kingfisher

Under normal circumstances ,it would have been a complete shocker but these are abnormal times and one where companies across the world are simply hoping to tide over. By the look of things we’re in for a long haul of uncertainty and lesser growth. In India the effects of these times have hit the Aviation Industry the hardest. Not only are companies under threat from volatile fuel prices but also a domestic consumer who is simply unwilling to pay more for an airline ticket. So when Naresh Goyal of Jet Airways and Vijay Mallya of Kingfisher Airlines decided to come together, airline pundits were hardly surprised. Rumors that the two biggest private airline companies in India would come together had been going around for quite some time.

While the markets have fallen drastically over the past two days, one stock that did well particularly in the last twenty four hours is the stock of Spicejet Airlines. However little has to do with its economic data and profits rather than the speculation over its future.

By Vipin Agnihotri

The merger of Air Deccan into Kingfisher Airlines has given quite a bit of relief to the Indian aviation industry. This is because of the simple reason that after merger Mallya said on record that the days of giving unviable fares to passengers is now gone.

Vipin Agnihotri

Kingfisher chairman Vijay Mallya is quite famous for his tongue-in-cheek remarks. Who can forget his quote when asked about why he chose to start an airline after succeeding in liquor business. His answer at that time was, “They both make you fly!”