Kingfisher Airlines Limited

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BSE Code: 532747       NSE Code: KFA

Business Profile
Business Profile
Kingfisher Airlines (KFA) is a Bengaluru-based airlines. It was incorporated as a private limited company on Jun. 15, 1995 and converted into a public limited company on Mar. 14, 2005. Earlier known as Deccan Aviation, it got its present name with effect from Oct. 06, 2008. The company is part of Dr. Vijay Mallya`s UB group, which has diverse business interests in brewing, distilling, pharmaceuticals, agrochemicals, fertilizers, engineering, international trading, infrastructure, and media besides aviation. United Spirits, Mangalore Chemicals & Fertilizers, UB Global, Vittal Mallya Scientific Research Foundation, and United Breweries (Holdings) are other group companies.

Meeting global standards, the company has a fleet consisting of 85 aircrafts. Effective April 2008, the company merged with the erstwhile Deccan Aviation, a Bangalore-based company inheriting its helicopter and airplane chartering services with a fleet of nine helicopters and three fixed-wing aircraft deployed across its bases at Bangalore, Mumbai, Delhi, Bhubaneshwar, Hyderabad, Surat, Katra in Jammu and Kashmir and Sri Lanka.

An alliance was formed with Jet Airways to rationalize operations and derive maximum synergies. The alliance will include code sharing on both domestic and international flights, joint fuel management to reduce expenses, common ground handling, joint utilization of crew and sharing of similar frequent flier programs. The company has tied up with ICICI Lombard General Insurance to provide insurance cover for passengers and with Disney Publishing, a global publisher of children`s magazines and books, to provide specially-designed in-flight entertainment to children.

The registered office is located at UB Tower Level 12, UB City, 24 Vittal Mallya Road, Bengaluru-560001.

Financials
The company`s loss for the quarter ended December 2008 widened. During the quarter, the loss of the company increased to Rs 4,133.93 million compared with a loss of Rs 1,908.60 million in the same quarter previous year. Net sales for the quarter rose 2.55 times to Rs 14,478.34 million, while total income for the quarter jumped 2.52 times to Rs 14,521.14 million, when compared with the prior year period. It reported loss of Rs 16 a share during the quarter compared with loss of Rs 14 a share in previous year period.

Recent Developments
09-FEB-09
The company is targeting an equity infusion of around Rs 20 billion through strategic and financial investors and may even monetize aircraft order book over the time.

05-NOV-08
The company has announced that it has tied-up with Disney Publishing, a global publisher of children`s magazines and books, to provide specially-designed in-flight entertainment to children, reports agency sources.

Future Plans
Deccan Aviation plans to start cargo services in the next six-nine months. The company plans to launch these new services through a new subsidiary. This subsidiary would have its own fleet, but would sub-contract engineering and maintenance to Air Deccan.

The company is aiming to achieve profitability by 2008 and is adopting route rationalizing strategies in order to cut losses. It also aims to carry 8 million passengers in 2007 from the current levels of 4.5 million this year.

Other Information
Annual Reports for Kingfisher Airlines Limited
Annual Report YearDownload Annual ReportDownload Report Preview
2012-13
2011-12
2010-11
2009-10
2008-09
2007-08
2006-07
2005-06
2004-05

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