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Indian Aviation Thread: Part 6  
User currently offlineLAXDESI From United States of America, joined May 2005, 5086 posts, RR: 48
Posted (8 years 7 months 4 days 19 hours ago) and read 3199 times:

IndiGo gets expat COO and CFO. Link:
http://timesofindia.indiatimes.com/articleshow/1388188.cms

Quotes;
The expatriate population in the Indian aviation industry is on the rise. The latest kid on the Indian aviation block IndiGo has appointed Steven Harfst as its chief operating officer - the third expat to join the airline's core management team. IndiGo - which already has expat CEO in Bruce Ashby besides John Leahy as the chief commercial officer (CCO) - is also in talks to appoint a Dubai-based aviation professional as its CFO, sources said.

The low-cost airline - which had rocked the aviation world last year with a 100 Airbus purchase order - is preparing to take of in the domestic skies in July this year. Its first plane - a leased Airbus A320 - is expected to arrive in India by June.

57 replies: All unread, showing first 25:
 
User currently offlineLAXDESI From United States of America, joined May 2005, 5086 posts, RR: 48
Reply 1, posted (8 years 7 months 4 days 14 hours ago) and read 3164 times:

Opening up of sky adds Rs 450 cr (about $100 million)to insurers’ kitty. State-owned insurers pocket major slice * Foreign players keen to enter the scene. Link:
http://www.financialexpress.com/fe_full_story.php?content_id=115683

Quotes:
The opening up of the civil aviation sector and the entry of a host of new domestic airlines like Spicejet, Air Deccan and Kingfisher, have generated an additional revenue of about Rs 450 crore for the general insurance companies in the lasqt one year. Interestingly, the public sector general insurance companies have benefitted the most from this sector with most insurance accounts coming into their kitty. Each insurance account is roughly Rs 150 crore depending on the fleet size. However, the amount could even double in the next few years with the expansion in the sector.


User currently offlineLAXDESI From United States of America, joined May 2005, 5086 posts, RR: 48
Reply 2, posted (8 years 7 months 4 days 14 hours ago) and read 3159 times:

Kingfisher Airlines announces new routes. Link: http://economictimes.indiatimes.com/articleshow/1385902.cms


Quotes:
Kingfisher Airlines on Tuesday announced the launch of new services between Delhi-Kolkata, Kolkata-Ahmedabad, Ahmedabad-Goa and Kolkata-Jaipur.
Operations on each of the routes will commence on January 30, the airlines said in a statement. With the launch of these new routes, the airlines now offers over 10,000 seats across 15 key Indian destinations, the statement added.

.


User currently offlineHawaijahaz From United States of America, joined Oct 2004, 352 posts, RR: 0
Reply 3, posted (8 years 7 months 4 days 12 hours ago) and read 3140 times:

How is GoAir doing? I haven't heard much about them at all. I was on their website the other day and it seems like they are gradually expanding.

Also which airlines are poised to started this year?

IndiGo and I'm sure there are lots more.

PG


User currently offlineJacobin777 From United States of America, joined Sep 2004, 14968 posts, RR: 60
Reply 4, posted (8 years 7 months 4 days 12 hours ago) and read 3133 times:

man..talk about a lot of seats being added all of the sudden.......I wonder which carrier(s) won't be around in the next 1-2 years....


"Up the Irons!"
User currently offlineCricket From India, joined Aug 2005, 2967 posts, RR: 7
Reply 5, posted (8 years 7 months 4 days 10 hours ago) and read 3110 times:

Quoting Hawaijahaz (Reply 3):
Also which airlines are poised to started this year?

We keep on hearing of a new one every week. ust look at LAXDESI's previous threads to get an idea of how insane things are right now.

Quoting LAXDESI (Reply 2):
Delhi-Kolkata, Kolkata-Ahmedabad, Ahmedabad-Goa and Kolkata-Jaipur.

CCU-JAI Hmmm, that will be an interesting flight - I'm sure it will go full during holiday (Durga Puja) season, but the rest of the year they might have issues filling the seats. Strange that Kingfisher is expanding so rapidly in CCU, are they trying to pre-empt SpiceJet which has said that they will expand in CCU?



A300B2/B4/6R, A313, A319/320/321, A333, A343, A388, 737-2/3/4/7/8/9, 747-3/4, 772/2E/2L/3, E170/190, F70, CR2/7, 146-3,
User currently offlineLAXDESI From United States of America, joined May 2005, 5086 posts, RR: 48
Reply 6, posted (8 years 7 months 4 days 9 hours ago) and read 3093 times:

Quoting Cricket (Reply 5):
CCU-JAI Hmmm, that will be an interesting flight - I'm sure it will go full during holiday (Durga Puja) season, but the rest of the year they might have issues filling the seats

There is a large Marwari community in Kolkatta and that should help in filling up seats.


