ACKNOWLEDGEMENT
I take this opportunity to express my profound sense of gratitude and respect to all those who helped me through out the duration of this project. It gives me immense pleasure to acknowledge my indebtedness and sense of gratitude to Miss Sonal Singh Kushwah (Project guide) for the project under taken. I also immensely thank the other faculty members of the institute under whose continuous support and guidance I completed the project.
CONTENTS
1. Introduction
2. The Aviation Industry
2.1 The Air Corporation Act
2.2 Open sky policy
3 Kingfisher Airlines
3.1 Company Profile
3.2 Awards & Recognition
3.3 Elucidated Info.
3.4 Major Challenges
3.5 S.W.O.T Analysis
4 Conclusion
5 Bibliography
6. Annexure
Annexure 1: Market share of Kingfisher Airlines
Annexure 2: Price Movement and Performance Charts
Annexure 3: Index Comparison and Ownership Pattern
1.Introduction
Indian Aviation Industry is one of the fastest growing markets in the world. But nowadays it is in the news due to different reason. And that is the failure of one of the leading aviation player - Kingfisher Airlines. The airline has
been facing financial issues for many years. Till December 2011; Kingfisher Airlines had the second largest share in India's domestic air travel market. However due to the severe financial crisis faced by the airline, it has the fifth
largest market share currently. Even the company have no funds to pay the salaries to the employees and is facing several other issues like fuel dues; aircraft lease rental dues, service tax dues and bank arrears. This case outlines .the financial turmoil of the Kingfisher in detail.
2 Aviation Industry
The first Indian State air service began to function on 20 Dec. 1929. All technical and operation control was left in the hands of Imperial Airways. After that Tata Airways came into existence. This...