BEFORETHEDEPARTMENTOFTRANSPORTATIONWASHINGTON,D.C.)Inthematteroftheapplicationof))KINGFISHERAIRLINESLIMITED))foranexemptionfrom49U.S.C.§41301))DocketDOT-OST-2010-APPLICATIONFOREXEMPTIONCommunicationswithrespecttothisdocumentshouldbeaddressedto:ChristopherCarisenCLYDE&COUSLLP405LexingtonAvenueNewYork,NY10174Phone:212-710-3930Email:Christopher.Carlsen@clydeco.usCounseltoKingfisherAirlinesLimitedDATED:November23,2010BEFORETHEDEPARTMENTOFTRANSPORTATIONWASHINGTON,D.C.)Inthematteroftheapplicationof))KINGFISHERAIRLINESLIMITED))foranexemptionfrom49U.S.C.§41301))DocketDOT-OST-2010-APPLICATIONFOREXEMPTIONKingfisherAirlinesLimited(“Kingfisher”),pursuantto49U.S.C.40109,herebyrequestsanexemptionfrom49U.S.C.41301and,totheextentnecessary,fromanyotherprovisionsofTitle49andtheEconomicRegulationsoftheDepartmentofTransportation(“Department”)topermitKingfishertoengageinthescheduledforeignairtransportationofpersons,propertyandmailbetween(1)pointsinIndia,(2)pointsinIndiaandpointsintheUnitedStates(eithernonstoporviaintermediatepointsinthirdcountries);(3)pointsinIndiaandpointsinthirdcountries;and(4)pointsintheUnitedStatesandpointsinthirdcountriesbymeansofaCodeshareAgreementbetweenKingfisherandAmericanAirlines(“American’).KingfisherandAmericanareseparatelysubmittingajointapplicationforblanketcodeshareauthorizationsinordertoengageinreciprocalcodeshareservicesconsistentwiththeUnitedStates-Indiaopenskiesagreement.KingfisherrequeststhattheexemptionauthoritygrantedbytheDepartmentpursuanttothisapplicationremainineffectforaperiodofatleasttwoyears.ApplicationofKingfisherAirlinesLimitedDocketDOT-OST-2010-November23,2010Infurthersupportofitsapplication,Kingfisherstatesasfollows:1.TheApplicantKingfisherAirlinesisoneofIndia’slargestairlinesandcommencedscheduledairlineoperationsinSeptember2003underthenameofDeccanAviationPrivateLimited.In2008,theCommercialAirlineDivisionUndertakingofanotherairlinethennamedKingfisherAirlineswasde-mergedandtransferredintoDeccanAviationLimitedandthenameofDeccanAviationLimitedwaschangedtoKingfisherAirlinesLimited.KingfishercommencedinternationaloperationsinSeptember2008.Kingfishercurrentlyhasafleetof66aircraft,comprising5A330s,8A321s,23A320s,3A319s,25ATR-72sand2ATR-42sandoffers316flightsdailyconnecting60Indianbusinessandleisuredestinationsand29flightsdailyconnecting8internationaldestinations.Kingfisherpresentlyenjoysamarketshareofapproximately20%andhasreceivednumerousaccoladesforitshighqualityservice.1MostofKingfisher’sfleetarealsoequippedwiththelatestACARScommunicationsandmonitoringtechnology,whichprovidesKingfisher’spassengerandshipperswiththehighestlevelofsafetyandreliability.Kingfisherhasalreadyreceivedanumberofprestigiousawardsattestingtothequalityandinnovativenatureofitsservice.Kingfisherwasbestowedwith“BestAirlineinIndiaandCentralAsia”,“BestEconomyClassSeats”and“StaffServiceExcellenceAwardforAirlinesinIndiaandCentralAsia”inWorldAirlinesAwards(May,2010);Skytrax,aUK-basedspecialistglobalairtransportadvisor,bestowedits“5StarAirlineAward”for3consecutiveyearsincludingin2010.Kingfisherwasalsovotedas“India’sFavouriteAirline”inHTMARSConsumerSatisfactionSurvey(December2009).KingClub,thefrequentflyerprogramofKingfisherAirlineswon“BestProgramoftheYear”,“BestEliteProgram”,“BestLoyaltyCreditCard”,“BestRedemptionAbility”and“BestEarningPromotion”attheFrequentTravelerAwards2010atHoustoninNovember2010.2ApplicationofKingfisherAirlinesLimitedDocketDOT-OST-2010--November23,20102.Kingfisher’sInternationalServiceandtheU.S.