A study on Vijay Mallya Scam Case: Vijay Vittal Mallya, once known to you and me as ‘The King of Good Times’ or also dubbed ‘ The playboy of the East’ was born to the Indian Entrepreneur Vittal Mallya in 1955. Vittal Mallya was largely known for the role played as the director of United Breweries (UB) Group which he achieved at the age of 23. Following his father’s sudden demise Vijay Mallya became chairman of the UB Group.Vijay Mallya was always known for his flamboyant and posh lifestyle. A testament to these were the lavish New Year Parties at his Kingfisher Villa in Goa or the birthday bashes thrown on his luxurious Yacht ‘ The Indian Empress’.
This is the case related to air india, here it is shown that how air india is competing with the other airlines without any good marketing strategy. In this case you will find that air India's customer service in aviation industry. figure and charts would show the financial part of air india.
Privatization of Air India is all the government could do to save it. The ppt analyze the reasons for the fall of Maharaja and suggest solutions on the issue.
A project report on how kingfisher airlines went from being the largest domestic airline to being locked out in the cold. Marketing management, Marketing mix, marketing strategy, productivity and efficiency, current ratio, and it failures
A study on Vijay Mallya Scam Case: Vijay Vittal Mallya, once known to you and me as ‘The King of Good Times’ or also dubbed ‘ The playboy of the East’ was born to the Indian Entrepreneur Vittal Mallya in 1955. Vittal Mallya was largely known for the role played as the director of United Breweries (UB) Group which he achieved at the age of 23. Following his father’s sudden demise Vijay Mallya became chairman of the UB Group.Vijay Mallya was always known for his flamboyant and posh lifestyle. A testament to these were the lavish New Year Parties at his Kingfisher Villa in Goa or the birthday bashes thrown on his luxurious Yacht ‘ The Indian Empress’.
This is the case related to air india, here it is shown that how air india is competing with the other airlines without any good marketing strategy. In this case you will find that air India's customer service in aviation industry. figure and charts would show the financial part of air india.
Privatization of Air India is all the government could do to save it. The ppt analyze the reasons for the fall of Maharaja and suggest solutions on the issue.
A project report on how kingfisher airlines went from being the largest domestic airline to being locked out in the cold. Marketing management, Marketing mix, marketing strategy, productivity and efficiency, current ratio, and it failures
This presentation is related with Oil and Gas industry. In Pakistan, OGDCL is regulatory authority for oil and gas distribution. In this presentation, complete financial analysis of OGDCL is done to explain how big organizations works.
Useful for commerce, finance, accounting, business students.
Introduction Kingfisher Airlines Ltd- was owned by biggest liquor tyco.pdfsaurabhmehramehra
Introduction Kingfisher Airlines Ltd. was owned by biggest liquor tycoon of India with an
ambition to become an industry leader. Growing share in aviation market, wide number of
destinations and numerous awards, depicted a very attractive and innovative picture for the
company. Kingfisher airlines achieved success in gaining customer satisfaction by offering great
and comfortable flying experience to its passengers. However, in the Indian aviation sector,
Kingfisher Airlines had a short but lasting impression. By the end of 2011, Kingfisher Airlines
suffered a huge financial erisis. Kingfisher Airlines, UB Holdings Lid. was provided loan by
many private and public sector banks in India, considering the reputation of its CMD. He was
unable to repay loans to many public sector banks, however private banks recovered all loans.
Background of the Company Kingfisher Airlines was established in the year 2003 and owned by
the United Breweries Group which is based in Bengaluru. It came into the aviation market at a
time when the low cost airlines had galvanized the market and made air-travel available to every
Indian. On 9th May 2005 Kingfisher airlines started commercial operations with four brand new
Airbus A320-200s, which operated between Delhi and Mumbai on a daily basis. The company
aimed to provide world class facilities and lead the competition in products well as service
offerings, with brand new planes and excellent facilities like: hot meals, comfortable seats,
personalized entertainment and treating passengers as "guests". With this kind of an approach,
the company started with 4 flights in a day between Delhi and Bangalore, and further inereased it
to 104 flights per day by introducing 17 airerafts and connecting 16 cities in one year and setting
record in 2005-2007, of fastest airplane induction. By the year 2006, the Airlines achieved a five-
star status and were popular among the business class travellers. It also offered personalized live
in-flight entertainment by collaborating with Dish TV India Limited. By connecting Bengaluru
with London, the airline commenced its intemational operations on 3rdSeptember 2008. During
the year 2008, the company attained the reputation for being the only five star air travels in India
and came to be known for rendering excellent flight services to its travellers and maintained its
position for the next three years.In 2009, Kingfisher won numerous accolades across the globe
and it was one of the only seven airlines which got 5 -star rating by Skytrax. Eventually it
became thelargest airline of the second most populated country in the world with 26.7% share in
aviation market. Kingfisher Airlines operated around 250 daily flights. In May 2009, Kingfisher
Airlines got the highest share in aviation market among all the airlines in India by carrying more
than I million passengers. There was a time when Kingfisher airlines was one of the best rated
airline in India and got success in gaining customer satis.
