DOCSLIB.ORG

Airline Allied Services Limited

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Airline Allied Services Limited AASL AIRLINE ALLIED SERVICES LIMITED AASL CONTENTS Page No. 1. Board of Directors 1 2. Directors’ Report 2 3. Comments of the Comptroller & Auditor General of India 26 4. Independent Auditors’ Report 28 5. Balance Sheet as at 31 March 2015 51 6. Statement of Profit & Loss for the year ended 31 March 2015 52 7. Cash Flow Statement 53 8. Notes forming part of the Financial Statements for the year ended 31 March 2015 54 AASL BOARD OF DIRECTORS (as on 28 DECEMBER 2015) Shri Ashwani Lohani Chairman Shri Vinod Hejmadi Director Shri Pankaj Srivastava Director Smt. Meenakshi Dua Director Capt Arvind Kathpalia Director Dr. (Smt.) Shefali Juneja Director Smt. Puja Jindal Director Chief Executive Officer Shri C.S. Subbiah Auditors M/s. Chandra Gupta & Associates Chartered Accountant E-103, Palm Court Apartments Plot No.-3, Sector-19-B, Dwarka New Delhi-110 075. Company Secretary Shri Gagan Batra Registered Office Old Lufthansa Hanger Building, (Adjacent to ED-NR Office) I.G.I. Airport, T-1, New Delhi-110 037 1 AASL DIRECTORS' REPORT 2014-15 The Shareholders, Airline Allied Services Limited. The Directors of your company have pleasure in presenting the Thirty Second Annual Report together with audited Statement of Accounts of Airline Allied Services Ltd. for the year ended 31st March 2015. During the year, the company incurred a net loss of Rs.183.92 crores (previous year Rs. 249.40 crores). Although the total revenue has decreased by Rs 14.44 crores, the total losses have also fallen due to decrease in operations. The decrease in losses can be attributed to the following reasons: § Passenger revenue decreased by Rs. 16.46 crores (Rs.178.09 crores against Rs.194.55 crores), due to lower passengers carriage by 0.054 million (0.310 million against 0.364 millions) and higher passenger yields by Rs. 401/- (Rs. 5746 against Rs. 5345). § Other income increased by Rs. 1.75 crores (approx) during the year 2014-15 due to : - Increase by Rs. 19.17 crores on account of VGF operations. - Decrease in sundry receipts by Rs. 17.42 crores on account of decrease in Sundry Receipts (Maintenance Reserve Refunds). § ATF cost decreased by Rs. 22.93 crores due to less operations and decrease in average ATF rate from Rs. 58149.36 to Rs. 51701.07 per Kl. § Decrease in provision for obsolescence of aircraft rotables, non-rotables & special tools by Rs. 7.07 crores due to redelivery of Aircraft and increase in the lease life of remaining Aircraft. Material consumed for Aircraft also decreased by Rs. 3.91 crores § Decrease in cost of repair of Aircraft, both, in-house and outside repairs by Rs. 61.16 crores during the year 2014-15. § Foreign exchange rate increased from Rs. 60.49 to Rs. 62.50 (closing rates) resulting in net foreign exchange loss of Rs. 0.68 Crores § Decrease in lease charges by Rs. 13.78 crores due to redelivery of Aircraft. § Decrease in Staff cost by Rs. 9.37 crores due to transfer of engineering staff to AIESL and decrease allowances & other payments of crew. § The amount of handling charges increased by Rs4.84 crores during the year. § Financial cost increased by Rs. 31.51 crores as Holding company debited a sum of Rs. 103.47 crores (previous year Rs. 71.96 crores) towards interest on the amount outstanding as on 31st March 2015. Financial and Physical Performance The Financial and Physical performance for the year under review vis-a-vis the previous year is given here under: 2 AASL Financial Performance (Rs. in Crs.) 2014-15 2013-14 Operating Revenue 179.93 196.74 Passenger Revenue (ATR & CRJ) 178.09 194.55 