Recent Event Highlights: Jet Airways increases yields by 20% - Economic Times, Kingfisher Airlines turns to Mallya's business partners - Times of India, UB Group borrows Rs 400 crore from SICOM for Kingfisher - Economic Times, Kingfisher Airlines Rises on Report of Plan to Cut 65 Billion-Rupee Debt - Bloomberg, Kingfisher takes away cancelled flight from booking system - Hindu Business Line, BJP Press on Rahul Gandhi, Rajasthan CM & Kingfisher Airlines By Shahnawaz Hussain, and 560 more...
Created by dipity on Mar 6, 2009
Last updated: 09/27/12 at 06:07 AM
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Excerpt
...to reconfigure its aircraft to focus on the full-service market. In the email sent to 'King Club' members today, Kingfisher Airlines Vice-President (Guest Loyalty) Anshu Sarin noted: "We have decided to focus on the full-service market; to this end, Kingfisher...
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OneIndia
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http://feedproxy.google.com/~r/oneindia-news-india/~3/FVLiBPw554g/manmohan-assures-to-help-ailing-kingfisher-airlines.html
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...been forced to cancel their flights to European countries for the fifth day.Indian carriers Air India, Jet Airways and Kingfisher Airlines have cancelled flights to the UK and other parts of Europe.However, AI and Jet Airways will be flying flights to US and...
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OneIndia
http://feedproxy.google.com/~r/oneindia-news-business/~3/cZyUZXwe2d0/kingfisher-airlines-crisis-bailout-for-vijay-mallya.html
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...Airlines is a member-elect of the worlds leading quality airline alliance, oneworld, of which American is a founder member. As a result of this agreement, which covers the entire route network of both airlines, King Club members will be able to earn King Miles...
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New Kerala
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http://www.newkerala.com/news/2011/worldnews-99804.html
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...is almost equal – 31% and 30% for Kingfisher Airlines and Kingfisher Beer respectively • Bloggers too enjoy covering Kingfisher Airlines as 80% of the conversations in Blogs are about Kingfisher Airlines while Kingfisher Beer accounts only for 12% of the conversations • Kingfisher...
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Buzzom.com
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http://www.buzzom.com/2011/07/kingfisher-airlines-is-more-hated-than-kingfisher-beer/
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Kingfisher Airlines, Indias only Five Star airline rated by Skytrax, today announced the launch of its service to Bangkok from Mumbai and Delhi.
The launch marks the fourth international route out of Mumbai and the third out of New Delhi, according to
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Webindia123
http://news.webindia123.com/news/articles/India/20100417/1486848.html
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BANGALORE:
Kingfisher Airlines today announced the launch of two new routes to Bangkok,
from Mumbai and Delhi.
The launch of these routes marks the fourth
international route from Mumbai and third international route out of New Delhi,
the
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Economic Times
http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/Kingfisher-Airlines-launches-2-new-international-Routes/articleshow/5826056.cms
Excerpt
India's second largest private carrier Kingfisher Airlines plans to raise over 100 million dollars through a fund raising initiative, an official of its parent UB group said on Wednesday.
Kingfisher is likely to raise the money by issuing global
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Hindustan Times
http://www.hindustantimes.com/rssfeed/business/Kingfisher-Airlines-to-raise-USD-100-mn/Article1-528455.aspx
Excerpt
Kingfisher
Airlines paid Rs 63 crore — about 10% of the total dues — to
Hindustan Petroleum Corporation (HPCL) on Thursday evening, just hours before
the deadline to clear a part of the money it owes to the state-run oil marketer
for jet fuel supply
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Economic Times
http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/Kingfisher-Airlines-pays-up-10-of-HPCL-oil-dues/articleshow/5753224.cms
Excerpt
The agency, a wing of the Central Board of Excise and Customs (CBEC), had conducted an audit of the carrier in September, a service tax official said, asking not to be named. It conducts such audits to improve compliance with service tax norms and
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livemint.com
http://www.livemint.com/2009/12/02210801/Kingfisher-faces-tax-audit-cla.html
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When the the aviation industry is facing a gruelling time, Kingfisher Airlines has once again defaulted on dues of around Rs 418 crore to be paid to oil companies, senior civil aviation ministry officials said. The airline recently defaulted on the
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Indian Express
http://www.indianexpress.com/news/kingfisher-airlines-defaults-on-dues-to-omcs/541251/
Excerpt
Vijay Mallya-led Kingfisher Airlines is planning to raise up to $600 million (about Rs 3,000 crore) in the current fiscal to pay-off part of its debt.