Life journey of Vijay Mallya from bang to bust along with all details like business owned by him,financial data,his interest and most important business strategy also.
Strategic Mistakes That Led To The Failure Of Kingfisher AirlinesSourav Giri
Industry Overview
Introduction to UB Group & KFA
Industry Analysis Based on Porters Five Forces
Identification of Crisis & Reasons for Failure
Identification & Analysis of Strategic Risks
Critical Mistakes in Decision Making & Strategy
Conclusion
Air India Downfall-A case study of a drowning ship.
Diksha Singh , LL.M (Investment and Securities Law)
National Institute of Securities Market, Maharashtra
email- dikshasingh1860@gmail.com
The Indian Hotels Company Limited is a holding company. The Company is engaged in short-term accommodation activities, and restaurants and mobile food service activities.
ESI Scheme of India, is a multidimensional social security system tailored to provide socio-economic protection to worker population and their dependents covered under the scheme.
It’s the art and science of talking to the right audience in the right voice. It influences and shapes a company’s image, reputation, brand perception and culture.
Stimulus-response Model Of Buyer Behavior
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Solomon Model Of Comparison Process
Nicosia Model
Howard-sheth Model
Engel-kollat-blackwell Model
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
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3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
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1. Introduction and Key Concepts of Sustainability
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Case study on Kingfisher Airlines
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THE KING WITHOUT FISHES...!!!
[CASE ON CRISIS OF KINGFISHER AIRLINES]
Prof. Bhavik M. Panchasara
Marwadi Education Foundation’s Group of Institutions, RajKot, bhavikpanchasara@gmail.com
ABSTRACT
Indian Aviation Industry is one of the fastest growing markets in the world. But nowadays it is in the news due to
different reason. And that is the failure of one of the leading aviation player - Kingfisher Airlines. The airline has
been facing financial issues for many years. Till December 2011; Kingfisher Airlines had the second largest share
in India's domestic air travel market. However due to the severe financial crisis faced by the airline, it has the fifth
largest market share currently. Even the company have no funds to pay the salaries to the employees and is facing
several other issues like fuel dues; aircraft lease rental dues, service tax dues and bank arrears. This case outlines
the financial turmoil of the Kingfisher in detail.
Keywords: Aviation industry, Kingfisher Airlines, financial turmoil, financial issues, crisis and debt restructuring
INTRODUCTION:
The airline has been facing financial issues for many
Kingfisher Airlines is an airline group based in India.
years. Till December 2011; Kingfisher Airlines had
Its head office is The Qube in Andheri (East),
the second largest share in India's domestic air travel
Mumbai; and Registered Office in UB City,
market. However due to the severe financial crisis
Bangalore. Kingfisher Airlines was established in
faced by the airline, it has the fifth largest market
2003. It is owned by the Bengaluru based United
share currently, only above Go Air. Kingfisher
Breweries Group. Kingfisher Airlines, through its
Airlines is one of the only seven airlines awarded 5-
parent company United Breweries Group, has a 50%
star rating by Skytrax along with Cathay Pacific,
stake in low-cost carrier Kingfisher Red. The airline
Qatar Airways, Asiana Airlines, Malaysia Airlines,
started commercial operations in 9 May 2005 with a
Singapore Airlines, and Hainan Airlines. Kingfisher
fleet of four new Airbus A320-200s operating a flight
operates 250 daily flights with regional and long-haul
from Mumbai to Delhi. It started its international
international services. In May 2009, Kingfisher
operations on 3 September 2008 by connecting
Airlines carried more than 1 million passengers,
Bengaluru with London.
giving it the highest market share among airlines in
India. Kingfisher also owns the Skytrax award for
India's best airline of the year 2011.
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suffered a loss of over Rs. 1,000 crore for three
STARTING OF THE CRISES:
executive
years.
