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Kingfisher Airlines
IATA IT
ICAO KFR
Callsign KINGFISHER
Founded
2003
Commenced operations
9 May 2005
Hubs
Secondary hubs
Focus cities
Chennai International Airport Cochin International Airport(Kochi) Pune International Airport Rajiv Gandhi International Airport (Hyderabad)
King Club
Fleet size Destinations Company slogan Parent company Headquarters Key people
66 (+130 orders) 71[1] Fly The Good Times United Breweries Group Kingfisher House, Mumbai,Maharashtra[2]
Website
flykingfisher.com
Kingfisher Airlines is an airline group based in India. Its head office is Kingfisher House in Vile Parle (East), Mumbai.[3][4] Kingfisher Airlines, through its parent company United Breweries Group, has a 50% stake in low-cost carrier Kingfisher Red. Kingfisher Airlines is one of the only seven airlines awarded 5-star rating by Skytrax along with Cathay Pacific, Qatar Airways, Asiana Airlines, Malaysia Airlines, Singapore Airlines, and Hainan Airlines [5] Kingfisher operates more than 375 daily flights to 71 destinations, with regional and long-haul international services.[1] In May 2009, Kingfisher Airlines carried more than 1 million passengers, giving it the highest market share among airlines in India.[6]. Kingfisher also owns the skytrax award for India's best airliner of the year 2011. Kingfisher Airlines is also the sponsor of F1 racing outfit, Force India, which Vijay Mallya also owns.[citation
needed]
Contents
[hide]
1 History
2 Destinations
3 Fleet
o o
4 Services
o o o
o o o o o o
7.1 Mounting Losses 7.2 Debt Recast 7.3 Founders pledge entire stake 7.4 Delayed salary payment 7.5 Fuel (ATF) Dues 7.6 Aircraft lease rental default
[edit]History
Kingfisher Airlines was established in 2003. It is owned by the Bengaluru based United Breweries Group. The airline started commercial operations in 9 May 2005 with a fleet of four new Airbus A320200s operating a flight from Mumbai to Delhi.[7] It started its international operations on 3 September 2008 by connecting Bengaluru with London.
Type
Industry
Transportation
Founded
2003
Area served
Asia, Europe
Key people
Dr. Vijay Mallya, CMD Sanjay Aggarwal, CEO A. Raghunathan, CFO(Finance) Hitesh Patel, EVP(Operations & Engineering)
Services
On 7 June 2010 Kingfisher became a member elect of the Oneworld airline alliance when it signed a formal membership agreement. A firm date to join the alliance will be announced once the implementation process is underway, it possibly may take 18 to 24 months.[9][10]
[edit]Operational
performance
Kingfisher Airlines Statistics[citation needed]
Year ended April 2007 March 2008 April 2008 March 2009 April 2009 June 2009
% Change 12.6% -
[edit]Destinations
Main article: Kingfisher Airlines destinations Kingfisher Airlines serves 63 domestic destinations and 8 international destinations in 8 countries across Asia and Europe. Kingfisher's short haul routes are mostly domestic apart from some cities in South Asia, Southeast Asia and Western Asia. All short haul routes are operated on the Airbus A320 familyaircraft. ATR 42s and ATR 72s are used mainly on domestic regional routes. Kingfisher has its medium, long-haul destinations in East Asia, Southeast Asia, and Europe. Its first long haul destination was London, United Kingdom which was launched in September 2008. It has plans to launch new long haul flights to cities in Africa, Asia, Europe, North America and Oceania with deliveries of new aircraft. All long haul routes are operated on the Airbus A330-200.
[edit]Codeshare
agreement
[edit]Fleet [edit]Current
Airbus A319
ATR 72-500
Airbus A320-200
Airbus A330-200
Kingfisher Airlines' fleet currently consists of ATR 42, ATR 72 and Airbus A320 family aircraft for domestic and short haul services and Airbus A330-200s for international long-haul services. The average age of its fleet as of January 2009 was 2.3 years. All ATR's and a few aircraft from the A320 family are used forKingfisher Red service.
32 119
[edit]New
This article may need to be rewritten entirely to comply with Wikipedia's quality standards, as section.You can help. The discussion page may contain suggestions. (December 2010)
On 21 July 2004, it signed a MoU with Airbus for four A320-200s with options for eight more[citation needed]. The first four A320-200s were leased from debis airfinance. On 23 February 2005, it signed a contract with Airbus for three Airbus A319-100s and firm orders for ten A320-200s with options for twenty more.[15] On 25 April 2005, it took the delivery of its first Airbus A320200 aircraft[16] which was used to start operations in 9 May 2005. On 15 June 2005, it created history by becoming the first Indian airline to place orders for the Airbus A330, Airbus A350 and Airbus A380 aircraft. The order was for five A330-200s, five A350-800s and five A380-800s.[17] On 21 November 2005, it placed another order for thirty Airbus A320 family aircraft.[18] On 24 April 2006 at Hannover, it became the first Indian airline yet again to place orders for the Airbus A340 aircraft. The order was for five A340-500s.[19] However, these A340-500 orders were cancelled in 2008 due to worldwide economic recession which resulted in skyrocketing of petroleum prices across the world in July 2008. On 20 June 2007 at the 2007 Paris Airshow, it signed a MoU with Airbus for twenty Airbus A320 family aircraft, ten Airbus A330-200s, five Airbus A340-500s and fifteen Airbus A350-800s.[20] The order for
five A340-500s were converted to A330-200s in 2008 after the cancellation of the initial five A340-500 order which was placed in April 2006 at Hannover. On 14 July 2008, Kingfisher unveiled its first ever Wide-body aircraft, a Airbus A330-200 (registered VTVJL) at the 46th Farnborough Airshow held in July 2008. Kingfisher's first Airbus A330-200 was widely billed (according to the airline's press release) as the best A330-200 ever built by Airbus.[21]
Kingfisher Airlines new aircraft delivery schedule[22] Aircraft Airbus A320 family Airbus A330-200 Airbus A350-800/A380-800 Total 2012 2013 2014 2015 2016 Total 6 4 10 9 3 12 7 4 2 13 8 4 6 18 12 2 14 42 15 10 67
[edit]Services [edit]Cabin
classes
[edit]Kingfisher Class
The domestic Kingfisher Class has 32-34 inch seat pitch. Every seat is equipped with personal IFE systems with AVOD on-board the Airbus A320 family aircraft. As in Kingfisher First, passengers can access the movies, English and Hindi TV programmes, a few live TV channels powered by DishTV and Kingfisher Radio. The screen is controlled by a controller-console on the seat armrest. Earcup headphones are provided free of cost to all passengers. The default channel shows, alternating every few seconds, The aeroplane's ground speed, outside temperature, altitude, distance and time to destination; the position of the aircraft on a graphical map and one or more advertisements. Passengers are served meals on most flights. Before take-off, passengers are served bottled Lemonade. On-board the ATR 72-500s there are 17 colour LCD drop-down screens mounted along with loudspeakers for audio in the cabin overhead, a head-end unit to handle CDs and DVDs, and a crew control panel. The
screens measure 12.7 cm by 9.3 cm, weigh 0.2 kg each and are spaced every two or three seat rows along both sides of the cabin.
