VISTARA: P 26 Ahead Leap Years Tion Frominda

Total Page:16

File Type:pdf, Size:1020Kb

VISTARA: P 26 Ahead Leap Years Tion Frominda VIEWPOINT: LEAP YEARS BUSINESS AvIATION THE AIRASIA AHEAD CORE TO MIDDLE DISASTER EAST GROWTH P 8 P 26 P 28 DEC 2014-JAN 2015 `100.00 (INDIA-BASED BUYER ONLY) VOLUME 7 • iSSUE 6 WWW.SPSAIRBUZ.COM ANAIRBUZ EXCLUSIVE MAGAZINE ON CIVIL AVIATION FROM INDIA VISTARA: A DREAM COME TRUE! AN SP GUIDE PUBLICATION RNI NUMBER: DELENG/2008/24198 TABLE OF CONTENTS CIVIL / ROUND-UP 2014 P10 2014: A MIXED YEAR VIEWPOINT: LEAP YEARS BUSINESS AVIATION THE AIRASIA AHEAD CORE TO MIDDLE DISASTER EAST GROWTH P 8 P 26 P 28 DEC 2014-JAN 2015 `100.00 The industry story is largely positive, (INDIA-BASED BUYER ONLY) VOLUME 7 • ISSUE 6 Cover: WWW.SPSAIRBUZ.COM ANAIRBUZ EXCLUSIVE M A G A ZINE ON C IVIL AVIA TION FROM I NDI A but there are a number of risks in Tata-Singapore International VISTARA: A DREAM today’s global environment—political Airlines joint venture Vistara COME TRUE! unrest, conflicts and some weak will take to the skies on regional economies—among them. January 9, 2015. Cover Image: AN SP GUIDE PUBLICATION Airbus RNI NUMBER: DELENG/2008/24198 SP's Airbuz Cover 06-2014 final.indd 1 02/01/15 4:20 PM CIVIL / VIEWPOINT P8 THE AIRASIA DISASTER In all probability, the pilot of Flight QZ8501 too has blundered into a violent thunderstorm and lost control of the aircraft. PHOTO FEATURE / 2014 P13 IMPORTANT EVENTS AND LAUNCHES OF THE YEAR 2014 IN PHOTOGRAPHS P20 AIRLINES / INFRASTRUCTURE LOW-COST AIRPORTS P24 AVIATION / REGULATIONS DOING AWAY WITH ARCHAIC RULES P26 ENGINES / CFM LEAP LEAP YEARS AHEAD P28 SHOW REPORT / MEBA 2014 BUSINESS AVIATION CORE TO MIDDLE EAST GROWTH DEPARTMENTS P2 A WORD FROM EDITOR AIRLINES / BILATERAL AGREEMENTS AVIATION / POLICY P3 NEWS BRIEFS P17 BEYOND BORDERS, BETWEEN P22 CIVIL AVIATION AUTHORITY P32 FINALLY BOUNDARIES The passage of the CAA Bill is eagerly International aviation is regulated by a awaited by the Indian civil aviation industry complex web of over 3,000 interlocking and there is optimism about changes Bilateral Air Service Agreements. predicated to the appointment of a new CAA. SP’S AIRBUZ • ISSUE 6 • 2014 • 1 A WORD FROM EDITOR PUBLISHER AND EDITOR-IN-CHIEF Jayant Baranwal EDITOR Air Marshal B.K. Pandey (Retd) ASSISTANT GROUP EDITOR R. Chandrakanth (Bengaluru) CONTRIBUTORS Group Captain A.K. Sachdev (Retd), Group Captain Joseph Noronha (Retd), S.R. Swarup, Vasuki Prasad, S THE YEAR 2015 dawns, SP Guide Publications completes 50 years of Shriniwas Mishra glorious service and steps confidently into its 51st year with greater resolve CHAIRMAN & MANAGING DIRECTOR and confidence to attain new heights in quality. In the meantime, over 200 Jayant Baranwal days have gone by since the Modi Government came into power; but the PLANNING & BUSINESS DEVELOPMENT nation continues to wait anxiously for the changes promised during the elec- Executive Vice President: Rohit Goel tionA campaign to be visible on the ground. The anxiety for change extends to the stake- ADMIN & COORDINATION holders of the Indian civil aviation industry as well. The areas that were expected to receive Bharti Sharma immediate attention of the Ministry of Civil Aviation are creation of airport infrastructure, CREATIVE DIRECTOR lowering of taxes on aviation turbine fuel, expansion of regional connectivity and introduc- Anoop Kamath tion of online regulatory management. It needs to be understood that while there may be a GRAPHIC DESIGNERS desire for change, it will take time for results to be visible on the ground. The government Vimlesh Kumar Yadav has plans to build 200 low-cost airports across the country of which 50 locations have Sonu Singh Bisht Research Asst/Graphics: Survi Massey been identified in the first phase. The government has already circulated a draft Civil Avia- tion Policy inviting comments from all the stakeholders. The