Bid Adieu to Kingfisher
Join Date: May 2012
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Repercussions of Kingfisher Closing Down :-
1. Air Fares are going to shoot up drastically. I expect an fares increase of no less than 15 % on competitive routes and upto 35 % in non competitive routes.
2. Pilots with a few thousand hours on A320 and ATR72 will be looking for any flying paying position. The worst hit would be the newly released captains and newly released first officers. Experienced ones on their respective seats will flock to the deserts or the greener pastures in east.
3. End game for freshers in the industry.
4. Drastic reduction in salary payment across the board. Not just pilots. I expect the salaries of low cost carriers to reduce as much as the US Regionals. It would be a tough game for cabin crew and ground staff to even survive the industry.
5. KFA closing down might benefit other carriers but clearly Jet Airways stands to benefit from a load factor aspect while Indigo and Go Air will stand to benefit from cheap and experienced labour.
To summarise.. Situation has gone from bad to f'ed up !!
1. Air Fares are going to shoot up drastically. I expect an fares increase of no less than 15 % on competitive routes and upto 35 % in non competitive routes.
2. Pilots with a few thousand hours on A320 and ATR72 will be looking for any flying paying position. The worst hit would be the newly released captains and newly released first officers. Experienced ones on their respective seats will flock to the deserts or the greener pastures in east.
3. End game for freshers in the industry.
4. Drastic reduction in salary payment across the board. Not just pilots. I expect the salaries of low cost carriers to reduce as much as the US Regionals. It would be a tough game for cabin crew and ground staff to even survive the industry.
5. KFA closing down might benefit other carriers but clearly Jet Airways stands to benefit from a load factor aspect while Indigo and Go Air will stand to benefit from cheap and experienced labour.
To summarise.. Situation has gone from bad to f'ed up !!
Last edited by GE90-115B; 6th Jul 2012 at 07:03.
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in doubt
last update i got, someone said 200 but i doubt they need so many for their less than 20 aircrafts.
Last edited by vishwas_ddn; 7th Jul 2012 at 16:22.
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Kingfisher just renewed the insurance on all the A/C, including the grounded ones,Feb Salary disbursement has started.So till the Govt takes a call on FDI i think its a bit early to bid Adieu.
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QUOTE:'Feb Salary disbursement has started.So till the Govt takes a call on FDI i think its a bit early to bid Adieu.'UNQUOTE.
And you are posting this in July??
RUN RUN RUN RUN...
And you are posting this in July??
RUN RUN RUN RUN...
Last edited by de facto; 8th Jul 2012 at 03:25.
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problem is they should have "run run run" 4 months ago, now if they run they def lose 5 months pay, so its a case of cut your losses or hope they pay before collapse.
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Speaking of the DGCA,
Bharat Bhushan asked to quit as head of aviation regulatory body DGCA
New Delhi
EK Bharat Bhushan has been asked to quit as chief of the Directorate General of Civil Aviation (DGCA), the body which supervises safety and implementation other civil aviation reglations.* While there was no official word on the reasons for his removal as DGCA by the Civil Aviation ministry, there has been speculation that his recent warnings to Air India and Kingfisher Airlines to pay dues to their employees may have gone against him.
Mr Bhushan, an IAS officer of the 1979 batch from Kerala cadre who took over from Syed Nasim Ahmad Zaidi in December 2010 as DGCA chief, will continue to serve as Additional Secretary in the ministry, official sources said.
Mr Bhushan handed over charge to Prashant Narain Sukul, a Joint Secretary in the Ministry, who would also be holding the position as an additional charge, they said.
On July 4, the Appointments Committee of the Cabinet had approved the extension of additional charge of the post of DGCA to Bhushan for another year "with effect from 01.12.2011 or till the appointment of a regular incumbent, whichever is earlier."
As the Director General of Civil Aviation, Bhushan brought in stringent measures to prevent airlines from compromising on safety matters on account of their financial trouble.
He had bluntly told loss-making Air India and Kingfisher Airlines to pay up the employees' dues soon enough so that their performance was not affected. Both the airlines have faulted on timely payment of salaries and allowances for several months.
He had said that safety could be adversely affected by a demotivated staff, particularly a pilot, an engineer or a cabin crew if they were not paid their salaries and dues.
Source: NDTV, India.
Bharat Bhushan asked to quit as head of aviation regulatory body DGCA
New Delhi
EK Bharat Bhushan has been asked to quit as chief of the Directorate General of Civil Aviation (DGCA), the body which supervises safety and implementation other civil aviation reglations.* While there was no official word on the reasons for his removal as DGCA by the Civil Aviation ministry, there has been speculation that his recent warnings to Air India and Kingfisher Airlines to pay dues to their employees may have gone against him.Mr Bhushan, an IAS officer of the 1979 batch from Kerala cadre who took over from Syed Nasim Ahmad Zaidi in December 2010 as DGCA chief, will continue to serve as Additional Secretary in the ministry, official sources said.
Mr Bhushan handed over charge to Prashant Narain Sukul, a Joint Secretary in the Ministry, who would also be holding the position as an additional charge, they said.
On July 4, the Appointments Committee of the Cabinet had approved the extension of additional charge of the post of DGCA to Bhushan for another year "with effect from 01.12.2011 or till the appointment of a regular incumbent, whichever is earlier."
As the Director General of Civil Aviation, Bhushan brought in stringent measures to prevent airlines from compromising on safety matters on account of their financial trouble.
He had bluntly told loss-making Air India and Kingfisher Airlines to pay up the employees' dues soon enough so that their performance was not affected. Both the airlines have faulted on timely payment of salaries and allowances for several months.
He had said that safety could be adversely affected by a demotivated staff, particularly a pilot, an engineer or a cabin crew if they were not paid their salaries and dues.
Source: NDTV, India.