Kingfisher

Tag Archives for Kingfisher.

Etihad in talks to up stake in Jet Airways to 49%

Jet Airways are once again in news for the reasons related to Etihad. As per the report in Economic Times earlier today, the airline will be issuing convertible bonds worth $300-$400 million to pare down a part of its $1.7bn pile of debt. The transaction is expected to be finalized soon and would be potentially handing out Etihad a right to convert to up to 49% stake in the airline which is the maximum allowed stake for foreign airlines in the Indian carriers. It’s no secret that Etihad acquired the 24% stake in the beleaguered airline only to tap easily into the lucrative Indian passenger market and technically turn Jet into a feeder airline for its hub at Abu Dhabi. The strategy dubbed as the…

Continue Reading »

Kingfisher pilots pick up a unique form of protest

As reported in a business daily in India today, Kingfisher pilots have started a unique a form of protest against the company for the non-payment of their salaries since the last two months, the pilots have been announcing and I quote “it is their sense of duty towards the guest that is making them fly despite not being paid salaries for the past two months" The announcements which started this Wednesday on flights out of Delhi seem to be spreading to other flights too, The announcements which are a part of a wider protest by pilots after a deadline set by them passed without any payments being made. Some pilots say they now plan to wear black armbands while reporting for work seem to have…

Continue Reading »

Kingfisher you could not make things any worse

Just when i thought that Kingfisher was at its lowest point, they made me realize that there was still so much to achieve, its been an eventful day for them, it all started with a simple web check in that i wanted to do for a very close friend of mine but every time i would enter the details and select and BOOM!!! the site would throw me an error asking me to check the Guest details and try again, I kept scratching my head for nearly an hour and it still didn’t budge, Next step i tried calling up their Customer Center and the thing was unreachable for a good 15 minutes and when i got through, guess what they tell me “Sir! We…

Continue Reading »

Kingfisher enters Frequent Flyer agreement with American Airlines

Kingfisher Airlines has announced signing up a comprehensive frequent flier agreement with American Airlines. As part of the agreement, which covers the entire route network of both airlines, King Club members would be able to earn King Miles when they fly on any American Airlines flights. Similarly, frequent flyers of American Airlines would be able to earn AAdvantage miles when they fly on any Kingfisher Airlines flight. Going forward King Club members will also be able to redeem their accumulated King Club Miles to undertake travel on an American Airlines flight anywhere on their network. The agreement which comes into effect from November 1, 2011, will allow frequent flyers of both airlines to make the best possible use of each others networks. For Kingfisher which…

Continue Reading »

Oneworld warms up for a busy 2012

Starting Q1 2012, Oneworld will get a big push in its network expansion with the addition of 3 new members from different geographies. Air Berlin from Germany, Kingfisher from India and Malaysia Airlines will give Oneworld reach into these new markets for the alliance. All the three airlines operate in markets which can prove really lucrative for the alliance, With Air Berlin already having established a tie-up with American Airlines the alliance has been able to get a foothold in the lucrative German market and get a good hub in the center of Europe the earlier hubs (Helsinki, London, Madrid and Budapest) covered up the European fringes, with this addition in the heart of the continent Europe is now well networked by the alliance. Kingfisher…

Continue Reading »

Kingfisher’s air viability under question

As per Kingfisher’s annual report for the year ended March 31, 2011, the airline is in dire need of funds to keep going. Saddled  with huge debt and mounting losses, the airline has been finding it tough to raise money in the current market conditions. The airline had planned to raise $250-$350 million through an issue of global depositary receipts in January 2011 but it turned out to be a non-starter. Even though Kingfisher cut its debt through a restructuring by issuing shares to 14 banks which as of today own 29 percent of Kingfisher and has obtained approval from its board for equity infusion, the shareholders are highly worried about the operational sustainability of the airline which has led to  its market value slumping to under…

Continue Reading »

Miles & More offers 2000 Award miles on enrollment

Miles and More is offering 2000 award miles on enrollment for people with an Indian address. (Which get credited to your account once  you take your first flight with Lufthansa and it’s affiliates) : Thanks to AJ for pointing this out The link for the same is here. They are also running a Quiz in which they are running a weekly sweepstakes and can win a ticket to Europe. Miles and More seems to be going all guns to capture a big frequent flyer market share out of an important market like India. They have already been building up a good network of partners where one can redeem miles. They also have an interesting tie up with TripAdvisor.in where you can earn 100 Miles &…

Continue Reading »

Complimentary Silver Status and up to 30,000 bonus miles on Marriott stays

Marriott is currently running a promo whereby it’s offering complimentary Silver Elite status for new enrollments which will be good till February 2013 and an opportunity to earn up to 30,000 bonus miles to Frequent Flyer members of the following airline programs with a residential / business postal address in Australia, China, Guam, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand and Vietnam: Air China PhoenixMiles China Eastern Airlines Eastern Miles China Southern Airlines Sky Pearl Club Cathay Pacific Asia Miles KingFisher Airlines King Club Jet Airways JetPrivilege The enrollment link can be found here and the stays have to be completed at the participating hotels between 8 September 2011 and 31 January 2012. The Silver Elite membership brings with it the…

Continue Reading »