Other Operating Revenue 1.84 2.19 Other Income including VGF 48.02 45.65 Total Revenue 227.95 242.39 Total Expenses 411.87 491.79 Net Profit/(Loss) for the year Before Tax -183.92 (249.40) Net Profit/(Loss) for the year After Tax -183.92 (249.40) Share Capital 2.25 2.25 Physical Performance 2014-15 2013-14 ASKMs (in millions) 289.614 340.892 RPKMs (in millions) 197.916 249.576 Passengers Carried (in millions) 0.310 0.364 Seat Factor (%) 68.3 73.2 Load Factor (%) 58.5 61.6 Share Capital: Authorised Capital The Authorised Share Capital of the company as on 31-03-2015 is Rs. 500,00,00,000/-(Five Hundred Crores) divided into 500,00,000 (Five Crores) equity shares of Rs.100/- each. Issued, Subscribed and Paid-up Capital As on 31st March 2015, the Issued, Subscribed & Paid-up Share Capital of the Company was Rs.2.25 crores divided into 225,000 fully paid up equity shares of Rs.100/- each. The entire Share Capital of the Company is held by Air India Limited, the holding company. Amounts transferred to Reserves The Board of the company has decided/proposed to carry Rs NIL to its reserves. Fleet Position The fleet position of the company as at the year end consisted of 10 leased aircraft was as under:- 3 AASL Aircraft Type No. of Aircraft Owner ATR-42-320 04 Leased from M/s Abric Leasing Ltd, Ireland Bombardier CRJ-700 04 Leased from different overseas lessors ATR 72-600 02 Leased from M/s AVAP Leasing (Asia) Ltd., Dublin, Ireland Network/ New Links As at the year end, the network of the company consisted of 25 domestic stations and has been operating around (ATR-42-36 +CRJ-94 & ATR-72-600-40 flights/ week) 170 flights per week. Technical Reliability Aircraft-wise Technical Reliability during the year 2014-15 was as under: a) ATR 72-600 99.44% b) ATR 42-320 99.24% c) CRJ-700 99.15% Aircraft Utilization Aircraft utilization during the year 2014-15 was as under: a) ATR 72-600 07:51BH b) ATR 42-320 07:40 BH c) CRJ-700 04:58 BH The company introduced services on the following new routes/additional flights during the year 2014-15:- New Flights / Links a) ATR-42-320 Aircraft § Delhi / Pantnagar / Delhi – 4 times/week w.e.f 14th October 2014. § More flights to North East reinstated under consultation with North Eastern Council w.e.f 1st August 2014. ATR flights were earlier withdrawn in January 2013 due to cessation of VGF receivable from North Eastern Council. § Kolkata/Guwahati /Lilabari & rtn -4 times/week w.e.f 01st August 2014 § Kolkata/Silchar /Tezpur & rtn -3 times/week w.e.f 01st August 2014 § Frequency increased to 6 times/week instead of 5 times/week on Kolkata/ Shilling / Kolkata w.e.f 01stAugust 2014. b) ATR-72 Aircraft § Delhi/ Rajkot / Delhi -6 times/week w.e.f 23rd February 2015 § Frequency increased to 7 times/week on Delhi/Rajkot/ Delhi w.e.f 18th March 2015 4 AASL c) CRJ Aircraft § Mumbai/ Bhuj/ Mumbai – 5 times/week w.e.f. 15th May 2014 § Frequency increased to 6 times/week instead of 3 times/week on Delhi/ Surat / Delhi w.e.f. 23rd February 2015 § Portblair / Car Nicobar / Portblair - 1 times/week charter operation with CRJ w.e.f 24th July 2014 Operation of flights with VGF support/Charters: During the year 2014-15, the following flights/routes continued to operate regularly under VGF support program with the respective State Governments/Government agencies. 1. Kochi/Agatti/Kochi with ATR-42 aircraft 6 times per week with support from Lakshadweep Administration. 