new policy is expected to be SALES & MARKETING Director Sales & Marketing: Neetu Dhulia implemented by March 2015 hopefully with the inadequacies duly rectified. Another major General Manager Sales: Rajeev Chugh step in the offing is the creation of a more empowered and autonomous Civil Aviation SP’s websites Authority (CAA) to replace the Directorate General of Civil Aviation (DGCA). This issue of Sr Web Developer: Shailendra Prakash Ashish SP’s AirBuz has a coverage of both low-cost airports and the CAA. Web Developer: Ugrashen Vishwakarma Another area that badly needs reforms is the regulatory mechanism that has an © SP Guide Publications, 2014 archaic licensing system for pilots. The colonial philosophy embedded in the regulations SUBSCRIPTION/ CIRCULATION has been inherited by the DGCA that is the sole authority with immense discretionary and Annual Inland: `600 • Foreign: US$180 overriding powers. Captain Ajit Agtey, a veteran of the airline industry, has highlighted the E-mail: [email protected] ills that plague the pilot licensing system in India and the reforms needed. [email protected] While the nation waits patiently for change, the civil aviation sector has been some- LETTER TO EDITOR what traumatised by the distress that one of the more successful budget carriers SpiceJet [email protected] has descended into. One immediate fallout of the SpiceJet crisis is that the Government is FOR ADVERTISING DETAILS CONTACT contemplating introduction of a mechanism to regulate fares. On the table is a proposal [email protected] to impose a cap the maximum fare to any destination for economy class passengers at [email protected] `20,000. However, the minimum fare will depend on the breakeven cost of each airline. SP GUIDE PUBLICATIONS PVT LTD There will be no cap on business class fares. A-133 Arjun Nagar (Opposite Defence Colony), New Delhi 110003, India. Arindam Mallik from Air Costa has focused on the Bilateral Air Service Agreements Tel: +91 (11) 24644693, 24644763, 24620130 which need a relook. He is of the view that it is high time the government proactively opti- Fax: +91 (11) 24647093 mises and devises feasible Route Dispersal Guidelines. In this issue, we have a round-up E-mail: [email protected] of civil aviation in 2014, picking on some of the key events that grabbed headlines includ- BENGALURU, INDIA ing the start of two new airlines in India – AirAsia India and Vistara. In another article, R. 204, Jal Vayu Vihar, Kalyan Nagar Chandrakanth points out how the business aviation industry is central to the growth of the Bengaluru 560043, India. Middle East region, while reporting on the success of MEBA 2014. We also have an article Tel: +91 (80) 23682204 on CFM LEAP engines which offer substantial savings to an airline in terms of fuel costs. www.spguidepublications.com Wishing our readers a Happy New Year! Owned, published and printed by Jayant Baranwal, printed at Kala Jyothi Process Pvt Ltd and Published at A-133, Arjun Nagar (Opposite Defence Colony), New Delhi 110003, India. All rights reserved. MEMBER OF: B.K. Pandey APPLIED FOR Editor 2 • SP’S AIRBUZ • ISSUE 6 • 2014 www.SpSaIrbUz.com G Earlier, Buffet had admitted it was one of his few indulgences. Subse- quently, what elevated the business jet from a luxury toy to what is increas- ingly seen as a vital corporate tool? In the US, hundreds of Fortune 500 com- panies now flaunt their own aircraft, with companies arguing that this vital conveyance saves time and boosts pro- ductivity.NEWS A recentBRIEFS CNN report quoted ( INDUSTRY NEWS Training Centre (AATC), to provide flight pi- ground-handling lot training services on full flight simulators firm Deccor Avia- (FFS) for the Airbus aircraft belonging to the tion. The Manag- BOEING CLINCHES $6-BILLION DEAL A320, A330, A350XWB and A380 family and ing Director of Air WITH AIR CHINA certain other types of Airbus aircraft. Pegasus