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ameya · Posted: Thu Oct 04, 2012 8:57 am Post subject:

When the entire fiasco started in Nov, there were some voices in the private operators who said, let it die, we will take a one time hit on the balance sheet, its better than letting it live and keeping the balance sheet under strain forever

Banks / Oil Cos / AAI / Pvt operator / employees - None of them are going to get the money, its better they also stop getting the irritation of this situation

megatop747

Beleaguered Kingfisher Airlines will have to seek the nod of the Directorate-General of Civil Aviation (DGCA) before resuming operations after a partial shutdown, Civil Aviation Minister Ajit Singh said here on Wednesday.

Talking to reporters here, Mr. Singh said the DGCA had asked the crisis-ridden airline to submit a report on the airworthiness of its aircraft before resuming operations. “The DGCA will satisfy itself for the safety of the aircraft to undertake flights before it allows normal operations to resume. The aircraft safety certification has to come from the engineering wing and not from the airline’s administrative set-up,’’ a senior DGCA official remarked.

The airline would be using its current fleet - seven Airbus A-320s and two turbo-prop ATRs - to resume flights. The airline had been operating about 70-80 flights each day till it declared a partial lock-out on Monday, following a strike by engineers and pilots for non-payment of salaries since March.

The DGCA is likely to carry out an inspection on the safety and air worthiness of the aircraft, and submit an interim report to the Ministry shortly. The airline has also been asked to provide a certified report on the issue at the earliest. “We will only then take a decision on the airline's operations after the submission of the report. I have no idea on the implications of the safety issues on Kingfisher's flying licence as of now,’’ Mr. Singh added.

Src http://www.thehindu.com/business/companies/dgca-nod-must-for-kingfisher-to-resume-flights-ajit-singh/article3961623.ece

HAWK21M · Posted: Thu Oct 04, 2012 2:35 pm Post subject:

KFA is a typical example of a poorly run organisation,where un required positions were created,management that thought of themselves first rather than the organisation & everyone corrupt earned something extra thru small orders through out their service..........

If KFA shuts down and decides to relaunch one day a year ahead,VJM should choose the right people..........

Right now the best deal is to reduce the losses and close shop.........
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ameya · Posted: Thu Oct 04, 2012 2:52 pm Post subject:

I think KF is now history... let it be shut for good

747-237 · Posted: Thu Oct 04, 2012 2:55 pm Post subject:

What's the status of his 727 ?
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rajeev.jaya · Member Joined: 27 Aug 2012 Posts: 193 Location: Chennai

Kingfisher Airlines’ chief legal officer and company secretary Bharath Raghavan has resigned, sources told NDTV Profit, even as the management and the striking staff failed to reach an agreement over the deadlock that has kept the airline grounded since Monday.
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sumantra · Member Joined: 28 Oct 2007 Posts: 4685 Location: New Delhi

Jeh

Wife of Kingfisher employee commits suicide over salary problems - http://www.ndtv.com/article/cities/wife-of-kingfisher-employee-commits-suicide-over-his-salary-problems-275577?pfrom=home-topstories

The bastard. How many more will it take before he locates a conscience?

The_Goat

Aiel · Member Joined: 19 Dec 2006 Posts: 927 Location: Bangalore

His 319 is still around, but its tail (which was previously painted in IT colours) has been painted with a swish design.
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ssbmat · Member Joined: 20 Dec 2006 Posts: 1710

ameya · Posted: Fri Oct 05, 2012 9:25 am Post subject:

Why cant the banks cash in on his properties which have been legally tied up as collaterals ?

Initially use that to settle the payment of employees and then go one by one with others.

Even if somebody is investing, now the aircraft lessors are not going to come and help VJM or Kingfisher in whatever form the entity would be in

d3vski · Posted: Fri Oct 05, 2012 9:00 pm Post subject:

Some people have questioned the wisdom of the employees continuing without pay for the last 6 months but have any of you ever known anyone who is closely involved in working at an Indian airline?

If yes, then you will know what walking out on the employer means? It means that the employer has a veto over you if you choose to continue working with in the aviation industry in India. Kingfisher have not been shut down by the authorities which mean that if an employee leaves to join another carrier, they need kingfishers permission in the form of them issuing a 'no objection certificate' which puts Kingfisher in an incredibly powerful position because if employees do not turn up....they can kiss their aviation careers good bye because without a NO OBJECTION CERTIFICATE, they unemployable within India.

This is another example of stupid regulations that the government has in place and that prized certificate is something which would make any pilot, engineer, cabin crew, ground staff turn up for work. If they do not then it is professional suicide.

sammyk · Posted: Fri Oct 05, 2012 9:25 pm Post subject:

Wow, that is ridiculous. That explains that I guess.

Is this only in the aviation industry or is it a general law/rule in India?

The_Goat · Posted: Fri Oct 05, 2012 9:26 pm Post subject:

d3vski · Posted: Fri Oct 05, 2012 9:39 pm Post subject:

747-237 · Posted: Sat Oct 06, 2012 11:04 am Post subject:

Headline on TOI.com's front page:

"Kingfisher Airlines gets ‘closure’ notice from DGCA "

http://timesofindia.indiatimes.com/india/Kingfisher-Airlines-gets-DGCA-notice-may-lose-flying-licence/articleshow/16693107.cms
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d3vski · Posted: Sat Oct 06, 2012 2:17 pm Post subject:

G-BYGB · Posted: Sat Oct 06, 2012 10:06 pm Post subject:

The sad part of this endless struggle by IT employees for their salary dues is that the KF management has the guts to threaten them with legal notice and call them 'Criminals'.

