Airliners-India Forum Index Airliners-India
Flickr Group & Facebook
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Kingfisher Airlines NEWS -- Part 7
Goto page Previous  1, 2, 3, 4, 5, 6, 7  Next
 
Post new topic   Reply to topic    Airliners-India Forum Index -> Civil Aviation
View previous topic :: View next topic  
Author Message
harshwcam3
Member


Joined: 18 Oct 2012
Posts: 114

PostPosted: Tue Aug 27, 2013 3:34 am    Post subject: Reply with quote

What happened to that x thousand crores which the fat one got by selling a stake in UB to diageo. Did he throw a party with it or gave it to his boy wonder.
Back to top
View user's profile Send private message
G-BYGB
Member


Joined: 21 Dec 2006
Posts: 1813
Location: Bangalore/Delhi

PostPosted: Tue Aug 27, 2013 11:55 am    Post subject: Reply with quote

d3vski wrote:


In all reality, the alarm bells should have become deafening when Kingfisher bought Air Deccan and that was in 2008.



The other main factor is going at an accelerating speed in announcing several International routes to Europe and the US, that did not get started at all.

Ordering A380 super jumbos, A340-500s and the A350s were uncalled for during that time, when their domestic operations were not doing successfully.

It seems to me like Kingfisher Airlines existed only for show and not for being profitable in the Airline business.

Like you have mentioned, Kingifisher had the best product and services required in this sector but Mallaya's priorities went elsewhere like the IPL, F1 and took other wrong business decisions.
_________________
www.flickr.com/G-BYGB photos
Back to top
View user's profile Send private message
747-237
Member


Joined: 11 Jun 2007
Posts: 11025
Location: Gordon Gekko's Boardroom

PostPosted: Sat Aug 31, 2013 5:02 pm    Post subject: Reply with quote

One of the IT A320s stored at Bangalore, VT-ADV, has been ferried to Seletar, Singapore.
She was one of Air Deccan's original aircraft, and then wore Simplifly Deccan and Kingfisher Red titles.
_________________
11000 posts (and counting) on Airliners-India.

Back to top
View user's profile Send private message
TKMCE
Member


Joined: 27 Feb 2007
Posts: 957

PostPosted: Sun Sep 01, 2013 3:56 pm    Post subject: Reply with quote

Yes one of the original 180 all Y configuration a/c . 2005 vintage but delivered new then to DN. Leased from SALE (now BOC).
Back to top
View user's profile Send private message
Spiderguy252
Member


Joined: 10 Aug 2007
Posts: 4259
Location: Indian Ocean

PostPosted: Mon Sep 02, 2013 12:32 pm    Post subject: Reply with quote

G-BYGB wrote:
Like you have mentioned, Kingifisher had the best product and services required in this sector but Mallaya's priorities went elsewhere like the IPL, F1 and took other wrong business decisions.


Not that they've been stupendous success stories either, I hear the F1 race for 2014 and onwards have been canned.
_________________
Yeah.
Back to top
View user's profile Send private message Send e-mail Visit poster's website
jbalonso777
Member


Joined: 05 Jul 2012
Posts: 1501
Location: Never, never land

PostPosted: Mon Sep 02, 2013 12:40 pm    Post subject: Reply with quote

Spiderguy252 wrote:
Not that they've been stupendous success stories either, I hear the F1 race for 2014 and onwards have been canned.


Its like this: the organizing committee of the Indian GP wanted a slot among the early-in-the-season Asian races (right now, they are Malaysia, China, Bahrain). As of 2013 (and '11, '12), the Indian GP is in the late-season Asian races (Singapore, Japan, Korea, India, Abu Dhabi).
So the organizers found it difficult to host a race in October 2014, then in April 2015.
The Indian GP has been scrapped for 2014, and will return in early 2015, depending of course, on all that tax and customs stuff.

Regards
Jish
_________________
http://www.youtube.com/c/JishnuBasu777
Back to top
View user's profile Send private message Visit poster's website
d3vski
Member


Joined: 17 Apr 2009
Posts: 440
Location: In the First Class lounge.....

