Aerospace Diary

Neelam Mathews Jan 10, 2012 Letter sent out to Kingfisher employees immediately after em ployees of  Kingfisher Airlines  (KFA) threatened to file a winding up petition against the company on its inability to pay them salaries. Our humble comments are in BLUE Subject: Update Dear Colleagues I would like to wish you all a happy new year and take this opportunity of sharing important information with you. It's  9 days since the year started! 1. Re-Start - we have submitted a detailed restart plan to the DGCA which is in two parts. The first part deals with a limited re-start utilising 7 aircraft ramping up to 21 aircraft in 4 months. The second part is a full scale rehabilitation of our Airline growing to 57 aircraft within 12 months of recapitalization. Both plans contain detailed information on key assumptions and funding requirements including payment of outstanding salaries to employees. This plan has omitted giving NOCs required, we hear. S...

Posted by- Neelam Mathews Feb 18, 2012 In true Kingfisher style, have finally got a statement a few minutes back, reproduced below.  For some reason, the night owl  - as always- is at work here. There have been no references to the Kolkata airport issue. If KF sees that news as sensational, it needs to get its house in order! No reason has been given as to why it will take 4 days to get back to normal ops, besides bird strikes, that seem to be the perrogative of Kingfisher alone. As usual, it is the media to blame for sensationalizing hard facts such as AOGs that have increased, etc etc.   Here is the statement- 1.     With great respect to our friends in the media, it is not desirable to magnify or sensationalise any issue pertaining to Kingfisher Airlines. 2.     We would like to categorically state that we have not shut any stations nor do we have any intention of doing so . 3.     Admitt...

Neelam Mathews Jan 9, 2012 Aerospace Diary has learnt the consortium of banks that has lent funds to Kingfisher Airlines, is meeting with the carrier's  top management in Bangalore today. It is not clear if Chairman Vijay Mallya will attend. "Kingfisher is a NPA (non-performing asset) for us. They are in default," SBI chairman Pratip Chaudhuri said in New Delhi recently. SBI is the airline's largest creditor of the consortium of banks with Rs 1,457.78 crore. SBI had asked Kingfisher to repay Rs 500 crore loans to upgrade to standard assets within 90 days. Aerospace Diary has also learnt Kingfisher may add another member to its senior management team soon.