[edit]Kingfisher Red
Main article: Kingfisher Red
After Kingfisher Airlines acquired Air Deccan, its name was changed to Simplifly Deccan and subsequently to Kingfisher Red. Kingfisher Red is Kingfisher Airline's low-cost class on domestic routes. A special edition of Cine Blitz magazine is the only reading material provided. Kingfisher Airlines is the first airline in India to extend its King Club frequent flyer program to its low-cost carrier as well. Passengers can earn King Miles even when they fly Kingfisher Red, which they can redeem for free tickets to travel on Kingfisher Airlines or partner airlines.
chef on board the aircraft and any-time dining. A turn-down service includes the conversion of the seat into a fully-flat bed and an air-hostess making the bed when the passenger is ready to sleep. Both Kingfisher First and Kingfisher classes feature mood lighting on the Airbus A330-200 with light schemes corresponding to the time of day and flight position.
[edit]Kingfisher Class
The international Kingfisher Class seats offer a seat pitch of 34 inches, a seat width of 18 inches and a seat recline of 25 degrees (6 inches). Passengers get full length modacrylic blankets, full size pillows and meals. Each Kingfisher Class seat has a 10.6 inch widescreen personal television with AVOD touchscreen controls. The IFE is similar to that of the international Kingfisher First class. It can also be controlled by a detachable remote-control console fitted in the armrest. This device can be used to control the IFE, reading-lights, play games and even has a credit-card swipe for shopping on Kingfisher's 'Air Boutique'. It also has a facility for sending text-messages, though the service isn't provided by Kingfisher.
[edit]In-flight
entertainment
Kingfisher's IFE system is the Thales TopSeries i3000/i4000 on-board the Airbus A320 family aircraft, and Thales TopSeries i5000 on-board the Airbus A330 family aircraft provided by the France-basedThales Group.[24] Kingfisher was the first Indian airline to have in-flight entertainment (IFE) systems on every seat even on domestic flights. All passengers were given a "welcome kit" consisting of goodies such as a pen, facial tissue and headphones to use with the IFE system. Now, passengers of kingfisher class are not given "welcome kits" but as mentioned earlier, a complimentary bottle of lemonade and earphones for use with the IFE are still given. Initially, passengers were able to watch only recorded TV programming on the IFE system, but later an alliance was formed with Dish TV to provide live TV in-flight.[25] And in a marked departure from tradition, Kingfisher Airlines decided to have an on-screen safety demonstration using the IFE system, however the conventional safety briefing by the flight attendants still exists on many flights.
[edit]King
Club
The Frequent-flyer program of Kingfisher Airlines is called the King Club in which members earn King Miles every time they fly with Kingfisher or its partner airlines, hotels, car rental, finance and lifestyle businesses. There are four levels in the scheme: Red, Silver,Gold and Platinum levels. Members can redeem points for over a number of schemes. Platinum, Gold and Silver members enjoy access to the Kingfisher Lounge, priority check-in, excess baggage allowance, bonus miles, and 3 Kingfisher First upgrade vouchers for Gold membership. Platinum members get 5 upgrade vouchers.
[edit]Kingfisher
Lounge
Kingfisher Lounges are offered to Kingfisher First passengers, along with King Club Silver and King Club Gold members. Lounges are located in:
Bengaluru International Airport Chennai International Airport Chhatrapati Shivaji International Airport (Mumbai) Cochin International Airport (Kochi) Indira Gandhi International Airport (Delhi) London Heathrow Airport Netaji Subhash Chandra Bose International Airport (Kolkata) Rajiv Gandhi International Airport (Hyderabad)
[edit]Awards
and achievements
Adrian Sutil is pursued by Lewis Hamiltonat the 2010 Malaysian GP. Kingfisher is a sponsor of Force India
Kingfisher Airlines frequent flyer programme, King Club has won Top Honours at the 21st Annual Freddie Awards in the Japan, Pacific, Asia and Australia region.
King Club has won the Freddie Awards 2008 in the following categories:
Best Bonus Promotion Best Customer Service Best Member Communications (First Runner-up) Best Award Redemption (First Runner-up) Best Elite Level (Second Runner-up) Best Website (Second Runner-up) Program of the Year (Second Runner-up)
Kingfisher Airlines has received three global awards at the Skytrax World Airline Awards 2010
Named Best Airline In India / Central Asia; Best Cabin Crew Central Asia. Kingfisher RED named Best Low Cost Airline in India / Central Asia.
