News Brief: GoAir increases Bangalore flights; Kingfisher delays results; Air India analysis; SpiceJet appoints new CFO

Go Air increases Bangalore flights.

GoAir recently inducted it’s eighth Airbus A320-214, most likely VT-WAK. (Despite follow up the airline’s media partner could not give me the information.)

After a complete withdrawal from Bangalore, GoAir has re-focussed on Bangalore with two new connections to Mumbai and New Delhi, taking the airline’s total number of weekly flights to 377.

With the addition of the new connections the airline will now have four flights between Bangalore and Delhi, two flights from Bangalore to Mumbai and three flights from Mumbai to Bangalore.

GoAir has also introduced new flight timings for the Ahmedabad, Delhi, Mumbai and Bangalore sectors. Full details are on the GoAir website.

Kingfisher delays release of financial results

Adding fuel to the ongoing fire of speculation, Kingfisher Airlines released this press statement.

“The Kingfisher Board met as scheduled today in Mumbai. However, the consideration of the audited financial statements for the year ended 31-Mar-2009 has been deferred since the Audit Committee meeting for consideration of the audited annual financial results, could not be held as the quorum requisite was not present with the Audit Committee Chairman who met with an unfortunate injury resulting in a fractured leg, also unable to attend.

The Audit Committee and Board Meetings for consideration of the audited annual financial results will be held at the earliest possible opportunity.”

Kingfisher is one of the three publicly listed airlines and therefore was to have released it’s financials on or before June 30th. The other two airlines Jet Airways and SpiceJet have released their results.

Air India analysis

The Mint newspaper (a venture of Hindustan Times and the Wall Street Journal) had an excellent article over the weekend titled “Once maharaja of the skies Air India now struggles to fly“. I strongly recommend reading it.

SpiceJet appoints Seema Chandra as Chief Financial Officer

SpiceJet Limited announced the appointment of Seema Chandra as it’s Chief Financial Officer with effect from today.

Seema brings with her over 25 years of solid, stable work experience having worked with large corporate including HT Media, Nestle India Limited and Ranbaxy Limited. Her last assignment was as the Chief Financial Officer of Mascon Global Limited.

She is a graduate of Lady Shri Ram College of Commerce, and an M.B.A. from Delhi University’s Faculty of Management Studies with a Major in Finance.

About Devesh Agarwal

A electronics and automotive product management, marketing and branding expert, he was awarded a silver medal at the Lockheed Martin innovation competition 2010. He is ranked 6th on Mashable's list of aviation pros on Twitter and in addition to Bangalore Aviation, he has contributed to leading publications like Aviation Week, Conde Nast Traveller India, The Economic Times, and The Mint (a Wall Street Journal content partner). He remains a frequent flier and shares the good, the bad, and the ugly about the Indian aviation industry without fear or favour.

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