AIRLINES SECTOR

1. When was Kingfisher launched?

A- 2005

2. Which international company wanted to buy a stake in Kingfisher?

A- Eithad wanted to buy a stake in kingfisher

3. How many banks gave loans to Kingfisher?

A- 17 PSU banks gave loans to kingfisher

4. Name 5 banks that gave loans to Kingfisher

- There are five bank that gave loan to kingfisher

A- IDBI

B- PNB

C- HDFC

D- SBI

E- ICICI

F- Which airlines did Kingfisher buy? What was the intention of buying the new airline?

A- Air Deccan because kingfisher wanted to have an access to international routes.

G- What is Debt Restructuring?

Ans:The process of a person or business negotiating and agreeing with its creditors to reduce 

its debt or to revise a repayment plan. Debt restructuring often occurs when a person or comp

any has taken on too much debt and is in danger of bankruptcy

H- What were the terms of debt restructuring for Kingfisher.

Kingfisher converted its debt into equity shares of 1,400 crore loan valuing shares of

Kingfisher Airlines at Rs. 64.49 which were trading at only Rs. 39.90. The valuation of the

shares was done at a price more than current share trading value and proved that the condition
of the company is not good i.e., the reason the valuation is low but the company has a lot of

potential and the price of the share of the company can go up to Rs. 65 and on this basis the

valuation was done on Rs. 64.49 where the all-time high share trading price of the company

was Rs. 48 only.

All time high price was Rs. 48

At the time of debt restructuring the price was Rs. 39.90.

The shares were valued at Rs. 64.49

I- Discuss the business model for Kingfisher and Kingfisher Red

A- Kingfisher- It was a luxurious airline and was the second largest domestic airline

Kingfisher Red- It was cheaper and affordable than kingfisher .It had low fares and

also provided good facilities in cheaper rates.

J- Why did SBI refuse to give NOC to Kingfisher to raise funds?

A- After certain limit of loan, if kingfisher wanted to raise the fund then SBI must issue

NOC to kingfisher .But SBI refused to give NOC to bank, as kingfisher wanted to

raise funds for the business purpose and not to pay back to SBI.

K- Name the two airports which had banned Kingfisher?

A- Hyderabad and Bangalore

L- When did VijyaMallya leave the country?

A- In 2016

M- Where is he currently residing?

A- Britain
Name – Mansi Dadhich

ROLL No. - PGP22109