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KFA news
Kingfisher to add to fleet by Oct; sees FDI rule ease - Reuters -
Kingfisher Airlines, plans to add eight leased aircraft to its fleet by October this year to expand capacity in the wake of growing air traffic, the firm said in an investor presentation made earlier in January.
Of the eight aircraft, six will be narrow-body Airbus A320 models and two will be the wide body Airbus A330s, the presentation said.
Kingfisher currently has a fleet of 66 aircraft, including 34 Airbus A320s.
Kingfisher is second in market share in India along with IndiGo, according to government data, with identical market share of 18.6%. The Jet Group is the largest Indian domestic carrier with 25.4% market share.
India's domestic passenger traffic grew 18.7% through January to December last year led by a burgeoning middle class in Asia's third largest economy.
Rival airlines have lined up ambitious expansion plans. Earlier this month, budget carrier IndiGo placed the largest jet order in commercial aviation history at USD 15.6 billion to buy 180 planes from Europe's Airbus.
State-run Air India also announced plans in January to lease 40 new planes from Canada's Bombardier and Airbus.
Kingfisher, controlled by United Breweries Holdings, also expects the Indian government to open up the domestic market to foreign carriers.
"FDI (foreign direct investment) policy is expected to allow foreign airlines to take equity stake in domestic carriers in the near future," it said in the presentation.
The Ministry of Civil Aviation has moved a proposal in 2009 to allow foreign airlines to acquire 25% equity in local airlines, it added.
Kingfisher Airlines, plans to add eight leased aircraft to its fleet by October this year to expand capacity in the wake of growing air traffic, the firm said in an investor presentation made earlier in January.
Of the eight aircraft, six will be narrow-body Airbus A320 models and two will be the wide body Airbus A330s, the presentation said.
Kingfisher currently has a fleet of 66 aircraft, including 34 Airbus A320s.
Kingfisher is second in market share in India along with IndiGo, according to government data, with identical market share of 18.6%. The Jet Group is the largest Indian domestic carrier with 25.4% market share.
India's domestic passenger traffic grew 18.7% through January to December last year led by a burgeoning middle class in Asia's third largest economy.
Rival airlines have lined up ambitious expansion plans. Earlier this month, budget carrier IndiGo placed the largest jet order in commercial aviation history at USD 15.6 billion to buy 180 planes from Europe's Airbus.
State-run Air India also announced plans in January to lease 40 new planes from Canada's Bombardier and Airbus.
Kingfisher, controlled by United Breweries Holdings, also expects the Indian government to open up the domestic market to foreign carriers.
"FDI (foreign direct investment) policy is expected to allow foreign airlines to take equity stake in domestic carriers in the near future," it said in the presentation.
The Ministry of Civil Aviation has moved a proposal in 2009 to allow foreign airlines to acquire 25% equity in local airlines, it added.
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KFA back in action
Kingfisher Airlines to induct eight aircraft by October - The Economic Times
MUMBAI: Kingfisher Airlines will add eight aircraft to its fleet by October in order to arrest a slide in market share. The aircraft will be taken on lease from the market, said the company in a recent presentation to investors. This is the first time in more than a year that the airline has indicated a plan to expand. Even in a growing market, Kighfisher could not deploy 14 aircraft which were grounded due to an engine problem.
“Kingfisher Airlines’ market share declined solely due to 14 grounded Airbus aircraft. That’s 40% of Indigo’s capacity and 60% of SpiceJet’s,” a Kingfisher Airlines’ spokesperson told ET.
Kingfisher plans to put all 14 grounded aircraft in air by March this year, as it has been able to resolve the maintenance and overhaul issues with the engine manufacturer IAE.
MUMBAI: Kingfisher Airlines will add eight aircraft to its fleet by October in order to arrest a slide in market share. The aircraft will be taken on lease from the market, said the company in a recent presentation to investors. This is the first time in more than a year that the airline has indicated a plan to expand. Even in a growing market, Kighfisher could not deploy 14 aircraft which were grounded due to an engine problem.
“Kingfisher Airlines’ market share declined solely due to 14 grounded Airbus aircraft. That’s 40% of Indigo’s capacity and 60% of SpiceJet’s,” a Kingfisher Airlines’ spokesperson told ET.
Kingfisher plans to put all 14 grounded aircraft in air by March this year, as it has been able to resolve the maintenance and overhaul issues with the engine manufacturer IAE.
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At the present rate , KF will lose it's joint No.2 slot permanently to Indigo.They seem to be banking on the FDI by foreign airlines to bail them out.Any sensible foreign airline will stay away from them with the kind of balance sheet they have.Any foreign FDI will be the death knell for AI , which for some unknown reason wants to lease another 40 aircraft...oh I know another money making scheme for everyone.
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Kingfisher is an sad story should I say. What could have turned out to become
one of the most successful airline in India has today become nothing but joke.
They started off calling themselves an 5 star airline connecting the primary hubs of the country with a limited aircraft but instead of sticking on to that business plan they took over deccan. They got confused as to what to do with the deccan business model and finally ended up calling it kingfisher red. And then they ended up grounding their A320 s because of their engines issue.
Had kingfisher not been financed by the UB Group it would have been an shelved airline.
one of the most successful airline in India has today become nothing but joke.
They started off calling themselves an 5 star airline connecting the primary hubs of the country with a limited aircraft but instead of sticking on to that business plan they took over deccan. They got confused as to what to do with the deccan business model and finally ended up calling it kingfisher red. And then they ended up grounding their A320 s because of their engines issue.
Had kingfisher not been financed by the UB Group it would have been an shelved airline.
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back to basics
Presentation to shareholders
http://www.flykingfisher.com/pdf/Inv...ary%202011.pdf
this doesent mention about their A-340's which were :-
VT-VJA: taken by Hi Fly, now reg: CS-TQP. Stored, to be leased out to Air Zimbabwe
VT-VJB: taken by Hi Fly, now reg: CS-TQL. Stored, to be leased out to Son Air
VT-VJC: converted to VIP, now reg: TS-KRT. Operated by Republic of Tunisia
VT-VJD: taken by Hi Fly, now reg: CS-TFW. On lease to Arik Air
VT-VJE: taken by Hi Fly, now reg: CS-TFX. On lease to Arik Air
Last edited by WOW99; 1st Feb 2011 at 03:30.