I feel VJM has lost all his moral rights to run an airline.
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HAWK21M · Posted: Mon Oct 08, 2012 2:36 pm Post subject:

The job market in Aviation is tough today.....no jobs available.......most of the KF employees hoped of a recovery due the the VJM name.....but that was not to be.......some who got options moved on.........

things look tough for the airline though.
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iah87 · Member Joined: 17 Apr 2007 Posts: 2567

http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-violates-regulations-by-opening-ticket-sales-dgca-wants-it-to-stop-bookings/articleshow/16723883.cms

Any one still buying KF tickets and then complain about cancelled flights must be a bigger fool than DGCA, which is constantly warning but not taking any action.

luvleen · Member Joined: 02 Jul 2012 Posts: 179 Location: Bombay

Banks likely to give Kingfisher Airlines two months to salvage itself

http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/banks-likely-to-give-kingfisher-airlines-two-months-to-salvage-itself/articleshow/16717065.cms

According to this article, IT is in talks with a middle-east airline and we should hear something in a month or so.. Just another load of bullsh*t from IT or is there any corroboration? (If it is indeed true then IT would surely have to sell the stake at a much lower value to make itself more attractive to the investor in which case IT would surely be getting the short end of the stick)..

aeroblogger · Posted: Tue Oct 09, 2012 2:19 am Post subject:

ssbmat · Member Joined: 20 Dec 2006 Posts: 1710

VJM 's brazen charade over the past few months makes NG's melodramatic boohoo over jr Jet crew layoff (a few summers ago) sound utterly authentic.. Rolling Eyes

747-237 · Posted: Tue Oct 09, 2012 10:30 am Post subject:

d3vski · Posted: Tue Oct 09, 2012 1:20 pm Post subject:

Being the eternal optimist, her's hoping that today's announcement that Qatar Airways are joining Oneworld, that they are prepared to invest in Oneworld elect Kingfisher. Between them and Oneworld, they would have the market wrapped around their little fingers.

Qatar have key cities in India and with Kingfisher, they would have one stop solutions from Doha and two stop solutions to every single town in India from the rest of the world.

Qatar would have a high service standard Indian domestic feeder operation and Kingfisher would have much needed funds.

I now need to wake up from my dream!

Jaysit · Member Joined: 19 Dec 2006 Posts: 4346

PAL@YWG · Posted: Tue Oct 09, 2012 10:26 pm Post subject:

sumantra · Member Joined: 28 Oct 2007 Posts: 4685 Location: New Delhi

HAWK21M · Posted: Wed Oct 10, 2012 4:34 pm Post subject:

Interestingly VJM's ACJ does not have much similarity to the KF Livery anymore Wink

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747-237 · Posted: Wed Oct 10, 2012 4:48 pm Post subject:

Devesh

I normally do not post my articles, but this one, I hope, is read by more than a few print and TV journalists.

http://www.bangaloreaviation.com/2012/10/kingfisher-airlines-diverting-medias.html

747-237 · Posted: Thu Oct 11, 2012 11:21 am Post subject:

Kingfisher Airlines shifts booking date to October 20

Kingfisher Airlines has moved its booking timetable on its website to October 20, with a prominent disclaimer warning, "All flights are subject to regulatory approval".

http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-shifts-booking-date-to-october-20/articleshow/16764386.cms
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iah87 · Member Joined: 17 Apr 2007 Posts: 2567

The banks are their own worst enemy. They are resurrecting KF and not holding KF accountable to the amount they lend. As long as the banks and DGCA are lenient, KF will continue to survive. Now what happens after the employees get 1 to 2 months salary, they will now work for another 3 to 5 months for free, but will start agitating again. Better to cut the chord now, DGCA and GOI can then figure out how to pay the employees part of their salary separately.

aeroblogger · Posted: Fri Oct 12, 2012 7:52 am Post subject:

me111993 · Member Joined: 04 Sep 2009 Posts: 3225 Location: MAA/AMD

747-237 · Posted: Fri Oct 12, 2012 2:59 pm Post subject:

Non-bailable warrant issued against Vijay Mallya for bounced cheque

Vijay Mallya has been issued a non-bailable warrant by a Hyderabad court for a case filed by airport builders GMR. Five more NBWs have been issued in the name of Kingfisher Airlines' management.

Mr Mallya's Kingfisher Airlines owes more than Rs. 40 crore to the Delhi airport, which is run by GMR.

A cheque for Rs. 10 crore issued by KFA to GMR towards this payment has bounced.

http://www.ndtv.com/article/india/non-bailable-warrant-issued-against-vijay-mallya-for-bounced-cheque-278864
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747-237 · Posted: Fri Oct 12, 2012 3:02 pm Post subject:

Kingfisher flights in doubt as online sales halted

India's Kingfisher Airlines has stopped selling tickets on its website through Oct. 20, casting doubt on its promise to end a two week shutdown Friday.

http://www.businessweek.com/ap/2012-10-12/kingfisher-likely-to-halt-flights-through-oct-dot-20
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luvleen · Member Joined: 02 Jul 2012 Posts: 179 Location: Bombay

IT's management has called the representatives of striking pilot for a meeting on Monday.. I have a sneaky suspicion that they'll dangle some juicy carrot which the employees will gobble up (yet again).. Once the employees are back and IT is up and running, Mallya's warrant will come to nothing (as if it meant anything in the first place) enabling him to come to India and attend the Indian Grand Prix in two weeks time..

747-237 · Posted: Mon Oct 15, 2012 5:16 pm Post subject:

While Flightglobal remains one of the better sources of info out there, this might be a stretch:

The airline had two aircraft - an Airbus A320 and an A319 - when it was grounded, according to data in Flightglobal Pro.

http://www.flightglobal.com/news/articles/kingfisher-extends-grounding-to-20-oct-as-dgca-deadline-looms-377635/
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