Shyson Thomas said the airline Airbus Group, which does not have any would commence services in the near future flight pilot training centre in India, provides on regional routes in South India. However, such services through its arrangement with the airline is yet to receive a permit from FFS providers like CAE, Bengaluru and the Directorate General of Civil Aviation. InterGlobe-CAE. In AATC, Airbus Services Air Pegasus received NOC from the Ministry Asia, part of the French aerospace major of Civil Aviation in 2012, but was unable to Airbus, will have 55 per cent stake while 45 lease aircraft following the uncertainties per cent will be with Singapore Airlines. in the aircraft leasing market in the wake of the shutdown of Kingfisher Airlines. EMBRAER DELIVERS 1100TH E-JET TO The new airline has now taken on lease a In December 2014, Boeing struck a deal with AEROMEXICO 70-seater ATR-72. Air One, an Indian charter the Chinese national carrier, Air China, for company, plans to finalise its aircraft leases the sale of 60 Boeing 737 aircraft, valued at by next month, while Flyeasy, a Bengaluru- over $6 billion. The deal includes Boeing’s based regional airline, has begun hiring Next Generation 737s and its newest 737 pilots and engineers for its proposed fleet Max air planes. Boeing 737 Max is the new- of Embraer jets. Premier Airways headed by est family of single-aisle airplanes build on NRI engineer Umapathy Pinaghapani is to Next Gen’s popularity and reliability while launch by mid-2015. delivering unsurpassed fuel efficiency with Air One and Premier Airways are among more advanced engines and winglets. the six companies that received NOCs The aircraft will be delivered in the from the Ministry of Civil Aviation earlier period from 2016 to 2020. Air China is one Early December 2014, the renowned aircraft in 2014. Flyeasy, promoted by ABC Aviation of the largest operators of the Boeing 737 manufacturer Embraer of Brazil, delivered & Training, received its clearance prior to platform in China.
Recommended publications
  • 669419-1 EFFICIENCY of AIRLINES in INDIA ABSTRACT This Paper Measures the Technical Efficiency of Various Airlines Operating In
    Natarajan and Jain Efficiency of Airlines in India EFFICIENCY OF AIRLINES IN INDIA Ramachandran Natarajan, College of Business, Tennessee Technological University, Cookeville TN, 38505, U.S.A. E-Mail: [email protected] , Tel: 931-372-3001 and Ravi Kumar Jain, Icfai Business School, IFHE University, Hyderabad-501203 (AP) India. E-Mail: [email protected] , Mobile: 91+94405-71846 ABSTRACT This paper measures the technical efficiency of various airlines operating in India over a ten-year period, 2001-2010. For this, the Input Efficiency Profiling model of DEA along with the standard Data Envelopment Analysis (DEA) is used to gain additional insights. The study period is divided into two sub-periods, 2001-2005 and 2006-2010, to assess if there is any impact on the efficiency of airlines due to the significant entry of private operators. The study includes all airlines, private and publicly owned, both budget and full service, operating in the country offering scheduled services on domestic and international routes. While several studies on efficiency of airlines have been conducted globally, a research gap exists as to similar studies concerning airlines in India. This paper addresses that gap and thus contributes to the literature. Key Words: Airlines in India, DEA analysis, Input efficiency profiling, Productivity analysis, Technical efficiency. Introduction The civil aviation industry in India has come a long way since the Air Corporation Act was repealed in the year 1994 allowing private players to operate in scheduled services category. Several private players showed interest and were granted the status of scheduled carriers in the year 1995. However, many of those private airlines soon shut down.