NDTV Profit Business Leadership Award for Aviation. India's only 5 Star airline, rated by Skytrax and 6th airline in the world.
Rated India's Second Buzziest Brand 2008 by The Brand Reporter. Ranked amongst India's Top Service Brands of 2008 by Pitch Magazine. Voted as India's Favourite Airline. Rated as Asia Pacific's Top Airline Brand. Brand Leadership Award. Economic Times Avaya Award 2006 for Excellence in Customer Responsiveness. India's No. 1 Airline in customer satisfaction by Business World. Rated amongst India's most respected companies by Business World. Rated amongst India's 25 Innovative Companies by Planman Media in 2006. The Best Airline" and "India's Favourite Carrier' in a Survey conducted by IMB for The Times Of India.
Best New Domestic Airline for Excellent Services and Cuisine by Pacific Area Travel Writers Association (PATWA).
Service Excellence 2005-2006 for a New Airline by Skytrax. Ranked Third in the survey on India's Most Successful Brand launch of 2005 under the Brand Derby Survey conducted by Business Standard.
Buzziest Brands of 2005 by agencyfaqs and The Brand Reporter. Rated amongst the Top Ten Internet Advertisers by Yahoo. Rated amongst the top ten in the Best Television Commercial Jingles by NDTV. Best New Airline of the Year Award for 2005 by Centre for Asia Pacific Aviation (CAPA) Award in the Asia-Pacific and Middle East region.
Listed in the top 100 most trusted brand in The Brand Trust Report.
Accoding to Kingfisher[26]
[edit]Accidents
and incidents
On 10 November 2009, Flight 4124 operated by ATR 72-212A VT-KAC, skidded off the runway after landing at Chhatrapati Shivaji International Airport. The aircraft suffered substantial damage, but all 46 passengers and crew escaped unharmed.[27] In November 2010, the Directorate General of Civil Aviation released its final report into the accident. It revealed that the cause of the accident was pilot error, with the aircraft landing at too high a speed and too far down Runway 27A, which was the designation given to Runway 27 whilst it was being operated at a reduced length due to the closure of Runway 14/32 for maintenance.[28]
[edit]Financial [edit]Mounting
turmoil
Losses
Since inception, Kingfisher Airlines is yet to post profit on annual & total cost basis [29]. Following are YoY financial results of Kingfisher Airlines[30].
# 01 02 03 04 05 06 07 Total
To
Months
Total Income 1,352 2,142 1,546 5,577 5,271 6,496 1,991 24,375
29,870 -5,496
Recast
8,000 crore (US$1.78 billion) debt, with all
18 lenders agreeing to cut interest rates and convert part of loans to equity[31]. Lenders have converted 650 crore (US$144.95 million) debt into preference shares which will be
converted into equity when the airline lists on the Luxembourg Stock Exchange by selling global depositary receipts (GDR). Shares will be converted into ordinary equity at the price at which the GDRs are sold to investors. Besides the shares, another years[31]. Airline's average interest rate is now down to 11%, helping the airline save 500 crore (US$111.5 1,400 crore (US$312.2 million) debt which will be converted into preference
800 crore (US$178.4 million) debt has been converted into redeemable shares for 12
million) crore every year on interest cost. Consortium of banks was represented by SBI Capital Markets. Kingfisher Airlines Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 25, 2010, has approved a Debt Recast Package (DRP) with lending banks, following a one-time relaxation in restructuring guidelines sanctioned by the Reserve Bank of India. The salient features of the DRP include: 1. Conversion of debt of upto 2. Conversion of debt of upto 1,355 crore (US$302.17 million) from lenders into share capital[31]. 648 crore (US$144.5 million) from promoters into share capital.
3. Reschedulement of repayment of the balance debt to lenders over 9 years with a moratorium of 2 years. 4. Reduction in interest rates. 5. Sanction of additional fund and non-fund based facilities by the lenders. While Board sanction has been received from several lenders, the same is shortly expected from the others. The DRP is subject to execution of necessary documentation.
In order to give effect to the DRP mentioned above, the Board of Directors at its Meeting held on November 25, 2010, has resolved as follows, subject to the above approvals and subject to the approval of the shareholders and such other regulatory and other approvals as may be required[31]: 1. To issue and allot up to 57,50,00,000 (Fifty Seven Crores Fifty Lakhs only) 8% Redeemable Cumulative Preference Shares of 10 (US$0.22) each redeemable at par at the end of 12 years,
to the members of the consortium of lenders in consideration of the extinguishment of the amount due to the members of the consortium of lenders under various loan facilities availed by the Company. 2. To issue and allot up to 78,00,00,000/- (Seventy Eight Crores only) 7.5% Compulsorily Convertible Preference Shares of 10 (US$0.22) each to the members of the consortium of lenders in
consideration of the extinguishment of the amount due to the members of the consortium of lenders under various loan facilities availed by the Company. 3. To amend the terms and conditions of 97,00,000 (Ninety Seven Lakhs only) 6% Redeemable Preference Shares of 100 (US$2.23) each issued to United Breweries (Holdings) Ltd. (Promoter
Company), inter alia, to convert these shares to 9,70,00,000 (Nine Crores Seventy Lakhs only) 6% Compulsorily Convertible Preference Shares of 10 (US$0.22) each.
