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Kingfisher rising like a phoenix
The other thread was getting too long. Why don't we try a positive title as Kingfisher has changed quite a lot over the last few months. Just as there were positive posts in the old, negative titled thread; negative posts are welcome in this positive titled thread.
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yes that should work fine......since the titanic was taking its own sweet time too!
In other news,hope the Air Force paints some turn pad guide lines,while kingfisher gets its many new Capts to practice pivotal 180 turns on the Runway. |
yes that should work fine......since the titanic was taking its own sweet time too! In other news,hope the Air Force paints some turn pad guide lines,while kingfisher gets its many new Capts to practice pivotal 180 turns on the Runway. |
After the Exudus....
Air India is not renewing the contracts of its retired pilots.
Some are trying to get into Kingfisher. So looks like the exudus is stemmed for at least a bit Meanwhile those stayng put in KFR are not complaining,as the flying has increased! |
Mallya looking to sell Equity
Clearly if the frequent reports by the likes of Economic Times are to be believed, Mallya is looking to sell some equity ( SIA, BA Indigo partners) to anyone wlling to pay HIS price. The problem for Mallya is anyone willing to buy will want management control.. will he be willing to give that??
should make things interesting in the coming months if that dose happen. In current enviroment any money other than high price Debt is very difficult to come by. Too many incidents of late.. and mostly basic errors.. a bit disconcerting i might add. Anyway we carry on in the uncertain enviroment hoping boss has a plan. Cheers to all keeping the faith.:hmm: |
The fact is that if you were to look at the state of Kingfisher from a pure finance point of view , there really isn't much hope for it's survival unless there is an outside party willing to invest and take the responsibility of the huge debt burden.Better than that would be to start another airline.On the other hand if Dr.Mallya is willing to off load substantial stakes in his other companies to keep KF afloat then yes it would survive.But if you want long term stability it's high time that KF have a man who is aviation savy and who has a free hand in running the airline.Alex Wilcox was the right man..unfortuantely KF lost him...:ok:
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here is what wall street thinks..
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Wonder How much he would sell ??
Long time back VJM said KFA is his baby and always would be !! |
When you reflect that Kingfisher 320 made his new thread in October of 2008 with the dire warning that inevitable sinking was imminent, you can see that he is probably not the one to suggest your lottery numbers!
Many posters on the thread seemed only too delighted at the prospect of the airline going bust. I wish all the nasty plagues imaginable on them and your daughters and wish Kingfisher and all their employees the very best of luck! |
sinking......still
kfa's debts have mounted further and whoever gives them money will not be in the right frame of mind.
any idea whats happened to the two A330s still lying unused? one i believe one is a christmas tree.:eek: |
apparently zey have not made salary payments till now...
phoenix getting singed??? |
IndAir967
Please check your PM sir.
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you think its funny
I am amazed and disappointed by the comments of some in this post...indair and figure of...
An airline has an incident where the wingtip gets damaged by a shelter in an airforce airport....and you guys make a joke about it...are you professional pilots or a bunch of " desperate housewives" ...get a life ! |
:{kingfisher plane hit an air force bunker:{
I think now i sound professional eh:p? Cheers:ok: |
professionalism
losers!...hope you enjoy reading about your own airline when someone writes in a similar vein..its amazing how KF evokes such strong interest even now...and no I dont fly the ACJ!
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Showing their interest in any company in these desperate times need not say much of that company.............that it is poorly run by a very corrupt 'team' is very obvious to many in this field so lets not live in denial here.
To safe-guard your own interests there and for the sake of the staff living day-to-day, it would be best that its faults are discussed more openly. Hopefully, VJM would get to know these things (hope he picks some comments of pprune......but it may not be to his glossy liking...) and think of putting them right.........may not be too late even now. But if people wish to live in denial........:confused::confused::confused: |
@ moderate
...you are probably one of the 340 guys and I empathise with you...if not point taken.
i am just specifically pointing out to how some members revel in making a joke out of an aviation incident, could have happened to any one of us...its got nothing to do with the financial turmoil or corruption! we all love our jobs not necessarily our employers:= |
when the reports of taxi incident it will probably show f/o was noting clearance, there were no guidelines and the air force as usual had no taxi guide lines for non mil ac. all contributory but the pilot Captain takes the fall...
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Point well said.It's easy to laugh at another's mistakes but it takes a professional pilot to try and understand the circumstances that caused it and try and avoid it himself and also to share that knowledge with fellow pilots so that is doesn't happen to anyone else in future.My sympathies with the crew ...:{:ok:
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the latest
some sane contributions...thanks!
