Is Kingfisher Airlines coming back?

Kingfisher Airlines was established in 2003 and ceased operations when its license was cancelled on 20 October 2012. It is owned by the Bengaluru based United Breweries Group. The airline had shut down its operations when on 20 October 2012 the DGCA suspended its flying license.

What went wrong with Kingfisher Airlines?

He lacked the maturity to handle such a big airlines business and so, lack of correct proficiency and experience in the airline industry, kingfisher airlines suffered severe downfall due to lack of proper management. November 2015, Mr. Mallya suffered a total loss of Rs 9,091.40 crore. He took loan from 17 banks.

How can Kingfisher Airlines be saved?

2.] Reduce the skirt length of Kingfisher Airline Air Hostesses by 2 inches on loss making routes. The media would then describe this as a case of Kingfisher ‘Skirting the Issue’. Also offer complimentary Kingfisher Swimsuit Calendars to all flyers above the age of eighteen.

Who purchased Kingfisher Airlines?

Kingfisher House, the erstwhile headquarters of the now-defunct Kingfisher Airlines Ltd in Mumbai, which was founded by fugitive businessman Vijay Mallya, has been sold to Hyderabad-based Saturn Realters at Rs 52.25 crore — about one-third of its reserve price of Rs 135 crore.

How much will banks lose if Kingfisher Airlines is grounded?

Fourteen banks, 13 of which are public sector banks, stand to lose nearly Rs 4,300 crores on account of the loans they have advanced to the grounded Kingfisher Airlines. Of this amount, the State Bank of India, India’s largest bank and the biggest lender to the Kingfisher Airlines, expects to make a loss of over Rs 900 crore.

What will be the loss of Kingfisher Airlines to SBI?

Of this amount, the State Bank of India, India’s largest bank and the biggest lender to the Kingfisher Airlines, expects to make a loss of over Rs 900 crore. This was revealed in an internal assessment prepared by a senior SBI official in December 2016.

Is Kingfisher Airlines trademarked?

Kishfisher Airlines owns nine trademarks such as the airline’s trademark, logo, and taglines like “Fly Kingfisher” and “Fly the good times”. Their patent registration restricts their use to the airlines business only, and not to beer or water.

What is the market value of Kingfisher’s assets?

Analysing various assets pledged by Kingfisher as security against loans, the memorandum concludes that not only does the market value of these assets amount to just Rs 1,565 crore, but the recoverable value works out to only Rs 1,071.64 crore against an exposure of around Rs 4,457 crore.