UB says Kingfisher Airlines’ logo only for aviation, warns of legal challenges
Advertisement
A day after we reported that Kingfisher Airlines’ logo was up for sale, United Breweries has said that the buyer would be able to use the logo to set up another airline and nothing else.
United Breweries said the logo can only be used for aviation. It also warned of legal challenges if the logo was used for any other purposes as UB holds rights to the brand.
READ ALSO: To recover dues, Kingfisher Airlines’ logo will also go under hammer
The Kingfisher Airlines’ logo would be sold with other trademarks like Fly Kingfisher, the logo of the Flying Bird Device and the word mark 'Fly the Good Times'.
UB Managing Director Shekhar Ramamurthy told ET, “We also have exclusive rights to the Kingfisher trademark in a few other categories such as merchandising material, clothing, etc. The trademark that is being put up for sale by SBI (State Bank of India) is for the airline category only. Any prospective buyer cannot use it in any category where we have exclusive usage rights.”
READ ALSO: Vijay Mallya offers a deal to the banks- to repay Rs 4,000 cr debt by September this year
The base price of the logo has been kept at Rs 366.7 crore. An earlier bid to sell Vijay Mallya’s house in Mumbai had also failed.
The Kingfisher brand name was pledged to 14 lenders, including SBI,IDBI Bank , Punjab National Bank, Bank of India and Bank of Baroda under a debt recast agreement.
Advertisement
READ ALSO: To recover dues, Kingfisher Airlines’ logo will also go under hammer
The Kingfisher Airlines’ logo would be sold with other trademarks like Fly Kingfisher, the logo of the Flying Bird Device and the word mark 'Fly the Good Times'.
UB Managing Director Shekhar Ramamurthy told ET, “We also have exclusive rights to the Kingfisher trademark in a few other categories such as merchandising material, clothing, etc. The trademark that is being put up for sale by SBI (State Bank of India) is for the airline category only. Any prospective buyer cannot use it in any category where we have exclusive usage rights.”
Advertisement
The base price of the logo has been kept at Rs 366.7 crore. An earlier bid to sell Vijay Mallya’s house in Mumbai had also failed.
The Kingfisher brand name was pledged to 14 lenders, including SBI,
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market