User currently offlineHimmat01 From India, joined Dec 2004, 1047 posts, RR: 6
Reply 7, posted (8 years 7 months 4 days 9 hours ago) and read 3092 times:

Quoting LAXDESI (Reply 6):
There is a large Marwari community in Kolkatta and that should help in filling up seats.

Yeah, they are everywhere. I would like to see MAA-JAI or CJB-JAI flights being operated by RJs. MAA-JAI can support a daily.



An airplane might disappoint any pilot but it'll never surprise a good one.
User currently offlineAirIndia From United Arab Emirates, joined Jan 2001, 1641 posts, RR: 1
Reply 8, posted (8 years 7 months 4 days 8 hours ago) and read 3077 times:

Quoting LAXDESI (Thread starter):
besides John Leahy as the chief commercial officer (CCO)

John Leahy... wasn't he CCO at Airbus.... is that the same person.


User currently offlineCricket From India, joined Aug 2005, 2967 posts, RR: 7
Reply 9, posted (8 years 7 months 4 days 7 hours ago) and read 3067 times:

Quoting LAXDESI (Reply 6):
There is a large Marwari community in Kolkatta and that should help in filling up seats.

Many of the Marwari's of Cal have been in Cal for so many generations - like the Birla's that they hardly have too many links back in the Marwar region - in fact, they have more links to Ahmedabad than to Rajasthan. I'm just curious about how they plan to fill a 168-seat plane on a daily basis - maybe they'll tie up with hotels and offer great package deals and still enjoy decent margins. Maybe I'm just being cynical, the route might prove to be a big hit.
When to Kingfisher's A319's up into the fleet?



A300B2/B4/6R, A313, A319/320/321, A333, A343, A388, 737-2/3/4/7/8/9, 747-3/4, 772/2E/2L/3, E170/190, F70, CR2/7, 146-3,
User currently offlineLAXDESI From United States of America, joined May 2005, 5086 posts, RR: 48
Reply 10, posted (8 years 7 months 4 days 2 hours ago) and read 3018 times:

Airport bids hit roadblock. Link:
http://www.hindustantimes.com/news/181_1609604,00020016.htm
Quotes:
India will not open bids for the overhaul of its ageing and overstretched airports at New Delhi and Mumbai before January 29 due to opposition from unions who fear large-scale job losses, an official said on Friday. The Congress-led coalition government wants to use private cash to modernise and manage the two shabby international hubs that are struggling to cope with India's surging growth in air travel.

But the bidding process has been hobbled by opposition from communist allies -- who provide key support in Parliament -- and unions, who want the revamps to be carried out by the state. "We have assured the employees that the financial bids will not be opened today and they will be intimated about any further steps that will be taken," K Ramalingam, chairman at the Airports Authority of India (AAI), told reporters.

He had earlier spoken to hundreds of angry airport workers who had blocked the gates of the civil aviation ministry -- watched by dozens of riot police -- where the financial bids were to be opened. Civil Aviation Minister Praful Patel has said he wants the bidding process to be completed by January 31.

The government had earlier sought clarification from a high-powered panel set up to evaluate the technical bids submitted by several companies.

Some bidders had withdrawn from the controversial process, saying they were unable to meet the conditions of the tender, while others tried but failed to meet tough bid criteria.

The protesting workers want the government to clarify the status of the alternative modernisation proposal submitted by the airports authority. "We want to know what they have done with the report," senior communist MP Dipankar Mukherjee said. "The AAI has both the expertise and the resources to take care of all the modernisation requirements in both Delhi and Mumbai airports and 35 non-metro airports," he added.

Workers said privatising the projects went against the national interest. "They will sell the country like this," said SK Sharma, who works at New Delhi's domestic terminal.


User currently offlineHAWK21M From India, joined Jan 2001, 31679 posts, RR: 56
Reply 11, posted (8 years 7 months 4 days 2 hours ago) and read 3010 times:

Quoting Hawaijahaz (Reply 3):
Also which airlines are poised to started this year

Heard about
Indigo
Premier
Magic

regds'
MEL



Think of the brighter side!
User currently offlineGr8Circle From Canada, joined Dec 2005, 3099 posts, RR: 4
Reply 12, posted (8 years 7 months 3 days 20 hours ago) and read 2940 times:

Quoting LAXDESI (Reply 10):
January 29 due to opposition from unions who fear large-scale job losses,



Quoting LAXDESI (Reply 10):
He had earlier spoken to hundreds of angry airport workers who had blocked the gates of the civil aviation ministry -- watched by dozens of riot police

@#$% these damn union workers....they are one of the single biggest impediments to progress in India - after the politicians, of course  smile 

They just need to see what happened in the banking sector (public sector banks left faaaar behind the private and foreign banks), to realise that they have to allow private investment in airports, else this so-called aviation boom that everyone is anticipating, will never really happen....do they think that by just ordering a few dozen planes, there will be an aviation boom???


