Search found 2245 matches

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by DLPMMM
Tue Jun 18, 2019 7:28 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

All I have said above is a moot point if I misinterpreted the article. Very unclear what happens in Indian Bankruptcy court. All you have said is moot because you do not know how bankruptcy courts work in India or anywhere else in the world. (The Indian Bankruptcy system is much closer to the UK an...

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by DLPMMM
Mon Jun 17, 2019 11:28 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

DLPMMM - on the assets being left that is where the confusion comes. The article made it seem like they could essentially liquidate Jet with out the debt obligations (where they say what EY wanted - this was also what Vistara wanted). Is that a possibility? Remember the BOM slots have not officiall...

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by DLPMMM
Mon Jun 17, 2019 11:15 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

DLPMMM - on the assets being left that is where the confusion comes. The article made it seem like they could essentially liquidate Jet with out the debt obligations (where they say what EY wanted - this was also what Vistara wanted). Is that a possibility? Remember the BOM slots have not officiall...

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by DLPMMM
Mon Jun 17, 2019 8:04 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

Finally Finished , RIP. https://pbs.twimg.com/media/D9RWlhXUcAY1COs?format=png&name=small https://m.economictimes.com/industry/transportation/airlines-/-aviation/sbi-led-consortium-to-take-jet-airways-to-nclt-seek-resolution-under-ibc-reports/articleshow/69825957.cms Well summarised by a well k...

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by DLPMMM
Sat Jun 15, 2019 1:46 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

https://pbs.twimg.com/media/D9B7byHUIAEXCwf?format=png&name=small ET Now. And there we are....Jet will be liquidated and no sale is possible for the precise reasons given by myself and others. There is no way to resurrect Jet with such an unsecured creditor debt load. Now we can sit back and li...

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by DLPMMM
Thu Jun 13, 2019 12:44 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

US Exim Bank moves DGCA to de-register 6 Boeing 777-300ER's of Jet. . The link below provides details of the repossession plan. It also has some interesting facts: "The US Exim Bank is likely to give the planes to Air India for preventive maintenance. Air India already houses one B777 aircraft...

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by DLPMMM
Mon Jun 10, 2019 5:23 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

Separately, today a Mumbai court is considering a request by 2 small creditors to force bankruptcy proceedings as it relates to Jet Here is the problem for any "reboot" The banks can take any haircut they deem necessary, but they cannot force the unsecured creditors (including Jet employe...

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by DLPMMM
Thu Jun 06, 2019 12:18 pm
Forum: Travel, Polls & Preferences
Topic: Will US Carriers stop serving Cuba due to Trump's recent Travel Ban to Cuba?
Replies: 11
Views: 1285

Re: Will US Carriers stop serving Cuba due to Trump's recent Travel Ban to Cuba?

With the recent Cuban Travel Ban will US Carriers UA, DL, AA, B6, and WN stop all flights to Cuba? There were flights by USA carriers before Obama eased the travel restrictions to Cuba, there will be flights by USA carriers now that restrictions have been increased again. The demand and correspondi...

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by DLPMMM
Sun Jun 02, 2019 10:26 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

Go celebrate. You could ignore to read posts by the usual suspects you don't like or even add to foe list so posts from those users won't be visible. This is a forum on the internet, not a grand jury testimony to state only facts under oath. Why troll others with dissenting opinions. You can have y...

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by DLPMMM
Sat Jun 01, 2019 4:25 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

I suspect NG is still planning a comeback. IMO, the following will put a stop to that; 1. That most of the Jet fleet are now flying for another airline. 2. Will Banks provide capital after taking a haircut. 3. Will staff, particularly pilots risk not getting paid. 4. Will suppliers risk not getting...

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by DLPMMM
Sat Jun 01, 2019 1:05 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

Jet is dead Go celebrate. You could ignore to read posts by the usual suspects you don't like or even add to foe list so posts from those users won't be visible. This is a forum on the internet, not a grand jury testimony to state only facts under oath. Why troll others with dissenting opinions. Yo...

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by DLPMMM
Fri May 31, 2019 9:36 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

I guess India just kissed goodbye to a potential investment in Jet by the Hindujas. I had long been arguing on this forum that potential investors in Jet are being sent a message and the message is on the wall. At least by the end of this week we would know whether Jet will fly again or not. Guess ...

