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Old Sep 8, 2011 | 6:21 pm
  #1  
Exleftseat
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Kingfisher sold?
According to a post on PPrune.org, Kingfisher airlines has been sold with details forthcoming Sep 18. Let's wait and see.
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Old Sep 8, 2011 | 9:17 pm
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planensimple
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It's unconfirmed rumor and with no reports in media, i don't find any basis for it.
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Old Sep 9, 2011 | 3:28 am
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CXBA
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wonder if the buyer is a certain Nayesh Gopal...
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Old Sep 9, 2011 | 5:02 am
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oliver2002
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which pprune thread? can't find it...
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Old Sep 9, 2011 | 12:33 pm
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manuc
 
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Originally Posted by CXBA
wonder if the buyer is a certain Nayesh Gopal...
as others have poined out, there is no mention of this anywhere and such unsubstantiated.....

not saying this is happening but if this were to happen, and i had to place a bet, my bet will be Reliance (Anil Ambani's group) and not Goyal..... they have deep pockets and if IIRC, he was interested (or rumored to be interested) in Deccan before Mallya took it over.... of course if Reliance does take over IT, it would be interesting, the reliance run IT fares will be cheaper than bus fares (Indians will recall what reliance did when they launched Reliance mobile many years ago)....
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Old Sep 9, 2011 | 12:50 pm
  #6  
planensimple
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That was Mukesh Ambani who launched it I find him to be more business minded and better suited than his younger brother.
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Old Sep 9, 2011 | 1:03 pm
  #7  
manuc
 
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Originally Posted by planensimple
That was Mukesh Ambani who launched it I find him to be more business minded and better suited than his younger brother.
+1..... and that's why i doubt Mukesh will want to throw money after civil aviation - more like a Anil Ambani venture (after all Anil made the bid for Deccan) - he can merge it with the Mumbai Metro project - a single Rs.15 ticket from Versova to Delhi
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Old Sep 9, 2011 | 3:33 pm
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Keyser
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Originally Posted by manuc
a single Rs.15 ticket from Versova to Delhi
reminds me of air tran fares back in 2000 & 2001....i used to fly from pittsburgh to nyc every weekend for anywhere between $9-$18 one way....
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Old Sep 9, 2011 | 3:59 pm
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Originally Posted by manuc
+1..... and that's why i doubt Mukesh will want to throw money after civil aviation - more like a Anil Ambani venture (after all Anil made the bid for Deccan) - he can merge it with the Mumbai Metro project - a single Rs.15 ticket from Versova to Delhi
Perfect perfect perfect :P

I'd like to hand over my card and be booked for everyday. Please charge 15 bux per one way and 28 rs for a RT Or is there a monthly pass somewhere?
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Old Sep 9, 2011 | 10:06 pm
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PVDtoDEL
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My prediction: AI bought IT so that it would get into OneWorld
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Old Sep 9, 2011 | 11:01 pm
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kiwiandrew
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Originally Posted by PVDtoDEL
My prediction: AI bought IT so that it would get into OneWorld
Now that would be funny. But seriously, AI has trouble paying wages and fuel, do you really think that they have the money to buy another airline?
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Old Sep 10, 2011 | 3:37 am
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planensimple
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As long as they have govt. backing they can make miracles happen
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Old Sep 10, 2011 | 5:20 am
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ByrdluvsAWACO
 
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I'm not sure how things work in India, but I would imagine that there would have to be some sort of communication with the govt when an airline is sold. Am I right?
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Old Sep 10, 2011 | 5:55 am
  #14  
planensimple
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Yep, as IT is a listed company it needs to notify the regulators about any such decision.
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Old Sep 10, 2011 | 7:15 am
  #15  
TPJ
 
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Originally Posted by EXLEFTSEAT
According to a post on PPrune.org, Kingfisher airlines has been sold
If Vijay has really sold IT, at least we will not have to listen to these pathetic 'I have picked the Flight Attendants personally and instructed them to threat you as guests...' announcements
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