Kingfisher Defaults on Big ATR Order

 - February 8, 2012, 5:05 AM

India’s Kingfisher Airlines has missed pre-delivery payments on 38 ATR turboprops, triggering an effective cancellation of the order, ATR CEO Filippo Bagnato reported last month during the company’s annual “state of the company” overview in Toulouse. Nevertheless, the development won’t affect ATR’s plans to progressively increase its production rate over the next three years while preparing to add a larger, 90-seat model to its product lineup.

After rolling 54 aircraft off the production line last year, the company plans to manufacture 70 this year, 80 next year and 85 in 2014, while it projects its turnover to increase from $1.3 billion to $2.0 billion per year. It plans to propose the 90-seater model to its shareholders by the end of this year.

Comments

Priya Meshram's picture

Already the people working in the aviation sectyor gets paid more than any other industry. I am not in favor of pilots, co-pilots, commanders or captains receiving the hefty pay packages when the industry is facing severe financial crisis. Slash the pay packages of all the pilots across the industry by 50%, still they'll earn enough to buy multiple properties in the city. Good that JET has reduced the pay scale of trainee pilots by 40%, to further cut the debts of the company they should think of slashing the exhorbitant salaries of pilots by atleast 50%. If the salaries of pilots are cut across the industry, they won't leave the airline to join another for extra pay. Apart from the jet fuel prices & taxes employee cost is also the major reason for the downfall of the airlines like Kingfisher, Jet & Air India. There might be a 100 reasons why the pilots are paid more but at the same time there are a 100 more reasons why they should not be paid so much. I think aviation bosses needs to have a rethink about it.

Nikita Sawant's picture

Already the people working in the aviation sector gets paid more than any other industry. I am in a favor of making sure the salaries are reached to the employees at the correct time especially to the employees who earn less than say Rs 40k a month. I am not in favor of pilots, co-pilots, commanders receiving the hefty pay packages when the industry is facing sever financial crisis. Slash the pay packages of all the pilots across the industry by 50%, still they'll earn enough to buy multiple properties in the city. Good that JET has reduced the pay sclae of trainee pilots by 40%, to further cut the debts of the company they should think of slashing the exhorbitant salaries of pilots by atleast 50%. If the salaries of pilots are cut across the industry, they won't leave the airline to join another for extra pay.

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