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KINGFISHER AIRLINES
INTRODUCTION
CONT,
United Breweries Holdings Limited (UBH), is the parent company of Kingfisher Airlines (Kingfisher). Chairman Dr. Vijay Mallya.
CONT..,
First
flight from Mumbai to Delhi. First international flight from Blore to London on, 3 September 2008. First Indian flight to have IN-FLIGHT ENTERTAINMENT (IFE) system. Welcome kit. Pen, Facial tissue, & headphones. Live TV. On screen Safety Demonstration.
DESTINATION
Domestic 65.
International 7 across Asia & Europe
AIR DECCAN
INTRODUCTION
2003 from
CONT..,
Common Mans Airline. Tag Line Simpli-Fly. First Indian airline to fly to second tier cities like Mangalore, Madurai and Vishakapatnam from Metropolitan areas like Blore and Chennai.
demystify air travel in India by providing reliable low cost and safe travel to the comman man
INTRODUCTION
On 31 May 2007 UBH(kingfisher) acquired 26% stake of Air Deccan. Kingfisher paid 5.5billion to acquire the stake. Additional 20% stake.
DEAL STRUCTURE
1st Phase: UB bought 26% stake at Rs.155 p.s. on 9th July,2007 Paid Rs.550crores
2nd Phase: Open offer for additional 20% stake Additional Rs.418crores
CONT..,
Air Deccan renamed as Kingfisher Airlines. New CEO and Chairman Vijay Mallya.
CONT..,
The
merger will create the largest player in the domestic aviation market. The new firm will operate two separate brands Deccan and Kingfisher. From August 2008, the merged firm will have a right to fly overseas. Deccan will fly to West Asian countries, while, Kingfisher's target will be to touch down at San Francisco and New York from Bangalore.
SYNERGIES
Operational
Synergy in the form of cost cutting(upto Rs.300crs.) Increasing market share(32-34%) Have both direct and indirect connectivity to the US, Europe and different Asian regions
SYNERGIES
Received
in writing slots to operate flights in San Francisco, JFK (New York) and Heathrow (London) These destinations will be connected nonstop from Bangalore, unique routes from India Also applied for Mumbai-Hong Kong, Mumbai-London and Delhi-Kathmandu routes.
CONCLUSION
The
Industry has Witnessed tremendous growth in the Past Decades Leading to intense Competition in the Industry & Setting the Stage for Consolidation
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