    [Show full text]
  • A 21St Century Powerhouse Dick Forsberg Head of Strategy, Avolon
    An in-depth analysis of the Indian air travel market Dick Forsberg | July 2018India A 21st Century Powerhouse Dick Forsberg Head of Strategy, Avolon ACKNOWLEDGEMENTS The author would like to acknowledge FlightGlobal Ascend as the source of the fleet data and OAG, through their Traffic Analyser and Schedules Analyser products, as the source of the airline traffic and capacity data used in this paper. DISCLAIMER This document and any other materials contained in or accompanying this document (collectively, the ‘Materials’) are provided for general information purposes only. The Materials are provided without any guarantee, condition, representation or warranty (express or implied) as to their adequacy, correctness or completeness. Any opinions, estimates, commentary or conclusions contained in the Materials represent the judgement of Avolon as at the date of the Materials and are subject to change without notice. The Materials are not intended to amount to advice on which any reliance should be placed and Avolon disclaims all liability and responsibility arising from any reliance placed on the Materials. Dick Forsberg has over 45 years’ aviation industry experience, working in a variety of roles with airlines, operating lessors, arrangers and capital providers in the disciplines of business strategy, industry analysis and forecasting, asset valuation, portfolio risk management and airline credit assessment. As a founding executive and Head of Strategy at Avolon, his responsibilities include defining the trading cycle of the business, primary interface with the aircraft appraisal and valuation community, industry analysis and forecasting, driving thought leadership initiatives, setting portfolio risk management criteria and determining capital allocation targets. Prior to Avolon, Dick was a founding executive at RBS (now SMBC) Aviation Capital and previously worked with IAMG, GECAS and GPA following a 20-year career in the UK airline industry.
    [Show full text]
  • My Personal Callsign List This List Was Not Designed for Publication However Due to Several Requests I Have Decided to Make It Downloadable
    - www.egxwinfogroup.co.uk - The EGXWinfo Group of Twitter Accounts - @EGXWinfoGroup on Twitter - My Personal Callsign List This list was not designed for publication however due to several requests I have decided to make it downloadable. It is a mixture of listed callsigns and logged callsigns so some have numbers after the callsign as they were heard. Use CTL+F in Adobe Reader to search for your callsign Callsign ICAO/PRI IATA Unit Type Based Country Type ABG AAB W9 Abelag Aviation Belgium Civil ARMYAIR AAC Army Air Corps United Kingdom Civil AgustaWestland Lynx AH.9A/AW159 Wildcat ARMYAIR 200# AAC 2Regt | AAC AH.1 AAC Middle Wallop United Kingdom Military ARMYAIR 300# AAC 3Regt | AAC AgustaWestland AH-64 Apache AH.1 RAF Wattisham United Kingdom Military ARMYAIR 400# AAC 4Regt | AAC AgustaWestland AH-64 Apache AH.1 RAF Wattisham United Kingdom Military ARMYAIR 500# AAC 5Regt AAC/RAF Britten-Norman Islander/Defender JHCFS Aldergrove United Kingdom Military ARMYAIR 600# AAC 657Sqn | JSFAW | AAC Various RAF Odiham United Kingdom Military Ambassador AAD Mann Air Ltd United Kingdom Civil AIGLE AZUR AAF ZI Aigle Azur France Civil ATLANTIC AAG KI Air Atlantique United Kingdom Civil ATLANTIC AAG Atlantic Flight Training United Kingdom Civil ALOHA AAH KH Aloha Air Cargo United States Civil BOREALIS AAI Air Aurora United States Civil ALFA SUDAN AAJ Alfa Airlines Sudan Civil ALASKA ISLAND AAK Alaska Island Air United States Civil AMERICAN AAL AA American Airlines United States Civil AM CORP AAM Aviation Management Corporation United States Civil
