Decline of Kingfisher Airlines “The flight loads have reduced because of our limited distribution ability caused by IATA suspension. We are therefore combining some of our flights. Also, some of the flights are being cancelled as a result of employee agitation on account of delayed salaries. This situation has arisen as a consequence of our bank accounts having been frozen by the tax authorities. We are making all possible efforts to remedy this temporary situation’ -Vijay Mallya, Press statement
KINGFISHER AIRLINES Vijay Mallya is the CEO of KINGFISHER AIRLINES Kingfisher Airlines was established in 2003. It is owned by the Bangalore based United Breweries Group. Kingfisher Airlines launched its domestic air service operations in May 2005.KFA was promoted by UB group and offered a single class- “Kingfisher Class”. It started its international operations on 3 September 2008 by connecting Bangalore with London. Its head office is Kingfisher House in Vile
| Airlines Low Cost Industry | | | | | | Situation It’s a chilly winter evening in Bangalore and Vijay Mallya looks out of the window with a Kingfisher Beer pint in his hand. He looks out at the reddish horizon and contemplates the future of his airlines - The Kingfisher Airlines. He has recently bought the first low cost carrier in India, Air Deccan. With the sale of Air Deccan, the industry
Isha Gupta 140101069 Section G Decline of Kingfisher Airlines “The flight loads have reduced because of our limited distribution ability caused by IATA suspension. We are therefore combining some of our flights. Also, some of the flights are being cancelled as a result of employee agitation on account of delayed salaries. This situation has arisen as a consequence of our bank accounts having been frozen by the tax authorities. We are making all possible efforts to remedy this temporary situation’
history of Indian Aviation industry lies back in the year 1912.The first domestic flight was taken between Delhi and Karachi by the Indian State Air Services. Tata Airlines started with an air mail service in the year 1912.It was renamed as Air India in 1946. There were few players at the time of independence including Tata Airlines, Indian National Airways, Deccan Airways .In 1953 ,the government nationalized the
MYSORE DEPARTMENT OF STUDIES IN BUSINESS ADMINISTRATION B. N. BAHADUR INSTITUTE OF MANAGEMENT SCIENCES MANASAGANGOTRI MYSORE 570006 KARNATAKA, INDIA Seminar Paper on Financial Distress and Restructuring A Case Study of Air India Ltd & Kingfisher Airlines Ltd Submitted to Dr. B. Shivraj Professor, DOSBA, UoM Submitted by Mr. Prasad V. Daddikar MBA IV Semester, Roll No. 50 Reg. No. 10MBO102 INTRODUCTION Financial distress is a term in Corporate Finance used to
Indigo airlines. Planning, business and marketing strategies are also analyzed. This analysis has helped in putting forth recommendations that could help improve and sustain Indigo in the aviation industry. 1.2. Methods Few analysis were conducted in order to draw improvements and recommendations. These analysis include SWOT and PESTEL analysis. Management tools like Porter's Five Forces model and benchmarking were also useful. 1.3. Limitations The accurate financial data of Indigo airlines could
Air India’s strategic relations with Lufthansa led to attainment of 19 slot pairs to Frankfurt. Air India shares code with 14 other airlines which provides it joint marketing and code sharing facilities. Through 180 Bilateral Agreements, Air India has obtained 38.09million seats (Singla 2009). Weakness 1) Slacking human resource management: Compared to other airlines whose plane-to-staff ratio is 150 and each cabin crew member works 70 hours a week, Air India’s is 210 and 50-55 hours a week respectively
Organisational strategies of 5 star hotels in India Organizational strategies are plans built for the achievement of long term objectives of a company(Johnson n.d.). This applies to hotels as well, they also plan such strategies to fulfil their goals. But before we go on to discussing what these strategies are, it is crucial to first enumerate all the basic goals in the first place. The general goals common for most hotels are expansion over larger geographical area, increasing the consumer base
Airline management- Critical Review of LCC vs Legacy Carrier Introduction The IATA,International Air Transport Association has forecast that global airline industry profits will reach $2.5 billion this year, as it recovers from the $9.4 billion loss in 2009 when the US and Europe battled their worst recession in decades. The country 's leading low-cost air carriers (LCCs) — IndiGo, SpiceJet and GoAir — are set to nearly double their fleet capacity over the next 17 months. This addition by LCCs