Tag Archives: Kingfisher Airlines

Spicejet Boeing 737-800 hits stray buffalo, airline suspends operations to city

Spicejet Boeing 737-800WL VT-SGK at New Delhi airport.

A SpiceJet Boeing 737-800(WL) registration VT-SGK ‘Garlic’ performing flight SG-622 from Surat, Gujarat to New Delhi, on November 6, with 140 passengers and six crew on-board, while on its take-off run on runway 04, struck a buffalo which had strayed on to the runway. The plane impacted the animal at approximately 80 knots speed. The aircraft suffered extensive damage to …

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Air Pegasus takes delivery of its first plane, former Kingfisher Airlines ATR72

ATR72-212A(500) MSN699 as Kingfisher Airlines VT-KAA.

Bangalore based Air Pegasus has reportedly taken delivery of its first aircraft, an ATR72-500 which was originally leased and operated by Vijay Mallya promoted Kingfisher Airlines. The aircraft is configured in an all-economy class with 66 seats. The aircraft returns back home in a manner of sorts. This aircraft bears airframe number MSN 699 (manufacturer’s serial number) and was first …

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Kingfisher lawsuit against IAE shows Vijay Mallya’s desperation

by Vinay Bhaskara and Devesh Agarwal Earlier this month, defunct Indian carrier Kingfisher Airlines, which has been grounded since 20th October, 2012 when the Indian regulator, the Directorate General of Civil Aviation (DGCA) suspended its flying license, filed its annual report for fiscal year 2012-2013. Instead of focusing on finding a way to pay off the nearly Rs. 7,000 Crore …

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PHOTOS and Analysis: A new Indian start-up; Zexus Air?

by Vinay Bhaskara A report in Ch-Aviation is stating that proposed domestic start-up Zexus Air, to be based at Delhi, is planning to acquire four Embraer E175LR regional jet aircraft (with manufacturer serial numbers [MSNs] 17000277, 17000287, 17000291, and 17000309), as per its application with India’s Directorate General of Civil Aviation (DGCA) for an air operator certificate (AOC). The aircraft were …

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Opinion: Why are tax-payer funded banks going easy on Kingfisher Airlines loans recovery?

by Devesh Agarwal The consortium of banks which lent vast sums of money to Vijay Mallya promoted Kingfisher Airlines seem to be making a mockery and charade of recovering almost Rs. 7,000 Crore worth of loans from the airline and its guarantors. The question is why? As per a Mint report, SBI, the leader of the creditors’ consortium, has the …

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INFOGRAPHIC: Airline-wise share of international passenger traffic, to and from India, 2011 to 2012

Based on a report in The Economic Times we have prepared this infographic showing the airlines’ market share of international passenger traffic to and from India during fiscal 2011~2012. The chart throws up some surprises. SriLankan Airlines and Oman Air feature on this list, but Singapore Airlines does not. Hard to accept? and where is AirAsia? Share your thoughts via …

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Infographic: How much does Kingfisher Airlines owe to each bank

by Devesh Agarwal As banks move to recall their loans to Kingfisher Airlines, below is an infographic showing the exposure of various banks to the airline. Click on the image for a larger view. You can also download the graphic, by right clicking once you click on the image.

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Defunct Kingfisher Airlines’ Airbus A380 orders still active

by Vinay Bhaskara Computer rendering of A380 in Kingfisher Airlines livery Image Courtesy of  Malaysia Flying Herald At its recent annual results conference, European aerospace manufacturer Airbus released a bit of shocking information. Apparently, the ill-fated order for five Airbus A380s by now-defunct (though perpetually on the verge of “re-starting” in the eyes of chairman Vijay Mallya) Kingfisher Airlines is …

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Indian Aviation Review 2012. Part 2: The airlines’ analyses

by Vinay Bhaskara As promised, here is the second part of Indian Aviation’s 2012 review, with an airline by airline analysis of the events in 2012. Air India 2012 was another banner year in Air India’s agonizingly slow death spiral. Whether it was yet more labor turmoil related to the still not completed merger with Indian Airlines, a botched Entry …

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Opinion: The Etihad-Jet Airways-Kingfisher Airlines love triangle. Who should Etihad choose?

by Devesh Agarwal Two days ago, two Times of India group newspapers, The Bangalore Mirror and The Economic Times reported UAE national carrier Etihad buying a 48% in financially disabled and grounded Indian carrier Kingfisher Airlines. The Bangalore Mirror may be a tabloid, but The Economic Times is no slouch when it comes to financial matters. This went against the …

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The Kingfisher Airline’s Airbus storage at Mumbai airport, ATR72 graveyard at Bangalore airport

In the Google Maps photograph below, you can see the storage yard, some may say, graveyard, of the Airbus fleet of Kingfisher Airlines at Mumbai airport. View Larger Map This parking area is at the 14 end of runway 32-14 next to the Kalina hangars of Air India. From the top you can see an Airbus A330-200 parked in an …

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SpiceJet Q2 FY2012~2013 quarterly results financial analysis

Earlier this week, Indian low cost carrier SpiceJet posted a Rs. 163.5 Crore net loss for the second quarter of fiscal year 2012-13. While this represented a 32% better result than the same period last year, it is still a heavily disappointing result, giving the recent surge in the fortunes of India’s airlines after the shut-down of full service carrier …

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Airbus ends A340 era, selling last two aircraft, defaulted by Kingfisher Airlines

European airframer Airbus S.A.S. announced the sale of the last two A340-500 aircraft in its inventory, marking an end of the longest range model of its portfolio. AJW Capital Partners Limited, a worldwide aviation services group based in the UK, has signed a firm contract for the purchase of two Airbus A340-500s aircraft. With this order AJW Capital becomes the …

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Kingfisher’s Q2 FY13 record loss of Rs. 1,115 crore is more than five times its revenue

One of the many Kingfisher aircraft stripped and left Financial beleaguered Kingfisher Airlines saw its second quarter revenue for fiscal year 2012~2013 plunge a massive 87% to just Rs. 200 crore (Rs. 2 billion) from almost Rs. 1,553 crore in the same quarter a year ago. The airline which has not operated a single flight since October 1, due to …

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Opinion: Kingfisher Airlines’ license suspension actually helps Vijay Mallya

On Saturday India’s civil aviation minister Ajit Singh, announced that aviation regulator, the DGCA had suspended the operating permit of Kingfisher Airlines, after the carrier failed to respond to their show-cause notice. With mountains of unpaid debts, the airline has been on life-support for some time now. Unpaid employees have been striking since October 1, resulting in a suspension of …

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Air traffic plunges 11.5%, as air fares rise. Jet Airways group crashes almost 21%, IndiGo down 11%.

Talk about irony. In March this year, Dr. Dinesh Keskar and Bangalore Aviation were discussing the double digit, yet profitless growth occurring in the Indian airline industry. Less than six months later, air traffic continues its fifth consecutive month of decline. Within, just the third calendar quarter, (second quarter of the fiscal year 2012~13), air traffic plunged over 11.5%, from …

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Kingfisher Airlines: Diverting the media’s attention away from things that matter

For the last week or so we are overloaded with the media’s fascination about the financial troubles at Kingfisher Airlines and its flamboyant Chairman Dr. Vijay Mallya, and his less than flamboyant, and far less street smart son Sidhartha. Like the famous wild dogs of Africa, which hunts in packs, the media had descended en mass on the sorrowful suicide …

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Vijay Mallya shifts ownership of his Airbus A319 private jet VT-VJM away from Kingfisher Airlines

In what could be a move to protect his personal toys, UB Group has transferred the operational ownership of the ultra-luxurious Airbus A319-133ACJ (Airbus Corporate Jet) used by Kingfisher Airlines Chairman Vijay Mallya out of Kingfisher Airlines. In its previous avatar, VT-VJM used to sport a tail with the Kingfisher Airlines logo and used to operate with the radio call …

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Opinion: A date of ignominy in the Kingfisher Airline calendar

2010 Kingfisher Calendar. Copyright KingfisherWorld Kingfisher is known for its super-sexy swimsuit calendar, featuring some of the most beautiful women in the world, and Kingfisher Airline’s Chairman Dr. Vijay Mallya’s son, Sidhartha, may love cavorting on the beach with them, but yesterday, October 4, 2012, witnessed a tragedy, and was, to borrow the words of FDR, a date that will …

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Survey: The Kingfisher Airlines drama continues. Is the airline ready for euthanasia?

Employees of Kingfisher Airlines have finally reached a breaking point. The airline, blaming the employees has declared a lockout Kingfisher Airlines Limited today announced that following a series of protracted and unabated incidents of violence, criminal intimidation, assault, wrongful restraint and other illegal acts including refraining from attending work, by a small section of recalcitrant employees which were all unnecessary …

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