    [Show full text]
  • The Performance of Domestic Airlines for the Year 2016
    Subject: Performance of domestic airlines for the year 2016. Traffic data submitted by various domestic airlines has been analysed for the month of September 2016. Following are the salient features: Passenger Growth Passengers carried by domestic airlines during Jan-Sept 2016 were 726.98 lakhs as against 590.21 lakhs during the corresponding period of previous year thereby registering a growth of 23.17 % (Ref Table 1). 800.00 726.98 Growth: YoY = + 23.17 % MoM = + 23.46% 700.00 8 % 590.21 600.00 500.00 400.00 2015 2016 300.00 200.00 Pax Lakhs) Carried(in Pax 82.30 100.00 66.66 0.00 YoY MoM Passenger Load Factor The passenger load factors of various scheduled domestic airlines in Sept 2016 are as follows (Ref Table 2): 100.0 93.2 93.5 89.4 90.0 86.0 83.3 82.8 82.1 82.1 81.7 79.9 79.0 78.9 77.7 77.7 77.5 75.6 80.0 73.72 72.7 70.8 69.2 65.57 70.0 64.48 60.0 50.0 40.0 30.0 Pax Pax FactorLoad (%) 20.0 10.0 0 0.0 0.0 Air Jet JetLite Spicejet Go Air IndiGo Air Air Asia Vistara Air Trujet Air India Airways Costa Pegasus Carnival Aug-16 Sep-16 1 The passenger load factor in the month of Sept 2016 has almost remained constant compared to previous month primarily due to the end of tourist season. Cancellations The overall cancellation rate of scheduled domestic airlines for the month of Sept 2016 has been 0.42 %.
    [Show full text]
  • Final Pages KASTURI BRO New 1-1-16.Indd
    TM KASTURI INSTITUTE OF MANAGEMENT Your wings of Ambition A wide range of AVIATION CONCEPTS Partner Institute of Bharatiar University (Kasturbai-Manakbai Charity Trust) www.kasturiaviation.com The University named after the great national poet Subramania Bharathi is enshrined with the motto “Educate to Elevate”. In the University, every effort is harnessed to realize his dream of making educational institutions as temple of learning. It is the aim of the University to participate in the task of in calculating necessary Knowledge, Skills and Creative Attitudes and Values among the youth of the country to contribute more effectively towards establishing an equitable social and economic and secular ideal of our nation. THE UNIVERSITY The Bharathiar University was established at Coimbtore by the Government of Tamilnadu in February 1982 under the provision of the Bharathiar University act, 1981 (Act of 1982). The university grant commission (UGC),New Delhi, recognised the university in May 1985 for the purpose of grants, Bharathiar University is a member of the associate of the Indian Universities and commonwelth Universities; hence, the degrees awarded are mutually recognised by each other. Bharathiar University is accredited with ‘A’ Grade by NAAC and placed among the top ten university at the national level. The University is situated at the back drop of Maruthmalai hills in the Western Ghat range, in a sprawling campus of 100 acres of land, 15 kms from the city of Coimbatore. As of now, the University has 102 affiliated colleges - 90 Arts and Science College, 11 management institutions, 1 Air Force Administrative college, in addition, there are 21 Research Institutes of state and central Governments which are recognised by the University for Aviation Purpose.