"We are in discussions with PE (private equity) players to raise $400 million, the negotiations are
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Hindustan Times
http://www.hindustantimes.com/rssfeed/sectorsaviation/Kingfisher-Airlines-to-raise-up-to-600-mn-this-fiscal/Article1-474482.aspx
Excerpt
Nov. 9 (Bloomberg) -- Kingfisher Airlines Ltd., India’s
second-largest publicly traded carrier, is in talks with private
equity investors to raise $400 million and use the proceeds to
pay debt, Chairman Vijay Mallya said.
“We are in advanced
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Bloomberg.com
http://www.bloomberg.com/apps/news?pid=20601091&sid=aj746X3ER0Bo&refer=india
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Mumbai, Oct 30: In another collision scare involving nearly 244 passengers, two aircrafts, Air India(AI) Nagpur-Mumbai flight and Kingfisher Airlines almost collided into each other when the AI flight landed on the same runway where Kingfisher
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OneIndia
http://feedproxy.google.com/~r/oneindia-all-news/~3/vKb4KRvSumk/mumbai-ai-kingfisher-collision-averted.html
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Kingfisher, owned by UB Group, had an operating loss of Rs460.6 crore for the quarter ended September, down from Rs587 crore in the corresponding quarter last fiscal, in contrast with an operating profit posted by bigger rival Jet Airways (India)
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livemint.com
http://www.livemint.com/2009/10/28231335/Kingfisher-cuts-losses-to-Rs41.html
Excerpt
Mumbai, Oct 28: Kingfisher Airlines on Wednesday, Oct 28 reported a 13.4 per cent drop in its net loss at Rs 418.77 crore for the second ended Sep 30, 2009, against a loss of Rs 483.25 crore in the corresponding quarter in 2008.
"The company had not
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OneIndia
http://feedproxy.google.com/~r/oneindia-all-news/~3/PScNt7hOyeA/q2-kingfisher-airlines-net-loss-at-rs-418-cr.html
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2009-10-22 11:55:02 - India Tourism Report Q4 2009 - a new market research report on companiesandmarkets.com
June. In total, arrivals in the first seven months of the year reached 2.4mn, down 3.3% from the same period in 2008. As a result,
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PR-Inside.com
http://www.pr-inside.com/indian-carrier-kingfisher-airlines-posted-r1540696.htm
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BANGALORE:
Capt G R Gopinath appears set to alight from Kingfisher Airlines. The aviation
entrepreneur, who was the single largest individual shareholder in Kingfisher
Airlines after its merger with Deccan early last year, has been on a stock
selling
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Times of India
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http://economictimes.indiatimes.com/Gopinath-going-out-of-Kingfisher-Airlines-Stake-down-to-032/articleshow/5140390.cms
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Mumbai: Billionaire Vijay Mallya, who is desperately trying to tie up funds for its debt-ridden airline, has hurriedly roped in a senior executive of his beer company United Breweries Ltd (UBL) to fill up a vacancy in his airline firm Kingfisher
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DNA India
http://www.dnaindia.com/money/report_mallya-gets-ub-executive-to-fill-vacancy-at-kingfisher-airlines_1296093
Excerpt
Home
Kingfisher Airlines, India's only Five Star airline, this week launched its inaugural flight from Hong Kong.
The first daily non-stop flight to Mumbai aboard a new Airbus A330-200 was filled to capacity.
