Until December 2011‚ Kingfisher Airlines had the second largest share in India’s domestic air travel market. However due to a severe financial crisis faced by the airline at the beginning of 2012‚ it has the lowest market share since April 2012. Vijay Mallya is looking at reports of Q3 of 2008 ‚ thinking that can there beany way to at least break even in this critical time of economic slowdown. Aviation industry is very sensitive industry triggered hard by the recession across the world. Kingfisher
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than 1 million passengers‚ giving it the highest market share among airlines in India. Kingfisher also won the Skytrax award for India’s best airline of the year 2011.Kingfisher Airlines is also the sponsor of F1 racing outfit‚ Force India‚ which Vijay Mallya also owns. 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
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A PROJECT REPORT ON KINGFISHER AIRLINES LTD. Overview of Airlines industry in India The aviation industry in India is one of those sectors that saw a constant pace of growth among the other industries in the world over the past many years. The open sky policy of the government has helped a lot of overseas players entering the aviation market in India. From then‚ it has only been growing in terms of players and the number of aircrafts. At present‚ private airlines
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PROJECT REPORT ON “KINGFISHER AIRLINES” [pic] Submitted in Partial Fulfillment for the Award of the Degree of Bachelor in Business Administration 2010-2012 Under the Guidance of:
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by the Directorate General of Civil Aviation. BUSINESS STRATEGY Once voted the best carrier in India‚ the business model of Kingfisher Airlines was always a recipe for disaster. Those in the aviation business were amazed and amused to see Vijay Mallya‚ splurging on the Airlines as if there was no tomorrow. KFA was an airline for people with a taste for luxury‚ while its astronomical fares pushed it out of the bounds of the country’s biggest consumer section the middle class. BUSINESS STRATEGY
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in 2011. Also the firm increased its EBIT margin from 4.3 % in 2006 to over 9.1% in 2011. Given this strong financial performance the stock has clearly outperformed the SENSEX‚ the leading benchmark index of the Bombay Stock Exchange . Dr. Vijay Mallya is the chairman of UNITED BREWERIES GROUP and Kingfisher Airlines. He is a MP in the Indian Parliament and co-owns the Formula One team Force India. Both‚ Heineken and UB Group have a 37.5% stake in UNITED BREWERIES LTD. The rest‚ 25%‚ is free
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being isolated from the world around you which is the highest defeat of the person that even after getting success he don’t found anybody to celebrate with; so ultimately it is your biggest failiure & not the success. Even the business tycoon ‘vijay mallya ‘says that his philosphy of work is ‘first work hard and then party hard’. It states that each person needs some recreation or solace in his life to shed away the stress and dullness from it. It is rightly said that human wants are unlimited
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Is Kingfisher is heading towards Bankruptcy? The financial agonies for Kingfisher Airlines (KFA) are seeming to become insurmountable. After being forced to massively scale down its operations and ground more than half of its fleet in the month of Feb 2012 when the IT-Dept froze its bank accounts over non-payment of tax dues‚ the estranged airliner has now cancelled all of its international operations and has the aviation regulator (DGCA) as well as the govt. breathing down its throat questioning
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group UB group based in Bangalore‚ is a conglomerate of different companies with a major focus on the brewery (beer) and alcoholic beverages industry. The company markets most of its beer under the Kingfisher brand. The group is headed by Dr Vijay Mallya. The UB Group was founded by a Scotsman‚ Thomas Leishman in 1857. Kingfisher‚ the Group’s most visible and profitable brand‚ made a modest entry in the sixties. During the 1950’s and 60’s‚ the company expanded greatly by acquiring other breweries
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SYNOPSIS ON “How kingfisher can manage yield to come out of current adverse situation?” Synopsis submitted to College of Management and Economic Studies for the partial fulfillment of the degree of MBA (AVIATION MANAGEMENT) Guided by: Dr. ASHISH MANOHAR URKUDE Professor College of Management and Economic Studies University of Petroleum and Energy Studies Dehradun-248001 Submitted By: VISHAKHA SONI
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