   Facing losses since its inception, in 2005   “A loss-making company acquiring another    loss-making company”- Kingfi...
   Current market cap- Rs. 1,018 crore   Debt- 7,500 crore+   95% of Dr. Mallya’s shareholdings pledged to    lenders
CRITERIA             BEFORE              NOWFleet size          63               11Market share        2                6p...
   Last recast in January 2011   Options for CDR-    1) Dr. Mallya stays on board + UB Group       invests + Banks recas...
   49% FDI in civil aviation sector   Possible parties- Qatar Airways, Etihad (Abu    Dhabi)   Political uncertainty  ...
 Ultimate option for banks’ consortium to cut  losses Options for liquidation-1) Auction- Company put up for sale (incl....
Presenting Members-1. Abhilash Kumar2. Disha Agarwal16. Vishal Garje27. Kaustubh Kokane29. Anup Kumbharikar33. Navya Sindh...
Options before Kingfisher Airlines
Options before Kingfisher Airlines
Options before Kingfisher Airlines
Options before Kingfisher Airlines
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Options before Kingfisher Airlines

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Options before Kingfisher Airlines

  1. 1.  Facing losses since its inception, in 2005 “A loss-making company acquiring another loss-making company”- Kingfisher acquires Air Deccan Airline suspended from IATA IT Dept. freezes Kingfisher Airline’s bank a/c’s Delay in payment of salaries to staff DGCA suspends SOP of Kingfisher Airlines
  2. 2.  Current market cap- Rs. 1,018 crore Debt- 7,500 crore+ 95% of Dr. Mallya’s shareholdings pledged to lenders
  3. 3. CRITERIA BEFORE NOWFleet size 63 11Market share 2 6positionLoss (Rs.) 1000 Cr. 7000 Cr.Share Price (BSE) 335(2008 peak) 12.60(Rs.)
  4. 4.  Last recast in January 2011 Options for CDR- 1) Dr. Mallya stays on board + UB Group invests + Banks recast loans 2) Banks take over the Airlines’ control + appoints new board 3) Government mediation after court order(ex. Satyam)
  5. 5.  49% FDI in civil aviation sector Possible parties- Qatar Airways, Etihad (Abu Dhabi) Political uncertainty Foreign players skeptical Long process (possibly over a year)- by when Kingfisher could possibly be beyond revival May result in distressed sale
  6. 6.  Ultimate option for banks’ consortium to cut losses Options for liquidation-1) Auction- Company put up for sale (incl. debts) ex. Satyam2) Sale of individual assets like planes, realty etc. (ex. Lessors have taken back 34 planes, airline left with 15 top operate flights)
  7. 7. Presenting Members-1. Abhilash Kumar2. Disha Agarwal16. Vishal Garje27. Kaustubh Kokane29. Anup Kumbharikar33. Navya Sindhu44. Pooja Patil53. Pranav Atrey Sharma55. Vinutha Shetty59. Shripad Telang

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