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Kingfisher Airlines history
Kingfisher Airlines company history timeline
Kingfisher Airlines was established in 2003.
The airline started commercial operations on 9 May 2005, right after Mallya's son Sidhartha's 18th birthday, reportedly as a birthday gift, with a fleet of four new Airbus A320-200s operating a flight from Mumbai to Delhi.
The acquisition of loss-making Bengaluru-based Air Deccan in 2007 made matters worse.
Its registered office was located in UB City, Bengaluru. It started its international operations on 3 September 2008 by connecting Bengaluru with London.
In November 2011, it started to report losses.
On 15 November 2011 the airline released poor financial results, indicating that it was "drowning in high-interest debt and losing money". Mallya indicated that his solution was for the government to reduce fuel and other taxes.
In December 2011, for the second time in two months, Kingfisher's bank accounts were frozen by the Mumbai Income Tax department for non-payment of dues.
On 20 October 2012, Kingfisher Airlines suspended its operations after its licence was suspended by the Directorate General of Civil Aviation after it failed to address the Indian regulator's concerns about its operations.
By early 2012, the airline accumulated losses of over ₹70 billion (US$920 million) with half of its fleet grounded and several members of its staff going on strike.
In July 2014, Kingfisher Airlines' indebtedness appeared as the country's state-owned banks' top non-performing asset after failing to repay loans of over ₹40 billion (US$520 million).
On 2 March 2016 after nearly four years of the bankruptcy of Kingfisher Airlines, the consortium of 13 Indian Banks led by State Bank of India moved the Debt Recovery Tribunal to recover its dues which included Rs 9,000 crores owed by its promoter Vijay Mallya.
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Kingfisher Airlines competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Southern Airways Express | 2013 | $92.0M | 555 | 3 |
| San Francisco International Airport | 1927 | $3.2M | 20 | - |
| Denver International Airport | - | $32.0M | 620 | - |
| Detroit Metro Airport | 1930 | $32.0M | 750 | - |
| Orlando International Airport | 1975 | $2.8M | 11 | - |
| Emirates | 1985 | $16.7B | 105,730 | 3 |
| Japan Airlines | - | $1.5T | 5 | - |
| Crystal Cruises | 1988 | $76.9M | 200 | 2 |
| Aero California | - | $420.0M | 2,000 | - |
| Bearon Aquatics | 1979 | $3.3M | 12 | 8 |
Kingfisher Airlines history FAQs
Zippia gives an in-depth look into the details of Kingfisher Airlines, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Kingfisher Airlines. The employee data is based on information from people who have self-reported their past or current employments at Kingfisher Airlines. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Kingfisher Airlines. The data presented on this page does not represent the view of Kingfisher Airlines and its employees or that of Zippia.
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