By
early
2012,
the
airline
Ever since the airline commenced operations in 2005,
accumulated the losses of over Rs. 7,000 crore with
the company is reporting the losses. But the situation
half of its fleet grounded and several members of its
became more horrible after acquiring the Air Deccan
staff going on strike. Following table 1 highlights
in 2007. After acquiring the Air Deccan, the company
losses of the company since inception:
Table 1: Net Reported Losses and debts since inception (Rs. In Crores)
Year
Mar-11
Mar-10
Mar-09
Mar-08
Jun-07
Jun-06
Mar-05
-1027.4
-1646.22
-1608.83
-188.14
-419.58
-340.55
-16.79
Secured Loans
5,184.53
4,842.43
2,622.52
592.38
716.71
448.16
159.42
Unsecured Loans
1,872.55
3,080.17
3,043.04
342.00
200.00
3.50
125.06
Loss
DEBT RESTRUCTURING:
CRISIS TILL CONTINUE:
In the situation of loss and tough financial
Debt restructuring also couldn’t change the
condition, the company went for more loans. Table 1
game. By restructuring, company had reduced the
shows the portion of secured and unsecured loans
interest charges by Rs. 500 crores every year, but due
taken by the company. Due to heavy burden of debt
to the high leverage condition and increase in cost,
and interest, in November 2010, the company
the company started to face the liquidity problem.
adopted the way of debt restructuring and under that
The company had no funds in hand and it created the
total 18 leading lenders, those have landed total Rs.
following payment problems.
8,000 crores, agreed to cut interest rates and convert
part of loans to equity. As per the contract, lenders
DELAYED SALARY:
have converted Rs. 650 crores debt into preference
shares which will be converted into equity when the
Kingfisher Airline has staff strength of 6,000
company lists the on the Luxembourg Stock
and spends
Exchange by selling global depositary receipts
to the first quarter financial results, it has
(GDR). Shares will be converted into ordinary equity
crore under the employees cost head, which has
at the price at which the GDRs are sold to investors.
increased from
Besides the
quarter last year. Kingfisher Airlines delayed salaries
1,400 crore debt which will be
converted into preference shares, another
58 crore on salaries a month. According
173.66
163.40 crore during the same
800 crore
of its employees in August 2011, and for four months
debt has been converted into redeemable shares for
in succession from October 2011 to January 2012.
12 years. Due to debt restructuring, the company able
Kingfisher also defaulted on paying the Tax
to down the average interest rate to 11% and to save
Deducted at Source from the employee income to the
Rs. 500 crores every year in interest cost.
tax department.
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denied that it missed the payments. GECAS had
FUEL DUES:
filed a complaint with DGCA saying Kingfisher
In the past several years, Kingfisher airlines
had defaulted on rentals for four A320 aircraft,
had trouble paying their fuel bills. Due non-payment,
and sought repossession of the planes. In Jan
several Kingfisher's vendors had filed winding up
2009, The Karnataka High Court rejected
petition with the High Court. As on Nov 2011,
petition by Kingfisher Airlines to restrain
winding up petition of seven creditors was pending
GECAS from taking any step to deregister and
before the Bangalore High Court. In the past
repossess the 04 aircraft in dispute. As a result,
Lufthansa Technik & Bharat Petroleum Corporation
Kingfisher had to return the A320 aircraft to
Limited (BPCL) had also filed winding up petition
GECAS.
against Kingfisher Airlines. Here are some cases:
DVB: In Jul 2010, DVB Aviation Finance Asia
Ltd (a lessor from Singapore), sued Kingfisher
Airlines for lease rental default. Case was filed in
(ATF) supplies for about two hours to Kingfisher
a UK court on Jul 16, 2010 after Kingfisher did
airlines owing to the non-payment of dues.
not pay for three month lease rental for A320
Situation was later resolved.
HPCL: In Jul 2011, Hindustan Petroleum
Corporation Limited (HPCL) stopped the fuel
aircraft it leased from DVB.
BPCL: Bharat Petroleum Corporation in 2009
had filed a case against Kingfisher airlines for
AAI REPORTS:
non-payment of dues. High court in an order said
that the entire amount 245 crore had to be paid
Kingfisher received a notice from the
by Nov 2010 and the airline paid it in
Airports Authority of India on February 2012
instalments.
regarding accumulated dues of
255.06 crore. The
airline was operating on a cash and carry basis for the
AIRCRAFT LEASE RENTAL DUES:
last six months, with daily payments amounting to
0.8 crore.