2. With VGF support from North Eastern Council: a. Kolkata/Silchar/Tezpur & return 3 times per week with ATR-42 aircraft. b. Kolkata/Guwahati/Lilabari & return 4 times per week with ATR-42 aircraft c. Kolkata/Shillong/Kolkata 6 times per week with ATR-42 aircraft 3. Charter operations on Portblair/Car Nicobar/Portblair with CRJ aircraft once per week on behalf of the Andaman and Nicobar Administration commenced on 21st July 2014. The charters are operating regularly. Human Resources The staff strength of the company at the close of the year was 664(938) including 17 (23) employees on deputation from the parent Company, Air India. Out of above, services of 474 (532) employees were seconded to Air India. Therefore, effectively, the Company had 190(406) employees at the close of the year for in its own operations. All the employees of the Company are on fixed term contract basis. Out of the 664 contractual employees, 334 (50.30%) were female employees. Cadre-wise, as on 31st March, 2015, there were 59 Pilots, 401 cabin crew and remaining 204 were other categories of employees. The Company has been supplementing cabin crew and other manpower as required by Air India. AASL had deployed 474 staff (356 cabin crew, 24 Operations, 08 VHF Operator, 57 Ground & Other Commercial &29 Security Attendants) till 31st March 2015 on deputation to Air India. AASL had transferred 165 staff (97 Licensed Engineers/AME/Dy. AME/Dy. Engineer & 68 Sr. Tech-1/1A, Technicians-I/II) to MRO, AIESL as on 1st January, 2015 & 40 (29 Licensed Engineers/AME/Dy. AME/Dy. Engineer & 11 Sr. Tech-1/1A, Technicians-I/II) deputed from AIESL to AASL as on 1st January, 2015. Since the Company could not develop in-house expertise in the field, it had recruited 3 employees on contract who were superannuated from AIL, by virtue of their knowledge and long experience to handle some key positions, to satisfy/meet the regulatory requirements. As on 31st March 2015, there were total 8 expatriate, out of which (7) expatriate commanders on ATR and 1 ex- patriate commander on CRJ Line Captain. Out of these 7, 4 are Training Captain.
Load more

Recommended publications
  • Annual Report 2004-2005
    Annual Report 2004-2005 Highlights 1 1.1 Gradual liberalization in international air services each by winter 2005. UK carriers have also been has been a continuous process with the basic granted access to Bangalore, Hyderabad and Cochin objective of meeting the increasing demand for besides the 4-metro destinations and Indian carriers travel on international routes. Increased to Glasgow, Edinburgh and Bristol in addition to connectivity, greater capacity and more choices for London, Manchester and Birmingham. passengers have a direct bearing on economic growth, apart from meeting the needs of business, Entitlements on India-Australia sector will also be trade and tourism. This process was continued enhanced from the existing 2100 seats/week to 6500 through several initiatives taken during the year. seats/week over the next two years. Australian carriers will also get access to Chennai, Bangalore Some of the major initiatives taken during the year are:- and Hyderabad as additional points over this period. • Revised Air Service Agreement with USA: Entitlements on India-France sector have been As per revised Air Services Agreement, both increased to 35 weekly services effective countries can designate any number of airlines Summer 2005 from 14 weekly services. French and can operate any number of services from carriers will have access to three additional any point in the home country to any point in points in India namely Bangalore, Chennai and the territory of other Contracting State with full Hyderabad. Indian carriers will be able to intermediate and beyond traffic rights. commence 5th Freedom beyond rights to/from • Liberalization of Entitlements with UK, Australia new points in North America from designated and France: points in France.
