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karatecatman


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Kingfisher eyes MAXjet of US
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http://timesofindia.indiatimes.com/articleshow/1784095.cms
Kingfisher eyes MAXjet of US
Byas Anand
[ 21 Jul, 2006 0006hrs ISTTIMES NEWS NETWORK ]
 
 
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NEW DELHI: Liquor baron Vijay Mallya is out shopping again. And this time round, Mallya has set his sights on an US-based premium-class-only airline MAXjet Airways to fuel his dreams of taking Kingfisher Airlines international.


That's not all. Mallya is also in talks with leading American carriers, like United and Continental, for a codeshare deal.


Mallya is in advanced talks with MAXjet for an outright acquisition - a deal that would give his Kingfisher Airlines rights to mount transatlantic flights and even operate between US and India, sources close to the development told ToI. The deal is expected to be concluded over few months.


MAXjet Airways is an all-business class, low fare transatlantic airline offering services between US and UK.


Mallya, sources said, intends to also use the MAXjet acquisition to start direct flights between US and India under the bilateral Open Sky arranement between the two nations. "Negotiations are underway and they are at an advanced stage.


If the deal comes through, Kingfisher would be able to operate international flights using the MAXjet fleet from next year and augment the operations with its own long-haul jets that join its fleet from 2008,"the sources said.


Mallya confirmed the acquisition plan but refused to divulge details about his target airline. "We are talking with four US airlines for our international acquisition and MAXjet is one of them. The talks are still at a preliminary stage and nothing has been decided so far,"he said.


The acquisition, sources said, is aimed at cruising past the Indian regulation that restricts international flights only to airlines that have a five-year domestic flight track record. The purchase is expected to be carried out through his US-based venture - Kingfisher International Airlines (KIA) - in order to meet the law of the land.


US norms do not allow foreign ownership of airlines in America. Since Mallya's children - Sidhartha, Leana and Tanya - own a majority 75% stake in KIA as American citizens, this venture would meet the US regulation on ownership of airlines, sources said.


In the interim, the airline is in talks with leading US airlines for a code-share agreement, which will give Kingfisher the right to operate the domestic leg of international flights coming in from America.


Sources pointed out negotiations are underway with Continental Airlines and United Airlines for a code-share agreement.
 



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Nimish


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This would be a good buy for IT - but it's doubtful he'll ever be able to do this (given that Maxjet has started only recently, and might want to be established fully before they look to sell themselves).

Slightly sarcastic here - It might be cheaper to buy out the Indian politicians necessary to change the rules, and tie up with an american carrier for feed to it's flights!

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tayara mechanici


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Nimish wrote:

 It might be cheaper to buy out the Indian politicians necessary to change the rules, and tie up with an american carrier for feed to it's flights!
I would say you are bang on and considering that the 2 mighty sharks ( NG & SR)of Indian aviation are busy at bitting THE others tail, its the best time to make the move.

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the_380


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So thats his plan.


So what if he cant operate India-USA, he will operate USA-India... A back door entry thats what he is planning



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the_380


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Click for larger version


 


http://www.airliners.net/open.file/1078283/M/


 



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tayara mechanici


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the_380 wrote:

So thats his plan. So what if he cant operate India-USA, he will operate USA-India... A back door entry thats what he is planning
Clever boy ! so you sussed it out.

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the_380


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He has been interested in that since long... wanted to use S2 for that initially

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HAWK21M


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Max has denied this.


regds


MEL



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the_380


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Poor VM seems as if hes luck is not with him


First S2 now Max



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karatecatman


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No truth in Indian buyer reports says MAXjet
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http://www.businessweekly.co.uk/news/view_article.asp?article_id=10721
No truth in Indian buyer reports says MAXjet


By Alan Johnson, 25 July 2006


Stansted transatlantic carrier, MAXjet has moved to deny that its is in discussion with a potential Indian buyer.
Stansted transatlantic carrier, MAXjet has moved to deny that its is in discussion with a potential Indian buyer.


MAXjet said there was no truth in the report that Indian carrier; Kingfisher Airlines International is in advanced talks with MAXjet for an acquisition.


Gary Rogliano, CEO of MAXjet said: “The article printed in the Times of India business section on July 21 is unfounded. We never were, and currently are not, in any such discussions to sell MAXjet.”


MAXjet Airways the industry’s first low-fare, all-business-class transatlantic airline currently flies six times weekly services from London Stansted to New York JFK and five times weekly services from London Stansted to Washington Dulles.


MAXjet represents the dawning of a third age in transatlantic services from the Essex hub, following two failed services, first from American and the Continental.


MAXjet has made a better fist of the route than its predecessors, expanding its route network and buying new aircraft since winging in last Summer.



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Nimish


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RE: Kingfisher eyes MAXjet of US
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There goes any remaining credibility of the Times of India - complete rubbish reporting most of the times.

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HAWK21M


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Some Aviation Correspondents are Classics in their reporting


Wheres Cricket & Bargavi.These guys make sense.


regds


MEL



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VABBy


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 I wonder if the correspondent was fired is a nice way by the chief editor for making the paper a stardust magzine for aviation related news



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tayara mechanici


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Nimish wrote:

There goes any remaining credibility of the Times of India - complete rubbish reporting most of the times.

OR, Atleast the news article even if paid by VM has kept the issue of '' International Operations to all airlines'' in public domain.


TOI too survives on advt revenue direct or proxy....., this is the same as Jaswant singh claiming there was a mole, atleast keeps BJP in the news. In his case no newspaper would do it so he had write a book



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tayara mechanici


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vabby wrote:

   I wonder if the correspondent was fired is a nice way by the chief editor for making the paper a stardust magzine for aviation related news

Newspapers are another victim of technology and the WWW. Blogspots and industry forums are far more qualified in their reporting and analysis of the sector they pertain to. Newspaper articles are more for the members of parliament to flash inside the house while quoting their source. You can imagine this scenario


MP Karatecatman : '' Today AI said..............''


Speaker Sir Aseem Johari : '' Can you pls quote your source''


MP Ktc : Pulling out a rolled print of today TOI tucked inside his vesthi  (lungi) belt and flashing at the speaker ''Its here, if only you had cared to read a english newspaper''


PS: Do you think this post should have been in Himaat01 ''Random thoughts '' thread ......


 



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And MP TayaraMechanici dressed in spotless white kurti (or kurta??) was seen picking his nose with a rolled up A4 sheet. Minutes later, DD Lok Sabha cameras panned on him. He stretched out, looked dazed and promptly went to sleep.   

-- Edited by karatecatman at 15:00, 2006-07-27

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karatecatman


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-- Edited by karatecatman at 16:16, 2006-07-27

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-- Edited by karatecatman at 16:16, 2006-07-27

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tayara mechanici


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karatecatman wrote:

And MP TayaraMechanici dressed in spotless white kurti (or kurta??) was seen picking his nose with a rolled up A4 sheet. Minutes later, DD Lok Sabha cameras panned on him. He stretched out, looked dazed and promptly went to sleep.    -- Edited by karatecatman at 15:00, 2006-07-27

 


    



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-- Edited by karatecatman at 16:17, 2006-07-27

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