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Critical analysis of failure of Kingfisher Airlines

Author

Listed:
  • Ashutosh Kolte
  • Arturo Capasso
  • Matteo Rossi

Abstract

Kingfisher Airlines Ltd. was started by one of the famous businessperson in India with ambitions to become an industry leader. In this paper, we have studied the fall of Kingfisher Airlines and have attempted to study financial health of UB Holdings. Many public and private sector Indian banks kept on giving loans to Kingfisher Airlines, UB Holdings Ltd. and other companies considering the reputation of its CMD as a famous businessman and politician. Private banks recovered all loans, whereas 14 public sector banks could not recover loans from him. Here, we have tried to understand the business of Kingfisher Airlines, reasons for failure and we have studied if it was possible for banks to assess creditworthiness of companies like Kingfisher Airlines, UB Holdings Ltd. We have studied if it was possible to predict bankruptcy in advance. We have also studied role of banks in extending loans and recovery attempts.

Suggested Citation

  • Ashutosh Kolte & Arturo Capasso & Matteo Rossi, 2018. "Critical analysis of failure of Kingfisher Airlines," International Journal of Managerial and Financial Accounting, Inderscience Enterprises Ltd, vol. 10(4), pages 391-409.
    • Handle: RePEc:ids:injmfa:v:10:y:2018:i:4:p:391-409
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    Cited by:

    1. Sanghoon Lee & Keunho Choi & Donghee Yoo, 2020. "Predicting the Insolvency of SMEs Using Technological Feasibility Assessment Information and Data Mining Techniques," Sustainability, MDPI, vol. 12(23), pages 1-17, November.
    2. Yin Shi & Xiaoni Li & Maher Asal, 2023. "Impact of sustainability on financial distress in the air transport industry: the moderating effect of Asia–Pacific," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-23, December.

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