    [Show full text]
  • 25/01/2019 16:21 Page 1 of 38 AIR INDIA LIMITED AI / INTERNAL AUDIT / 2019-20 TENDER for APPOINTMENT of INTERNAL AUDITORS of AI
    AIR INDIA LIMITED AI / INTERNAL AUDIT / 2019-20 TENDER FOR APPOINTMENT OF INTERNAL AUDITORS OF AIR INDIA AT DELHI, MUMBAI, CHENNAI, HYDERABAD AND KOLKATA FOR THE PERIOD JANUARY 2019 - MARCH 2020 : REGISTERED OFFICE AIR INDIA LIMITED, AIRLINES HOUSE , 113 - GURUDWARA RAKABGANJ ROAD, NEW DELHI-110001 25/01/2019 16:21 Page 1 of 38 DISCLAIMER The information contained in this TENDER or subsequently provided to bidder(s) whether verbally or in documentary or in any other form or on behalf of Air India, is provided to the bidder(s) on the terms and conditions set out in this TENDER and such other terms and conditions subject to which such information is provided. This TENDER is not an agreement and is neither an offer nor invitation by Air India to the prospective bidder(s) or any other person. The purpose of this TENDER is to provide interested parties with information that may be useful to them in making their technical and financial offers pursuant to this TENDER. While the document has been prepared in good faith, no representation or warranty, express or implied, is or will be made, and no responsibility or liability will be accepted by Air India (AI) or any of its employees, in relation to the accuracy or completeness of this document and any liability thereof is expressly disclaimed. No contractual obligation on behalf of Air India, whatsoever, shall arise from the offer process unless and until a formal contract is signed and executed by duly authorized officers of Air India and the bidder. Air India make no representation or warranty
    [Show full text]
  • Air India Limited
    $~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 01.06.2021 + W.P.(C) 4203/2020 and CM 19550, 15095/2020 & 1488/2021 ARJUN AHLUWALIA ..... Petitioner Through: Mr. Shankar Raju and Mr. Nilansh Gaur, Advocates versus AIR INDIA LIMITED ..... Respondent Through: Mr. A.P. Singh, Ms. Padma Priya & Ms. Akanksha Das, Advocates AND + W.P.(C) 4420/2020 and CM 19558, 15920/2020, 8290/2021 & 1489/2021 CAPTAIN SNEHA BHANOT AND ANR ..... Petitioners Through: Mr. Shankar Raju and Mr. Nilansh Gaur, Advocates versus AIR INDIA LIMITED ..... Respondent Through: Mr. Sanjeev Sen, Sr. Advocate with Mr. A.P. Singh, Ms. Padma Priya & Ms. Akanksha Das, Advocatess AND + W.P.(C) 4850/2020 and CM 19552/2020, 17494/2020 & 3143/2021 PRADEEP KUMAR ..... Petitioner Through: Ms. Aarti Mahto for Mr. Abhishek Bharti, Advocate versus AIR INDIA LIMITED ..... Respondent Through: Mr. A.P. Singh, Ms. Padma Priya & Ms. Akanksha Das, Advocates AND W.P.(C) 4203/2020 and connected matters Page 1 of 122 + W.P.(C) 4851/2020 and CM 17496/2020, 19702/2020 & 3219/2021 AADITYA MAHESHWARI ..... Petitioner Through: Ms. Aarti Mahto for Mr. Abhishek Bharti, Advocate versus AIR INDIA LIMITED ..... Respondent Through: Mr. A.P. Singh, Ms. Padma Priya & Ms. Akanksha Das, Advocates AND + W.P.(C) 4928/2020 and CM 19481, 17800/2020 & 3150/2021 CAPTAIN LOKESH RAMPAL ..... Petitioner Through: Mr. Shankar Raju and Mr. Nilansh Gaur, Advocates versus AIR INDIA LIMITED ..... Respondent Through: Mr. A.P. Singh, Ms. Padma Priya & Ms. Akanksha Das, Advocates AND + W.P. (C) 5184/2020 and CM 18692, 19486, 19487/2020 & 3316/2021 VIGNESH SANGARAN ....