-IndiaOpen-SkiesEnvironmentKingfisherisdesirousofextendingthesamelevelofinnovativeandhighqualityserviceitprovideswithinIndiatoitsnewinternationaldestinations,includingtheUnitedSates.Asawell-financedand100%privately-ownedairline,KingfisheristheidealairlinetoplayasignificantroleinfulfillingmanyoftheexpectationsofbothIndiaandtheUnitedStatesinsigningthelandmark2005India-U.S.openskiesagreement.KingfisherishopefulthattheUnitedStates,includingtheDepartmentinparticular,willrecognizethatitisinthelong-termmutualinterestofboththeUnitedStatesandIndiatoencouragetheexpansionofservicesbyhigh-quality,well-financed,privately-ownedIndianairlinessuchasKingfisher.ThecombinationofIndia’srobusteconomyandtherapidlygrowinginterdependenceofboththeUnitedStatesandIndiarequiretheavailabilityofamultiplicityofservices,includingcodeshareoperationswithU.S.carriers.KingfisherlooksforwardtotheDepartmentprocessingitsapplicationonatimelybasissothatKingfisherwillbepositionedtoinitiateitsU.S.services.3.BackgroundInformationKingfisher’sregisteredofficeisinBangalore,Indiaanditscorporateofficeislocatedatthefollowingaddress:KingfisherHouse,WesternExpressHighwayVilePaneEastMumbai400099India3ApplicationofKingfisherAirlinesLimitedDocketDOT-OST-2010-_______November23,2010KingfisherisacitizenofIndiaandissubstantiallyownedandeffectivelycontrolledbyIndiancitizens.ThemajorityofKingfisher’ssharesareownedbyUnitedBreweries(Holdings)LimitedanditssubsidiariesandDr.VijayMallya.PercentageofShareholderEquityOwnedCitizenshipUnitedBreweries(Holdings)Limited(byitselfanditsIndianandoverseassubsidiaries)60.59%IndianDr.VijayMallya5.69%IndianTheprincipalshareholdersofUnitedBreweries(Holdings)LimitedareDr.VijayMallya(7.91%),McDowellHoldingsLimited(7.87%)andWatsonLimited(21.19%).Dr.MallyaandMcDowellHoldingsLimitedareIndiancitizens;WatsonLimitedisacitizenofMauritius.NootherindividualsorentitiesownfivepercentormoreofKingfisherorUnitedBreweries(Holdings)Limited.Kingfisher’sboardofdirectorsconsistsofeightpersons,allofwhomareIndiancitizens.Itskeymanagementteamconsistsofsixpersons,themajorityofwhomarecitizensofIndia.ExhibitAheretolistseachofKingfisher’sdirectors,keymanagementofficials,andtheircitizenship.KingfishersubmitsitissubstantiallyownedandeffectivelycontrolledbyIndiancitizensasrequiredbyArticle3(2)(a)oftheU.S.-IndiaAirTransportAgreement.Themajorityofthecarrier’sstockisownedbyIndiancitizens,allofitsboardmembersareIndiancitizensandmostofitskeymanagingofficersarecitizensofIndia.Moreover,KingfisherhasalreadybeenissueddesignationbytheIndianGovernmenttoconductoperationstotheUnitedStatesinaccordancewiththebilateralagreement.ExhibitBheretoistheNovember10,2008letterfromtheIndian4ApplicationofKingfisherAirlinesLimitedDocketDOT-OST-2010-November23,2010MinistryofExternalAffairsdesignatingKingfishertoconductoperationstotheUnitedStates.KingfishersatisfiestherequirementsofArticle3(2)(a)ineveryway.4.TheProposedServicePursuanttothecodeshareagreement,Kingfisherintendstoplaceitscode(IT*)onAmerican-operateddailyservicesbetweenDelhiandChicagoandonAmerican-operatedflightsbetweenLondonHeathrowandBoston,NewYork,Raleigh/Durham,Miami,Chicago,Dallas/Ft.Worth,andLosAngeles.2ConsistentwiththetermsofthebilateralagreementbetweentheUnitedStatesandIndia,KingfisherrequestsfromtheDepartmentanexemptionpermittingittoengageinthescheduledforeignairtransportationofpersons,propertyandmailfrompointsbehindIndia,viaIndiaandintermediatepoints,toapointorpointsintheUnitedStates,andbeyondpursuanttoacodeshareagreementwithAmericanAirlines.5.FitnessKingfisher’soperationsareauthorizedandregulatedbytheGovernmentofIndia.AttachedasExhibitCisKingfisher’shomelandoperatingauthority.IndiaisacontractingStatetotheConventiononInternationalCivilAviation(“ChicagoConvention”)andobservesallapplicableICAOstandards.KingfisherwillshortlysubmititsIndianlicenseauthorizingittoservetheUnitedStates.TheaddressoftheIndianaeronauticalauthorityis:DirectorateGeneralofCivilAviation(DGCA)DepartmentofCivilAviationGovernmentofIndiaTechnicalCenterOpp.SafdarjungAirportNewDelhi—i10003,India2Asareciprocalarrangement,AmericanintendstoplaceitsAKcodeonsomeoftheinternationalandIndiandomesticsectorsoperatedbyKingfisher.5ApplicationofKingfisherAirlinesLimitedDocketDOT-OST-2010-_______November23,2010Kingfisherhasnothadanytariffviolationsorfatalaccidentsduringitstwoyearsofoperation.Kingfisher’sfinancialstatementsfortheyearendedMarch31,2010,areappendedasExhibitD.6.PublicInterestFactorsServicebetweentheUnitedStatesandIndiaisgovernedbytheopenskiesAirTransportAgreementbetweenthetwocountriessignedonApril14,2005(“Agreement”).TheservicesproposedbyKingfisherarefullyconsistentwiththeAgreement.Inparticular,theAgreementprovidesinAnnex1(1)thatdesignatedIndiancarriersmayoperatefrompointsbehindIndiaviaIndiaandintermediatepointstoapointorpointsintheUnitedStatesandbeyond.Article8,section7providesthat“inoperatingorholdingouttheauthorizedservicesontheagreedroutes,anydesignatedairlineofonePartymayenterintocooperativemarketingarrangementssuchasblocked-space,codesharing,orleasingarrangementswith...anairlineorairlinesofeitherParty.”KingfisherexpectstobedesignatedshortlybytheIndianGovernmenttoconductscheduledandcharteroperationsbetweenIndiaandtheUnitedStates.TheUnitedStateshasconsistentlyrecognizedthattheinclusionofapointinabilateralagreementtowhichtheUnitedStatesisapartyandthedesignationofaqualifiedforeigncarrierbyitshomecountrygovernmentforservicetothatpointsatisfyallrelevantpublicinterestrequirementsforgrantoftheexemptionauthority.3WHEREFORE,KingfisherAirlinesLimitedrespectfullyrequeststhatitbegrantedanexemptionfrom49U.S.C.41301totheextentnecessarytopermitKingfishertoconductSee,S.REP.No.96-329,at4(1979),reprintedin1980U.S.C.C.A.N.54,57(“ThenegotiationofabilateralagreementitselfrepresentsadeterminationbytheGovernmentoftheUnitedStatesthatthegrantofrouteauthorityprovidedforunderthebilateralisinthe‘publicinterest.”).6ApplicationofKingfisherAirlinesLimitedDocketDOT-OST-2010-November23,2010scheduledforeignairtransportationofpersons,propertyandmailbetweenIndiaandtheUnitedStatesasmorefullydescribedherein,orsuchotherreliefastheDepartmentdeemsnecessaryandproper.ChristopherCarlsenCLYDE&COUSLLP405LexingtonAvenueNewYork,NY10174Phone:212-710-3930Email:Christopher.Carlen@clydeco.usCounseltoKingfisherAirlinesLimitedDATED:November23,20107ExhibitAKINGFISHERAIRLINESLIMITEDBoardofDirectorsNameandTitleCitizenshipAddressDr.VijayMallyaIndian#3,VittalMallyaRoadChairmanandManagingBangalore—560001,IndiaDirectorMr.S.R.GupteIndianSarojiniViceChairman5thFloorNon-ExecutiveDirector4,GolfLinesPaliHillRoad,KharMumbai—400052,IndiaMr.A.K.RaviNedungadiIndian103,DelphiIIINon-ExecutiveDirectorPrestigeAcropolis26,HosurRoadBangalore—560029,IndiaMr.VijayAmritrajIndianNo109,SterlingRoadNon-ExecutiveDirectorChennai600034IndiaMr.GhyanendraNathBajpaiIndian131,ShaanApartmentsNon-ExecutiveDirectorK.D.Marg,Opp.KirtiCollegePrabhadevi,Mumbai—400028IndiaMr.PiyushMankadIndianP-161,ATSGreensVillage,Sector93-A,Non-ExecutiveDirectorExpressway,Noida201301(U.P),India.Mr.AnilKumarGangulyIndianFlatD-25,DiamondDistrict,Non-ExecutiveDirectorAirportRoad,Bangalore560008,IndiaDiwanArunNandaIndianRowHouse#11,GrandParadiCHSLtdNon-ExecutiveDirectorAugustKrantiMargMumbai400036,IndiaExhibitAKINGFISHERAIRLINESLIMITEDKeyManagementOfficialsNameandTitleCitizenshipAddressDr.VijayMallyaIndian#3,VittalMallyaRoadChairmanandManagingBangalore—560001DirectorIndiaMr.SanjayAggarwalUSCitizenwithFlatNo.5,9th&10thFloorCEOOverseasKISMATBuildingCitizenshipofPerryCrossRoadandKantwadiRoadIndiaBandra(West)Mumbai400052IndiaMr.A.RaghunathanIndian604—2BWallaceApartmentsExecutiveVicePresidentandKamshirBharuchaMarg,TardeoChiefFinancialOfficerMumbai400007India.Mr.HiteshPatelUSA903A,QuantumPark,ExecutiveVicePresident—UnionParkRoad,EngineeringandOperationsKhar(W)Mumbai400053IndiaMr.RajeshVermaIndian601,SolitaireExecutiveVicePresidentHiranandaniGardens,Powai,Mumbai400076IndiaMr.ManojChackoIndianFalconCastleC.H.SExecutiveVicePresident—TulsiPipeRoad,Commercial702CWingSenapatiBapatMargLowerParelMumbai—400013.IndiaApplicationofKingfisherAirlinesLimitedDocketDOT-OST-2010-November23,20102KINGFISHERAIRLINESLIMITEDIndian1/linistryofExternalAffairsDesignationLetterExhibitB