    [Show full text]
  • Competition Issues in the Air Transport Sector in India
    2009 StudyStudy on on ImpactCompetition of Trade Issues in Liberalisationthe Domestic in the Information Technology SectorSegment on Development of the Air Draft ReportTransport Sector in Administrative Staff College of India HyderabadIndia Revised Final Report 2007 Administrative Staff College of India, Hyderabad Competition Issues in the Air Transport Sector in India Table of Contents Sl.No Chapter Page No. 1. Introduction 1 2. ToR I 4 3. ToR II & III 15 4. ToR IV 29 5. ToR V 30 6. ToR VI & VII 43 7. ToR VIII 91 8. ToR IX 99 9. ToR X 120 10. ToR XI 121 11. Conclusions and Recommendations 126 12. References 129 ____________________________________________________asci research and consultancy ii Competition Issues in the Air Transport Sector in India List of Tables Table Title Page No. No. I.1 Calculation of HHI 12 I.2 Fleet Size of All Scheduled Airlines 12 I.3 Order for Airplanes 13 I.4 Net Profit/Loss incurred by Different Airlines 16 II.1 City Pair-wise Herfindahl index of Pax. Carried in 2006-07 28 17 II.2 Passenger Load Factor for Indian 22 II.3 Passenger Load Factor for Indian 25 II.4 Slots on Delhi-Mumbai Route 28 II.5 Average Age of Fleet 28 II.6 Fleet Size of All Scheduled Airlines 29 IV.1 Descriptive Statistics for Price Data: Delhi – Mumbai 30 IV.2 Taxes and Surcharges on Route : Delhi – Mumbai 32 IV.3 Taxes and Surcharges on Route : Mumbai – Delhi 32 IV.4 Pre merger (2006/07)-Delhi-Mumbai (passenger wise) 36 IV.5 Post Merger(2008) -Delhi Mumbai (slot wise) 36 IV.6 Pre merger (2006/07)-Delhi-Chennai (passenger wise) 37 IV.7 Post Merger(2008) -Delhi Chennai(slot wise) 37 IV.8 Pre merger (2006/07)-Bangalore-Chennai (passenger wise) 37 IV.9 Post Merger(2008) -Bangalore- Chennai(slot wise) 38 ____________________________________________________asci research and consultancy iii Competition Issues in the Air Transport Sector in India List of Figures Figure Title Page No.
    [Show full text]
  • Kingfisher Airlines, Spice Jet, Air Deccan and Many More
    SUMMER TRAINING REPORT ON Aviation Sector in India “Submitted in the Partial Fulfillment for the Requirement of Post Graduate Diploma in Management” (PGDM) Submitted to: Submitted by: Mr. Sandeep Ranjan Pattnaik Biswanath Panigrahi Marketing and Sales Manager Roll No: 121 At Air Uddan Pvt.ltd (2011-2013) Jagannath International Management School Kalkaji, New Delhi. 1 | P a g e Acknowledgment I have made this project report on “Aviation Sector in India” under the supervision and guidance of Miss Palak Gupta (Internal Mentor) and Mr.Sandeep Ranjan Pattnaik (External Mentor). The special thanks go to my helpful mentors, Miss Palak Gupta and Mr.Sandeep Ranjan Pattnaik. The supervision and support that they gave truly helped the progression and smoothness of the project I have made. The co-operation is much indeed appreciated and enjoyable. Besides, this project report making duration made me realize the value of team work. Name: Biswanath Panigrahi STUDENT’S UNDERTAKING 2 | P a g e I hereby undertake that this is my original work and have never been submitted elsewhere. Project Guide: (By:Biswanath Panigrahi) Mr. Sandeep Ranjan Pattnaik Marketing and Sales Manager Air Uddan Pvt.ltd (EXTERNAL GUIDE) Ms. Palak Gupta (Astt. Professor JIMS) S.NO. CHAPTERS PAGE NO. 01. CHAPTER 1 5 3 | P a g e EXECUTIVE SUMMARY 02. CHAPTER 2 8 COMPANY PROFILE 03. CHAPTER 3 33 Brief history of Indian Aviation sector 04. CHAPTER 4 40 OBJECTIVE OF THE PROJECT 05. CHAPTER 5 43 RESEARCH METHODOLOGY 06. CHAPTER 6 46 ANALYSIS AND INTERPRETATION 07. CHAPTER 7 57 FINDINGS AND INTERFERENCES 08. CHAPTER 8 60 RECOMMENDATION 09.