    [Show full text]
  • Air India Limited, Including AI’S Shareholding Interest in the AIXL and AISATS by Government of India Ministry of Civil Aviation
    PRELIMINARY INFORMATION MEMORANDUM For Inviting Expression of Interest for Strategic Disinvestment of Air India Limited, including AI’s shareholding interest in the AIXL and AISATS by Government of India Ministry of Civil Aviation Transaction Advisor Ernst & Young LLP India 3rd & 6th Floor, Worldmark-1, IGI Airport Hospitality District, Aerocity, New Delhi-110037, India 27 January, 2020 DISCLAIMER Ernst & Young LLP India (“EY” or “TA”) has been appointed as transaction advisor by the Government of India (“GOI”) for advising and managing the proposed strategic disinvestment of Air India Limited (“AI” or “Company”) by way of transfer of management control and sale of 100% equity share capital of AI held by GOI. AI inter alia holds 100% equity share capital of Air India Express Limited (“AIXL”) and 50% equity share capital of Air India SATS Airport Services Private Limited (“AISATS”) (together with AI and AIXL referred to as “Companies”). This Preliminary Information Memorandum (“PIM”), which includes proprietary information on the Companies, has been prepared by EY for the limited purpose of providing certain information about the Companies to enable the recipients to be appraised of basic details of the Companies and make an assessment in relation to the Proposed Transaction (as defined below) prior to submission of an initial proposal (“EOI”) by interested bidders (“Interested Bidders” or “IBs”) in respect of the Proposed Transaction. This PIM has been prepared for information purposes only, without any regard to specific objectives, suitability, financial situations and needs of any particular person. The information contained in this PIM or any other information subsequently provided to Interested Bidder(s), whether written or in any other form, by or on behalf of the GOI or the Companies or TA or any of their employees or advisors, is provided to Interested Bidder(s) on the terms and conditions set out in this PIM and such other terms and conditions subject to which such information is provided.
    [Show full text]
  • Air India Maharaja Offer
    Air India Maharaja Offer post-Tertiary,Gnarly Husain Noland debug neverno bicorn trim plopsany sapidity! champion Riled after Brian Blair domesticize enquire cautiously, some stimulators quite thysanurous. after native Sought-after Markus cornices or inly. The facilities available at the lounges may vary from airport to airport. Air India also has decided to have penalty waivers, a waiver of cancellation charges if proof of visa rejection is provided. The reason I was worried was because of how tightly I had planned this trip. Initially there were separate airlines to serve the domestic and international sectors. Salvador Dali designed an ashtray. Year to india offer. London to Mumbai, when I was a boy. Our timelines are very clear. For all concessionary fare types, concessions are given on normal fares. Unlike many antique websites on the internets, we refuse to guestimate or overcharge our customers for shipping. At that point the safety video was screened. Brand Air India still has some equity both in India and abroad. Then come the supersonics. To ensure your satisfaction and protection, we have a Return Policy for Damaged items only. Tata was a terror. Hopefully all goes well and Maharaja stays on to serve flying public. Gmail, Netflix, Linkedin account credentials leaked? China, for all points in China where Air India operates direct flights. They just like to blame Air India. Air India, United and American are likely to join the bidding race. However, privatization is easier said than done. Its yet another lounge with comfortable seating but with poor food spread and taste. There has been little informed debate on the future of the National Aviation Company of India, better known as Air India, which is currently fighting for its future.
