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          Home » TODAY IN AVIATION | Kingfisher Airlines Limited was launched today

          TODAY IN AVIATION | Kingfisher Airlines Limited was launched today

          Mahesh Darkunde by Mahesh Darkunde
          May 8, 2022
          in Today in Aviation
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          TODAY IN AVIATION | Kingfisher Airlines Limited was launched today
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          Kingfisher Airlines began operations in 2003. United Breweries Group, located in Bengaluru, owned it.

          With a fleet of four new Airbus A320-200s flying a route from Mumbai to Delhi, the airline began commercial operations on May 9, 2005, just after Mallya’s son Sidhartha’s 18th birthday, purportedly as a birthday gift.

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          Kingfisher Airlines began operations in 2003. United Breweries Group, located in Bengaluru, owned it.  Know more here
          Image credits to Kingfisher

          Dr. Vijay Mallya debuted Kingfisher Airlines at the Air India hangar in Mumbai on. May 7th night, in a fantastic evening that was the most anticipated event.

          There are several firsts here!

          Kingfisher Airlines was the first private Indian carrier to begin commercial operations after receiving a brand-new aircraft.

          In the last week of April, it received an Airbus 320 from Toulouse, France.

          This is the first time the Air India hangar has hosted a launch.

          A one-of-a-kind location ideal for a major launch.

          Credits to tvnews

          Kingfisher Fleet

          For domestic and short-haul services, Kingfisher Airlines’ fleet mostly comprised of ATR 42, ATR 72, and Airbus A320 family aircraft; and for international long-haul services, Airbus A330-200s.

          For Kingfisher Red flights, ATRs and a few aircraft from the A320 series were employed.

          AIRCRAFT TOTAL
          Airbus A319-1003
          Airbus A320-20021
          Airbus A321-2008
          Total fleet32

          At the time the airline ceased operations, it had Airbus A320, Airbus A350 XWB and Airbus A380 aircraft on order.

          Kingfisher Airlines began operations in 2003. United Breweries Group, located in Bengaluru, owned it.  Know more here
          credits to Kingfisher

          Bankruptcy And License Suspension And Cession on operations

          It began reporting losses in November 2011. The acquisition of Bengaluru-based Air Deccan in 2007 exacerbated the situation.

          Vijay Mallya and his crew were accused of failing to conduct due diligence on the airline, and it was this purchase that brought down his empire, according to N M Rothschild consultants who arranged the deal.

          Simplifly Deccan, followed by Kingfisher Red, and promotion as the domestic cheap Kingfisher airline failed to prevent losses, and Kingfisher lost over ten billion rupees (US$130 million) for three years in a row. 
          image courtesy – Finnoavia

          After failing to repay loans totaling more than 40 billion rupees (US$520 million) in. July 2014, Kingfisher Airlines became the country’s top non-performing asset.

          After nearly four years since Kingfisher Airlines declared bankruptcy, a group of. 13 Indian banks led by State Bank of India filed a petition with the Debt Recovery. Tribunal to recover its debts, which included Rs 9,000 crores owing by its promoter Vijay Mallya.

          Despite judicial procedures launched by Indian banks, Mallya had left India for the United Kingdom by that time.

          Kingfisher Airlines began operations in 2003. United Breweries Group, located in Bengaluru, owned it.  Know more here
          Credits to scroll.in

          After a protracted legal fight, British courts ordered Mallya’s extradition two years later, and. Mallya might be extradited to India if his appeal against the court order is not dismissed.

          Stay Informed with us. Subscribe us and get notified on your fingertips!

          Tags: Aviation a2zFeatured blogKingfisher AirlinesToday incident in AviationUnited Breweries GroupVijay MallyaWhat happened today in Aviation
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          Mahesh Darkunde

          Mahesh Darkunde

          Journalist - He is an Aircraft Maintenance Engineer, Mahesh has always had a knack for all things aviation. He Join Aviation A2Z as a writer nearly 2 years ago.

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