4. To issue and allot upto an aggregate of 64,80,00,000/- (Sixty Four Crores Eighty Lakhs only) 7.5% Compulsorily Convertible Preference Shares of 10 (US$0.22) each to United Breweries
(Holdings) Ltd. and to Kingfisher Finvest India Ltd. (Promoter Companies) in consideration of the extinguishment of the amount due to United Breweries (Holdings) Ltd. and Kingfisher Finvest India Ltd., from the Company. 5. To issue and allot upto 2,00,00,000/- (Two Crores only) 8% Optionally Convertible Debentures of 100 (US$2.23) each to Star Investments Ltd. in consideration of the extinguishment of the
amount due to Star Investments Ltd. from the Company. 6. To issue and allot upto 3,00,00,000/- (Three crores only) 8% Optionally Convertible Debentures of 100 (US$2.23) each to Margosa Consultancy Pvt. Ltd. in consideration of the extinguishment
of the amount due to Margosa Consultancy Pvt. Ltd. from the Company. 7. To issue and allot upto 3,00,00,000/- (Three Crores only) 8% Optionally Convertible Debentures of 100 (US$2.23) each to Redect Consultancy Pvt. Ltd. in consideration of the extinguishment of
the amount due to Redect Consultancy Pvt. Ltd. from the Company[31].
[edit]Founders
On July 6, 2011, pursuant to requirements prescribed under the Debt Recast Package Kingfisher Airlines' founder companies, United Breweries (Holdings) Ltd and Kingfisher Finvest Ltd, have pledged their entire stake in the airline with certain of its lenders[32]. United Breweries (Holdings) Ltd held 199,598,555 shares (representing 40.1% of total outstanding shares) in the airline and has pledged all the shares to lenders. At the same time, Kingfisher Finvest Ltd held
63,478,570 shares (representing 12.75% of total outstanding shares) has pledged it's entire holding to the lenders[33].
[edit]Delayed
salary payment
58 crore (US$12.93 million) on salaries a month. 173.66 crore (US$38.73 million) under the employees
Kingfisher Airline has staff strength of 6,000 and spends According to the first quarter financial results, it has cost head, which has increased from
163.40 crore (US$36.44 million) during the same quarter last year.
Kingfisher Airlines has delayed salaries (for Jul 2011) of its employees in Aug 2011. The management stated that it does not have the money, and has not given any date for the payment. Kingfisher airline had earlier stated that due to the bank strike, the salaries could not be processed. Employees were paid salaries on the 7th of every month. Earlier, the company used to pay on the 31st[34].
[edit]Fuel
(ATF) Dues
HPCL: In Jul 2011, Hindustan Petroleum Corporation Limited (HPCL) stopped the fuel (ATF) supplies for about two hours to Kingfisher airlines owing to the non-payment of dues. Situation was later resolved[35]. In the past several years, Kingfisher airlines has had trouble paying their fuel bills.
BPCL: Bharat Petroleum Corporation in 2009 had filed a case against Kingfisher airlines for nonpayment of dues. High court in an order said that the entire amount ( 245 crore (US$54.64 million)) had to be paid by Nov 2010 and the airline paid it in instalments[36].
[edit]Aircraft
Since 2008, it has been reported that Kingfisher Airlines has been unable to pay the aircraft lease rentals on time.
GECAS: In Nov 2008, GE Commercial Aviation Services threatend to repossess 04 leased planes in lieu of default. Kingfisher Airlines initially denied that it missed the payments [37][38]. GECAS had filed a complaint with DGCA saying Kingfisher had defaulted on rentals for four A320 aircraft, and sought repossession of the planes[39]. In Jan 2009, The Karnataka High Court rejected petition by Kingfisher Airlines to restrain GECAS from taking any step to deregister and repossess the 04 aircraft in dispute. As a result, Kingfisher had to return the A320 aircraft to GECAS[40].
DVB: In Jul 2010, DVB Aviation Finance Asia Ltd (a lessor from Singapore), sued Kingfisher Airlines for lease rental default. Case was filed in a UK court on Jul 16, 2010 after Kingfisher did not pay for three month lease rental for A320 aircraft it leased from DVB[41].
As of 30 October 2007 the total fleet size of commercial airlines in India was 439. In 1994 the Air Corporation Act of 1953 was repealed with a view to remove monopoly of air corporations on scheduled services, enable private airlines to operate scheduled service, convert Indian Airlines and Air India to limited company and enable private participation in the national carriers.[1][2] However, beginning 1990 private airline companies were allowed to operate air taxi services, resulting in the establishment of Jet Airways and Air Sahara. These changes in the Indian aviation policies resulted in the increase of the share of private airline operators in domestic passenger carriage to 68.5% in 2005 from 0.4 of 1991.[2]
Operational airlines
Airline ICAO IATA Call Sign Commenced Operations Headquarters
Air India
AIC
AI
AIRINDIA
October 1932
Mumbai
AXB
IX
Kochi
CD
ALLIED
Mumbai
BLUE DART
1995
Chennai
August 2005
Delhi
Deccan 360
DEC
3C
Bangalore
Deccan Aviation
DKN DN
DECCAN
1997
Bangalore
GoAir
GOW G8
GOAIR
June 2004
Mumbai
IndiGo
IGO
6E
IFLY
August 2006
Gurgaon
Jagson Airlines
JGN
JA
JAGSON
November 1991
Delhi
Jet Airways
JAI
9W
JET AIRWAYS
May 1993
Mumbai
Jet Konnect
JAI
9W
JET AIRWAYS
May 2009
Mumbai
JetLite
JLL
S2
LITE JET
Mumbai
IT
KINGFISHER
May 2005
Mumbai
Kingfisher Red
KFR
IT
KINGFISHER
August 2003
Mumbai
SpiceJet
SEJ
SG
SPICEJET
May 2005
Gurgaon
TajAir [edit]Market
Mumbai
share
The market share of Indian carriers as on June 2011 in the domestic aviation market is shown below:
[3][4]
Airline/Company
% Share
25.5%
Kingfisher
19.8%
IndiGo
19.6%
NACIL
14.9%
SpiceJet
14.0%
GoAir [edit]Defunct
6.1%
airlines