    [Show full text]
  • Offsetting in the Aviation Sector
    Offsetting in the aviation sector Evaluating voluntary offset programs of major airlines Elizabeth Zelljadt 10 October 2016 Contact information Elizabeth Zelljadt Fellow Ecologic Institut E-Mail: [email protected] Tel: (+1) 413 210 8663 Contents Introduction ........................................................................................................................................... 1 1 Context of findings: the need for a transparent, robust registry ............................................ 2 2 Spectrum of initiatives ................................................................................................................. 3 3 Offsetting data – analysis of trends ........................................................................................... 6 3.1 Trends among project types ................................................................................................. 7 3.2 Project overlap – implications for future volumes ................................................................. 9 3.3 Project integrity – implications for future accounting and standardization ......................... 10 3.4 Next steps ........................................................................................................................... 10 4 Offset program and project profiles by carrier ....................................................................... 11 Air France/KLM ...........................................................................................................................
    [Show full text]
  • Strategy Embedded Value of Tata Sons in Group
    EQUITY RESEARCH India | Equity Strategy Strategy Exhibit 1 - Value of Tata Group Embedded Value of Tata Sons in Group Cos companies holding in Tata Sons Value of holdings in Tata Sons based Value of holdings in Tata Company Name Market Cap (Rs mn) 6 October 2020 on listed investment (Rs mn) Sons (as % of Mcap) Tata Chemicals 78,478 198,704 253.2 Tata Power 172,069 129,525 75.3 The Indian Hotels Company 120,353 87,347 72.6 Key Takeaway Tata Steel 434,912 240,203 55.2 Tata Motors 445,242 240,203 53.9 Financial troubles at the Shapoorji Palanji (SP) group, which holds an 18% stake in . Tata Consumer Products 463,754 34,065 7.3 Source: Company annual reports, Jefferies Tata Sons – the group hold co – has triggered debate on Tata Sons' worth. Tata Sons’ holdings across 14 listed cos works out to US$100bn+. SP group's reported asking price is c.20% higher. Several listed Tata group cos hold a stake in Tata Sons. For Tata Chem, Indian Hotels, Tata Power, Tata Steel and Tamo the value of investment in Tata Sons is more than 50% of the market cap. This report is intended for [email protected]. Unauthorized distribution prohibited. Stress at the SP group prompting likely Tata Sons breakup. The SP group's weak liquidity situation was made clear recently when on 25th Sep'20 it defaulted on a Union Bank owned Rs2bn commercial paper. Earlier, the group had tried to pledge part of its 18.4% shareholding in Tata Sons to shore up funding for its own businesses; but the same was stayed by the Supreme court (next hearing 28th October).
    [Show full text]
  • UDAN-Regional Connectivity Scheme
    MEMBERS REFERENCE SERVICE LARRDIS LOK SABHA SECRETARIAT NEW DELHI REFERENCE NOTE For the use of Members of Parliament NOT FOR PUBLICATION No.11/RN/Ref/March/2018 REGIONAL CONNECTIVITY SCHEME – UDAN Prepared by, Shri Naushad Alam, Additional Director (23034299) and Smt. Shalima Sharma, RO of Lok Sabha Secretariat under the supervision of Smt. Kalpana Sharma, Joint Secretary and Smt. Anita Khanna, Director. The Reference Note is for personal use of the Members in the discharge of their Parliamentary duties, and is not for publication. This Service is not to be quoted as the source of information as it is based on the sources indicated at the end/in the context. REGIONAL CONNECTIVITY SCHEME – UDAN Introduction The Ministry of Civil Aviation launched the 'Regional Connectivity Scheme (RCS) UDAN---- Ude Desh Ka Aam Naagrik' on 21 October 2016 with the twin objectives of1: i. Promoting Balanced Regional Growth; and ii. Making Flying Affordable For Masses The scheme is a major step towards making flying a reality for the small town common man. With the launch of UDAN, the Aviation Sector is set to get a big boost and tap huge market of middle class flyers living in Tier-2 and Tier-3 cities2. Highlights of the Scheme3 Pay only Rs. 2500 per seat for One Hour of flight by an aeroplane or a journey covered in 30 minutes by the helicopter. In a Century of Civil Aviation, only 76 airports connected by scheduled commercial flights but now in 16 months of UDAN, 56 unreserved airports and 30 unreserved helipads awarded for connectivity.
