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Kingfisher Airlines Ltd.

BSE: 532747 Sector: Services
NSE: KFA ISIN Code: INE438H01019
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 00:00 | 27 Jun Stock Is Not Traded.
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Kingfisher Airlines Ltd. (KFA) - Company History

Kingfisher Airlines Ltd is the largest charter aviation company in India. Their principal activity is to provide commercial passenger airline and private helicopter and airplane chartering services in India. Their business unit Air Deccan, is India's low cost carrier. Kingfisher Airlines Ltd was incorporated in June 15, 1995 as a private limited company with the name Deccan Aviation. The company was promoted by G R Gobinath, K J Samuel and Vishnu Singh Rawal. In January 2005, the company was converted into a public limited company. In September 1997, the company opened their first base at Jakkur and launched their first Helicopter. In June 1998, they opened their second base in Hyderabad and in December 1998, they commenced offshore flying operations. In June 2001, the company introduced first fixed wing aircraft and in November, they introduced the second fixed wing aircraft. In August 2003, first Air Deccan flights take place on Bangalore to Hubli and Bangalore to Mangalore. In December 2003, the company incorporated Deccan Aviation (Lanka) Pvt Ltd, which is a joint venture company. The company was established as a 52% subsidiary company to undertake helicopter services and airline operations in Sri Lanka. In August 2004, they introduced first Airbus A 320. In March 2005, Air Deccan, entered into tie up arrangement with Club HP. In June 27, 2005, Deccan Aviation (Lanka) Pvt Ltd ceased to be a subsidiary consequent to the transfer of 4% of their share to Srilanka nationals. In March 2007, they forayed into Air Cargo Business through a wholly owned subsidiary. The company hived off Charter Services into a separate entity and also transfers the Maintenance and Repair Facility into a separate entity. The Airline business of Kingfisher Airlines Ltd merged with the company with effect from April 1, 2008 and the name of the company was changed to Kingfisher Airlines Ltd.