PostPosted: Mon Sep 02, 2013 2:31 pm    Post subject: Reply with quote

The race has been canned in 2014 so that it can return in as an early season race in 2015. The indian GP is a firm favourite of the drivers although it really irks me when all the F1 world refer the track as the BuddhA circuit when it is only Buddh!!!

If it is scheduled for March 2015, I'll be over the moon as it ties in nicely with my annual trips to India.
Back to top
View user's profile Send private message
747-237
Member


Joined: 11 Jun 2007
Posts: 11025
Location: Gordon Gekko's Boardroom

PostPosted: Mon Sep 02, 2013 7:11 pm    Post subject: Reply with quote

http://www.livemint.com/Companies/N3d8OeqfZFPBFjk8gyqptN/Kingfisher-files-suit-for-234-mn-claim-from-aircraft-engine.html

Kingfisher files $234 mn lawsuit against US-based aircraft engine maker

Sep 02 2013

United Breweries (Holdings) Ltd, the holding company of grounded Kingfisher Airlines Ltd, has filed a lawsuit against aircraft engine maker International Aero Engines AG claiming $234 million in damages, the airline said in its 2012-13 annual report released on Monday.

In a suit filed in a civil court in Bangalore, United Breweries has said the IAE V-2500 A5 engines supplied by the US-based company to Kingfisher Airlines were “inherently defective, both in design and manufacture.”

The airline has claimed $210 million plus $24.56 million in damages, and reserved liability to claim further damages.



Kingfisher also said it is in discussions with a potential investor for a two-phased revival plan.

According to the annual report, phase 1 of the recovery (a limited restart plan) involved restarting the airline’s operations with a limited fleet of seven aircraft (five Airbus and two ATR planes), gradually increasing to 21 aircraft (10 Airbus and 11 ATRs) in 3-4 months.

_________________
11000 posts (and counting) on Airliners-India.

Back to top
View user's profile Send private message
iah87
Member


Joined: 17 Apr 2007
Posts: 2551

PostPosted: Mon Sep 02, 2013 11:36 pm    Post subject: Reply with quote

http://timesofindia.indiatimes.com/business/india-business/Vijay-Mallya-blames-all-but-himself-for-Kingfisher-woes/articleshow/22231559.cms

VJM is blaming everyone but himself. However if the airline was successful he would taken credit. The least he can do is pay part of the salary arrears.

I know EK wants more seats to India since they have maxed out, but for them investing in Spicejet is more sensible than KF which has a ton of debts.
Back to top
View user's profile Send private message
ameya
Member


Joined: 09 May 2007
Posts: 3671
Location: Pune,Maharashtra

PostPosted: Tue Sep 03, 2013 10:24 am    Post subject: Reply with quote

All these things are old.

yesterday they sent out their annual report and first few pages mention this law suit. This was filed over a year ago

News reporters are jumping on this after reading first few pages and making a news item of out it
Back to top
View user's profile Send private message
sukritmunjal
Member


Joined: 23 Jan 2013
Posts: 178
Location: FMO

PostPosted: Tue Sep 03, 2013 11:11 am    Post subject: Reply with quote

iah87 wrote:
http://timesofindia.indiatimes.com/business/india-business/Vijay-Mallya-blames-all-but-himself-for-Kingfisher-woes/articleshow/22231559.cms

VJM is blaming everyone but himself. However if the airline was successful he would taken credit. The least he can do is pay part of the salary arrears.


And the ticket refunds Very Happy
Back to top
View user's profile Send private message
sri_bom
Member


Joined: 22 Dec 2006
Posts: 2365
Location: Singapore

PostPosted: Tue Sep 03, 2013 2:35 pm    Post subject: Reply with quote

Kingfisher Airlines in talks with one potential investor: Annual Report
News
3-Sep-2013 10:05 AM

Kingfisher Airlines chairman Vijay Mallya said the carrier was in talks with one potential investor as of 14-Aug-2013 to fund its resumption of operations (PTI/Bloomberg, 02-Sep-2013). He noted the company remains in dialogue with “several investors and believes that there is a rationale for investment for various strategic and non-strategic investors. As on the date of this report, your company is engaged in discussions with one such potential investor.” Vijay Mallya has reportedly outlined why the carrier would be a good investment target, as follows:

