Christoph Müller is an interesting man, the new CEO of the troubled Malaysia Airlines has always been known as a ‘terminator’ for his skills related to cost cutting by trimming workforce and brining airlines back to profit. He has done this successfully with Aer Lingus and Sabena in the past and he has already started…
Finally the talk of the town has become a reality, Singapore Airlines unveiled its Long Haul Low Cost Carrier “Scoot”. Singapore Airlines plans to tackle the recent onslaught of Low Cost Carriers eating up its market pie with its new offering upto 40% cheaper fares than full service carriers. Scoot plans to begin operations in…
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…