# MINISTRY

OF EXTERNAL

AFFAIRS NEW DELHI 

# No.

AC /202/1 1/57/99

November

10,

2008 

# f

The Ministry

of External

Affairs presents

its compliments

to the Embassy

of the United

States

of America

in New

D1hi

and

has

the honour

to state

that

in terms

of

the

Air Services Agreement

between

India

and America,

M/s Deccan Aviation

Limited

has

been designated

as Indian scheduled

carrier

to operate agreed

services

between

India

and America

besides

other

Indian scheduled carriers.

The name

of M/s Deccan Aviation

Ltd.

has been changed

to MIs Kingfisher Airlines

Limited.

It

is requested

that

the Civil Aviation Authorities

of America may please

be informed accordingly. The Ministry

of External

Affairs

avails

itself

of this opportunity

to renew

to the Embassy

of the United

States

of America

in New

Delhi

the assurances

of

its highest consideration. Embassy

of the United

States

of America, Chanakyapuri, New Delhi1

10021. (Fax

No: 24190017)KINGFISHERAIRLINESLIMITEDHomelandOperatingAuthorityExhibitC‘iicitNcl’I’CGovernmentofIndia1t.4t#:AOP#:S-12ciiRExpiryDate:31.1220124t4IQ1cl,AIROPERATORPERMIT3lRlciISCHEDULEDIndiatlIlct)‘1ll’IiM’1DirectorGeneralofCivilAviationitmTNOPERATORNAME:KINGFISHERAIRLiNESLTD.ciciiiiPcpDoingBusinessas:KINGFISHERsitiieM5Tff:Operatoraddress:UBTowerLevel12,UBCity,24,VitalMalIyaRoad,Bangalore-560001Telephone:022-26262424Fax:022-26262339email:thairman@flvkinefisher.comIndia—110003____j%Ifl1iti‘tl’pg’i*iT9r—110003DGCAComplex,Opp.Safdar;ungAirport,NewDelhi,ISl’clIeMIc9q,IOperationalPointsOfContactExecutiveVicePresident(Ops.&Engg.)Tele:022-26262330Fax:022-67031090hitesh.ppteløflvkinefishercomwiuiqjiFci1$Mqeii3lgiiiiPjijjg’)1937m134*ii’c*ic1’1ic’I1i.-i’i4qR’ufifciiiMRll‘fI’ii’i’T5Tjj4gliFuqq,R’’ifviNrfT*1ThiscertificatecertifiesthatKINGFISHERAIRLINESLTD.isauthorizedtoperformcommercialairoperations,asdefinedintheattachedoperationsspecifications,inaccordancewiththeoperationsmanualandRule134oftheAircraftRules1937,usingaircraftlistedin____mNameandSignature:(Dr.NasDateofissue:26.08.20031iPici,tm1iii-t.iITitle:DirectorGeneralofCivilAviation

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# I_________J_forscheduledAirTransportServices:4APPENDIX1PermitNo.S-12AIROPERATORPERMITSCHEDULEDAIRTRANSPORTSERVICES(PASSENGER)M/s.KingfisherAirlinesLimited,UBTower,Level12,UBCIty,24,VIttalMaIlyaRoad,Bangalore-560aol,Karnataka.ThefollowingaircraftcanbeoperatedundertheauthorityofthispermitS.No.AircraftTypeSerialSeatingSignatureRegn.No.OfaircraftNo.CapacityofAircraft25VT-KFEA320-232252213426.VT-KFFA320-232253113427.VT-KFGA320-232257613428.VTKI?HA319-131262114429.VT-KFIA319-1312634144—30.VT-KFJA319-131266414431.VT-KFKA320-2322670134--—32.VT-KAAATR-72-212A69966—-33.VT-KABATR-72-212A7286634.VT-KADATR-72-212A7306635.VT-KPLA320-2322817134-..,j.___5APPENDIXIAIROPERATORPERMITSCHEDULEDAIRTRANSPORTSERVICES(PASSENGER)PermitNo.S-12M/s.KingfisherAirlinesLimited,UBTower,Level12,UBCity,24,VittalMalIyaRoad,Bangalore-560001,Karnataka.ThefollowingaircraftcanbeoperatedundertheauthorityofthispermitforscheduledAirTransportServicesS.No.AircraftTypeSerialNo.SeatingSignatureRegn.No.OfaircraftofCapacityAircraft36.VT-KFMA320-232285613437.VT-KFNA321-232291615138VT-KFPA321-232291915139.VT-KFQA321-232292715140.VT-KFRA321-2322933-15141.VT-KAEATR72-212A7376642.VT-KAFATR72-212A7386643.VT-KAGATR72-212A74366—44.VT-KFSA321-2323034199—-_________45VT-KFTA320-2323089——17446.VT-KAHATR72—212A—7466647.vr-KFvA320-23231051746APPENDIX1AIROPERATORPERMITSCHEDULEDAIRTRANSPORTSERVICES(PASSENGER)PermitNo.S-12MIS.KingfisherAirlinesLimited,UBTower,Level12,UBCity,24,VittalMaflyaRoad,Bangalore-560001,Karnataka.ThefollowingaircraftcanbeoperatedundertheauthorityofthispermitforscheduledAirTransportServices:S.No.AircraftTypeSerialNo.SeatingSignatureRegn.No.OfaircraftofCapacityAircraft48.VT-KFWA321-232312019949.VT-KMATR72-212A75066—50.VT-KAJATR72.212A7546651.VT-KAKATR72-212A7586652.VT-KALATR72-212A7596653.VT-KFX-A320-232327017454.VT-KFYA321-232330217855.VT-KAMATR72-212A7626656.VT-KFZA321-2323322l7857.VT-KANATR72-212A—7676658.VT-KAOATR72-212A772—66——C59..VT-KAPATR72-212A77666Ioooo7APPENDIX1AIROPERATORPERMITSCHEDULEDAIRTRANSPORTSERVICES(PASSENGER)PermitNo.S-12MIs.KingfisherAirlinesLimited,UBTower,Level12,UBCity,24,VittalMaIIyaRoad,Bangalore-560001,Karnataka.ThefollowingaircraftcanbeoperatedundertheauthorityofthispermitforscheduledAirTransportServices:S.No.AircraftTypeSerialSeatingSignatureRegn.No.OfaircraftNo.CapacitofyAircraft60.VT-KAQATR-72-212A777—-66—-________61.VT-KARATR-72-212A7826662.VT-VJKA330-223874217--63VT-VJLA330-223891—21764.VT-V.JOA330-223939217--——65.VT-VJPA330-22394621766.VT-VJNA330-22392721712 OPERATIONS SPECIFICATIONS (subject

to the approved conditions

in the operations

manual)--•

.•

- Issuing Authority

Contact

Details Telephone: 91-11-24620784

Fax:

9 1-1 1-24652760

email: dgoffice@dgca.nic.in AOP

#:- Operator

name:

Date:- S-12

KINGFISHER

AIRLINES

LTD.

26.08.2003

Signature: Doing Business

as: KINGFISHER SPECIAL ALJTHORISATIONS B. Aircraft

Model:

Airbus A320-232 ,

7—- péràtiórn,

rn Approach

CAT: and landing 1/1I/IIIA/IIIB

Maximum RVR:550/350

(Yes,

diversion

RNAV

MNPS

RNP /200/75

m

Noor DH:200/100/

N/A)

time

(Specify

type)

(Yes

or (Specify

RNP 50/0

ft

(Specify

No)

1,

4,

5 or

10) Take-off

RVR:150

in

minutes) (Specify Yes_or_No) VT-KFI.