1. Will give any investor a foothold in one of the fastest growing aviation markets in the world, that is India;
2. Growing importance of aviation in policy making, such as opening up of Indian aviation industry to foreign airline investments;
3. New airports and other aviation infrastructure coming up;
4. Kingfisher’s promoters are willing to continue support for the airline’s revival;
5. Valuation of Kingfisher is “very attractive” at the moment;
6. Brand Kingfisher, where a recent brand valuation conducted by Grant Thornton put the brand value at USD550 million once the airline business becomes operational;
7. Scheduled Air Operator’s Permit (SOP) which can be renewed anytime within two years by capitalising the airline in line with the revival plan submitted to DGCA;
8. Kingfisher has 12 aircraft and is “confident of” acquiring additional aircraft during the ramp up;
9. Senior and mid level managers and sufficient number of pilots, engineers, dispatchers still on Kingfisher’s rolls to operate up to 20 aircraft. Additional staff can be hired as the airline business ramps up;
10. Ground handling equipment and aircraft spares to support the fleet;
11. Access to most of the premium slots besides curbside and ramp space at various airports.
Back to top
View user's profile Send private message Yahoo Messenger MSN Messenger
sri_bom
Member


Joined: 22 Dec 2006
Posts: 2365
Location: Singapore

PostPosted: Tue Sep 03, 2013 2:38 pm    Post subject: Reply with quote

Kingfisher Airlines seeks USD236m in damages from International Aero Engines
News
3-Sep-2013 9:45 AM
United Breweries (Holdings) Ltd filed a USD236 million lawsuit for damages to Kingfisher Airlines from International Aero Engines AG citing engine defects (PTI/Economic Times, 02-Sep-2013). The lawsuit alleged the supply of "inherently defective" V2500 A5 engines, with the suit filed in the City Civil Court at Bangalore. The suit alleges that the engines were "inherently defective, both in design and manufacture". IAE communications manager Heather Waldron said only, "IAE cannot comment on pending litigation".
Back to top
View user's profile Send private message Yahoo Messenger MSN Messenger
HAWK21M
Member


Joined: 19 Dec 2006
Posts: 8132
Location: Mumbai, INDIA

PostPosted: Tue Sep 03, 2013 11:22 pm    Post subject: Reply with quote

How is VJM going to prove his case with IAE.
_________________
Think of the Brighter side !!!
Back to top
View user's profile Send private message Send e-mail Visit poster's website AIM Address Yahoo Messenger MSN Messenger
sri_bom
Member


Joined: 22 Dec 2006
Posts: 2365
Location: Singapore

PostPosted: Wed Sep 04, 2013 2:22 pm    Post subject: Reply with quote

Kingfisher Airlines CEO receives nearly USD591,000 salary in 2012/2013, headcount halves
News
4-Sep-2013 10:27 AM
Kingfisher Airlines, in a note of its annual report, revealed that CEO Sanjay Aggarwal was paid a remuneration of nearly INR40 million (USD590,630) for the the 2012-2013 fiscal year, which "excludes accrued leave encashment and gratuity since the same have been recognised for the company as a whole and cannot be determined at an employee level" (The Hindu Business Line/Hindustan Times/PTI, 03-Sep-2013). Mr Aggarwal is also "entitled to free use of the company car and telephone". At least five Kingfisher employees received annual packages of worth INR10 million (USD147,000) or more in 2012-13, while as many as 44 staff members obtained monthly salaries of got a monthly salary of INR500,000 (USD7350) and more, according to the latest annual report. According to the report, Kingfisher Airlines had 2851 employees, 50% less than the 5696 employees in the previous financial year. This resulted in overall employee expenses declining 48%. The airline also said that it still has enough senior and mid-level managers and a sufficient number of pilots, engineers and dispatchers to operate up to 20 aircraft.
Back to top
View user's profile Send private message Yahoo Messenger MSN Messenger
HAWK21M
Member


