Kingfisher Airlines Joins Oneworld Alliance (23-Feb-2010)
Kingfisher Airlines announced that it will be joining the global airline grouping oneworld.
It will enable it to offer passengers an enhanced choice of routes serviced by member airlines and vice-versa.
The agreement was concluded at a meeting between Kingfisher Airlines'' Chairman Vijay Mallya and Chief Executives from oneworld''s 11 existing member airlines.
However, Kingfisher will become the first Indian carrier in the alliance that includes American Airlines, British Airways and Finnair.
Kingfisher will bring to oneworld 58 new Indian destinations, enhancing the alliance''s portfolio of routes, with around 400 daily departures.
Including Kingfisher, oneworld has a total of about 800 destinations in 150 countries, to which the alliance flies with around 2,350 aircraft.
Meanwhile, the starting date of membership will be announced once India''s aviation authorities approve Kingfisher''s application.
Kingfisher Airlines applied to India''s Ministry of Civil Aviation for authority to proceed with its membership of oneworld while it generally takes around 18 months to complete the membership formalities.
Previously, it was said that Kingfisher Airlines is in talks with negotiating a code sharing agreement with British Airways that would allow Europe''s second-largest carrier to book its passengers on Kingfisher flights within India. These arrangements allows one airline to make travel arrangements for its customers.
Kingfisher Airlines will soon seek the approval from the India''s civil aviation authorities, if the talks prove successful.
A civil aviation ministry official confirmed that regulators had been sounded out.
Meanwhile, Kingfisher Airlines recently bagged the approval from the government to operate on seven new international routes.
The new international routes, which have been granted include: New Delhi - London - New Delhi as well as New Delhi - Hong Kong - New Delhi, New Delhi - Bangkok - New Delhi, New Delhi - Dubai - New Delhi, Mumbai - Colombo- Mumbai, Mumbai - Bangkok- Mumbai and Mumbai - Dubai - Mumbai.
Commenting on this, Vijay Mallya, Chairman and CEO, Kingfisher Airlines said that the airlines will soon be commencing flights from New Delhi to London Heathrow along with six other new international routes.
Kingfisher Airlines stated that its net loss for Q3 ended December 31, 2009 has widened to Rs 419.96 crore.
However, the company had a net loss of Rs 413.39 crore for the quarter ended December 2008.
It also reported a decline in its income from operations at Rs 1,352.45 crore for the December quarter, from Rs 1,447.83 crore in the same period previous fiscal.
On the other hand, for the nine-month ended December 31, the company posted a net loss of Rs 1,075.32 crore, while it had a net loss of Rs 1,054.51 crore in the same quarter last fiscal.
Kingfisher Airlines operates 350 flights a day, connecting 70 cities, including seven international destinations. The airline has 67 aircraft-39 Airbus and 28 ATRs- and commands a market share of 20.8 per cent. But the air carrier is also laden with Rs 6,000 crore of debt and is keen to raise at least $400 million (Rs1,864 crore).
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