OK, so it's not Pan Am. Or even Eastern. And there are complications with the beer of the same name. On second thought ...
Repossessing aircraft leased to Kingfisher would seem like a simple matter. But Indian courts could stand in the way, and this development could impact future leasing deals for other Indian airlines.
The plan might be approved with the official financial backing of UB Group, but attracting customers turned off by bad memories will be difficult in India’s increasingly competitive market.
Vijay Mallya blames the Indian government for not adjusting regulations in time for him to attract foreign investors before his airline was grounded, but, in reality, his poor management is at the core of Kingfisher’s troubles.
Without providing information on new financing, Kingfisher's operating license will expire, although it can seek reinstatement if the airline can find an investor.
After months of Kingfisher working on a revival plan that would bring the airline back from the grave, it appears the executives are as puzzled as everyone else on how this will ever happen.
Thanks to Kingfisher’s slow demise throughout the year, both Indigo and Air India were able to substantially increase their market share despite fewer flyers buying fares.
And now Etihad is looking at Kingfisher, instead of Jet as was reported earlier last month. For now, the turmoil and uncertainty in India skies will continue.
There’s almost no chance outside investors will step in to save the ailing airline when even owner Vjiay Mallya is hesitant to divert funds into its resurrection.
An entire segment of Indian travelers are looking for a new carrier and Air India’s artwork will aid it in branding itself as a more refined, established service in comparison to the budget airlines.