    [Show full text]
  • Ministry of Civil Aviation I GROWTH in the SECTOR • 998.88 Lakhs
    Ministry of Civil Aviation I GROWTH IN THE SECTOR 998.88 lakhs passengers carried by domestic airlines during Jan- Dec 2016 as against 810.95 lakhs during the corresponding period of previous year ; a growth of 23.2% Highest growth rate in domestic market among major economies of the world at 23%; closest China (14%) Huge jump in no of Aircraft for scheduled ops: 395 operational as on 1.04.2014; orders for 674 new aircraft between 2014 & 2016 • Indigo - 400 • Go - 72 • Air India - 27 • Vistara - 20 • Spicejet- 155 II GROWTH IN THE SECTOR- AIRLINES Scheduled Air Operator’s permit to four operators since June 2014 – Air Vistara – Air Pegasus ( Regional) – Turbo Megha Airways ( Regional) – Air Carnival ( Regional) – Quick Jet Cargo Airline Ltd – Zoom Air Air India commenced operations to various international destinations in 2015-2016,: San Francisco, Vienna, Newark, Vienna Madrid etc. Further domestic flights were started from Bhatinda and Kanpur III AIRPORT DEVELOPMENT • AAI operationalized new terminals at Chandigarh, Tirupati and Khajuraho with an investment of Rs 1173 crores • Durgapur International Airport in West Bengal, with an investment of Rs. 750 crore operationalised on 18.5.2015 • New Integrated Terminal Building at Vadodra airport inaugurated on 22-10-2016 by Hon’ble Prime Minister • Foundation stone for development of airport at Mopa, Goa with an estimated cost of Rs. 3000 cr. laid by Hon’ble Prime Minister on 13.11.2016 • Foundation Stone laid for ugradation of Rajahmundry Airport by Hon’ble Chief Minister on 19.09.2016 • Tender for Navi Mumbai airport at an estimated cost of Rs.
    [Show full text]
  • Govt Unlikely to Trim GST on Automobiles
    FRIDAY • AUGUST 27, 2021 MUMBAI ₹10 • Pages 10 • Volume 28 • Number 238 AUTO FOCUS DATA FOCUS RAISING THE RED FLAG On the 50th anniversary of the Covid­related health claims in just the The independent auditors of Tata Sons original Countach, Lamborghini’s first five months of FY22 have already have expressed concerns over AirAsia futuristic hybrid makes its debut p7 topped claims of whole of FY21 p2 India’s ability to sustain as a going concern p2 Bengaluru Chennai Coimbatore Hubballi Hyderabad Kochi Kolkata Madurai Malappuram Mangaluru Mumbai Noida Thiruvananthapuram Tiruchirapalli Tirupati Vijayawada Visakhapatnam Regd. TN/ARD/14/09-11, RNI No. 55320/94 Boeing MAX 737 HIGHER FAMILY PENSION, NPS Govt unlikely to trim to fly again in India PSBs to make ₹21,300­crore OUR BUREAU New Delhi, August 26 The Directorate­General of GST on automobiles Civil Aviation (DGCA) on additional provision yearly Top official says sop Thursday allowed Boeing MAX­8 aircraft to fly again in To soften impact, not needed as sales the country. On account of two have picked up, no fatal accidents, the regulator will seek special RBI had halted operation of this dispensation to inventory build­up type of planes with effect from March 2019. spread it over 5 years OUR BUREAU As on date, SpiceJet is the New Delhi, August 26 only Indian carrier using Boe­ SHISHIR SINHA The government is unlikely to ing 737 MAXaircraft; it has 13 in New Delhi, August 26 ation of the 11 th bi­partite set­ 2018, it was decided that for a oblige any time soon the auto­ Tax burden a single­class configuration Public sector banks will have tlement on wage revision of Central government em­ mobile industry’s demand for each with capacity to carry 189 to set aside an additional public sector bank employ­ ployee, the mandatory con­ ■ lowering the Goods & Services All automobiles attract GST between 18% and 28% passengers.
    [Show full text]