Kingfisher – AirDeccan Bhai Bhai…
A month awaited curiosity ended yesterday, Two Bangalore based Airlines tycoons became Bhai Bhai, Vijay Mallya from Kingfisher airlines is buying 26% of the stake in Air Deccan and now one can see the smile and relax on Captain Gopinath face, Mr.Gopinath had gone through tough time last couple of months as the Air Deccan was running with loss for 200+ cr.
The news of marriage between KF & AD came a month ago, But Mr.Gopinath was not ready to accept the fact,Infact every time he escaped from press, Last one month the share prices of AD increased 40% + by the news of acquisition.
Air Deccan is well know for low airfare, poor customer service and delayed flight schedules, Kingfisher is know for little costlier in the budget airlines, good customer services, eye and mouth candies.
Well, with the marriage between AD & KF will cut the loss of AD? Will both rule in Indian domestic sector? Will they grab the profit to maximum? No idea, I am not a business analyst.
As a customer I am eagerly waiting for competitive air fares, better customer service & timely schedules with Mallya and Gopinath, will they reach common man with all this? time should answer.
Good Luck Mallya & Gopinath.
Whats disappointing is Captain Gopinath’s statement that they wont change the operating style :(
It is inevitable that AirDeccan will have to change its operating style. There is no way that anyone would pay 550 crores and allow the bleeding to continue.
I think that the fares will rise somewhat, they desperately need to get the revenues up. Some routes may be scrapped. I don’t think that the cost side can be changed too much, without worsening the already bad service of AirDeccan.
One thing for sure, Mallya is going to keep an arms length between the two. He definitely won’t allow Air Deccan to dilute the Kingfisher brand.
“…eye and mouth candies.”
WTF? Do we live in the 1950’s? This kind of phrasing went out with the dinosaurs. I’m sure you think it’s whippity witty but it’s just distasteful.
wat a Post. all air lines are making total loss.. the kingfisher is making more loss then Air deccan.. But kingfisher is costly and Airr deccan is Cheap.
Let the prices to cochin drop..
Any mallu writers here…