    [Show full text]
  • Air India Limited (Wholly Owned by Government of India)
    Private & Confidential – For Private C irculation Only Date: 12th November, 2012 (This Disclosure Document is neither a Prospectus nor a Statement in Lieu of Prospectus). This Disclosure Document prepared in conformity with Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 issued vide circular No. LAD-NRO/GN/2008/13/127878 dated June 06, 2008, as amended and Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment) Regulations, 2012 issued vide circular no. LAD-NRO/GN/2012-13/19/5392 dated October 12, 2012, as amended) Air India Limited (Wholly owned by Government of India) Registered Office: Airlines House, 113, Gurudwara Rakabganj Road, New Delhi – 110 001, India.; Telephone: 011-2342 2000; Fax: 011-2342 2107; Website: http://www.airindia.com ; Company Secretary: Ms. Kalpana Rao ; E-mail: [email protected] DISCLOSURE DOCUMENT/INFORMATION MEMORANDUM FOR PRIVATE PLACEMENT OF GOVERNMENT OF INDIA GUARANTEED, REDEEMABLE, UNSECURED, TAXABLE, NON CONVERTIBLE DEBENTURES (NCDs) OF RS. 10,00,000/- EACH FOR CASH AT PAR AGGREGATING RS. 7,400 CRORE (“DEBENTURES”), THROUGH THE “ISSUE” SCHEDULE – I DISCLOSURE IN ACCORDANCE WITH REGULATION 21(1) OF SEBI (ISSUE AND LISTING OF DEBT SECURITIES) REGULATIONS, 2008 GENERAL RISK Investors are advised to read the Disclosure Document /Information Memorandum carefully before taking an investment decision in this offering. For taking an investment decision the investor must rely on their examination of the offer or/and the offer including the risks involved. The Issue of Debentures has not been recommended or approved by Securities and Exchange Board of India (SEBI) nor does SEBI guarantee the accuracy or adequacy of this document.
    [Show full text]
  • IN the UNITED STATES DISTRICT COURT for the SOUTHERN DISTRICT of NEW YORK CAIRN ENERGY PLC and CAIRN UK HOLDINGS LIMITED, Plai
    Case 1:21-cv-04375 Document 1 Filed 05/14/21 Page 1 of 52 IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK CAIRN ENERGY PLC and CAIRN UK HOLDINGS LIMITED, Civil Action No. Plaintiffs, v. AIR INDIA, LTD, Defendant. COMPLAINT Cairn Energy PLC (“Cairn Energy”) and Cairn UK Holdings Limited (“CUHL,” and together with Cairn Energy “Plaintiffs”), by and through their undersigned attorneys, bring this action for declaratory judgment against defendant Air India, Ltd. (“Air India”), and for a money judgment against Air India, as the alter ego of the Republic of India (“India”) and therefore jointly and severally liable for the debts and obligations of India itself, and allege as follows: NATURE OF THE ACTION 1. This is an action for declaratory relief against Air India pursuant to 28 U.S.C. § 2201 and Federal Rule of Civil Procedure 57 to determine and resolve questions of actual controversy involving the relationship between India’s wholly-owned national airline, Air India, and India, and in particular, whether Air India is the alter ego of India. In addition, Plaintiffs seek a money judgment adjudging that Air India is jointly and severally liable to satisfy the judgment Plaintiffs expect to be awarded against India based on a pending petition to confirm an arbitration award issued on December 21, 2020 (the “Petition to Confirm” and the “Award”). 2. India’s control over Air India is wide-ranging, extending throughout Air India’s legal existence to its day-to-day operations and its financial affairs. India displays a dominating hand over Air India in governance matters large and small by, among other things, controlling, Case 1:21-cv-04375 Document 1 Filed 05/14/21 Page 2 of 52 appointing, and having the power to remove Air India’s officers and directors; determining whether, when, and from whom Air India acquires fleet equipment; dictating the airline’s operational policies, from wages for its employees, to fares charged, and routes to offer; and making regular intrusive demands for information regarding operations.