Since 2008, it has been reported that
Kingfisher Airlines has been unable to pay the
SERVICE TAX:
aircraft lease rentals on time. Due to that, the
Kingfisher Airlines has grounded 15 out of 66 aircraft
On 9 December 2011, S.K. Goel, chairman,
in its fleet as it was unable to meet the maintenance
Central Board of Excise and Customs (CBEC)
and overhaul expenses. Here are the some major
announced that CBEC is considering legal action
issues with:
against Kingfisher for not paying service tax. As on
10th Jan 2012, Kingfisher Airlines has service tax
GECAS: In Nov 2008, GE Commercial Aviation
arrears of 70 crore. The Ministry of Finance has
Services threatened to repossess 04 leased planes
given a concession to Kingfisher and instructed them
in lieu of default. Kingfisher Airlines initially
to pay the dues by 31st Mar 2012. In Jan 2012,
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Kingfisher paid
20 crore towards its dues for
December 2011 and part of the arrears.
operational by February 20. With this, Kingfisher's
market share clearly dropped to 11.3%. The
cancellation of the flights was accompanied by a
13.5% drop in the stocks of the company on 20
BANK ARREARS:
February 2012. The CEO of the airlines, Sanjay
Kingfisher Airlines had not paid some
Agarwal was summoned by the Directorate General
bankers (Lenders) as per the Debt Recast Package
of Civil Aviation to explain the disruptions of the
(DRP) with lending banks. Till the end of Dec 2011,
operations.
the arrears were estimated to be 260 crore to 280
The State Bank of India, which is the lead
crore. Lenders hence had told Kingfisher Airlines to
lender to Kingfisher airlines said that they would not
clear its dues before they can release any more money
consider giving any more loans to Kingfisher unless
sought by the Airline. Ravi Nedungadi, chief
and until it comes up with a new equity by itself.
financial officer of UB Group however said that the
Political activists also claimed that bailing or helping
arrears were 180 crore. State Bank of India (SBI) on
a private airline would lead to problems within the
5th Jan 2012 declared Kingfisher Airlines a NPA.
Government. By February 27, Kingfisher operated
SBI is largest creditor and the leader of the
only above 150 out of its 400 flights and only 28
consortium of banks in the DRP (Debt Recast
aircraft were functional. Reuters reported that if
Package) and has an exposure of
1,457.78 crore.
Kingfisher were to shutdown, it would be the biggest
Thus, by Feb 2012, Kingfisher has been declared
failure in the History of Indian Aviation. It was
NPA by following banks:
announced that the direct flights to the smaller
airports of Jaipur, Thiruvananthapuram, Nagpur and
State Bank of India
also to Hyderabad's Rajiv Gandhi International
Bank of Baroda
Airport were all shut down and only one/two-stop
Punjab National Bank
flights from its main hubs of Delhi and Mumbai
IDBI
would operate.
Central bank of India
In response to a situation as bad as
Bank of India
bankruptcy, Vijay Mallya announced that he had
Corporation Bank
organized funds to pay all the employees' overdue
salaries. With bank accounts frozen and huge debts
due, it is unknown so as from where he arranged the
THE CRISIS CONTINUE:
money. But he apologized to his workers and said
During late February, 2012, Kingfisher
that he would pay them immediately. By this time,
Airlines started to sink into a fresh crisis. Several
kingfisher had accumulated losses of
444 crore
flights were cancelled and aircraft were grounded.
during the third quarter of the fiscal year 2011-12.
The airline shut down most international short-haul
operations and also temporarily closed bookings. Out
of the 64 aircraft, only 22 were known to be
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Government has refused for bailing and all the
FROZEN BANK ACCOUNTS:
lenders and bankers have no more trust. The
On March 3, 2012, The Central Board of
employees are also not able to tolerate the salary
Excise & Customs of India froze many more
crisis and the slipping market share leads the more
Kingfisher accounts as it was unable to pay all the
difficulties.
dues as per schedule. Kingfisher was meant to pay
Promoter Vijay Malya has to decide the way
1 crore per working day. Aviation minister Ajit Singh
ahead. Whether is it possible to save the company?
warned the airline about the temporary suspension of
There are very few alternatives. As per the previous
the license until the crisis was sorted out. He
news, Etihad Airways was interested in investing in
announced that the rest of the airline's fleet would be
Kingfisher by providing equity in exchange for a
grounded and all flights cancelled until the crisis
stake in the airline. Also involved in the talks was the
came to an end. This would be only one step from
International Airlines Group, owner of British flag
permanently closing the airline.
carrier British Airways and Spanish flag carrier
Iberia. But the question is the permission by
Government. So at present there is very tough
IATA SUSPENSION:
situation for Vijay Malya and for the company. Will
On March 7, 2012 IATA suspended ticket
sales of Kingfisher airlines citing non-payment of
new fiscal year bring any solution for the company?