This is a list of now defunct airlines from India Airline Air Services of India Commenced Operations Ceased Operations 1936 1953
Airways (India) Limited Archana Airways Bhaarat Airways Crescent Air Cargo Damania Airways Deccan Airways Darbhanga Aviations East-West Airlines Gujarat Airways Himalayans Air Transport & Survey Limited Himalayan Aviation Indian Indian National Airways Indian Overseas Airlines Indian State Air Service (ISAS) Indian Transcontinental Airlines Indus Airways Irwaddy Flotilla & Airways Jupiter Airways MDLR Airlines ModiLuft Sahara Airlines Skyline NEPC Orient Airways Tata Airlines Vayudoot Vijay Airlines Paramount Airways
1950 1992
1962 1995
1934 1948 1953 1933 1947 1929 1933 2006 1934 1948 2007 1994
1946 1932
1953 1946
2005
Kingfisher Red
From Wikipedia, the free encyclopedia
Kingfisher Red
IATA IT
ICAO KFR
Callsign KINGFISHER
Founded
Hubs
Fleet size
Destinations
Company slogan
Parent company
Headquarters
Mumbai, India[1]
Key people
Website
www.flykingfisher.com
Kingfisher Red, known formerly as Simplifly Deccan and prior to that as Air Deccan, is a low-cost brand run by Kingfisher Airlines. It is headquartered inMumbai, India.[1] Passengers can earn frequent flyer miles (called King Miles) for tickets booked on Kingfisher Red through the King Club loyalty program run by its parent Kingfisher Airlines. In-flight reading material is limited to a special edition of Cine Blitz magazine printed exclusively for Kingfisher Red.
Contents
[hide]
1 History 2 Destinations 3 Fleet 4 Accidents and incidents 5 Competitors 6 Revenue 7 Acquisition by Kingfisher Airlines
[edit]History
Formerly known as Air Deccan, the airline was previously operated by Deccan Aviation. It was started by Captain G. R. Gopinath and its first flight took off on 23 August 2003 from Hyderabad to Vijaywada.[2] It was known popularly as the common man's airline, with is logo showing two palms joined together to signify a bird flying. The tagline of the airline was "Simpli-fly," signifying that it was now possible for the common man to fly. The dream of Captain Gopinath was to enable "every Indian to fly at least once in his lifetime." Air Deccan was the first airline in India to fly to second tier cities likeHubballi, Mangalore, Madurai and Visakhapatnam from metropolitan areas like Bangalore and Chennai. On 25 January 2006, Deccan went public by filing a red herring prospectus with the Securities and Exchange Board of India. Deccan planned to offload 25 percent of its stake in the initial public offering (IPO) that opened on 18 May. However, due to the stock market downturn at that time, Air Deccan's IPO barely managed to scrape through, even after extending the issue closing date and reducing the price band.[3]
On 27 February 2007, Air Deccan switched to US-based airline reservations hosting service provider Radixx International, becoming the second major domestic Indian carrier after GoAir to switch to the Radixx Air Enterprise reservation system.[4] Before moving to the Radixx reservation system, Air Deccan was using a reservation system provided by the Delhi-based InterGlobe Technologies. Less than expected growth in the Indian aviation sector coupled with overcrowding and the resultant severe competition between airlines resulted in almost all the Indian carriers, including Air Deccan, running into heavy losses. After initially trying to get in fresh capital for running the airline, Captain Gopinath eventually
succumbed to pressures for consolidation. On 19 December 2007, it was announced that Air Deccan would merge with Kingfisher Airlines. Since Indian aviation regulations prohibited domestic airlines from flying on international routes until they had operated in the domestic market for five years, it was decided to instead merge Kingfisher Airlines into Deccan Aviation, following which Deccan Aviation would be renamed Kingfisher Airlines. This was because Air Deccan was the older of the two airlines, and therefore would be the first to qualify for flying on international routes.[5][6] The merger became effective April 2008, with Vijay Mallya becoming the Chairman and CEO of the new company, while G. R. Gopinath became its ViceChairman. After the merger, Air Deccan switched to the Sabre reservation system used by Kingfisher Airlines, thereby replacing the previous solution provided by Radixx.
[edit]Destinations
Main article: Kingfisher Airlines destinations
[edit]Fleet
Main article: Kingfisher Airlines#Fleet
[edit]Accidents
and incidents
Air Deccan had an inauspicious start to its operations on 24 September 2003, with its very first flight from Hyderabad to Vijaywada catching fire on the runway when it was taxiing before take-off.[7][8]That flight was carrying several dignitaries such as the then BJP president, M. Venkaiah Naidu, the then Minister of State for Civil Aviation, Rajiv Pratap Rudy, and Telugu Desam Party leader K. Yerran Naidu. This was operated using an ATR 42 aircraft. Again, on 29 March 2004, another Air Deccan flight from Goa to Bangalore had to return back half an hour after take off as smoke filled the cabin. This aircraft was also an ATR 42.[9] On 11 March 2006, an Air Deccan flight travelling from Coimbatore to Bangalore made a heavy landing on the runway at Bangalore's HAL Airport and skidded off the runway.[10] The aircraft was carrying 44 people (40 passengers and 4 crew). Although there were no fatalities, the aircraft, an ATR 72, was severely damaged.
[edit]Competitors
Air Deccan's phenomenal growth spurred the entry of more than half a dozen low-cost air carriers in India. In its present Avatar as Kingfisher Red, the airline faces stiff competition from SpiceJet, IndiGo Airlines, Jet Lite and GoAir. The growth of these low-cost air carriers has also forced mainstream domestic Indian airlines to lower their fares.
