Kingfisher a goner
Mar 11, 2012, 3:13 pm
#16
Join Date: Jun 2008
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https://picasaweb.google.com/lh/phot...eat=directlink
IT didn't make it to oneWorld and MA is gone, AA under Chapter 11...
Mar 11, 2012, 5:41 pm
#17
Join Date: Oct 2011
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It's hard to make money running an Airline
A sad reflection of the sad state of the world economy. That said, some models continue to work well ( budget end ), sadly KingF, Spanair, unable to compete.
Mar 11, 2012, 9:31 pm
#18
Original Poster
Join Date: Feb 2004
Location: bombay
Posts: 1,478
That said, you're partly right, in that mismanagement is the biggest cause of the dire predicament of nearly all of the airlines of India.
Mar 11, 2012, 11:52 pm
#19
Join Date: Mar 2012
Posts: 29
KINGFISHER MAKES IT TOUGH FOR PILOTS TO QUIT.... DEMANDING PAYUP FOR PAST 6 MONTHS
Mar 12, 2012, 12:41 am
#21
Join Date: Mar 2012
Posts: 29
First reports of Pilot strike come in
First strike reports coming in through TWITTER from @HTTWEETS @FIRSTPOSTIN
HT - Three Kingfisher flights from Delhi cancelled; pilots go on strike : reports #Kingfisher #ht
FIRSTPOST - #Kingfisher pilots skip work, 3 flights from Delhi cancelled
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Another news I got is their flights at Mumbai would also have a halt in fuel supply in next 24 hours!
The End seems near!
HT - Three Kingfisher flights from Delhi cancelled; pilots go on strike : reports #Kingfisher #ht
FIRSTPOST - #Kingfisher pilots skip work, 3 flights from Delhi cancelled
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Another news I got is their flights at Mumbai would also have a halt in fuel supply in next 24 hours!
The End seems near!
Mar 12, 2012, 12:47 am
#22
Join Date: Mar 2007
Location: TSV, Australia
Programs: Hilton
Posts: 2,406
I was trying to book a flight today on IT for Dubai against there special fare of Rs 14000/- return offered in association with VIA.COM, when checked they informed me that they have exhausted all bookings with Airline and as per circular they have received from IT is to sieze all bookings 25th Onwards.
Mar 12, 2012, 12:54 am
#23
Join Date: Oct 2010
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Management has new blackmail for the Pilots.... Maybe this was the plan Keyser was talking about, asking Pilots to pay up the airline
KINGFISHER MAKES IT TOUGH FOR PILOTS TO QUIT.... DEMANDING PAYUP FOR PAST 6 MONTHS
KINGFISHER MAKES IT TOUGH FOR PILOTS TO QUIT.... DEMANDING PAYUP FOR PAST 6 MONTHS
Staff don't need to formally quit. Just don't show up for work. The difference between quitting and getting fired right isn't particularly important... Any future employer will understand the situation.
Mar 12, 2012, 1:25 am
#24
Join Date: Oct 2010
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Kingfisher Pilots Skip Work, 40 Flights Cancelled
Kingfisher pilots skip work, 40 flights cancelled
http://ibnlive.in.com/news/kingfishe.../238403-7.html
http://ibnlive.in.com/news/kingfishe.../238403-7.html
Several Kingfisher Airlines pilots stayed away from work on Monday over non-payment of salaries for over three months and indifferent attitude of the management leading to over 40 flights being cancelled across the country.
Kingfisher cancelled 11 flights from Mumbai and three from Delhi after pilots failed to turn up. The cash-strapped airline has also suspended operations at the Kolkata airport.
Over 20 per cent of Kingfisher flights which have already been curtailed will be hit hard. Pilots have also demanded a meeting with Kingfisher CEO Sanjay Aggawral to assure them payment of all dues. The airline maintains that it has back-up to operate flights for now.
...
Kingfisher cancelled 11 flights from Mumbai and three from Delhi after pilots failed to turn up. The cash-strapped airline has also suspended operations at the Kolkata airport.