YES

YES—

NO

RNAV

1 &

5

NO

RNP

10 VT-KFM

YES

YES

NO

RNAV

1 &

5

NO

RNP

10 VT-KFT—

YES

YES

120

RNAV

1 &

5

NO

RNP

10 VT-KFV

YES

YES

120

RNAV

I &

5

NO

RNP

10 VT-KFX

YES

YES

120

RNAV

I

&

5

NO

RNP

10

(Contd

)9OPERATIONSSPECIFICATIONS(subjecttotheapprovedconditionsintheoperationsmanual)26.08.2003g’SSignal.wc,—.IssuingAuthorityContactDetailsTelephone:91-11-24620784Fax:91-11-24652760AOP#:Operatorname:Date:S-12KINGFISHERAIRLINESLTD.DoingBusinessas:KINGFISHERemail:dgoffice@dgca.nic.inSPECIALAUTIIORISATIONSA.AircraftModel:AirbusA320-232LowvisibilityoperationsRVSMETOPSPENoperationsAircraftRegnApproachCAT:andI/I1/1IIA/II1B•landingRVR:550/350(Yes,MaximumRNAVMNPSRNP/200/75mNoordiversiontime(SpecifyDH:200/100/N/A)(Specify(Specifytype)(YesorRNP1,4,5so/oftminutes)No)or10)Take-offRVR:15Om_________(SpecifyYesorNo)VT-ADVYESYESNORAVI&5NORNP10VT-ADWYESYESNORNAV1&5NORNP10VT-DKVYESYESNORNAVI&5NORNPIOVT-DKUYESYESNORNAVI&5NORNP10VT-DKRYESYESNORNAV1&5NORNP10VT-DKSYESYESNORNAVI&5NORNP10Telephone:91-11-24620784AOP#:S-12DoingBusinessas:KINGFISHERSPECiALAUTHORISATIONSA.AircraftModel:AirbusA320-2AircraftLowvisibilityoperationsIRVSMRegnApproachCAT:andI/II/IIJA/IIIBlandingRVR:550/350(Yes,/200/75mNoorDH:200/100/N/A)50/0ftRVR:150mDate:26.08.2003Signat1,OPERATIONSSPECIFICATIONS(subjecttotheapprovedconditionsintheoperationsmanual)IssuingAuthorityContactDetailsFax:91-11-24652760Operatorname:KINGFISHERAIRLINESLTD.email:dgoffice@dgca.nic.inOPERATIONSSPECIFICATIONS(subjecttotheapprovedconditionsintheoperationsmanual)Telephone:91-11-24620784AOP#:Operatorname:5-12KINGFISHERAIRLINESLTD.26.08.20031.-flSignatiAircraftLowvisibilityoperationsRVSMETOPSPBNoperationsRegnApproachCAT:andI/Ii/IIIA/IIIBMaximumRNPlandingRVR:550/350(Yes,diversionRNAVMNPS/200/75mNoor(SpecifyDH:200/100/N/A)time(SpecifytYPe)(YesorRNP1,4,so/oft(SpecifyNo)5orlO)Take-offRVR:150mminutes)(SpecifyYesorNo)—_____VT-KFAYESYESNORNAVI&5NORN?10VT-KFBYESYESNORNAV1&5NORNP10VT-KFCYESYESNORNAVI&5NORN?10VT-KFDYESYESNORNAVI&5NORNP10VT-KFEYESYESNORNAVI&5NORN?10VT-KFFYESYESNORNAV1&5NORN?10VT-KFGYESYESNORNAVI&5NORN?10VT-KFKYESYESNORNAV1&5NORN?10,,_,,4’IssuingAuthorityContactDetailsFax:91-11-24652760Date:email:dgoffice@dgca.nic.inDoingBusinessas:KINGFISHERSPECIALAUTHORISATIONSB.AircraftModel:AirbusA320-23212OPERATIONSSPECiFICATIONS‘(subjecttotheapprovedconditionsintheoperationsmanual)IssuingAuthorityContactDetailsTelephone:91-11-24620784Pax:9141-24652760email:dgoffice@dgca.nic.inAOP#:Operatorname:Date:-—___________________S-12KLNGFISHERAIRLINESLTD26.08.2003DoingBusinessas:Signature:•KINGFISHERSPECIALAUTHORISATIONSB.AircraftModel:AirbusA320-232(Contd)AircraftLowvisibilityoperationsRVSMETOPSPBNoperationsRegnApproachCAT:andlandingI/ll/IIIA/i11BMaximumRVR:550/350CYes,diversionRNAVMNPSRNP/200/75mNoor1311:200/100/N/A)time(Specifytype)(Yesor(SpecifyRNPso/oft(SpecifyNo)1,4,5orlO)Take-offRVR:150mminutes)(SpecifyYesorNo)VT-KFLYESYESNORNAVI&5NORNP10VT-KFMYESYESNORNAVI&5NORNP10VT-KFTYESYESNORNAVI&5NORNP10VT-KFVYESYESNORNAVI&5NORNP10VT-KFXYESYESNORNAV1&SNORNP1O13OPERATiONSSPECIFICATIONS(subjecttotheapprovedconditionsintheoperationsmanual)IssuingAuthorityContactDetailsDoingBusinessas:KINGFISHERC.AircraftModel:ATR42-500iTelephone:91-11-24620784Fax:91-11-24652760AOP#:Operatorname:Date:S-12KINGFiSHERAIRLINESLTD.26.08.2003Email:dgoffice@dgca.nic.inSPECIALAUTHORISATIONSSignatuiAircraftRegnLowvisibilityoperationsItVSMApproachandlandingETOPSCAT:1/Il/IIIA/JIIBRVR:550/350/200/75m200/100/50/OftPBNoperations(Yes,NoorN/A)RVR:Take-off.../.../.../125mMaximumdiversiontime(Specifyminutes)RNAV(Specifytype)(SpecifyYesorNo)MNPS(YesorNo)RNP(SpecifyRNP1,4,5or10)VT-ADJNONONONONONOVT-ADKNONONONONONO14OPERATIONSSPECIFICATIONS(subjecttotheapprovedconditionsintheoperationsmanual).,,rn.,(SI’IssuingAuthorityContactDetailsTelephone:91-11-24620784Fax;91-11-24652760email:dgoffice@dgca.nic.inAOP#:Operatorname:Date:S-12KJNGFISHERAIRLINESLTD.26.08.2003ASignature::-I)DoingBusinessas:KINGFISHER—_____________________________SPECIALAUTHORISATIONSD.AircraftModel:ATR72-212ALowvisibilityoperationsRVSMETOPSPUNoperationsAircraftApproachCAT:Regnand1/I1/IIIA/IIIBlandingRVR:Maximum550/350/200(Yes,diversionRNAVMNPSRNPNoor(SpecifyDH:time(Specifytype)(YesorRNP1,4,200/100/50/N/A)(SpecifyNo)0ftminutes)or10)RVR:Take-off/.../..,/125m(SpecifyYesorNo)—V1-DKANONONORNAV1&5NONOVT-DKBNONONORNAV1&5NONOVT-DKDNONONORNAV1&5NONOVT-DKENONONORNAVI&5NONOVT-DKINONONORNAVI&5NONOVT-DKJNONONORNAV1&5NONOVT-DKI-INONONORNAV1&5NONOVT-DKKNONONORNAV1&5NONO15*OPERATIONSSPECIFICATIONS(subjecttotheapprovedconditionsintheoperationsmanual)4,flt,(ii’IssuingAuthorityContactDetailsTelephone:91-11-24620784Fax:91-11-24652760email:dgoffice@dgca.nic.inAOP#:Operatorname:Date:S-12KINGFISHERAIRLINESLTD.26.08.2003SignatureDoingBusinessas:1<1NGFISHERSPECIALAUTHORISATIONSD.AircraftModel:ATR72-212AContd....AircraftLowvisibilityoperationsRVSMETOPSPBNoperationsRegnApproachCAT:and1/II/IIIA/IIIBlandingRVR:550/350/200yesMaximumRNP/75m‘‘diversionRNAVMNPSPH:Noortime(Specifytype)(Yesor(Specify200/100/50/N/A)(SpecifyNo)RNP1,Oft.orlO)minutes)RVR:Take-oft..../“../...m(SpecifyYesorNo)VT-KMNONONORNAV1&5NONO‘ji.yNONONORNAVI&5NONOVT-KADNONONORNAV1&5NONOVT-KAENONONORNAVI&5NONOVT-KAFNONONORNAVI&5NONOVT-KAGNONONORNAV1&5NONOVT-KAHNONONORNAV1&5NONOVT-KAINONONORNAV1&5NONOVT-KAJNONONO_—RNAV1&5NONO__-—16-—OPERATIONSSPECIFICATIONS-r(subjecttotheapprovedconditionsintheoperationsmanual)IssuingAuthorityContactDetailsTelephone:91-11-24620784Fax:91-11-24652760email:dgofflce@dgca.nic.inAOP#:Operatorname:Date:5-12KINGFISHERAIRLINESLTD.26.08.2003SignatureDoingBusinessas::KINGFISHERSPECIALAUTHORISATIONSL).AircraftModel:ATR72-212A(Contd....)AircraftLowvisibilityoperationsRVSMETOPSPBNoperationsRegnApproachCAT:and1/lL/II1A/I1IBlandingRVR:550/350/200(Yes,MaximumRNPdiversionRNAVMNPS/75rnNoorDH:time(Specifytype)(Yesor(Specify200/100/50/N/A)(Speci1’No)RNP1,4,5Oftminutes)or10)RVR:Take-off.../.../....m(SpecifyYesorNo)—______________-______VT-KAKNONONORNAVI&5NONOVT-KALNONONORNAVI&5NONOVT-RAMNONONORNAV1&5NONOVT-RANNONONORNAV1&5NONOVT-KAONONONORNAVI&5NONOVT-RAPNONONORNAVI&5NONOVT-KAQNONONORNAVI&5NONOVT-KARNONONORNAV1&5NONO17OPERATIONSSPECIFICATIONSq’,,(subjecttotheapprovedconditionsintheoperationsmanual)IssuingAuthorityContactDetailsTelephone:91-11-24620784Fax:91-11-24652760email:dgoffice@dgca.nic.inAOP#:Operatorname;Date:S-12KINGFISHERAIRLINESLTD.26.08.2003SignatureDoingBusinessas:KINGFISHERSPECIALAUTHORISATIONSEAircraftModel:AirbusA319-131AircraftLowvisibilityoperationsRVSMETOPSPHNoperationsRegnApproachCAT:andlanding1/11/IIIA/IIIBRVR:550/350/200Maximum/75m(Yes,diversionRNAVMNPSRNPDII:Noor(Specifytime(Specifytype)(YesorRNP1,4.5200/100/50/N/A)Oft(SpecifyNo)orlci)RVR:minutes)Take-off../..../.../15O..m(SpecifyYesorNo)—-______VT-KFHYESYESNORNAVI&5NORNP10VT-KFIYESYESNORNAVI&5NORNP10RNP10VT-KFJYESYESNORNAV1&5NOOPERATIONSSPECIFICATIONS(subjecttotheapprovedconditionsintheoperationsmanual)4fsuingAuthorityContactDetailsTelephone:91-11-24620784Fax:91-11-24652760email:dgoffice@dgca.nic.inAOP#:Operatorname:Date:S-12KINGFISHERAIRLINESLTD.26.08.2003Signature:DoingBusinessas:KINGFISHERSPECIALAUTHOR1SATIONSF.AircraftModel:AirbusA321-232AIrowvisibilItyoperationsRVSM_J__ETOPSPBNoperations_______RegnJApproachCAT:and1/ll/IIIA/IIIBlandingRVR:550/350/200Maximum/75m(Yes,diversionRNAVMNPSRNPDH;Noor(Specify200/100/50/N/A)time(Specifytype)(YesorRNP1,4,50ft(SpecifyNo)or10)RVR:minutes)Take-off../..../..../125m(SpecifyYesorNo)VT-KFNYESYES120RNAVI&5NORNP10VT-KFPYESYES120RNAVI&5NORNP10VT-KFQYESYES120RNAV1&5NORNP10VT-KFRYESYES120RNAVI&5NORNP10VT-KFSYESYES120RNAVI&5NORNP10VT-KFWYESYES120RNAVI&5NORNP10VT-KFYYESYES120RNAV1&5NORNP10VT-KFZYESYES120RNAVI&5NORNP10‘__,_-.....‘:.‘.18wiebw..19AOP#:s-i2OPERATIONSSPECIFICATIONS(subjecttotheapprovedconditionsintheoperationsmanual)IssuingAuthorityContactDetailsFax:91-11-24652760KINGFISHERAIRLINESLTD26.08.2003DoingBusinessas:KINGFISHERSPECIALAUTHORISATIONSG.AircraftModel:AirbusA330-223Telephone:91-11-24620784Operatorname:Date:email:dgoffice@dgca.nw.iniJbPSignatuAircraftRegnLowvisibilityoperationsApproachandlandingRVSMETOPSCAT:1/Il/IIJA/J!IBRVR550/350/200/75mOH:200/100/50/OftPBNoperations(Yes,NoorN/A)RVRTake-off..../.../.../125mMaximumdiversiontime(Specifyminutes)RNAV(Specifytype)VT-VJK(SnecifvYesorNo1MNPS(YesorNo)YESRNP(SpecifyRNP1,4,5orlO)YES120RNAVI&5NOVT-VIL,YESYES120RNAVI&SNORNP5/10VT-VJOYESYES120RNAVI&5NORNP5/10VT-ViP-YESYES120RNAVI&5NORNP5/10RNP5/10VT-VjNYESYES120RNAVI&5NORNP5/1O_--OPERATIONSSPECIFICATIONS(subjecttotheapprovedconditionsintheoperationsmanual)IgAuthorityContactDetailsTelephone:91-11-24620784AOP#:Operatorname:5-12KINGFISHERAIRLINESLTD.DoingBusinessas:KINGFISHERETOPSAIRCRAFTANDROUTEFax:91-11-24652760email:dgoffice@dgca.nic.inSPECIFICAPPROVALSCAMOapprovedvide0/0DDG,WR,MumbailetterNo.Q-3/KFR/CAMO/2944dated30thJuly,2010AirbusA330-223:VT-VJK,VT-VJL,VT-yiN,VT-VJ0,VT-VJP,AirbusA320-232:VT-KFT,VT-KFV,VT-KFXAirbus321-232:VT-KFN,VT-KFP,VT-KFQ,VT-KFR,VT-KFS,VT-KFW,VT-KFY,VT-KFZ20Date:26.08.2003Siairworthiness:REMARKSOtherauthorizations:-Route-Mumbai-Singapore-MumbalDiversionTime-120minutesKINGFISHERAIRLINESLIMITEDFinancialStatementsExhibitDSOURCES

