Is Kingfisher coming back?

There is absolutely no reason for Kingfisher to ever fly again. Why is the management still pretending it can be rescued? Kingfisher Airlines’ permit to fly expired yesterday as the management failed to come up with a convincing plan to bring in the necessary funds for a viable revival.

How many Kingfisher flights are there?

It flies domestic and international flights with more than 350 daily departures and connects over 60 cities in India and 10 international destinations. The airline is owned by Vijay Mallya and has gained a trustworthy and premium position in the market.

How did Kingfisher Airlines Fail?

KFA faced stiff competition, and its dream of making a fast buck lay shattered. KFA’s service deteriorated over time, and its customer shifted loyalties to better airlines. The downfall of KFA from being one of the best airlines in India is due to the lack of effective decision made by the team.

Did Kingfisher Airlines ever turn a profit?

Throughout its short career, Kingfisher Airlines never turned a profit. In some ways this is to be expected from a startup airline, but as time went on, the debt grew deeper and CEO Vijay Mallya and his team did nothing to turn things around. Despite all this, the real turning point came about in 2007,…

When will kingfisher fly internationally?

Under Indian law, an airline had to complete five years of domestic service and have a fleet of 20 aircraft before flying internationally. Since Kingfisher had only started flying in 2005, it would need to wait until at least 2010 before going international.

Was corporate ethics compromised in Kingfisher airlines-Deccan Aviation merger?

A probe by the Serious Fraud Investigation Office (SFIO) in India found that corporate ethics were compromised in the merger between Kingfisher Airlines and Deccan Aviation Limited. Kingfisher Airlines had created three new departments in the airline to avoid paying capital gains tax.

Why did kingfisher take over Air Deccan?

Despite all this, the real turning point came about in 2007, when Kingfisher bought out failing Air Deccan. The reason they did this was not only to acquire Deccan’s extensive domestic network, but also to get around the Indian rule that no airline in existence for less than five years is allowed to fly internationally.