New CEO and debt restructure plans: Kingfisher takes restructure seriously

Kingfisher Airlines has had an eventful past month: a new CEO, debt restructuring and rumours of new investors. This in conjunction with ongoing efforts to reduce costs and maintain market presence as the nation’s LCCs grow in force domestically and, increasingly, internationally. [1750 words]

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This report contains the following subheadings:

• SpiceJet former CEO joins Kingfisher; signals commitment to restructure
• Kingfisher entices foreign investors; Is Wilbur Ross tempted?
• Kingfisher 'clearly the best partner' in India: British Airways
• Plans to restructure debt; Fund raising plans to follow
• Fleet expansion by 2012 but Airbus deliveries deferred
• Job cuts on the horizon
• Seeing benefits of restructuring and operating environment

This report contains the following charts and tables:

•  Kingfisher Airlines fleet delivery schedule of firm orders: As at Sep-2010