User currently offlineLAXDESI From United States of America, joined May 2005, 5086 posts, RR: 48
Reply 13, posted (8 years 7 months 3 days 18 hours ago) and read 2907 times:

Air Deccan to raise Rs 1,320cr(about $300 million) via IPO. Based on initial offering, total market value of Air Deccan will be around $1,200 million. For comparison, Jet's current market valuation is around $2,100 million, and Singapore Airline's valuation is around $8,400 million. I am really proud of what Deccan has achieved in a short span of time. I would not be surprised if Jet or Deccan end up having a higher valuation than Singapore in another 7-10 years. Link:
http://timesofindia.indiatimes.com/articleshow/1390116.cms

Quotes:
India's first no-frills carrier Air Deccan is finally cruising towards the capital market, with a plan to offload 25% stake to fund its expansion plan for the Indian aviation space. Though company officials were tight-lipped, sources close to the exercise said Air Deccan plans to raise $250-300 million (Rs 1,100-1,320 crore) through the initial public offer (IPO).

The proceeds from the IPO, the airline said, will be used to set up a training centre, a hangar facility for basic and medium level maintenance checks at Chennai, besides creating infrastructure at airports.

The issue would constitute 25% of the fully diluted post-issue paid-up capital of the company," it said. A part of the funds, sources said, would also be used to part-finance its aircraft acquisition programme. The airline had recently announced plans to buy 30 mint-fresh Airbus A320 passenger jets for a list price of $1.5 billion.


User currently offlineCricket From India, joined Aug 2005, 2967 posts, RR: 7
Reply 14, posted (8 years 7 months 3 days 10 hours ago) and read 2849 times:

Quoting LAXDESI (Reply 13):
I am really proud of what Deccan has achieved in a short span of time. I would not be surprised if Jet or Deccan end up having a higher valuation than Singapore in another 7-10 years.

Keep in mind the Indian capital markets are currently at obscene highs, the BSE Sensex might hit 10k next week (it closed at 9870 Friday) - I will take a look at Air Deccan's Red Herring but chances are that the carrier is going at at least 20-25 times 06 earnings and 15-18 times 07 earnings. Jet incidentally is trading 15% off its issue price of Rs 1300, so buying into Air Deccan, despite it probably being the 'most able' of the carriers that started out in the current boom to become profitable might be a bit hazardous. Unless you want to make a short-term gain though!



A300B2/B4/6R, A313, A319/320/321, A333, A343, A388, 737-2/3/4/7/8/9, 747-3/4, 772/2E/2L/3, E170/190, F70, CR2/7, 146-3,
User currently offlineKaran69 From India, joined Oct 2004, 2887 posts, RR: 18
Reply 15, posted (8 years 7 months 3 days 10 hours ago) and read 2844 times:

KF and DN seem to be expanding real rapidly, i doubt if GO and SJ can catch up without new aircrafts.
SJ i think will recieve their 10 738s within Q1 2007, wonder if they will make BOM-DEL non-stop.
Also rumours that they would go in for the 737-900ER Any news on that.


User currently offlineCricket From India, joined Aug 2005, 2967 posts, RR: 7
Reply 16, posted (8 years 7 months 3 days 10 hours ago) and read 2839 times:

Quoting Karan69 (Reply 15):
wonder if they will make BOM-DEL non-stop

two of four flights are non-stop now. Air Deccan is adding three additional frequencies to DEL-BOM in Feb - 5 daily flights between DEL-BOM - 900 seats a day. There are almost 7500 seats a day between BOM-DEL (and another 7500 DEL-BOM) right now, by far and away the most populated route in India.