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by DLPMMM
Mon May 13, 2019 1:41 am
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

Clearly there is something of value or 4 groups would not have bid. What do you think they bid on? The notion that Jet would just be shut down is such a waste of value and one of those “only in india things.” The issue for the GOI is: do they provide the needed creditor relief to the new Jet owner....

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by DLPMMM
Mon May 13, 2019 12:14 am
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

Well said but people don’t want to hear it. Some are so focused on Jet disappearing that they can’t see the big picture. Spice and Indigo have totally flailed in coming up with a plan to replace Jet’s international capacity. Will BOM and Del be hurt, sure a little. But smaller towns in India will r...

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by DLPMMM
Sun May 12, 2019 1:32 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

No, that was not my point. That is you putting words in others mouth as usual. I was pointing out at the Indian public sector banking and them being unaccountable for anything, expecting govt. bailouts everytime. Except SBI isnt a conglomerate of yahoos who've lost money perennially, like Air India...

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by DLPMMM
Thu May 02, 2019 8:41 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

Lenders "have no hard assets to liquidate" so there is no incentive to force bankruptcy. https://www.bing.com/amp/s/mobile.reuters.com/article/amp/idUSKCN1S81A0 Oh, this is a quagmire. This will be a MBA case study. India needs to get in front of their laws before a generation of MBAs is ...

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by DLPMMM
Wed May 01, 2019 12:19 am
Forum: Civil Aviation
Topic: MTC, PHN and PTK
Replies: 13
Views: 1050

Re: MTC, PHN and PTK

Could we ever see commercial service at one of these airports for those who live Northeast of the city. Both PTK and PHN had service by North Central and then after that by a couple of commuter airlines. MTC would be great for an Allegiant type operation but don't know if they'd ever get access to ...

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by DLPMMM
Wed May 01, 2019 12:11 am
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

3. A relatively paltry 170 crore as penalty(1 month salary) for failing to pay a publicly promised 1500 crore is a fair judgement for SBI’s total failure to lead when it forcibly took charge. Besides it fair given how SBI let the Jet staff down so terribly. banks are supposed to do their due delige...

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by DLPMMM
Sun Apr 28, 2019 2:22 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

They do. It is not talked about because not many get into the pickle like 9W or AI. What you talking about? When you lease, you don't own the plane, you don't pay for it (unless it was a sale and leaseback, in which case money moves around and hence again no debt). Yes there maybe payments to be ma...

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by DLPMMM
Sun Apr 28, 2019 12:52 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

Owner is MOORGATE AIRCRAFT 2007 LIMITED. https://livefromalounge.boardingarea.com/2019/04/23/jet-airways-777-de-registered/ That is the complex nature of present-day lease structures. it sounds like Goyal. VJM made a mistake be keeping shell owned ATR72s in India with a hope to restart. Lost those....

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by DLPMMM
Sat Apr 27, 2019 10:20 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

When you lend money to businesses, you use two valuations of worth - going concern and wind up. The latter is a fraction of the former. If all parties are co-operating - banks, creditors, liquidator / receiver, then usually realised asset values fall somewhere between the two, but remember, you nev...

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by DLPMMM
Sat Apr 27, 2019 3:00 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

What are your qualifications? . Glad you asked. I am from the second batch Masters in Computer Science in entire India. It was UGC funded and on DoD supplied Medha 930 mainframes. BTW, Ameerpet was not born when I completed my Masters. So I won't get offended if some low-cost shill takes a jab at A...

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by DLPMMM
Sat Apr 27, 2019 1:56 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

Planesmart can correct me, Please just quit it, you make no sense. Debt is debt. I clearly stated someone with real aviation finance experience can correct me. I will be very happy to oblige. Not some self-proclaimed a.net finance expert. On FlyerTalk, TAs post their client's premium cabin experien...

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by DLPMMM
Sat Apr 27, 2019 12:35 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

Estimates of the debt have been growing exponentially. 8,500 crore 11,600 crore 25,000 crore .... By Western standards Lightsaber As I understood, total debt was 20,000cr,12,000cr has collateral and 8,000cr is the real debt. Hence the three numbers. 25,000 is Ajay Singh's number, no significance. W...

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by DLPMMM
Sat Apr 27, 2019 12:24 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

It is not the total debt, it is the current debt and corporation's ability to service current debt matters. A couple of years back one expert said Emirates has $12 Billion debt in total. I was puzzled. Really doesn't matter as long as it has the cash flow to service current debt. In the case of 9W,...

