Kingfisher Airlines CEO Sanjay Aggarwal stated the carrier is waiting for the “right time” to commence the sale of global depository receipts (GDR) to raise up to USD300 million and reduce its debt (Indian Express, 06-May-2011). According to Mr Aggarwal “it is just not the economic environment” at present with high international crude oil prices. The carrier had planned to launch the GDR issue after Dec-2010.
Kingfisher Airlines awaiting 'right time' to commence GDR issue
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India-Philippines: rapid growth, A321neo technology leads to Cebu Pacific-PAL traffic rights battle
Direct flights in the fast growing India-Philippines market are likely to resume by 2018, with service from at least one Philippine carrier. Cebu Pacific Air, Philippine Airlines (PAL) and Philippines AirAsia are all seeking traffic rights to serve India and are keen to serve Delhi.
PAL suspended nonstop service to Delhi 2011, and one-stop services via Bangkok in 2013. The Manila-Delhi market quickly proved to be too small back in 2011 to support nonstop services, but it has since more than doubled in size, making the route more viable. New generation narrowbody technology also significantly improves the route’s prospect.
PAL and Cebu Pacific would both use the A321neo on Manila-Delhi. Philippines AirAsia could potentially use the A320neo to operate the route nonstop in the future, but is initially seeking rights via Bangkok using A320ceos. The Cebu Pacific and PAL nonstop proposals are more likely to sway Philippine authorities, who will soon have to decide on how to allocate the only seven weekly Philippines-India frequencies available under the two countries' air services agreement.
Lion Air Group begins international expansion from Indonesia with Batik Air Australia & India routes
The Lion Group is preparing to expand in Indonesia’s international market, with several new routes to Australia, India and East Asia. Lion is the domestic leader in Indonesia, its three Indonesian airline subsidiaries accounting for approximately half of total domestic capacity. However, the group has only a tiny presence in the Indonesian international market, having only five scheduled international destinations.
The full service subsidiary Batik Air has encountered delays in commencing operations to Australia and India but remains keen on serving both markets with multiple destinations. Meanwhile, its Malaysian affiliate Malindo Air is jump starting the group’s entrance in the Indonesia-Australia market with a new fifth freedom route from Bali to Brisbane, which will be launched on 31-Mar-2017.
International expansion is becoming strategically necessary for Lion as Indonesia’s international market is now growing faster than the much larger domestic market. AirAsia and Garuda have already been focusing more on international expansion, widening their lead over Lion in Indonesia’s international market.