Mumbai, July 11, 2009—Kingfisher Airlines, India’s premier five star airline, today announced a roadmap for the next phase of its international route network. 2 New Routes Announced out of Mumbai Beginning September 2009, Kingfisher Airlines plans to launch two new flights. The two new routes will be Mumbai – Singapore and Mumbai – Hong Kong. Both will be daily direct return services and will be operated using the brand new Airbus A330-200 aircraft. Bookings for travel on these sectors are expected to be opened shortly. 3 New Routes Proposed out of New Delhi Kingfisher Airlines has applied to the Ministry of Civil Aviation to commence operations on the New Delhi – London – New Delhi sector. The flights on this route will also be operated using the Airbus A330-200 and launch dates will be announced once the requisite regulatory approvals are in place. The launch of this new route will mark the first time that Kingfisher Airlines will commence international flights out of New Delhi. Besides this route, there are plans to start flights from New Delhi to Bangkok and from New Delhi to Dubai. The flights on these two routes will be operated using the Airbus A320 / A321 aircraft. 3 New Routes Proposed out of Mumbai There are also plans to commence flights between Mumbai and Bangkok, between Mumbai and Dubai and between Mumbai and Colombo. The flights on these routes will also be operated using the Airbus A320 / A321 aircraft. Lets hope for the best.... |
The SIN-BOM route was supposed to be officially launched sometime in the middle or late of last year. Then it was postponed to Jan or Feb 09. And that was also a no-show.
Sep 09:hmm:, not really optimistic about it showing up, esp with the current economic climate. Then again, there would be a kingfisher a/c landing in SIN. But it would be VJM a/c landing for the Singapore leg of the F1.:) A kingfisher A320 was in town during the last F1 period. |
Another indication of how business must be going for the "King of Good Times" is that the police and a bailiff turned up at Force India's trailer on Friday, prior to the German Grand Prix at Nürburgring, and demanded immediate settlement of some €800,000 in unpaid bills.
Bernie Ecclestone apparently settled the amount for them in order to avoid Force India's exclusion from the race as a result of their property being seized. |
...and just for a change, all their ATR training has been suspended in TLS, KL and BKK until payment received.
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& while we're at it.... BLR-CMB has been withdrawn, along with BLR-LHR.
Given the demise of the LHR route, I struggle to see which direction KF are heading. Good luck to all involved, but there really needs to be a radical shake up in the management at KF House. PS... Have KF settled their hotel & fuel bills as yet? |
This guy is really a joke...:ok:
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The playboy kid at it again!
I see VJM is at his favourite playground again, his 319 parked up in its usual spot in Nice!
Obviously just not taking things seriously at all! Good luck chaps! Ps when does the BLR - LHR route finish, and whats happening to the crews? |
Apparently only
BLR-LHR finishes on 15-sep 09 And BOM-HKG and BOM SIN commence at the time. Also DEL LHR likely to start as well. Ergo the crew stay hopefully |
Kingfishers recent announcement of route changes leaves it open to being decimated by bigger and better run carriers.
Mr Mallya's airline does not have the sort of investor appeal he would have people believe and its only a matter of time before the UB brewery board get fed up with cross-subsidising this failed airline. |
So someone has found another site for KFA bashing
While actual indicators of impending doom might make for rivetting reading...if not last ditch attempts at recovery .......this is more of the same old whining.
Let me get this straight...he made an error in ordering the 340s,however in having realised this error,he is now also wrong in disposing of them! Unlike the case of Air India,KFA does clear outstanding bills,if perhaps a little behind and sometimes under threat of being denied further credit.....not a compleatly alien business "practice" in these trying economic conditions. However the fact that KFA ows money to Jet is news to me,so looking forward to more info on that story soon.. |
KFA does clear outstanding bills Source Kingfisher owes oil PSUs Rs 950 cr 2009-07-16 17:59:23 Vijay Mallya-owned Kingfisher Airlines owes state-run oil companies over Rs 950 crore (Rs 9.50 billion) in unpaid fuel bills while financial crisis-hit NACIL has cleared almost two-thirds of its outstanding. Kingfisher Airlines owned Rs 1,030.08 crore (Rs 10.30 billion) in unpaid bills for buying jet fuel from Indian Oil , Bharat Petroleum and Hindustan Petroleum on December 31, 2008. It stood at Rs 950.46 crore (Rs 9.504 billion) as on May 31, 2009, Petroleum Minister Murli Deora said in a written reply in Lok Sabha. On the other hand, National Aviation Company India Ltd (NACIL),which operates the merged state carriers Air India and Indian Airlines, has reduced its outstanding from Rs 1,311.91 crore (Rs 13.119 billion) to Rs 472.93 crore (Rs 4.729 billion). Jet Airways has reduced outstanding from Rs 1,266.21 crore (Rs 12.662 billion) to Rs 760.07 crore (Rs 7.60 billion), Deora said. Kingfisher owned most to HPCL , with its unpaid fuel bill running into Rs 598.78 crore (Rs 5.987 billion). It owed HPCL Rs 523.34 crore (Rs 5.233 billion) on December 31, 2008. Kingfisher also owned BPCL Rs 314.32 crore (Rs 3.143 billion) and another Rs 37.36 crore (Rs 373.6 million) to IOC. NACIL reduced its outstanding towards IOC from Rs 877.13 crore (Rs 8.771 billion) to Rs 307.49 crore (Rs 3.074 billion) while that towards BPCL came down to Rs 91.56 crore (Rs 915.6 million) from Rs 250.43 crore (Rs 2.504 billion). It owned HPCL Rs 73.88 crore (Rs 738.8 million), down from Rs 184.35 crore (Rs 1.843 billion), Deora said. In case airlines fail to pay their dues, they are put on 'cash and carry' (pay cash to buy fuel) and interest is recovered on all overdue payments, he said. Deora said Jet Airways had reduced its outstanding towards IOC from Rs 1,053.08 crore (Rs 10.53 billion) to Rs 644.96 crore (Rs 6.449 billion). while that towards BPCL to Rs 111.77 crore (Rs 1.117 billion) from Rs 210.46 crore (Rs 2.104 billion). Besides the three airlines, Paramount Airways owed Rs 25.82 crore (Rs 258.2 million) to oil companies and Spice Jet Rs 16.24 crore (Rs 162.4 million). "As on December 31, 2008 and May 31, 2009, five airlines owned Rs 3,658.06 crore (Rs 36.58 billion) and Rs 2,225.52 crore (Rs 22.25 billion), respectively, to oil companies," he said. "The issue of outstanding dues was also taken up with the ministry of civil aviation which advised the airlines to clear their outstanding dues promptly," he added. |
KFA- a mess
Interesting how he keeps piling up debt.
