Kingfisher Postpones Oneworld Alliance

Kingfisher A319 | Kingfisher Faces Financial Problems | Aviation News

Kingfisher Faces Financial Problems

UPDATE February 3, 2012: Kingfisher’s entry into oneworld has been put on hold as a result of a financial crisis the carrier is facing.

Kingfisher has been unable to make timely payments to their employees and creditors over the past couple months.  Employees are leaving the company as a result and aircraft are being grounded.

See: Kingfisher Financial Crisis puts Oneworld on Hold for additional information.

The carrier is attempting to reorganize their debt, but is facing problems with banks and creditors.  If Kingfisher’s financial problems do not improve, some analysts believe they may be forced to shutdown.

Kingfisher has yet to make a profit since it started operations.

Oneworld alliance has encountered a significant setback with Malev Hungarian Airlines ceasing operations.

Following Article About Kingfisher is Outdated Due to Financial Problems

India’s Kingfisher Airlines will become part of the oneworld alliance effective February 10, 2012.  Kingfisher will be the first from the subcontinent to join any of the global alliances and will provide oneworld’s full range of services while expanding the alliance’s network through-out India, one of the fastest growing regions for commercial air travel.

Kingfisher received the go-ahead for membership after successfully completing a review by British Airways, which sponsored entry of the airline into the alliance.  This upcoming year, oneworld will go through its largest membership expansion in five years with Air Berlin set to join and Malaysia Airlines late in 2012.

The entry of Kingfisher will add 40 Indian destinations and will make one of the world’s most important emerging markets easier to reach.  Oneworld members American Airlines, British Airways, Cathay Pacific, Finnair, Japan Airlines, Qantas and Royal Jordanian provide service to five Indian gateways in Delhi, Mumbai, Bangalore, Chennai and Hyderabad.  In these cities, customers may pick-up connecting flights on Kingfisher.

British Airways, sponsor of Kingfisher’s entry, has a long and vibrant history of flying to and from India, and last year began a codeshare agreement.   Kingfisher’s entry will significantly strengthen the carrier’s network both in its home market and around the globe.

The new membership will extend oneworld’s reach to nearly 800 destinations in almost 150 countries.  Once the additions of Air Berlin and Malaysia become effective, customers will have access to more than 850 destinations worldwide.

Oneworld CEO Bruce Ashby said, “Kingfisher Airlines will expand oneworld’s network substantially in a key region of growing travel demand, with a carrier that matches our demanding requirements, while enabling Kingfisher Airlines to offer its customers a truly global network on quality partners.”

Kingfisher Airlines Chairman Vijay Mallya commented, “Kingfisher Airlines takes great pride in its track record for quality and innovation.  By becoming part of oneworld in February, we will be flying as part of the world’s leading quality airline alliance – and the first carrier from the subcontinent to be accepted into any of the global airline groups.

When Kingfisher Airlines joins, members of its King Club frequent flyer program will be able to earn and redeem mileage awards on all oneworld partners – American Airlines, British Airways, Cathay Pacific Airways, Finnair, Iberia, Japan Airlines, LAN Airlines, Malév Hungarian Airlines, Qantas, Royal Jordanian, S7 Airlines and nearly 20 affiliated airlines.

King Club King Platinum cardholders will receive Emerald status while Gold members will enjoy Sapphire status – gaining them access to more than 550 airport lounges worldwide offered by the alliance’s airlines – while Silver cardholders will receive oneworld Ruby status.

Likewise, the 120 million members of the established oneworld airlines’ frequent flyer programs will be able to earn and redeem awards and tier status points and receive all other oneworld benefits on Kingfisher Airlines.

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