Kingfisher Airlines flight IT 072
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Pakistan News.net
http://www.pakistannews.net/story/544779
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Singapore, Sep. 17 -- Singapore's Changi Airport Group today received Kingfisher Airlines' flight IT029 from Mumbai, starting a daily flight between the two destinations.
The commencement of the Kingfisher Airlines flights increase the number of
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AirportBusiness.com
http://www.airportbusiness.com/web/online/Top-News-Headlines/Kingfisher-Airlines-starts-flight-operations-to-Singapore/1$31030
Excerpt
Singapore's Changi Airport Group today received Kingfisher Airlines' flight IT029 from Mumbai, starting a daily flight between the two destinations.
The commencement of the Kingfisher Airlines flights increase the number of flights on the
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Webindia123
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http://news.webindia123.com/news/articles/World/20090917/1343510.html
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Kingfisher Airlines Vice-Chairman G R Gopinath, who has been steadily reducing his stake in Vijay Mallya-led Kingfisher Airlines has further sold shares worth Rs 6.31 crore of the private carrier.
Gopinath has sold a total of 13,59,473 shares of
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Business Standard
http://feedproxy.google.com/~r/Business-Standard-News-Now/~3/pB7egHjTxBQ/storypage_c.php
Excerpt
Mumbai: Kingfisher Airlines plans to raise $100 million (Rs 500 crore) through various instruments, including global depository receipts (GDRs), subject to approval of its shareholders.
GDR is a negotiable document held in the bank of a country
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Expressindia.com
http://www.financialexpress.com/news/Kingfisher-Airlines-to-raise-Rs-500-crore/509598/
Excerpt
Vijay Mallya-led Kingfisher Airlines board on Monday approved an enabling resolution to raise $100 million (nearly Rs 487.8 crore) by various fund raising instruments.
The board of directors of the company have approved that the funds be raised through
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Rediff
http://business.rediff.com/report/2009/aug/31/kingfisher-airlines-to-raise-dollar-100-million.htm
Excerpt
“Vikram was in the leadership team of Kingfisher Airlines. Also, he was associated with many brands of UB Group for several years,” said one of the executives.
Mumbai: Vikram Malhotra, vice-president of marketing at Kingfisher Airlines Ltd, has quit
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livemint.com
http://www.livemint.com/2009/08/26214142/The-latest-to-exit-Kingfisher.html
Excerpt
Kingfisher Airlines pulled every trick it could in order to get approval to fly overseas – even paying over the odds for a rival to try and circumvent Government regulation to do so.
Now, as the financially-failed airline operates solely on the whims
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Gerson Lehrman Group
http://feedproxy.google.com/~r/GLGNews/Energy-Industrials/~3/uNUlFec5tPg/Air-India-Right-To-Oppose-Kingfisher-Airlines-Plans-42761.html
Excerpt
Mumbai: Passengers may soon have to pay for food on board low-fare service Kingfisher Red as the parent carrier, Vijay Mallya-promoted Kingfisher Airlines Ltd, studies ways to change the way it operates in a deteriorating market condition.
“In line
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livemint.com
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http://www.livemint.com/2009/08/16212949/Kingfisher-Red-may-start-charg.html
Excerpt
To appoint merchant banker to raise Rs 500 crore equity.
Bangalore, July 29 Kingfisher Airlines has posted a 54 per cent increase in net loss to Rs 243 crore during the first quarter of this fiscal compared with Rs 158 crore in the same period last
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Hindu Business Line
http://www.thehindubusinessline.com/2009/07/30/stories/2009073051170200.htm
Excerpt
UB Group owned Kingfisher Airlines has decided to raise Rs 500 crore by way of equity. This was decided in the company’s Board meeting held on Tuesday.
