After receiving a less than expected response for its Bangalore-London-Bangalore service, the Vijay Mallya-promoted Kingfisher Airlines has decided to pull out from this route September 15 onwards and has given a fresh proposal to the civil aviation ministry, seeking permission to fly on the Delhi-London route.
The airline, which has been in the red and owes substantial amounts to airport operators and oil marketing companies alike, has projected that it will be able to generate revenue to the tune of Rs 23 crore per month if allowed to tap this route; its operating cost is likely to be around Rs16-18 crore per month, said sources close to the development. It has proposed daily flights on the London-Delhi route.
While seeking permission for the Bangalore-London-Bangalore route earlier, Kingfisher had projected a healthy demand. But, the flight received a major setback after the global slowdown claimed the Indian IT industry as its victim and traffic fell down substantially on this route.
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