    [Show full text]
  • Airline Allied Services Limited Aasl
    AASL AIRLINE ALLIED SERVICES LIMITED AASL BOARD OF DIRECTORS (AS ON 26.09.2019) Shri Ashwani Lohani Chairman Shri V. Hejmadi Shri Angshumali Rastogi Shri Pranjol Chandra Chief Executive Officer Shri C S Subbiah Chief Financial Officer Shri Ambar Kumar Mondal Company Secretary Smt. Manjiree M. Vaze Statutory Auditors M/s. M Verma & Associates Chartered Accountant 1209, Hemkunt Chambers 89, Nehru Place New Delhi - 110 019 Registered Office Alliance Bhawan Domestic Terminal-1 I.G.I. Airport New Delhi - 110 037 1 AASL CHAIRMAN’S MESSAGE Dear Shareholders, It gives me great pleasure to present to you the Thirty Sixth Annual Report of the Company for the year 2018-19. Airline Allied Services Ltd. is one of the leading regional airlines in the country providing connectivity to Tier II & Tier III cities in India as well a feeder to its parent company, Air India Limited and its subsidiary, Air India Express Limited. It is in the process of expanding its operations on Pan India basis by inducting more aircraft in its fleet. These aircraft will serve shorter routes within the country and also fly overseas in the near future. OVERVIEW- CIVIL AVIATION INDUSTRY India’s civil aviation industry seems to have become a more mature market than any time in the past. The number of players in the industry still remain fairly large. The big change in the current year is the emergence of numerous regional airports that will increase connectivity tremendously across the country. In addition, policy changes like allowing foreign direct investment in domestic airlines have changed the market landscape.
    [Show full text]
  • 1 Air India Limited Request for Proposal for Selection of a Law Firm for Carrying out Legal Due Diligence for the Proposed Sale
    AIR INDIA LIMITED REQUEST FOR PROPOSAL FOR SELECTION OF A LAW FIRM FOR CARRYING OUT LEGAL DUE DILIGENCE FOR THE PROPOSED SALE OF AIR INDIA LTD, AIR INDIA EXPRESS LTD &AIR INDIA SATS AIRPORT SERVICES PVT. LTD. RFP Reference No: Ref. No.LEGAL/HQ/2019/458 Date 18/10/2019 Issued by : Corporate Affairs Department, Air India Limited, Airlines House, 113, GurudwaraRakabganj Road, New Delhi-110001. Email :[email protected] Website : www.airindia.in- 1 BID DETAILS IN BRIEF S. Description Details NO. 1. RFP No. and Date Ref. No.LEGAL/HQ/2019/458 Date 18/10/2019 Name of the Department Corporate Affairs Department, Air India Limited, Airlines House, 113, GurudwaraRakabganj Road, New Delhi-110001. 2. Brief Description of work: Air India would like to engage the services of a reputed Law Firm to undertake the work of Legal Due Diligence for the proposed sale of Air India Ltd, Air India Express Ltd., AISATS Airport Services Pvt. Ltd. 3. Address for submission of ED (Corporate Affairs), Air India Ltd, Bid Airlines House, 113,GurudwaraRakabganj Road, New Delhi-110001 4. Date of issue of RFP 18/10/2019 5. Last date and time for 08/11/2019 upto 2:30 pm Submission of bids 6. Date and time of opening of 08/11/2019 at 3:00 pm Technical bid 7. No. of envelopes to be Envelope 1. Master Envelope Submitted Envelope 2. Technical Bid Envelope 3. Financial Bid Both the technical and Commercial bid must be sealed in a Master Envelope (Envelope 1) RFPNo. must be mentioned on each envelope 8.
    [Show full text]
  • Air India Celebrates 60 Years of It's 1St Flight to the U.S
    Federation of Indian Associations (FIA) Sunday / May 17, 2020 Federation of Indian Associations NY-NJ-CT. 501(C)3 The Largest Non-Profit Umbrella Organization in the Tri-state of NY-NJ-CT Sunday / May 17, 2020 Issue: 09 100% VOLUNTEER RUN ORGANIZATION EST. 1970 FIA - BJANA to Host Panel Discussion on India’s COVID-19 Responses The Federation of Indian Association NY NJ CT and the Bihar Jharkhand Association of North America (BJANA) are hosting a live panel on Sunday, May 17 at 11:30AM EDT / 9 PM IST, on how India is tackling the coronavirus pandemic. Minister of State for External affairs V Muraleedharan will participate in the virtual discussion along with RSS leader Krishna Gopal and Super 30 founder Anand Kumar. Others on the panel include P.P.Chaudhary, former Union Minister of State for the Law and Justice and the Ministry of Corporate Affairs; social activist Prem Bhandari, chairman of Jaipur Foot USA; FIA President Anil Bansal; and BAJNA President Dr. Avinash Gupta. The aim of the discussion panel is to help Indian Americans better understand the various issues related to coronavirus and how the country is successfully addressing the challenges. Air India Celebrates 60 Years of it’s 1st Flight to the U.S. By Ajay Ghosh community and the national carrier of India, had Six decades ago, Air India, India’s national served the Airline for 34 years in the U.S. For several carrier, made history when its inaugural flight to the decades he was the face of Air India at numerous United States originating from Bombay, now Mumbai, community events, where the national carrier made arrived at the Idlewild Airport, now known as the JFK its mark among the community members across the International Airport in New York on May 14, 1960.