A300B2/B4/6R, A313, A319/320/321, A333, A343, A388, 737-2/3/4/7/8/9, 747-3/4, 772/2E/2L/3, E170/190, F70, CR2/7, 146-3,
User currently offlineAirish From United Kingdom, joined Aug 2004, 259 posts, RR: 1
Reply 17, posted (8 years 7 months 3 days 5 hours ago) and read 2811 times:

Air India has leased a 5th B777 from ALAFCO. http://in.today.reuters.com/news/new..._India-234255-1.xml&archived=False


Worlds Only Reputable Airline Air India! Some Of The Least: BA, Jet (9w), Kingfisher!
User currently offlineHAWK21M From India, joined Jan 2001, 31679 posts, RR: 56
Reply 18, posted (8 years 7 months 3 days 2 hours ago) and read 2782 times:

Interesting Interview with NG on Bombay talkies yesterday night on NDTV.
regds
MEL



Think of the brighter side!
User currently offlineCricket From India, joined Aug 2005, 2967 posts, RR: 7
Reply 19, posted (8 years 7 months 3 days 2 hours ago) and read 2763 times:

Quoting Airish (Reply 17):
Air India has leased a 5th B777 from ALAFCO.

Now where the hell is that plane coming from, are carriers like SQ starting to cycle out their old 772ER's? $75 mill for a 772 - can't be very new if that is the planes net worth.



A300B2/B4/6R, A313, A319/320/321, A333, A343, A388, 737-2/3/4/7/8/9, 747-3/4, 772/2E/2L/3, E170/190, F70, CR2/7, 146-3,
User currently offlineLAXDESI From United States of America, joined May 2005, 5086 posts, RR: 48
Reply 20, posted (8 years 7 months 2 days 11 hours ago) and read 2691 times:

Quoting Cricket (Reply 14):
will take a look at Air Deccan's Red Herring but chances are that the carrier is going at at least 20-25 times 06 earnings and 15-18 times 07 earnings

As a comparison, Southwest Airlines has a current P/E of 25 and a P/E of 24 based on expected 2007 earnings. Given that equity markets are more global than ever, Deccan's IPO seems to be priced about right. I would argue that Southwest is a mature airline in a mature market with lower growth prospects than Deccan.


User currently offlineJacobin777 From United States of America, joined Sep 2004, 14968 posts, RR: 60
Reply 21, posted (8 years 7 months 2 days 11 hours ago) and read 2682 times:

Quoting LAXDESI (Reply 20):
As a comparison, Southwest Airlines has a current P/E of 25 and a P/E of 24 based on expected 2007 earnings. Given that equity markets are more global than ever, Deccan's IPO seems to be priced about right. I would argue that Southwest is a mature airline in a mature market with lower growth prospects than Deccan.

however, WN has withstood the test of time and is one of the only profitable United States air carrier year after year and has seen multiple "boom and bust" cycles...

Air Deccan is a relatively a new player and certainly hasn't seen multiple "boom and bust" cycles....which will definitely be hitting the Indian Aviation sector in the not-to-distant future....

that being said, my dad will need to look into what Airline will fly from Delhi to Patna....I'm not counting on S2 to be around for that in the next couple of years..



"Up the Irons!"
User currently offlineKeesje From , joined Dec 1969, posts, RR:
Reply 22, posted (8 years 7 months 1 day 21 hours ago) and read 2606 times:

Quoting AirIndia (Reply 8):
John Leahy... wasn't he CCO at Airbus.... is that the same person

 Smile I also noticed when I saw the article. Maybe it was part of the deal?

Enders : "Bitte nehme Sie den hunderd und Sie bekommen John dabei."


User currently offlineGr8Circle From Canada, joined Dec 2005, 3099 posts, RR: 4
Reply 23, posted (8 years 7 months 1 day 18 hours ago) and read 2560 times:

Quoting LAXDESI (Reply 10):
Workers said privatising the projects went against the national interest.

They don't seem too concerned about national interests when they go on their (frequent) flash strikes.... smile 


User currently offlineHAWK21M From India, joined Jan 2001, 31679 posts, RR: 56
Reply 24, posted (8 years 7 months 1 day 11 hours ago) and read 2506 times:

Quoting Gr8Circle (Reply 23):
They don't seem too concerned about national interests when they go on their (frequent) flash strikes....

