Aviation Crisis

Kingfisher crisis Its the irony of Indian aviation that despite a merchandise growing at 18 per cent for the last 1year, 5 out of six Indian Airlines are bleeding. If Air India was in the news oer the CAG report, aircraft purchases, and merger issues, Kingfisher Airlines has been in the focus for safety valve cancellations, cash shortages, and survival fears. Kingfisher Airlines Kingfisher Airlines is an airline business group based in India. Its head office is The Qube in Andheri (East), Mumbai and Registered Office in UB City, Bangalore. Kingfisher Airlines, by means of its parent company United Breweries Group, has a 50% office in low-cost carrier Kingfisher Red. The airline has been facing pecuniary issues for many years. Until December 2011, Kingfisher Airlines had the second largest share in Indias home(prenominal) air travel commercialise. However due to the severe fiscal crisis faced by the airline, it has the fifth largest market share currently, alto astonishher above GoAir. Kingfisher Airlines is one of the only seven airlines awarded 5-star rating by Skytrax along with Cathay Pacific, Qatar Airways, Asiana Airlines, MalaysiaAirlines, SingaporeAirlines,and HainanAirlines. Kingfisher operates 250 daily flights with regional and long-haul international services.

In May 2009, Kingfisher Airlines carried more than 1 million passengers, giving it the highest market share among airlines in India. Kingfisher besides owns the Skytrax award for Indias best airline of the year 2011. Kingfisher Airlines is also the sponsor of F1 racing outfit, Force India, which Vijay Mallya also owns. Financial Turmoil Ever since the airline commenced operations in 2005, it has been account losses. After acquiring Air Deccan, Kingfisher suffered a loss of over 1,000 crore (US$220 million) for three consecutive years. By early 2012, the airline put in losses of over 7,000 crore (US$1.54 billion) with half of its fleet grounded and several members of its staff going on strike. Kingfishers position in top... If you want to get a full essay, order it on our website: Ordercustompaper.com

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