Even if he does start to SIN and HK- not up on the site as yet- and its already end July, anybody know what aircraft he's using? hear arik air deal for 2 more A330s did not work out.:{ |
BOM to HK & SIN 330 as per
http://avindia.*************/2009/07...es-hk-not.html Tuesday, July 14, 2009 Kingfisher Airlines Includes HK, Not China, In Expansion Plans Kingfisher Airlines, which markets itself as "India’s premier five star airline," has included flight services to Hong Kong - but not to mainland China - in its newly announced international route expansion plans. From September, Kingfisher plans to launch two new flights, between Mumbai–Singapore and Mumbai–Hong Kong. Both services will be daily direct return flights using the new Airbus A330-200 aircraft. Kingfisher Airlines has applied for approval from the Indian Ministry of Civil Aviation to start flights between New Delhi–London, which would be its first international flights out of New Delhi. 14/07/09 Gary Bowerman/BizChinaUpdate | To Read the News in Full | PermaLink | |
kf from delhi????
The ministry of civil aviation has denied any permission has been sought for KFA flights from delhi- :(
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"SpiceJet, Kingfisher Expect to Break Even This Financial Year - WSJ.com"
Hahahahahahahahahahahah!!!!:} |
Kingfisher Airlines posts FY09 loss, issues pay delay warning to staff
Good luck to the folks at Kingfisher Airlines:
Kingfisher Airlines posts FY09 loss, issues pay delay warning to sta AGENCIES 29 July 2009, 11:47am IST MUMBAI: Private carrier Kingfisher Airlines Ltd said on Wednesday it posted a net loss of 16.09 billion rupees on net sales of 52.7 billion rupees for the year-ended March 31, 2009. Year-ago figures were not immediately available. The airlines warned its 6000 employees of delay in salary. In an email sent, Hitesh Patel, executive vice-president, Kingfisher Airlines, wrote, "Along with all other airlines, we are in a tight situation regarding finances. You can expect to be in embarrassing situations with our vendors; your salaries may be delayed but never beyond the 7th." |
Originally Posted by Edforce1
(Post 5091009)
You can expect to be in embarrassing situations with our vendors
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The Demise
Laugh all you want, in the end there will be 6000 qualified people looking for jobs, maybe even your jobs............... Market economic guys, cost of labor will come down and all flyboys might need to take a paycut.
Lets see which politician comes forward to protect 6000 jobs this time! Buying Gopi was a bad bad move. Should have let him crash and burn and then picked up the equipment for scrap value. He would have been the first airline to close |
Hey, didn't someone speak of expansion plans the other day? Looks like no one knows where they are heading..........well, they never knew that from DAY ONE did they???..........blind management leading the not so blind, mate?!
So it appears that the phoenix is SINKING faster that the Titanic these days? That's why there were so many posts asking a few on this thread NOT TO live in denial and dismiss those who spoke facts and figures.........truely feel for the staff who may have done all they could to keep it afloat..........no sympathy to the top bosses who robbed VJM and the staff. No sympathy for VJM who chose to go on an ego trip and gambled recklessly on the careers of many......http://images.ibsrv.net/ibsrv/res/sr...s/icons/46.gif |
well KFA has 75% of its fleet as low cost ,load factor more than 70%,half of the fleet is ATR(break even of just 12 pax per sector).
If rest of the low cost are doing great than so is KFA ,infact better than everyone.This is just a ploy by VJM and band of brothers JET to project a loss so the govt. caves in to allow foriegn ownership or partnership.Remember early bird gets the worm.only 2 private players flying abroad........ |
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