OF FUNDS Shareholders’

Funds Share Capital Employees

Stock Option Outstanding

(Net

of deferred compensation

cost) Reserves

and Surplus Loan Funds Secured

Loans Unsecured

Loans APPLICATION

OF FUNDS Fixed Assets Gross

Block Less Accumulated

Depreciation

I Amortisation Net Block Capital Workn.Progress Current

Assets.

Loans

and Advances Inventories Sundry Debtors Cash

and Bank Balances Other Current

Assets Loans

and Advances Less: Current Liabilities

and Provisions Current Liabilities Provisions Net Current

Assets Initial

Cost

on Leased Aircrafts Miscellaneous

Expenditure

(To

the extent

not written

off) Profit

and

Loss Account TOTAL

Asat

Asat Schedules

March

31, 2010

March

31, 2009 Rs.

in Lacs

Rs.

in Lacs 36,290.89

36290.89 748.17

81094 2

8,022.19

8022.19 45,061.25

45124.02 3

484,242.55

262252.11 4

308,017.12

304,303.74 792,259.67

566,555.85 837,320.92

611619.87 204,813.71

189,180.24 49,362.29

31,628.58 155,451.42

157,551.66 98060.50

163,094.65 253,511.92

320,64631 5.00

5.00 2,798.27

- 284,103.11

203,408.50 40,666.60

36,435.30 243,436.51

166,973.20 16,487.74

14,724.68 32,248.53

27,423.28 20,646.70

17,186.70 238.83

397.46 176,088.58

143,591.10 245,710.38

203,323.22 350,136.49

349,467.53 4,676.53

4,554.58 354,813.02

354,022.11 (109,102.64)

(150,698.89) 14,564.23

16,644.80 -

450.88 432,107.63

257,658.57 837,320.92

611,679.87 Balance

Sheet

as

at March

31, 2010 TOTAL

5 I Mumbai May28

2010 38 Investments.........