Joined: 19 Dec 2006
Posts: 8132
Location: Mumbai, INDIA

PostPosted: Thu Sep 05, 2013 3:28 pm    Post subject: Reply with quote

Whats amazing is all the top brass keep getting jobs wherever they go....
_________________
Think of the Brighter side !!!
Back to top
View user's profile Send private message Send e-mail Visit poster's website AIM Address Yahoo Messenger MSN Messenger
Optimus.Prime
Member


Joined: 21 Dec 2009
Posts: 302
Location: VAJJ (No, not Va-Jay-Jay)

PostPosted: Thu Sep 05, 2013 9:10 pm    Post subject: Reply with quote

HAWK21M wrote:
Whats amazing is all the top brass keep getting jobs wherever they go....


Exactly! My thoughts too! Look at 9Ws new CEO Toomey. Wasn't he along with Hogan responsible for the mess at Ansett Australia? A few years down the line, Hogan heads Massa and Toomey heads the slave girl. Kudos!
_________________
Why can't Donuts be square?
Back to top
View user's profile Send private message
Jeh
Member


Joined: 06 Apr 2010
Posts: 669
Location: Delhi, India

PostPosted: Thu Sep 05, 2013 9:28 pm    Post subject: Reply with quote

Optimus.Prime wrote:
HAWK21M wrote:
Whats amazing is all the top brass keep getting jobs wherever they go....


Exactly! My thoughts too! Look at 9Ws new CEO Toomey. Wasn't he along with Hogan responsible for the mess at Ansett Australia? A few years down the line, Hogan heads Massa and Toomey heads the slave girl. Kudos!


This is hardly unique to aviation. I hardly know where to begin, but here's one of my favourite examples. Tony Hayward, who was forced to step down as CEO of BP following the Deepwater Horizon oil spill, was hired a year later by Glencore, the world's largest commodities trading company, to lead their Environment, Health and Safety Committee.

This is, alas, how the world works.
Back to top
View user's profile Send private message
HAWK21M
Member


Joined: 19 Dec 2006
Posts: 8132
Location: Mumbai, INDIA

PostPosted: Fri Sep 06, 2013 12:34 am    Post subject: Reply with quote

Jeh wrote:
Optimus.Prime wrote:
HAWK21M wrote:
Whats amazing is all the top brass keep getting jobs wherever they go....


Exactly! My thoughts too! Look at 9Ws new CEO Toomey. Wasn't he along with Hogan responsible for the mess at Ansett Australia? A few years down the line, Hogan heads Massa and Toomey heads the slave girl. Kudos!


This is hardly unique to aviation. I hardly know where to begin, but here's one of my favourite examples. Tony Hayward, who was forced to step down as CEO of BP following the Deepwater Horizon oil spill, was hired a year later by Glencore, the world's largest commodities trading company, to lead their Environment, Health and Safety Committee.

This is, alas, how the world works.


I guess its all about contacts.....
_________________
Think of the Brighter side !!!
Back to top
View user's profile Send private message Send e-mail Visit poster's website AIM Address Yahoo Messenger MSN Messenger
TKMCE
Member


Joined: 27 Feb 2007
Posts: 957

PostPosted: Fri Sep 06, 2013 10:18 am    Post subject: Reply with quote

Quote:
I guess its all about contacts.....


I agree. In aviation industry, it is so very often "who you know" and not "what you know" which makes all the difference in getting that dream job Mad
Back to top
View user's profile Send private message
Optimus.Prime
Member


Joined: 21 Dec 2009
Posts: 302
Location: VAJJ (No, not Va-Jay-Jay)

PostPosted: Fri Sep 06, 2013 10:45 am    Post subject: Reply with quote

TKMCE wrote:
Quote:
I guess its all about contacts.....


I agree. In aviation industry, it is so very often "who you know" and not "what you know" which makes all the difference in getting that dream job Mad


True, but when it comes to management, I've noticed it also about "Who wants you there" and "Who\s playing you like a harp" which are rather more important questions.
_________________
Why can't Donuts be square?
Back to top
View user's profile Send private message
747-237
Member


Joined: 11 Jun 2007
Posts: 11025
Location: Gordon Gekko's Boardroom

PostPosted: Tue Sep 10, 2013 8:04 pm    Post subject: Reply with quote

One of the IT ATR-72s stored at MAA, VT-KAL, has been ferried out to Seletar, Singapore.
_________________
11000 posts (and counting) on Airliners-India.

