Why is DGCA suspended Kingfisher?

NEW DELHI: Aviation regulator DGCA today suspended the flying licence of beleaguered Kingfisher Airlines for failing to come up with a viable plan for its financial and operational revival and resolve the impasse with its employees over payment of their salary dues.

What is the status of Kingfisher Airlines?

Kingfisher Airlines was established in 2003 and ceased operations when its license was cancelled on 20 October 2012. It is owned by the Bengaluru based United Breweries Group.

Can Kingfisher Airlines Bounce Back?

Dubey said Kingfisher Airline’s ability to bounce back from this situation appears challenging. ”It means deep distress for its employees, creditors and lenders. Lenders are the worst hit since they may have to take a significant write-down of the loans that have gone bad.

Who took over Kingfisher?

ED had handed over shares to consortium The State Bank of India-led consortium on Friday realised ₹792.11 crore by sale of shares in the now defunct Kingfisher Airlines in the Vijay Mallya case. The Enforcement Directorate (ED) had handed over the shares to the consortium.

What happened to Air Deccan now?

But Air Deccan is no longer in the skies. In September 2011, Mr Mallya shut down a bleeding Kingfisher Red and eventually his whole business, which went bankrupt. Mr Mallya “never had the time for the airline,” Capt Gopinath told the BBC in 2012.

Why did Air Deccan fail?

Air Deccan’s competitive advantage mostly raised due to the fact that they were new entrants into the low-cost airline market. Unable to keep up with the competition and with the rising fuel costs, Air Deccan had a net loss of around 340 crores (30 Million USD) by June 2006.

How can Kingfisher Airlines be saved?

2.] Reduce the skirt length of Kingfisher Airline Air Hostesses by 2 inches on loss making routes. The media would then describe this as a case of Kingfisher ‘Skirting the Issue’. Also offer complimentary Kingfisher Swimsuit Calendars to all flyers above the age of eighteen.

How many Kingfisher flights are there?

Kingfisher Airlines Airlines It flies domestic and international flights with more than 350 daily departures and connects over 60 cities in India and 10 international destinations.

What can I do with Kingfisher Airlines shares?

Kingfisher Airlines was delisted by NSE in 2018 and you will not be able to sell these shares at present and in future. The easiest way to take care of this issue is to transfer these shares in the demat account of your family member or relative or friend who plan to use demat account for their regular investments.

Why did Air Deccan stop?

Air Deccan Now He focuses on providing services to regions where no major air carriers provide their service, in order to have minimal competition. However, as of now, the airline has halted its operations due to the global pandemic.

Who owns Air Deccan now?

United Breweries Group
Simplifly Deccan/Parent organizations

Why is Deccan closed?

But Air Deccan struggled to cope with the costs as losses mounted. But Air Deccan is no longer in the skies. In September 2011, Mr Mallya shut down a bleeding Kingfisher Red and eventually his whole business, which went bankrupt. Mr Mallya “never had the time for the airline,” Capt Gopinath told the BBC in 2012.