|
''Kingfisher Airlines'' (IATA:IT; ICAO:KFR; Callsign:KINGFISHER) 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 A320-200s operating a flight from Mumbai to Delhi. It started its international operations on 3 September 2008 by connecting Bengaluru with London. Kingfisher's head office is located in Kingfisher House Western Express Highway Vile Parle (E) Mumbai – 400099 India and its registered office is located in UB City, Bangalore.〔"()." Kingfisher Airlines. Retrieved 12 January 2012. "Kingfisher Airlines Limited Kingfisher Airlines Limited The Qube, C.T.S. No. 1498 A/2, 4th Floor, M.V. Road, Marol, Andheri (East), Mumbai – 400 059 India "〕〔ENS Economic Bureau. "(Jet, Kingfisher trying to fly in formation )." ''Indian Express''. Tuesday 14 October 2008. Retrieved 25 August 2009.〕 Its head office was previously in the Kingfisher House in Vile Parle (East), Mumbai.〔"(Contact Us )." Kingfisher Airlines. Retrieved 25 August 2009. "Kingfisher Airlines Limited Kingfisher House Western Express Highway Vile Parle (E) Mumbai – 400099 India "〕 In 2012 Vijay Mallya was trying to sell the Vile Parle Kingfisher House.〔"(Kingfisher house, Gandhi relics up for sale? )" ''Mid Day''. 12 March 2012. Retrieved 15 March 2012.〕 The airline had shut down its operations when on 20 October 2012 the DGCA suspended its flying license. This suspension had been due to failure to give an effective response to the show-cause notice issued by DGCA. However, The airline had locked out its employees for several days before this suspension. On 25 October 2012, the employees agreed to return to work. On 7 June 2010 Kingfisher became a member elect of the Oneworld airline alliance when it signed a formal membership agreement. Kingfisher confirmed on 20 December 2011 that it will join the Oneworld airline alliance on 10 February 2012. Kingfisher would have been the first Indian carrier to join one of the big airline alliances.〔(Kingfisher to officially join Oneworld Alliance in February 2012 )〕 However on 3 February 2012, owing to bad financial situation and two days after the International Air Transport Association (IATA) clearing house suspended Kingfisher Airlines; the airlines participation to Oneworld has been put on hold. ==Financial unrest== The crisis started with the freezing of the bank accounts of the airline by the Indian Income Tax Department. Following are the year by year financial results of Kingfisher Airlines, all values are depicted in Indian rupee (INR) crore except EPS, which is in plain INR. In November 2010, Kingfisher Airlines completed restructuring of debt, with all 18 lenders agreeing to cut interest rates and convert part of loans to equity. Lenders have converted 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 debt which will be converted into preference shares, another debt has been converted into redeemable shares for 12 years.〔 Airline's average interest rate is now down to 11%, helping the airline save 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 25 November 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: #Conversion of debt of up to from lenders into share capital.〔 #Conversion of debt of up to from promoters into share capital. #Re-scheduling of repayment of the balance debt to lenders over 9 years with a moratorium of 2 years. #Reduction in interest rates. #Sanction of additional fund and non-fund based facilities by the lenders. The recast plan involved the issuing of the following types of preference shares. In addition to these issues, 9,700,000 units of 6% Redeemable Preference Shares of each issued to United Breweries (Holdings) Ltd. (Promoter Company) were converted to 97,000,000 units of 6% Compulsorily Convertible Preference Shares of each. Kingfisher Airlines, in November 2011 was attempting for a second debt recast. However a second debt recast has been ruled out by the Government of India. The Minister of State for Finance made a statement on 9 December 2011. Kingfisher Airlines has pledged its brand as collateral with its lender consortium for . The brand valuation was done by Grant Thorton in 2010.〔 Reportedly the Brand has been valued and loan raised worth triple the carrier's market value. On 6 July 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. 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 its entire holding to the lenders. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「History of Kingfisher Airlines」の詳細全文を読む スポンサード リンク
|