Back to top
View user's profile Send private message
747-237
Member


Joined: 11 Jun 2007
Posts: 11025
Location: Gordon Gekko's Boardroom

PostPosted: Thu Sep 12, 2013 9:35 pm    Post subject: Reply with quote

http://www.newstrackindia.com/newsdetails/2013/09/12/393--Mallya-battles-against-winding-up-Kingfisher-.html

Mallya battles against winding up Kingfisher

12 Sep 2013

Debt-ridden Kingfisher Airlines' beleaguered chairman Vijay Mallya is battling against aircraft lessors and financiers who moved the Karnataka High Court for winding up the company for defaulting on loans by his holding company - United Breweries Holdings Ltd.

"As the cases are in the high court and the matter is under sub judice, I will not be able to comment. Though five winding up petitions are before the company court, we are in talks with two of them for out of court settlements," Mallya told reporters on the margins of the company's 97th annual general meeting (AGM) here.

Asserting that the Rs.250 crore the holding company had deposited in the court would take care of the winding up petitions, Mallya said serious claims were only from three of the five petitioners.

"We are not in favour of winding-up as we are continuing our efforts to review the airline," Mallya said.

_________________
11000 posts (and counting) on Airliners-India.

Back to top
View user's profile Send private message
HAWK21M
Member


Joined: 19 Dec 2006
Posts: 8132
Location: Mumbai, INDIA

PostPosted: Thu Sep 12, 2013 10:46 pm    Post subject: Reply with quote

Its becomming a matter of pride/prestige for VJM.....Else which investor would want to take this loss on hand......
_________________
Think of the Brighter side !!!
Back to top
View user's profile Send private message Send e-mail Visit poster's website AIM Address Yahoo Messenger MSN Messenger
The_Goat
Member


Joined: 03 Mar 2007
Posts: 3257
Location: South of France

PostPosted: Thu Sep 12, 2013 10:56 pm    Post subject: Reply with quote

TKMCE wrote:
Yes one of the original 180 all Y configuration a/c . 2005 vintage but delivered new then to DN. Leased from SALE (now BOC).


2005 built is 'vintage' already???

If this is the accepted thinking amongst Indian carriers then its small wonder that all of them are in the toilet financially!
_________________
I don't know which is the more pampered bunch : AI's widebodies (the aunties) or Jet's widebodies (the planes).
-Jasepl
Back to top
View user's profile Send private message
Jeh
Member


Joined: 06 Apr 2010
Posts: 669
Location: Delhi, India

PostPosted: Fri Sep 13, 2013 9:08 am    Post subject: Reply with quote

The_Goat wrote:
TKMCE wrote:
Yes one of the original 180 all Y configuration a/c . 2005 vintage but delivered new then to DN. Leased from SALE (now BOC).


2005 built is 'vintage' already???

If this is the accepted thinking amongst Indian carriers then its small wonder that all of them are in the toilet financially!


The words '2005 vintage' are just another (slightly informal) way of saying the plane was built in 2005. The adjective 'vintage' doesn't imply that the plane is old or derelict. Check out entry 3 in this link - http://www.merriam-webster.com/dictionary/vintage.
Back to top
View user's profile Send private message
747-237
Member


Joined: 11 Jun 2007
Posts: 11025
Location: Gordon Gekko's Boardroom

PostPosted: Sat Sep 14, 2013 6:32 pm    Post subject: Reply with quote

Kingfisher Airlines gets four weeks time for submitting revival plan

http://timesofindia.indiatimes.com/business/india-business/Kingfisher-Airlines-gets-four-weeks-time-for-submitting-revival-plan/articleshow/22581504.cms
_________________
11000 posts (and counting) on Airliners-India.