Air Deccan A320-200 cabin. The grey seats in all Air Deccan aircraft have been changed to red as part of a rebranding effort after the takeover by Kingfisher Airlines
[edit]Revenue
In a statement to the National Stock Exchange of India, Air Deccan reported a net loss of Rs 3.4 billion ($74 million) for the 15-month period between 1 April 2005 and 30 June 2006. It originally hoped to break even in the current financial year but executives are quoted in the local media as saying it now does not expect to post profits until 2008 as a result of intense competition following the launch of several other new airlines. Air Deccan has now turned profitable on the back of a strong OctoberDecember 2006 quarter, posting a profit of Rs. 9.64 crores (a little more than US$ 2 million).[11]
[edit]Acquisition
by Kingfisher Airlines
Kingfisher Airlines' parent company United Breweries Group acquired a 26 percent stake in Air Deccan's parent company Deccan Aviation. The combined fleet of 71 Airbus A320 family and ATR aircraft will operate 537 flights to 69 Indian cities, "whilst taking advantage of unparalleled synergy benefits arising from a common fleet of aircraft," according to Kingfisher. "For the near future, Kingfisher will continue to serve the corporate and business travel segment, while Air Deccan will focus on serving the low-fare segment, but with improved financial prospects for both carriers," Kingfisher added. Speaking to reporters yesterday, UB Group head Vijay Mallya said there were no plans to launch an IPO "at this stage" and that UB Group would have no problem funding the acquisition.
[edit]Rebranding
In October 2007, after the acquisition by Kingfisher Airlines, Air Deccan was renamed "Simplifly Deccan" with its new tagline being "The choice is simple". The old logo was replaced by the Kingfisher logo and the same font of Kingfisher Airlines was also used on Simplifly Deccan. The old yellow and blue colors of Air Deccan were replaced by Kingfisher Airlines's red and white, supposedly to give the same premium look and feel to Deccan as well.[12] The check-in counters at airports as well as the crew uniforms now had the same red and white colors as those for Kingfisher Airlines. The new look airline also promised excellent ontime performance, a wider network and "little delights all the way". Check-in staff would no longer be outsourced, but managed by the airline's own employees, thereby "increasing accountability and improving service delivery," said Mr Mallya. He also announced that the new airline would slowly phase out the
ageing ATR 42 and A320 planes and replace them with entirely new aircraft.[13] Changes were also made in the flight schedule of Simplifly Deccan airlines to better align with that of Kingfisher Airlines. According to agencies, the re-branding was expected to cost around Rs 15 crore (approximately $3.8m). In August 2008, it was announced the airline will further change its branding to Kingfisher Red and will begin operating under Kingfisher's IATA code IT.[14][15
Jet Airways
Jet Airways is a major Indian airline based in Mumbai, Maharashtra. It is India's largest airline and the market leader in the domestic sector. It operates over 400 flights daily to 67 destinations worldwide. Its main hub is Chhatrapati Shivaji International Airport, with secondary hubs [1] at Delhi,Chennai,Ahmedabad, Bengaluru, Pune and Kolkata. It has an international hub at Brussels Airport, Belgium. Jet Airways is owned by Naresh Goyal.
Jet Airways
IATA 9W
ICAO JAI
Founded
1 April 1992
Commenced operations
5 May 1993
Hubs
Secondary hubs
Focus cities
Dabolim Airport (Vasco da Gama Goa) Rajiv Gandhi International Airport (Hyderabad)
Frequent-flyer program Airport lounge Subsidiaries Fleet size Destinations Company slogan Parent company Headquarters Key people Website
JetPrivilege
Jet Lounge JetLite 97 (+41 Orders) 75[1] The Joy of Flying Tailwinds Limited Mumbai, India[2] Naresh Goyal, (Founder & Chairman) www.jetairways.com
[edit]History [edit]Early
years
Jet Airways was incorporated as an air taxi operator on 1 April 1992. It started Indian commercial airline operations on 5 May 1993 with a fleet of four leased Boeing 737-300 aircraft. In January 1994 a change in the law enabled Jet Airways to apply for scheduled airline status, which was granted on 4 January 1995. It began international operations to Sri Lanka in March 2004. The company is listed on the Bombay Stock Exchange, but 80% of its stock is controlled by Naresh Goyal (through his ownership of Jets parent company, Tailwinds). It has 10,017 employees (as at March 2007).
[3]
Jet Airways
Type
Public
Traded as
Industry
Transportation
Founded
1 April 1992
Headquarters
Area served
Key people
Naresh Goyal, Founder &Chairman Nikos Kardassis, CEO Airlines & Aviation Airline Catering & Foodservice Ground Handling Services Services 12,951.04 crore (US$2.89 billion)(2010-11) [4]
Services
Naresh Goyal who already owned Jetair (Private) Limited, which provided sales and marketing for foreign airlines in India set up Jet Airways as a full-service scheduled airline to compete against state-owned Indian Airlines. Indian Airlines had enjoyed a monopoly in the domestic market between 1953, when all major Indian air transport providers were nationalised under the Air Corporations Act (1953), and January 1994, when the Air Corporations Act was repealed, following which Jet Airways received scheduled airline status. [edit]Air
Sahara buyout
In January 2006 Jet Airways announced that it would buy Air Sahara for US$500 million in an all-cash deal, making it the biggest takeover in Indian aviation history. It would have resulted to the country's largest airline
[5]
On 12 April 2007 Jet Airways agreed to buy out Air Sahara for INR14.5 billion (US$340 million). Air Sahara was renamed JetLite, and was marketed between a low-cost carrier and a full service airline. In August 2008 Jet Airways announced its plans to completely integrate JetLite into Jet Airways. [edit]Present
[6]
In October 2008 Jet Airways laid off 1,900 of its employees, resulting in the largest lay-off in the history of Indian aviation.