Let’s wait and watch.
dues as the primary reason, and they said that sales
services will only be restored once Kingfisher settles
QUESTION FOR DISCUSSION:
ICH (IATA Clearing House) account. IATA also
immediately directed all travel agents to stop booking
1.
tickets for Kingfisher. This would affect Kingfisher's
business by around 30%. Kingfisher claimed that
Is the Problem of Kingfisher Airlines Industry
Specific or Company Specific?
2.
frozen bank accounts was the main cause of being
What is the Impact of High Level of Debt on the
operating performance of company?
unable to pay the IATA, and the airline started
3.
Should Government bailout Kingfisher Airlines?
making alternate arrangements for the sale of tickets.
4.
According to you, what are the possible ways for
Soon it became difficult for the airline to follow the
the company to overcome this situation?
much smaller schedule that it earlier released as even
more pilots began to go on strike.
TEACHING NOTES
UNCERTAINTY AHEAD:
1.
The purpose of the case is to make the students
aware about the situation of financial crisis in
After analysing the entire scenario, there are
strong possibilities of more difficult situation in the
any organisation.
2.
The issues involved in the case are about the
last month of fiscal year 2011-12. The company is in
financial turmoil and its effects on the business
dilemma
and market share of the company.
BAUDDHIK
of
finding
help,
but
from
where?
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6. EISSN 2277-4955
3.
The case would be first given for individual
other factors related to the aviation industry in
reading for 15 min and then for 15 min the case
detail.
can be discussed in groups of 4-5 students.
4.
6.
Cross reference can be made taking into account
The case can be taught along with the concepts
the strategies used by the local,
national and
like ways to overcome the crisis and surviving
international players to capture the slipping
strategies required to save the organisation
market of the falling organisation.
keeping in mind the possible different options
available.
5.
REFERENCES:
The students can come prepared with topics of
prevailing crisis in Indian aviation industry and
http://www.flykingfisher.com/media-
http://profit.ndtv.com/News/Article/aai-warns-
center/press-releases/kingfisher-airlines-
kingfisher-airlines-to-settle-dues-297284
announcement.aspx
http://articles.economictimes.indiatimes.com/2
http://in.finance.yahoo.com/news/kingfisher-
010-09-26/news/27585421_1_cash-and-carry-
airlines-q3-loss-widens-033419822.html
mode-bpcl-s
http://timesofindia.indiatimes.com/india/Kingfi
chairman-kingfisher-airlines
sher.../12258986.cms
http://timesofindia.indiatimes.com/business/india-
http://articles.economictimes.indiatimes.com/2
011-12-08/news/30490358_1_pilots-industrial-
business/Kingfisher-may-have-to-weather-pilotstorm-next/articleshow/12214372.cms
action-kingfisher airlines
Annexure 1: Market share of Kingfisher Airlines as on January 2012 in the domestic Aviation
Airline/Company
% Share
Jet Airways (Including Jet Lite)
28.8%
Indigo
20.8%
Air India
17.1%
Spice Jet
16.3%
Kingfisher
11.3%
Go Air
5.8%
Source: http://in.finance.yahoo.com/news/kingfisher-airlines-q3-loss-widens-033419822.html
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7. EISSN 2277-4955
Annexure 2: Price Movement and Performance Charts of Kingfisher Airlines
Annexure 3: Index Comparison and Ownership Pattern of Kingfisher Airlines
Source:http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532747
Annexure 4: Comparative Balance Sheet of Kingfisher Airlines [Rs. In crores]
Sources Of Funds
Total Share Capital
Mar '11
Mar '10
Mar '09
Mar '08
Jun '07
Jun '06
Mar’05
1,050.88
362.91
362.91
135.80
135.47
98.18
16.20
497.78
265.91
265.91
135.80
135.47
98.18
16.20
Share Appl. Money
2.95
7.48
8.11
10.09
0.00
0.00
0.00
Pref. Share Capital
553.10
97.00
97.00
0.00
0.00
0.00
0.00
Reserves
-4,005.02
-4,268.84
-2,496.36
52.99
249.23
125.95
-2.54
Net worth
-2,951.19
-3,898.45
-2,125.34
198.88
384.70
224.13
13.66
Equity Share Capital
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