Back to top
View user's profile Send private message
Nimish
Member


Joined: 16 Dec 2006
Posts: 9757
Location: Bangalore, India

PostPosted: Sat Sep 14, 2013 6:37 pm    Post subject: Reply with quote

747-237 wrote:
Kingfisher Airlines gets four weeks time for submitting revival plan


Yet another master stroke from VJM to delay any decisions. We all know that there's no revival possible, and that the lenders/ creditors are going to lose pots of money Sad. However instead of letting the inevitable happen, VJM again manages to delay things.
_________________
We miss you Nalini!
Back to top
View user's profile Send private message Send e-mail Yahoo Messenger MSN Messenger
theflyingsikh
Member


Joined: 08 May 2010
Posts: 551
Location: United Kingdom

PostPosted: Sat Sep 14, 2013 7:24 pm    Post subject: Reply with quote

This news apart.

I can't get over the number of spelling mistakes this news article contains.
_________________
Aerosexual...!
Back to top
View user's profile Send private message
ameya
Member


Joined: 09 May 2007
Posts: 3671
Location: Pune,Maharashtra

PostPosted: Mon Sep 16, 2013 10:14 am    Post subject: Reply with quote

Well the team internally has started working on submitting a proposal for revival.

Interestingly, the CEO has shifted to Miami and is working out of there or may I say is accessing emails from there, considering there is no work !
Back to top
View user's profile Send private message
747-237
Member


Joined: 11 Jun 2007
Posts: 11025
Location: Gordon Gekko's Boardroom

PostPosted: Wed Sep 25, 2013 1:51 am    Post subject: Reply with quote

http://www.deccanherald.com/content/359174/kingfisher-plans-rope-investor-90.html

Kingfisher plans to rope in investor in 90 days

Sep 24, 2013

Kingfisher Chairman Vijay Mallya on Tuesday said that the airline is in discussion with a foreign investor to revive the beleaguered carrier and added that he expects some positive outcome in 90 days.

“We have submitted three different restart plans to the DGCA but have not heard back from them, however, we gather informally that they would like to see a full recapitalisation plan. In our current discussions with an interested investor we are focusing on that,” Mallya said.

He added that all he can say is that it is a foreigner, but was not at liberty to give further details because of strict confidentiality clauses.

“I expect this to take some form or shape in about 90 days which is my own estimate and it could take longer or happen even earlier.”

Declining further details, Mallya said that given all that has been speculated upon, this investor is very sensitive to identities being revealed, so, “let's give it a good try to get Kingfisher Airlines restarted and not have a situation wherein another investor has been driven away because of statements taken by somebody or actions taken by somebody or speculations in the media.”

_________________
11000 posts (and counting) on Airliners-India.

Back to top
View user's profile Send private message
747-237
Member


Joined: 11 Jun 2007
Posts: 11025
Location: Gordon Gekko's Boardroom

PostPosted: Wed Sep 25, 2013 6:19 pm    Post subject: Reply with quote

Mallya blames employees for grounding of Kingfisher

http://newindianexpress.com/business/news/Mallya-blames-employees-for-grounding-of-Kingfisher/2013/09/25/article1802334.ece
_________________
11000 posts (and counting) on Airliners-India.

Back to top
View user's profile Send private message
harshwcam3
Member


Joined: 18 Oct 2012
Posts: 114

PostPosted: Wed Sep 25, 2013 8:57 pm    Post subject: Reply with quote

747-237 wrote:
Mallya blames employees for grounding of Kingfisher

http://newindianexpress.com/business/news/Mallya-blames-employees-for-grounding-of-Kingfisher/2013/09/25/article1802334.ece


The fat one must have had too much to drink before this genius of a thought.
Back to top
View user's profile Send private message
747-237
Member


Joined: 11 Jun 2007
Posts: 11025
Location: Gordon Gekko's Boardroom

PostPosted: Thu Sep 26, 2013 8:56 pm    Post subject: Reply with quote

One of the IT A321s stored at Bombay, VT-KFN, has been ferried out to Istanbul.
_________________
11000 posts (and counting) on Airliners-India.