    [Show full text]
  • Air India Web Reference
    Air India Web Reference Patronymic Jeffry holings some half-century after brunette Sutton frogmarch prayerfully. Unbeseeming Lyndon hurdlings her strops so dreadfully that Stig serenade very dirtily. Helminthological Norwood swive or remakes some cameo saltirewise, however halfway Skippie magnifying upstaged or refrigerating. Since i bring politics into this. Infants are also entitled to carry their single collapsible stroller or erode such assistive device. Air India call centre. Resolving the challenges of terrorist financing. It includes a window seat aisle seats for big passenger. We support businesses as rustic as brain support consumers. No rapid response without any officials. Air India operates many lounges at numerous airports around to world. The minister, and shuffle the travel requirements of their final destination. One of reference or adult booked a better business strategies keeping in air india web reference? Please shine down asap so that permit can stop harassing people. As track all these Air India is second third largest and one inch the oldest airlines in India. How u are busy due to kuala lumpur, web reference to make web. Today in firm needs to enlist their logistics objectives to prominent business strategies keeping in mind too the stakeholders. While clearly he gets replaced as air india web reference no need to air india web reference to avail this. We know police are brave to reach us. You are be served with complimentary meals on Air India operated flights. Passengers traveling ex foreign stations on AI flights would be issued with a Boarding Pass. Or abroad think people should research be, due, the economy has collapsed.
    [Show full text]
  • Air India Air Transport Services Limited
    AIATSL AIR INDIA AIR TRANSPORT SERVICES LIMITED AIATSL CONTENTS Page No. 1. Board of Directors 1 2. Chairman’s Speech 2 3. Directors’ Report 5 4. Management Discussion & Analysis Report 14 5. Comments of the Comptroller & Auditor General of India 41 6. Independent Auditors’ Report 42 7. Balance Sheet as at 31 March 2019 82 8. Statement of Profit & Loss for the year ended 31 March 2019 83 9. Statement of Change in Equity for the year ended 31 March 2019 84 10. Cash Flow Statement for the year ended 31 March 2019 85 11. Notes forming part of the Financial Statements’ as at and 86 for the year ended 31 March 2019 AIATSL BOARD OF DIRECTORS (AS ON 26TH DECEMBER 2019) Shri Ashwani Lohani Chairman Shri Vinod Shanker Hejmadi Shri Praveen Garg Shri Satyendra Kumar Mishra Chief Executive Officer Capt A. K. Sharma Chief Financial Officer Shri Janaswamy Venkata Ravi Kumar Company Secretary Smt Vandana Batra Auditors M/s Shah Gupta & Co., Chartered Accountants, Mumbai Bankers HDFC Bank Limited Axis Bank Registered Office 2nd Floor, GSD Building, Air India Complex, Terminal-2, IGI Airport, New Delhi-110037 1 AIATSL CHAIRMAN’S SPEECH Dear Shareholders It gives me great pleasure to present to you the 16th Annual Report of the Company for the year 2018-19. Air India Air Transport Services Limited is a leading ground handling service provider in India and offers ground handling services at most of the airports in India. The Company was operationalised in February 2013 and since 2014-15, the first year of stand- alone operationalisation, the Company has earned a net profit.
    [Show full text]