Invertis Journal of Management
Year : 2018, Volume : 10, Issue : 1and2
First page : ( 1) Last page : ( 8)
Print ISSN : 0975-6310.

Crisis of Kingfisher Airlines: -Strategic Turmoil

Ghosh Saileswar

Faculty of Management, Invertis University, Bareilly, Uttar Pradesh, Email id: sailesh77@gmail.com

Online published on 24 February, 2020.

Abstract

On 7 June 2013, Mr Vijay Mallya Chairman of Kingfisher Airlines Ltd. was sitting in his office at Kingfisher House, Mumbai, and thinking how to safeguard the interests of stakeholders as the employees of the now-grounded Kingfisher Airlines are on a hunger strike outside his office. Till December 2011, Kingfisher Airlines had the second largest market share in India's domestic air travel market. However, due to the severe financial crisis faced by the airline, it has remained grounded since October 2012 and the airline regulator DGCA cancelled its flying licence in December 2012. Kingfisher Airlines does not have funds to pay the salaries to the employees and is facing several other issues like fuel dues, aircraft lease rental dues, service tax dues as well as bank arrears.

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Keywords

Airlines, Crisis, Kingfisher, Strategic, Turmoil.

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