[8][9] [7]
However the employees were later asked to return to work; Civil Aviation
Minister Praful Patel said that the management reviewed its decision after he analysed the decision with them.
In October 2008 Jet Airways and rival Kingfisher Airlines announced an alliance which primarily includes an agreement on code-sharing on both domestic and international flights, joint fuel management to reduce expenses, common ground handling, joint utilisation of crew and sharing of similar frequent flier programmes.
[10]
On 8 May 2009 Jet Airways launched its low-cost brand, Jet Konnect. The decision to launch a new brand instead of expanding the JetLite network was taken after considering the regulatory delays involved in transferring aircraft from Jet Airways to JetLite, as the two have different operator codes. The brand was launched on sectors that had 50% or less load factor with the aim of increasing it to 70% and above. Jet officials said that the brand would cease to exist once the demand for the regular Jet Airways increases.
[11]
According to a PTI report, for the third quarter of 2010, Jet Airways (Jet+JetLite) had a market share of 26.9%
[12]
by Kingfisher Airlines with 19.9% . [edit]Effects of recession The recession forced Jet Airways to discontinue the following routes: AhmedabadLondon, Amritsar London, BangaloreBrussels andMumbaiShanghaiSan Francisco. It also had to put an indefinite delay on its expansion plans. Jet Airways was forced to lease out seven of its tenBoeing 777300ERs to survive the financial crunch. Due to the recession all flights to North America were operated on an Airbus A330-200 replacing theBoeing 777-300ERs. It also had to sell a brand-new, yet-to-be-delivered Boeing 777-300ER in 2009 and had to defer all new aircraft deliveries by at least two years. The airline plans to restore the Mumbai-Shanghai route by end the of 2011. [edit]Corporate [edit]Head
[13]
office
[14][15]
Jet Airways's head office is the S.M. Center, a rented, unmarked six storey building in Andheri, Mumbai. In 2008 Robyn Meredith of Forbes said that the complex was "as shabby as
[Jet Airways CEO Naresh] Goyal's home is posh" and that the complex was "in need of a fresh coat of paint". Meredith also said that the complex was 15 minutes driving time from Chhatrapati Shivaji International Airport.
[15]
Head Office is now shifted to a new rented place named "Siroya" building on Sahar Road Behind THE MARATHA Hotel. [edit]Subsidiaries
[edit]JetLite JetLite was established as Sahara Airlines on 20 September 1991 and began operations on 3 December 1993 with two Boeing 737-200 aircraft. Initially services were primarily concentrated in the northern sectors of India, keeping Delhi as its base, and then operations were extended to cover all the country. Sahara Airlines was rebranded as Air Sahara on 2 October 2000. On 12 April 2007 Jet Airways took over Air Sahara and on 16 April 2007 Air Sahara was renamed as JetLite. JetLite operates a fleet of mixed ownedleased Boeing 737 Next Generation aircraft and Bombardier CRJ200ER. [edit]Jet Konnect Jet Konnect is the low-cost brand of India-based Jet Airways. It was launched on 8 May 2009, and shares the same airline code and callsign as Jet Airways. It operates a mixed fleet of ATR 72500sand Boeing 737-800s. [edit]Destinations Main article: Jet Airways destinations Jet Airways serves 51 domestic destinations and 24 international destinations, a total of 75
[16]
in 19
countries across southern Africa, Asia, Europe and North America. Short-haul destinations are served using Boeing 737 Next Generation. ATR 72-500s are used only on domestic regional routes, while long-haul routes are served using its Airbus A330-200 and Boeing 777300ER aircraft. London,England was the airline's first long-haul destination and was launched in 2005. Since 2007 Jet Airways has had a scissors hub at Brussels Airport in Belgium for onward transatlantic connections to Canada and the United States. [edit]Codeshare
agreements
[17]
Jet Airways has codeshare agreements with the following airlines: Air Canada (Star Alliance) Alitalia (SkyTeam) All Nippon Airways (Star
Alliance)
[edit]Fleet
ATR 72-500
The Boeing customer code for Jet Airways is 5R. The airline is known for constantly maintaining its average fleet age below 10 years with regular phasing out of aircraft which are over 10 years of age.
[citation needed]
As of May 2011, the Jet Airways fleet consists of the following aircraft with an average age of 5.4 years:
[18][19][20][21]
Jet Airways Fleet Aircraft In Orders Service Passengers Notes P 0 Airbus A330-200 12 5 0 Airbus A330-300 ATR 72-500 Boeing 737-700 20 11 5 0 0 0 Boeing 737-800 Boeing 737-900 Boeing 777-300ER Boeing 787-8 Total 42 2 10 97 19 0 2 10 41 0 8 8 162 170 166 312 28 138 30 274 TBA 0 18 236 TBA 62 62 118 154 254 J Y Total 226 10 owned Two dry-leased from ILFC All leased from Intrepid Aviation Group Deliveries starting 2011[22] All are dry-leased 6 owned 5 dry leased 18 owned 24 dry leased Both owned 4 dry leased to Turkish Airlines 3 dry leased to Thai Airways International Deliveries starting 2014[23] 30 190
16 102 16 138
[edit]Livery 19932007
Jet Airways Airbus A340-300 at London Heathrow Airport in 2005 with the 1993-2007 livery
Jet Airways' original livery was Navy Blue, Light Grey and Chrome Yellow. The top and bottom of the aircraft were painted in light grey and had the flying sun logo in the navy blue background. 2007present Jet Airways' current livery was introduced in 2007.
