September 25, 2017 8:55 PM ET

Airlines

Company Overview of Kingfisher Airlines Limited

Company Overview

Kingfisher Airlines Limited provides air transportation services in India and internationally. The company offers scheduled and unscheduled aircraft passenger and cargo services, including charter services. As of March 31, 2013, it operated a fleet of 26 aircraft. The company was formerly known as Deccan Aviation Limited and changed its name to Kingfisher Airlines Limited in September 2008. Kingfisher Airlines Limited was incorporated in 1995 and is based in Mumbai, India.

Kingfisher House

Western Express Highway

Vile Parle (East)

Mumbai,  400099

India

Founded in 1995

2,851 Employees

Phone:

91 22 2626 2200

Fax:

91 22 6702 0625

Key Executives for Kingfisher Airlines Limited

Chairman and Managing Director
Age: 62
Chief Financial Officer and Executive Vice President
Age: 65
Senior Vice President of Operations & Training
Age: 67
Chief Information Officer and Senior Vice President
Age: 51
Senior Vice President of Ground Services
Age: 48
Compensation as of Fiscal Year 2017.

Kingfisher Airlines Limited Key Developments

Auction Fails For Kingfisher House And Kingfisher Villa

Kingfisher Airlines Limited is seeking to sell Kingfisher House and Kingfisher Villa in Goa. The auction of two plush properties proved to be a damp squib once again on March 6, 2017 with not a single bid coming in. The 17-lender consortium led by State Bank could find no buyers despite reducing the reserve prices for both the properties by nearly 10% to recover loans running into thousands of crores of rupees from the airline that got grounded in 2012 under a huge financial burden.

Lenders To Auction Two Kingfisher Airlines Properties On March 6, 2017

Two prime assets, Kingfisher Housein the city and Kingfisher Villa in Goa of Kingfisher Airlines Limited will be auctioned on Monday 6, 2017 by banks to recover their loans to the long-defunct airline started by defaulter businessman Vijay Mallya. While Kingfisher House will be put under the hammer for the fourth time after three failed attempts, Kingfisher Villa is being put on sale for the third time. The reserve prices for both the properties owned by Mallya have been lowered after the earlier attempts of the 17-lender consortium failed to attract bidders.

Lenders Put Kingfisher Airlines On The Block

Kingfisher Airlines Limited again has been put on auction with a 10% reduction in the reserve prices. The Kingfisher House and Kingfisher Villa are the two buildings to be sold in the auction. The auctions of prime assets are schedule for March 6, 2017. The reserve price of Kingfisher House is set at INR 1.035 billion when the reserve price was kept at INR 1.15 billion. The lendeINR have kept reserve price of the Kingfisher Villa at INR 730 million, earlier which was INR 852.9 million. The key lendeINR include- AXIS Bank Limited (BSE:532215), The Federal Bank Limited (NSEI:FEDERALBNK), Allahabad Bank (BSE:532480), Punjab National Bank (BSE:532461), IDBI Bank Limited (BSE:500116), Bank of Baroda (BSE:532134) and State Bank of India (NSEI:SBIN).

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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