....

5 Foreign Currency Monetary

Item Translation

Difference

Account‘.- (Refer

note

31

on schedule

21).,.

:.• Deferred

Tax Asset

(Refer

note

18

on schedule

21)‘.-• Deferred

Tax Asset Less Deferred

Tax Liability 10

11 ‘l.. 13 14 21 Notes

and additional information As per

our report

of even

date For

B.

K. Ramadhyani

& Co. Chartered Accountants Shyam Ramadhyani Partner Membership

No. 019522

For

and

on behalf

of the Board

of Directors Dr. Vay Mallya

A.

K. Ganguly

A.

K. Ravi Nedungadi Chairman

& Managing

Director

Director

Director Mumbai

A. Raghunathan

N. Srivatsa May

28, 2010

Chief

FTha ncial Officer

Company

SecretaryProfitandLossAccountfortheyearendedMarch31,2010INCOMEIncomefromServicesOtherIncomeTOTAL____________EXPENDIflJREEmployeesCosts68,875.49AircraftFuelExpenses180,a98.76Aircraft/EngineLeaseRentals109,381.52OperatingandOtherExpenses238,173.06DepreciationIAmortisationonfixedassets16,27975Amortisations5,449A0FinancialCharges109,65052TOTAL-.________________________Lossbeforeforeignexchangetranslationdifference,exceptionalitemandTaxexpenseAdd:ForeignExchangeTranslationDifferenceCostsincurredonaccountofprematureterminationoflease,purchasecontracts:.________________LossafterforeignexchangetranslationdifferenceexceptionalitembutbeforeTaxexpenseProvisionforTaxexpense-CurrentTax-DeferredTaxCharge-FringeBenefitTax..,..,...(Netofprovisionfortaxnolongerrequiredwrittenback)-LossAfterTaxexpense‘-s”:LessEffectofChangeinmethodofaccountingMaintenanceRenfreservesuptoMarch312008______________________________BalanceinPropreviousyearForeignexchangeGaininrespectoflongtermmonetaryitemsadjusted14,590.50Less:Adjustmentfordepredationpertainingtopreviousyear3,544.03Less:Amortisationofforeignexchangegainforpreviousyear(Refernote4onschedule4¬e31onschedule21)(8.407.53)LosscarriedtoBalanceSheet________________________________Losspersharebeforeexceptionalitems(parvalueRslot-)basicanddiluted(inRupees)Losspershareafterexceptionalitem(parvalueRs10/-)basicanddiluted(inRupees)Weightedaveragenumberofequityshares(innos.)Notesandadditionalinformation21AsperourreportofevendateForB.K.Ramadhyani&Co.CharteredAccountantsShyamRamadhyaniDr.‘.lijayMallyaA.K.GangulyA.K.RaviF’JedurigadiPartnerChairman&ManagingDirectorDirectorDirectorMembershipNo.019522MLimbaiMumbalA.RaghunathanN.SrivatsaMay28,2010May28,2010ChiefFinancialOfficerCompanySecretarySchedules2009-20102008-2009Rs.inLessRs.inLacs506.791.8220,312.29151617181920523,898.126,360.46527,104.11530,258.5882,385.23260,262.08118,513.22243,402.7613.320043,838.8977,855.66728.108.10799,577.88201,003.99269,319.305,022.09(24,469.79)35,765.4723,753.54241,791.55(76,463.31)(606.18)268.60305(55,887.62)1,250.00164,722.06213,965.43-(53,082.44)164,722.06160,882.99257,658.579,727.0096,775.58432,107.63257,658.5752.9661.9581.0372,3326,59,08,88322,24,34,428ForandonbehalfoftheBoardofDirectorsCERTIFICATEOFSERVCEIherebycertifythatonecopyoftheforegoingApplicationofKingfisherAirlinesLimitedhasthisdaybeenservedoneachofthefollowingindividualsviae-mail.sascha.vanderbellen@delta.comscott.mcclain@delta.comsametta.c.barnett@delta.comkquinn@pillsburywinthrop.combkeiner@crowell.combruce.rabinovitz@wilmerhale.comjeffrey.manley@united.combob.kneisley@wnco.comrobert.land@jetblue.commsinick@ssd.comcdonley@ssd.comgbleopard@fedex.comdvaughan@kelleydrye.comkevin.montgomery@polaraircargo.comjrichardson@johnlrichardson.comlhalloway@crowell.comefaberman@wileyrein.commroller@rollerbauer.comhoward.kass@usairways.combenjamin.slocum@usairways.comsophy.chen@hklaw.comdavid.heffernan@wilmerhale.comjhill@dlalaw.combill@mietuslaw.commgoldman@sgbdc.comrsilverberg@sgbdc.comdhainbach@ggh-airlaw.commcmillin@woa.comeskraft@jamhoff.comdpdean@jamhoff.comdkirstein@yklaw.comjyoung@yklaw.comdonna.kooperstein@usdoj.govdwight.moore@ustranscom.miljohn.allen@faa.govurskr@state.govrecohn@hhlaw.comcjsimpson@zsrlaw.compmurphy@lopmurphy.comIachter@starpower.netanita.mosner@hklaw.comrpommer@atlasair.comgmurphy@crowell.comrussell.bailey@alpa.orgesahr@eckertseamons.comDATED:November23,2010ChristopherCarlsen11