[24] [24]
accented colour scheme of Jet Airways' previous corporate identity, along with the airline's "flying sun" logo. The new livery, created with Landor Associates, added yellow and gold ribbons. A new yellow
[24]
Jet Airways
introduced its new identity in conjunction with a global brand re-launch which included new aircraft and seating.
[edit]Services [edit]Cabin [edit]Domestic & international short haul Boeing 737 Next Generation aircraft are configured in and Economy Classes. Some Boeing 737s have an all Economy Class cabin layout. The ATR 72-500have Economy class configuration only. Premire The Premire features 40-inch extra-wide seats with a personal Widescreen LCD attached to each seat. The Premire cabin is configured in a 2-2 abreast pattern. Economy Class Jet Airways Economy class on its Boeing 737 Next Generation features 30-inch seat pitch with personal Widescreen LCD behind each seat. Jet Airways was the World's first airline to introduce inflight entertainment systems on the Boeing 737 aircraft. The Economy - class cabin is configured in a 3-3 abreast pattern on the Boeing 737 Next Generation and 2-2 abreast pattern on the ATR 72-500. [edit]International long haul
With the arrival of its new Airbus A330-200 and Boeing 777-300ER aircraft, Jet Airways has introduced a new cabin with upgraded seats in all classes. The Airbus A330-200 aircraft have two classes: Premire and Economy. The Boeing 777-300ER aircraft has three classes of service: First, Premire (Business), and Economy. Jet Airways has a three-star rated First and Business Class, and is in the top twenty-five business classes reviewed by Skytrax. Economy class has been reviewed as a three-star product by Skytrax. Being a Full Service Airline, meals are served on all classes of travel. First Class First class is available on all Boeing 777-300ER aircraft. All seats convert to a fully flat bed, similar to Singapore Airlines first class seat but much smaller. It was the twenty-second airline in the world to have private suites. All seats in First have a 23-inch widescreen LCD monitor with audio-video ondemand systems (AVOD), BOSE noise cancelling headphones, in seat power supply, and USB ports etc. Jet Airways is the first Indian airline to offer fully enclosed suites on its aircraft; each suite has a closable door, making for a private compartment. Skytrax consumer airline reviewers recently rated Jet Airways First Class as being 14th best in the world. Premire
Premire (Business Class) on the Airbus A330-200 and Boeing 777-300ER international fleet has a fully flat bed with AVOD entertainment. Seats are configured in a herringbone pattern (1-2-1 on the Boeing 777-300ER, and 1-1-1 on the Airbus A330-200), with each seat offering direct access to the aisle. Premire seats on the A330-200s leased from ILFC are configured differently in a 2-2-2 non-
herringbone pattern. Each Premire Seat has a 15.4-inch flat screen LCD TV with AVOD. USB ports and in-seat laptop power are provided. All seats are standard recliner business-class seats with a few newer aircraft with electronic recline and massager. Economy Class Economy class on Jet's A330-200/777-300ER aircraft has 32-inch seat pitch. Seats on the A330200/777-300ER have a "hammock-style" net footrest. The cabin is configured in 2-4-2 abreast on the Airbus A330-200, 3-3-3 on the Boeing 777-300ER. Each Economy seat on the A330-200/777-300ER has a personal 10.6-inch touch screen LCD TV with AVOD.
All three classes feature Mood lighting on the Airbus A330-200 and Boeing 777-300ER, with light schemes corresponding to the time of day and flight position.
[edit]In-flight entertainment Jet Airways' Panasonic eFX IFE system on-board the Boeing 737-700/800 and Panasonic eX2 IFE system on-board the Airbus A330-200/Boeing 777-300ER, called "JetScreen", offers audio video ondemand programming (passengers can start, stop, rewind, and fast-forward as desired). It has over 100 movies, 80 TV programmes, 11 audio channels and a CD library of 125 titles. The system operates via individual touchscreen monitors at each seat, and is available in all classes. [edit]Airport
[25]
lounges
Jet Airways Lounges are offered to First and Premire Class passengers, along with JetPrivilege Platinum, Gold or Silver card members. The international lounge at Brussels has showers, business centre, entertainment facilities and children's play areas.
[26]
Bangalore, Brussels, Chennai, Cochin, Delhi, Hyderabad, Jaipur, Kolkata, Mumbai, Newark [edit]Frequent-flyer
program
and achievements
Best First-Class Service in the World award at Business Travellers 20th annual Best in Business Travel awards
Best Business Class & Best Economy Class at the Business Traveller Awards Best Program of the Year by Freddie Awards 2007 & 2006 Best Elite Level for the second year in a row, at the 21st Annual presentation ceremony of the Freddie Awards 2008
Best Overall in Entertainment at the Avion Awards 2010 India's Popular Domestic Airline at the SATTE 2006 Awards Indias Airline at the World Travel Awards, 2006 Best Technical Despatch Reliability by Beaver 2002 Best Cargo Airline of North Asia by Cargo Airline of the Year Awards Best Domestic Airline award for the 1st consecutive year and the 5th time in the past two years at the 18th TTG (Travel Trade Gazette) Travel Awards 2007
Service Excellence Award at Global Managers in Jurassic Park, Sudan. Indias Most Respected Company in the Travel and Food Sector by Businessworld 2003 Best Long Haul Carrier ex-Brussels award at the Tm Travel Awards 2009. Best Eastbound Airline from India and Best domestic Airline in India awards at the Abacus Tafi Awards 2009.
[edit]Incidents
and accidents
On 1 July 2007, Jet Airways Flight 3307, a ATR 72-212A (registered VT-JCE) which was flying on the Bhopal-Indore route was involved in an accident which was caused by a storm. There were no fatalities amongst the 45 passengers and 4 crew onboard, however the aircraft suffered damages beyond repair.
[28]