The company which has a debt burden of about Rs 6,000 crore says that they are planning to go for a
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Business Standard
http://feedproxy.google.com/~r/Business-Standard-News-Now/~3/g5dlJChsHmc/storypage_c.php
Excerpt
New Delhi, Jul 29: Kingfisher Airlines has sent a mail to its 6000 employees warning them that there will be delay in the salaries, a media report said on Wednesday, Jul 29.
Kingfisher Airline’s chief Vijay Mallya had claimed that the government is
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OneIndia
http://feedproxy.google.com/~r/oneindia-news-business/~3/awMNZNzyagE/kingfisher-airlines-warns-staff-of-delay-in-salary.html
Excerpt
...of Air India chairman and managing director Arvind Jadhav asking employees to join hands in a “fight for survival”. Kingfisher Airlines, which flies one in four passengers in India, has been battling high losses for the past few years. Its debt is pegged at...
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livemint.com
http://www.livemint.com/2009/07/28230157/Kingfisher-asks-staff-to-adjus.html
Excerpt
Mumbai: Kingfisher Airlines on Tuesday said it will consider raising further share capital of up to Rs 500 crore. In a filing to the Bombay Stock Exchange, the Vijay Mallya-led firm said its board would meet on July 28 to consider issue of further
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Expressindia.com
http://www.financialexpress.com/news/Kingfisher-Airlines-to-raise-Rs-500-cr/492371/
Excerpt
New Delhi: In an attempt to prevent airlines from squatting on international and domestic routes allotted to them, the aviation ministry has asked carriers to explain why they aren’t flying on many of the sectors/routes that they have been granted. The
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livemint.com
http://www.livemint.com/2009/07/21221018/Aviation-ministry-may-realloca.html
Excerpt
NEW DELHI: The Government on Friday said it has penalised Kingfisher Airlines with a fine of over Rs 26 crore for delay in the payment of tax deduction at source (TDS).
In case of Kingfisher Airlines Pvt Ltd, a penalty of Rs 26.46 crore for the delayed
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Hindu Business Line
http://www.thehindubusinessline.com/blnus/09171710.htm
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July 2, 2009 1:00 PM EDT
-- Page 1: Backdrop of regulatory change, changes in FDI and Airport
infrastructure policy
-- Page 2: High Airline Turbine Fuel (ATF prices) and declining passenger
traffic
-- Comparison
-- Page 3: Combined
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Street Insider
http://www.streetinsider.com/Press+Releases/Research+and+Markets%3A+Airlines+Databank+-+India+is+a+Databank+Providing+Financial+and+Operational+Data+of+Each+Domestic+Airline+in+India/4771244.html
Excerpt
Kingfisher Airlines on Tuesday said it has deferred declaration of its financial results for the year ended March 31, 2009 in the absence of requisite quorum.
The Chairman of the Audit Committee met with an accident and hence the quorum could not be
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Hindustan Times
http://www.hindustantimes.com/redir.aspx?ID=e206a6c3-58ce-404a-ba1b-65ec0c99e956&SectionName=RSSFeed-business
Excerpt
Mumbai / New Delhi: Ramki Sundaram, executive vice-president at Kingfisher Airlines Ltd and former chief executive officer of Deccan Aviation Ltd, has resigned.
He will return to London-based Investec Bank (UK) Ltd in July as global head for mergers
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livemint.com
http://www.livemint.com/2009/06/18233615/Ramki-Sundaram-resigns-from-Ki.html
Excerpt
...wherewithal to ride out the trough and be ready for growth,” a senior official of UB Group added. According to data from Kingfisher Airlines, corporate loans of around Rs 2,500 crore are mainly secured against cash flows from the airline operations and is...
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Business Standard
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http://business-standard.com/common/storypage_c.php?leftnm=10&autono=360728
Excerpt
KINGFISHER AIRLINES Ltd. is to receive a cash injection of Rs 2,000 crores from a consortium of banks that includes the Bank of Baroda and the State Bank of India (SBI).
