Pieter C. 5 Report post Posted August 21, 2007 UB Group Plans US Flights In 2008 August 21, 2007 India's UB Group plans to start flights to the United States by April 2008 through either Kingfisher Airlines or Air Deccan, in which it recently bought a stake, chairman Vijay Mallya said on Tuesday. UB filed applications with U.S authorities two weeks ago for flights from India's IT hub of Bangalore to New York and San Francisco, he said. India only permits airlines that have been operational for at least five years to fly overseas. Private airline operators have been lobbying for that rule to be relaxed as the domestic market gets increasingly crowded and competitive. "Air Deccan will be five years old in 2008. If norms for flying abroad are not relaxed, we will fly Air Deccan," Mallya told reporters on the sidelines of a business conference. UB (Holdings) owns 83 percent in two-year-old Kingfisher. It bought 26 percent in budget carrier Deccan Aviation in May and has made an open offer to buy a further 20 percent. The offer was delayed after India's capital market regulator earlier this month raised queries on the funding for the offer. Mallya said funds were already in place to cover the offer. Deccan's managing director, G.R. Gopinath, said the firm hoped to start making a profit from the first quarter of the financial year 2008/09. Kingfisher and Deccan, which together have more than 30 percent of the domestic market, compete with state-run Air India and private airlines including Jet Airways, SpiceJet, GoAir and IndiGo. (Reuters) Share this post Link to post Share on other sites
KK Lee 5 Report post Posted August 22, 2007 Jet Airways to take on Malaysia Airways in the US 22 August 2007 The entry of Jet Airways into the US-India sector has already created an impact on other airlines, including India's official carrier Air India (AI) and the Dubai-based Emirates, both of which rely heavily on the financially strong Indian-American community for traffic. The airline uses a brand new B777-300ER aircraft to fly from Mumbai via Brussels to Newark International Airport in New Jersey. It emphasises its 'excellent service', 'modern aircraft' and 'comfortable seats with more legroom', Jet Airways has also spared no expenses in publicising its services. Now, Jet Airways is looking at a new source of traffic — the Malaysian Indian community in the US, mostly comprising Tamils, many of whom would not mind stopping over in India for a day or two before taking a connecting flight to Kuala Lumpur — and could become a formidable competitor to Malaysia Airlines (MAS) in the United States. Huge advertisements are appearing in ethnic print and broadcast media that caters exclusively to Indians living in the US as also persons of Indian origin (PIO), as the Indian diaspora, including Malaysian-Indians, is referred to. What is more, US-based Malaysian Indians seem to be listening. Many of them would like to stop in India for a couple or days or even more, to get a taste of their ancestral roots in Tamil Nadu, before flying onto Kuala Lumpur. Malaysia Airways, which once had strong business from the Indian community in the US, has seen interest decline ever since it dropped its stopover in Dubai three years ago. The cash-rich Indian-American community has a weakness for Dubai's huge duty-free shopping mall at the airport, and found Malaysian flights attractive because they made stopovers in Dubai. They did not even mind spending a day or two in Kuala Lumpur, before taking a connecting flight to India. Three years ago, MAS started operating via Stockholm to Kuala Lumpur, and lost its foothold in the Asian community. MAS argues that its Stockholm route generates "excellent business" from Swedish travellers going to Thailand via Malaysia. Since then, the Dubai-based Emirates Airlines has stepped in to take up the slack, increasing its thrice weekly service from New York to a thrice daily service, thanks to the huge patronage from America's South Asian community. Official carrier Air India, which has introduced a non-stop flight from New York to Mumbai, will be locked in fierce competition with Jet Airways. Both airlines are beefing up their services. Jet will introducing another daily flight between Delhi and Toronto via Brussels from 5 September, while AI will start daily flights from New York to Delhi and San Francisco to Bangalore before the end of the year. http://www.domain-b.com/aero/Aug/2007/20070822_take_on.htm Share this post Link to post Share on other sites
Pieter C. 5 Report post Posted September 28, 2007 Deccan Aviation Quarterly Loss Widens September 28, 2007 India's Deccan Aviation, which owns budget carrier Air Deccan, reported a wider net loss for the quarter to June 2007, hit by lower air fares and higher fuel costs. A statement late on Thursday said the company's loss widened to INR1.7 billion rupees (USD$42.8 million) from INR1.1 billion a year ago. For the year ended June, its net loss was INR4.2 billion on revenue of INR21.4 billion. It had reported a loss of INR3.4 billion on revenue of INR12.4 billion in the 15 month period ended June 2006. The company reported a 15 month period as it changed its accounting year mid-way. United Breweries, which runs Kingfisher Airlines, owns 26 percent of Deccan and has also made an open offer for a further 20 percent of the carrier. (Reuters) Share this post Link to post Share on other sites
BC Tam 2 Report post Posted September 28, 2007 ..... Since then, the Dubai-based Emirates Airlines has stepped in to take up the slack, increasing its thrice weekly service from New York to a thrice daily service, thanks to ..... And there are those who still wonder why EK need all those A380's ! And why MH is getting rid of their 744's (some of them anyway) ............ Share this post Link to post Share on other sites
Pieter C. 5 Report post Posted October 5, 2007 UB's Offer For Deccan Oversubscribed October 4, 2007 India's UB group is set to increase its stake in Deccan Aviation to 46 percent after its open offer for a further 20 percent was oversubscribed, a UB group spokesman said on Thursday. Deccan shareholders tendered 35 million shares against the open offer to buy 27.1 million shares at INR155 rupees each. However, UB would not accept all the shares tendered, the spokesman said, adding it would buy the shares on a pro rata basis. UB group firm United Breweries, which owns a majority stake in Kingfisher Airlines, bought 26 percent in Deccan for INR5.5 billion rupees in May and also made an open offer for a further 20 percent as required by law. Deccan Aviation runs budget airline Air Deccan, which has the largest network in India. (Reuters) Share this post Link to post Share on other sites
Izanee 0 Report post Posted October 7, 2007 when are they flying to kul? i read it in the star online Share this post Link to post Share on other sites
