Low-cost carrier Simplify Deccan will be rebranded Kingfisher Red, a separate brand identity from Vijay Mallya-promoted full-service carrier Kingfisher Airlines.
Low-cost carrier Kingfisher Red will shut down in four months with the airline group chief Vijay Mallya on Wednesday saying several measures have been initiated to face financial problems caused by high interest burden and burgeoning fuel costs.
IndiGo gained a market share of 14.7 per cent, closely followed by Kingfisher Red at 13.3 per cent whereas Kingfisher slipped two notches to the fifth position at 11.6 per cent. Kingfisher stood at No.3 in October, followed by Kingfisher Red and IndiGo at fourth and fifth, respectively.
Plans to remove onboard bar to create space.
The decision to close down Kingfisher Red was announced by airline group chief Vijay Mallya yesterday who said this was being done 'because we don't intend to compete in the low-cost segment'.
If you make prawns, using this very precise and methodical recipe, it is sure to turn out like it came all the way from Kerala straight to your plate.
Wondeful shots of African women and giraffes roaming Kenyan grasslands were judged the most outstanding photographs of the year.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
Air Deccan, which was renamed Simplifly Deccan after the merger with Kingfisher last year, is now called Kingfisher Red. According to the data released by the civil aviation ministry on Thursday, IndiGo's market share is 10.3 per cent, while that of Air Deccan trailed behind at 10.2 per cent.
Low cost carriers have 55 per cent of the market, up from 45 per cent in Q1 last year, and 30 per cent two years back. Does it mean India really is an LCC market? The performance of the airlines also seem to suggest that. While budget carrier Spicejet announced a small profit for Q1, all the big boys in the industry seem to be in trouble.
To add aircraft, more services this year, even as full-service airlines hold their expansion plans.
Kingfisher Airlines has begin flights between Mumbai and Nasik. The airline's offers an all inclusive fares starting at Rs 885 for travel from Nasik to Mumbai and Rs 883 for travel from Mumbai to Nasik.
Confirming the airline industry's estimates of a slowdown in the aviation sector, domestic passenger traffic for the calendar year 2008 showed a decline of 5 per cent compared to the previous year. Also, the Kingfisher-Kingfisher Red combine ousted Jet-JetLite as the largest Indian carrier combine in the month of December 2008.
The SBI chief said the bank was comfortable on the liquidity front.
Meet Bruna Rodrigues, Reyna Leyva, Alina Ray, Pallavi Das and Radhika Sahay.
A drunk British socialite reportedly stripped to her knickers and cavorted with a male passenger in full view of fellow travellers on a Kingfisher Airlines flight from Bangalore to Heathrow.
Kingfisher Red topped the list of loss-makers with Rs 79,8.34 crore (Rs 7.98 billion).
The charge sheet has now paved way for the CBI to approach authorities in the UK for deportation of Mallya.
With oil reaching record highs and competition intensifying, Captain Gopinath's chances of keeping his carrier afloat would have been more than slim. Employee's jobs and salaries would have been at stake if he had not sold to Vijay Mallya, says Anjuli Bhargava.
An official request has been made to the CBI to get a notice issued through its Interpol wing
A British socialite who was accused of indulging in obscene acts while being drunk during a Bangalore-London Kingfisher flight on March 2006, has been acquitted.
Auditors of Jet Airways, SpiceJet say the "appropriateness of the going concern basis" depends on their ability to meet obligations.
Most of India knows Deep Sidhu as the man who planted the Sikh religious flag on Red Fort.
The airline would offer Re 1 ticket to a few passengers through a lucky draw as part of its promotional campaign.
Mallya remains elusive to India as the United Kingdom informed the government that they cannot comply with their request to deport him
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
The Akali Dal is convinced that Waris Punjab De and Amritpal Singh are part of a bigger plan to create a law and order problem in the state, leading to the imposition of central rule and even the exclusion of Punjab from the Lok Sabha polls as was done in 1991.
Banks do extensive investigation before declaring an account fraud; they owe it to us as they deal with our money. Why would they try to fix an innocent borrower? asks Tamal Bandyopadhyay.
That such a deal can be greeted with celebration in the camps of both buyer and seller speaks volumes about the airline and its recent history, explains T N Ninan.
Jet Airways faces similar setback.
CJI Lalit concurred with the minority view of Justice S Ravindra Bhat who held the EWS quota as "unconstitutional" for excluding poor among SCs, STs and OBCs.
The Kingfisher model and TV presenter totally nailed the hotness thing at the FHM awards. Snapshots from the evening!
Analysts say mergers by India's airlines have not been successful so far because of their objectives: it's to either kill competition or acquire flying rights to fly international.
'Civil matters like loan recovery are being connected with criminal allegations, without any basis.'
Kayne Vincent's injury time goal enabled Prayag United shock Kingfisher East Bengal 1-0 in the I-League match at the Yuba Bharati Krinangan in Kolkata on Tuesday.
Defending champions East Bengal showed their class as they beat Pune FC 2-1, while Meghalaya club Wahingdoh shocked Churchill Brothers by a similar margin, in the Federation Cup football tournament, at the Salt Lake Stadium, in Kolkata, on Monday.
Most analysts, who have long stopped covering UB stocks because of continuing troubles, were surprised to see a sudden spike of up to 20 per cent in their share prices on Tuesday.
Jet Airways, Kingfisher shift flights to low-cost platforms; experts expect a fare war. "Every year, airlines come up with cheap fares in the summer season, but not like this year. I had never seen airlines offering 50 per cent cash-back offers. Now with Jet Konnect and Kingfisher Red, there are more flights to the routes where LCCs used to dominate," says Bhawna Agarwal, co-founder and head of air business, Yatra.com.
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