Articles tagged “kingfisher”

The striking employees relayed mixed signals on the process of meetings with management, but Kingfisher’s problems aren’t close to over even if employees are paid withheld salaries and return to work.

Mallya is now liquidating any and all of his assets to cover personal and business debts, but even if they are resolved and Kingfisher makes a turnaround, his reputation will likely never be repaired.

Indian travel site makemytrip.com is selling the tickets for Oct. 13, supposedly the day after the crew strike is set to end, but anyone foolish enough to book that flight doesn’t deserve to reach their destination.

It’s not just the strike that’s keeping Kingfisher’s fleet grounded. India’s aviation ministry has supported the striking workers by suspending the airline’s ability to fly until it starts paying back employees.

The Indian government is now fed up with Kingfisher and Vijay Mallya, and this can't be good for any solution that the company comes up with.

Is this it? Is this the end of the long national aviation nightmare called Kingfisher? It should be.

Vijay Mallya must be feeling hopeful after talks of foreign airlines looking to invest in his bankrupt airline began, but it’ll be a miracle for the airline to get the $600 million it desperately needs.

The recent policy reform that allows foreign investors a 49 percent stake in domestic airlines may be the saving grace for Kingfisher, which has withered to India’s smallest airline due to a mountain of debt and flight cancellations.

SpiceJet’s clean and profitable reputation makes it the number one choice for investors, but few are interested in infusing capital into airlines piled high in debt with a reputation of contemptuous staff.

There are huge opportunities for growth in the Indian market, but few foreign airlines have the financial fortitude to take on an ailing airline like Kingfisher, which had pushed for the ban’s removal.