Over 20 per cent of Kingfisher flights which have already been curtailed will be hit hard. Pilots have also demanded a meeting with Kingfisher CEO Sanjay Aggawral to assure them payment of all dues. The airline maintains that it has back-up to operate flights for now.
...
Mar 12, 2012, 1:31 am
#25
Join Date: Jan 2008
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Pretty much. Kingfisher has been a goner for months now. Every one of the 50 daily news updates we get on them is just another step towards bankruptcy...
Shutting London is a pretty big move.. It's their flagship route, so I would have expected that to be the last route they cut. Maybe they're expecting to lose their A330s to repo/lease expiration soon
Shutting London is a pretty big move.. It's their flagship route, so I would have expected that to be the last route they cut. Maybe they're expecting to lose their A330s to repo/lease expiration soon
Mar 12, 2012, 2:04 am
#26
Join Date: Mar 2005
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You really need to get into the real world sometimes. The plan is cunning and mean and evil, effectively a way of siphoning off any signing bonuses for pilots. No formal end of contract = no hiring at another airline.
Mar 12, 2012, 2:16 am
#27
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Join Date: Feb 2004
Location: bombay
Posts: 1,478
The difference between the two is as vast as the difference between "fact" and "opinion".
Hahaha ! These days, fortunately, the risk of repo is everywhere, except perhaps in Cuba or North Korea or something.
Mar 12, 2012, 2:24 am
#28
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Good idea, as in other news (a few days old already, but still), Bank of Scotland have obtained a summary judgement againts United Breweries Ltd. for US$ 21.6 million. UB was apparently a guarantor on IT's aircraft lease for the ATRs.
This is getting pretty uncomfortable for VJM...
This is getting pretty uncomfortable for VJM...
Mar 12, 2012, 2:50 am
#29
Join Date: Oct 2010
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Didn't occur to me that another airline wouldn't be able to hire an ex-IT pilot until their IT contract was voided....
If that's the case, this is truly terrible. Hopefully the airline will shut down soon, so that these staff are free to go to the job of their choice... It's not like they are ever going to get their paycheck anyway...
Mar 12, 2012, 2:56 am
#30
Original Poster
Join Date: Feb 2004
Location: bombay
Posts: 1,478
Stocking shelves and delivering newspapers don't count.
And it isn't restricted to Kingfisher or the airline industry.
No business will want to hire anyone who doesn't have a documented clean break from the previous employer. Whilst this may be more or a requirement in India, it is commonplace everywhere.
I agree. To add to that, a lot of the recent manoeuvres seem to be leading to one result : they will wail it was beyond their control.
They will blame the pilots striking work, because they weren't paid, because the accounts were frozen, because… All the while very conveniently ignoring the fact that the freeze was precipitated because Kingfisher cheated both the exchequer and the employees (twice!) by chronically failing to pay their dues.
We could go even further back and, in searching for the true provenance of IT's troubles we will likely arrive at the day the me-too afflicted Fat One decided he needed another vanity project in the form of an airline.
He certainly seems determined to extract his pound of flesh. Although why he would want any more flesh defeats me.
And it isn't restricted to Kingfisher or the airline industry.
No business will want to hire anyone who doesn't have a documented clean break from the previous employer. Whilst this may be more or a requirement in India, it is commonplace everywhere.
They will blame the pilots striking work, because they weren't paid, because the accounts were frozen, because… All the while very conveniently ignoring the fact that the freeze was precipitated because Kingfisher cheated both the exchequer and the employees (twice!) by chronically failing to pay their dues.
We could go even further back and, in searching for the true provenance of IT's troubles we will likely arrive at the day the me-too afflicted Fat One decided he needed another vanity project in the form of an airline.
He certainly seems determined to extract his pound of flesh. Although why he would want any more flesh defeats me.
Last edited by jasepl; Mar 12, 2012 at 3:05 am