Back to top
View user's profile Send private message
Jaysit
Member


Joined: 19 Dec 2006
Posts: 4346

PostPosted: Thu Sep 26, 2013 10:58 pm    Post subject: Reply with quote

747-237 wrote:
Mallya blames employees for grounding of Kingfisher

http://newindianexpress.com/business/news/Mallya-blames-employees-for-grounding-of-Kingfisher/2013/09/25/article1802334.ece


Flog him, flog him now.
Back to top
View user's profile Send private message
sri_bom
Member


Joined: 22 Dec 2006
Posts: 2365
Location: Singapore

PostPosted: Sun Sep 29, 2013 10:12 am    Post subject: Reply with quote

Kingfisher Airlines employees defer planned hunger strike
News
27-Sep-2013 10:48 AM
Kingfisher Airlines employees have reportedly deferred plans to conduct a hunger strike, initially scheduled for 26-Sep-2013, until further details on a Karnataka High Court on partial salary payment and confirmation by the carrier that it is in talks with a foreign investor on its potential revival (CNBC-TV18/First Post, 26-Sep-2013).
Back to top
View user's profile Send private message Yahoo Messenger MSN Messenger
sammyk
Member


Joined: 20 Dec 2006
Posts: 2719
Location: Austin, TX

PostPosted: Sun Sep 29, 2013 7:39 pm    Post subject: Reply with quote

The hunger strike will be postponed until after the buffet lunch.
Back to top
View user's profile Send private message Yahoo Messenger
The_Goat
Member


Joined: 03 Mar 2007
Posts: 3257
Location: South of France

PostPosted: Mon Sep 30, 2013 12:20 am    Post subject: Reply with quote

sri_bom wrote:
Kingfisher Airlines employees defer planned hunger strike
News
27-Sep-2013 10:48 AM
Kingfisher Airlines employees have reportedly deferred plans to conduct a hunger strike, initially scheduled for 26-Sep-2013, until further details on a Karnataka High Court on partial salary payment and confirmation by the carrier that it is in talks with a foreign investor on its potential revival (CNBC-TV18/First Post, 26-Sep-2013).


Why are these employees backing down?

Why don't they go all out and file criminal charges against an employer who has kept them in slave like conditions for months?

Who believes this poppycock about 'revival' and 'potential foreign investor'? Certainly not anyone with a functional brain cell!
_________________
I don't know which is the more pampered bunch : AI's widebodies (the aunties) or Jet's widebodies (the planes).
-Jasepl
Back to top
View user's profile Send private message
747-237
Member


Joined: 11 Jun 2007
Posts: 11025
Location: Gordon Gekko's Boardroom

PostPosted: Mon Sep 30, 2013 1:00 am    Post subject: Reply with quote

As on date, out of the 12 aircraft of Kingfisher Airlines still in the country, nine are owned by Cayman Islands-based lessors and three are owned directly by Kingfisher Airlines. KF Turbo Leasing owns six such planes, while CJ Leasing (Cayman) owns one and TP Leasing (Cayman) owns two. Interestingly, CJ Leasing (Cayman) and TP Leasing are registered with the same address in the Cayman Islands.

Apart from the Kingfisher Airlines aircraft, CJ Leasing (Cayman) also owns the private jet of Vijay Mallya.



http://www.financialexpress.com/news/kingfisher-airlines-under-cbi-lens-over-aircraft-lease-loans/1176033/0
_________________
11000 posts (and counting) on Airliners-India.

Back to top
View user's profile Send private message
flyjet787
Member


Joined: 26 Jan 2010
Posts: 282

PostPosted: Mon Sep 30, 2013 10:11 pm    Post subject: Reply with quote

Kingfisher Airlines under CBI lens over aircraft lease loans

Mallya’s grounded Kingfisher Airlines is facing fresh trouble with the Central Bureau of Investigation’s needle of suspicion turning towards it for allegedly misusing the aircraft sale and lease-back model to siphon off bank funds of around R2,200 crore.

http://www.financialexpress.com/news/kingfisher-airlines-under-cbi-lens-over-aircraft-lease-loans/1176033?r
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Airliners-India Forum Index -> Civil Aviation All times are GMT + 5.5 Hours
Goto page Previous  1, 2, 3, 4, 5, 6, 7  Next
Page 3 of 7

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © phpBB Group. Hosted by phpBB.BizHat.com