Isn't that their national Interest  biggrin 

What news on Paramount Airways.Hows it doing.

regds
MEL



Think of the brighter side!
25 Post contains images Nimish : Oh no - this is one area I'm not worried about. It's now definitely a prestige issue for the richer Marwaris to fly back and forth and IMO there shou
26 Post contains links LAXDESI : UN agency studies Navi Mumbai site for a new airport. Link: http://dnaindia.com/report.asp?NewsID=1010036 Quotes: The civil aviation ministry has take
27 Post contains links LAXDESI : AAI staff threatens strike as airports bids open tomorrow. Link: http://www.ptinews.com/pti/ptisite.n...0513065257106004BEDC5?OpenDocument Quotes: Ami
28 Aseem : these comm should be put behind the bars. If the strike goes through, then as previous occasion, all airport but CCU will be shut down. I'd even go t
29 HAWK21M : PP on NDTV24x7 right now. regds MEL
30 Post contains links LAXDESI : India airport contracts announced. Link: http://news.bbc.co.uk/2/hi/south_asia/4665434.stm Quotes: The protestors threatened a strike if the governmen
31 Post contains links Aseem : There should be no disruption in services: Centre to states With employees of the Airports Authority of India (AAI) threatening to go on strike, Centr
32 Post contains links LAXDESI : An article about pilot shortages and training academies. Link: http://www.flightinternational.com/A...ion/177/204346/Pilots+wanted+.html Quotes: When
33 Post contains links Desh : http://www.indianexpress.com/full_story.php?content_id=86981 - great Edit regarding the privatization of airports and AAI
34 LAXDESI : Thanks for the link. I hope GOI stands firm and does not give in if there is a strike. How about calling their bluff by inviting left parties and uni
35 Post contains links LAXDESI : Export-Import Bank Funds Air India's Fleet Expansion. Link: http://www.banknet360.com/news/NewsAbstract.do?na_id=1585 Quotes: Washington, D.C.-based E
36 Post contains links LAXDESI : AAI employees to strike. Link: http://www.thehindubusinessline.com/...02/01/stories/2006020102380100.htm Quotes: AIR services around the country could
37 Jaysit : " target=_blank>http://www.thehindubusinessline.com/...0.htm Fire the whole lot, ala Reagan did with the ATC in the 1980s. I'm sure the GOI (pathetic
38 LAXDESI : I do not believe they have the votes to pass such a legislation unless BJP supports it, which IMO is not likely.
39 Post contains links LAXDESI : Govt gears up to deal with airport strike. Link: http://inhome.rediff.com/money/2006/feb/01airport.htm Quotes: The 20,000-strong workforce of the AAI
40 Post contains links LAXDESI : Jet Airways announces new sectors from today. Link: http://www.hindu.com/2006/02/01/stories/2006020117161100.htm Quotes: Jet Airways has announced tha
41 Post contains links LAXDESI : Air Deccan schemes for frequent fliers. One of the deal works out to be $60 per trip, anywhere Deccan flies. Link: http://www.blonnet.com/iw/2005/01/3
42 Post contains links Himmat01 : http://www.ndtvprofit.com/homepage/s...p?template=aviationpolicy&from=top AAI workers on strike. Quotes from NDTV: Wednesday, February 1, 2006 (New De
43 Cricket : Let them go on strike, after some time, they should all be fired. DEL and BOM are going to get state of the art new airports, and that helps the flyin
44 Himmat01 : If the AI pilots could be fired for not operating to HKG during the SARS scare, these guys too can be fired. Nobody can be allowed to hold the country
45 Nimish : In real terms what exactly do the AAI folks do at BOM/DEL in the operation of flights? I thought the airlines provide all the actual staff for things
46 Post contains links Nimish : From http://www.hindustantimes.com/news/181_1614063,00020016.htm
47 Post contains links and images Cricket : I was sent to the airport (BOM) to cover what was happening, other than some members of the Fire Service joining in most of the people were operationa
48 Anandt : In Mumbai, is the privatization for both international and domestic or intl only?
49 Desh : I believe its airport infrastrucutre and operations in general - not intl vs domestic....
50 Post contains links LAXDESI : Final step in the privatisation process completed. Cabinet approves airports' privatisation. Seems like GOI is not backing down. Link: http://www1.eco
51 Desh : One of the articles in IE mentioned that the companies who won the Contracts will absorb upto 60% of the AAI staff albeit under new terms of employmen
52 LAXDESI : It seems that only 60% of AAI employees at these two airports are guaranteed jobs for first three years. Beyond that the new management has no obligat
53 LAXDESI : " target=_blank>http://www.blonnet.com/iw/2005/01/30...1.htm Is this deal for real? Is there is a catch somewhere that I am missing.
54 LAXDESI : Can someone please clarify. Do the successful private bidders now own the airport land and all infrastructure on it or they get to lease the facilitie
55 UALAX : For so many years, both Indians and foreign nationals have had to put up with surly, indifferent AAI staff. I don't think there will be many people sy
56 Nimish : Oh yes - it's true. My parents use the scheme (16 coupons for Rs 48K) and are happy with the flexibility it provides them.
57 Aseem : move on to Indian Aviation Thread: Part 7 rgds VT-ASJ
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