A top banker associated with the deal revealed that Mallya had extended a
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Merinews
http://www.merinews.com/catFull.jsp?articleID=15771846&catID=8&category=Business
Excerpt
...online booking service,” CyberSource head of client and technical services, Akif Khan said. Commenting on the tie-up, Kingfisher Airlines chief information officer, Sourav Sinha said,“With the threat of online fraud in our industry, we needed a reliable solution...
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livemint.com
http://www.livemint.com/2009/06/02145217/Kingfisher-Airlines-CyberSour.html
Excerpt
Kingfisher Airlines has announced the launch of King Mobile, a mobile ticketing solution. Kingfisher has tied up with ngpay to provide this service to its customers. Via this service one can book tickets using all GPRS enabled low-end as well as
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WATBlog
http://www.watblog.com/2009/05/28/kingfisher-airlines-launches-kingmobile-mobile-payment-solution/
Excerpt
New Delhi, May 6 The cash-strapped Kingfisher Airlines has been loaned Rs 500 crore by State Bank of India. This is only a fourth of the Rs 2,000-crore which the airline is seeking from a consortium of banks.
Sources told Business Line that the loan
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Hindu Business Line
http://www.thehindubusinessline.com/2009/05/07/stories/2009050752470100.htm
Excerpt
What they did: Kingfisher Airlines Ltd launched a tongue-in-cheek campaign using primarily non-traditional platforms such as outdoor and digital media to woo passengers travelling in low-cost carriers, or LCCs.
“Due to the current market conditions a
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livemint.com
http://www.livemint.com/2009/05/04204349/Kingfisher-Airlines-Campaign.html
Excerpt
Kingfisher Airlines has set up its Twitter account at Twitter.com/FlyKingfisher, which will allow users to receive instant updates from Kingfisher Airlines and also help the company to actively converse with its guests.
Vikram Malhotra, vice
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Alootechie
http://alootechie.com/content/kingfisher-airlines-launches-its-twitter-account-twittercomflykingfisher
Excerpt
HYDERABAD:
Nearly 120 contract employees, including drivers, luggage boys and handlers
working with Universal Aviation Services for Kingfisher Airlines at Rajiv Gandhi
International Airport (RGIA), Shamshabad, held protests demanding wages
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Times of India
http://timesofindia.indiatimes.com/Cities/Kingfisher-Airlines-contract-employees-stage-protest/articleshow/4437271.cms
Excerpt
...operations, acquisition of aircraft, capital expenditure, working capital, strategic investments and re-organisation by Kingfisher Airlines. There had been reports that Kingfisher was talking to private equity players to offload some stake to raise money....
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Calcutta Telegraph
http://www.telegraphindia.com/1090418/jsp/business/story_10839763.jsp
Excerpt
...and refining company. As a consequence of missing the deadline for oil dues, BPCL has stopped selling jet fuel to Kingfisher Airlines on credit and instead moved to a so-called cash-and-carry arrangement, joining IOC in adopting a no-credit stance with the...
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livemint.com
http://www.livemint.com/2009/04/15213112/Kingfisher-seeks-10-more-days.html
Excerpt
As the Official Airline and Travel Partner for the DLF IPL in 2009, Kingfisher Airlines has the exclusive mandate to create tour packages for fans intending to visit South Africa. The liquor baron Vijay Mallya owned airliner and its partners have put
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Webindia123
http://news.webindia123.com/news/articles/India/20090406/1218937.html
Excerpt
The DLF Indian Premier League today announced that Kingfisher Airlines, the country’s only 5 Star Airline would be the Official Airline and Travel Partner for the league in Season 2009. As the official airline and travel partner to the DLF Indian
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IPLT20.com
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http://www.iplt20.com/kingfisher-airlines-official-airline-and-travel-partner.html
Excerpt
...of partners so that King Club members have varied opportunities to earn King Miles and earn their free flights faster," Kingfisher Airlines' King Club general manager Anshu Sarin said. The Vijay Mallya-led airline has a portfolio of more than 35 select programme...
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DNA India
Related Topics
http://www.dnaindia.com/report.asp?newsid=1244779
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