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by DLPMMM
Fri Apr 26, 2019 2:54 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

Finance checking in. Jet will not fly again. I am Finance, I have delt extensively with Bankruptcy law in the USA, and have done business in India for 30 years including with Indian Government Enterprises. Jet will not fly again and this bidding process is a charade. There is nothing left to bid on...

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by DLPMMM
Fri Apr 26, 2019 12:16 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

I'm not sure I take this at face value, but SpiceJet is claiming Jet owes 25,000 crore: https://www.financialexpress.com/industry/jet-airways-has-liabilities-around-rs-25k-crore-spicejet-too-small-to-turn-around-airlines/1559451/lite/ I believe the 28 738s under LOI. I believe negotiating for 12 mo...

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by DLPMMM
Tue Apr 23, 2019 4:52 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

Well the article didn't present the EY news as a rumor. So is the first article wrong or the second? I mean you can't even trust the media to just report the facts on something like this. So sad. The article I read only said that EY requires the banks to take an 80% haircut to consider even making ...

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by DLPMMM
Mon Apr 22, 2019 6:22 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

80% Write Off Required for Etihad Bid I think this is going to be tricky, politically. Banks are caught between a rock and a hard place. If they don't write off 80%, likely no bids and they could lose 100% and evoke Jet employees' wrath. If they do write off 80%, there would be CBI inquiry, legal c...

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by DLPMMM
Sat Apr 20, 2019 12:52 pm
Forum: Civil Aviation
Topic: Alitalia bankruptcy and selling process discussion thread
Replies: 909
Views: 222993

Re: Alitalia bankruptcy and selling process discussion thread

Based on a 15% holding how much input will DL have. I think that the goal is to cover the 1 billion bridge loan, so 15% of that would be about 150 million EUR. I think that the deal will go through. DL will probably take it up to 30% on condition that they can run the show as they please, with an o...

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by DLPMMM
Thu Apr 18, 2019 10:42 pm
Forum: Civil Aviation
Topic: Jet Airways: Shutdown
Replies: 1661
Views: 162817

Re: Jet Airways: Shutdown

Lightsaber - you keep saying expect a legal fight. And you seem to agree with this. Why? The airlines rushing in know exactly what they are getting - temp slots. Shouldn’t rule of law matter over what the mob wants? Btw I think the deadline moving from July 15 to Oct actually buys Jet more time. I ...

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by DLPMMM
Sun Apr 14, 2019 9:44 pm
Forum: Civil Aviation
Topic: Jet Airways Updated: Operations suspended
Replies: 3319
Views: 385029

Re: Jet Airways Latest Developments Discussion Thread

[...]They can relieve themselves of the debt by liquidating the company according to Indian Law and paying the lessors in the proper ratio as other unsecured creditors.[...] Another option would be the Swissair bankruptcy way: transfer the operations to another, legally independent company. In that...

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by DLPMMM
Sun Apr 14, 2019 8:55 pm
Forum: Civil Aviation
Topic: Jet Airways Updated: Operations suspended
Replies: 3319
Views: 385029

Re: Jet Airways Latest Developments Discussion Thread

Can Jet avoid paying outstanding lease payments in all repossessed aircraft? If so, a huge obligation gets eliminated No. They will still owe for the past due lease payments plus additional penalties for violating lease terms. You come up with all these hypothetical business scenarios yet you seem ...

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by DLPMMM
Sun Apr 14, 2019 6:44 pm
Forum: Civil Aviation
Topic: Jet Airways Updated: Operations suspended
Replies: 3319
Views: 385029

Re: Jet Airways Latest Developments Discussion Thread

Can Jet avoid paying outstanding lease payments in all repossessed aircraft? If so, a huge obligation gets eliminated No. They will still owe for the past due lease payments plus additional penalties for violating lease terms. You come up with all these hypothetical business scenarios yet you seem ...

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by DLPMMM
Sat Apr 13, 2019 7:32 pm
Forum: Civil Aviation
Topic: Jet Airways Updated: Operations suspended
Replies: 3319
Views: 385029

Re: Jet Airways Latest Developments Discussion Thread

What is Jet’s strategy for getting its plane released? (The one that was seized by creditors in Amsterdam? What is the value of that debt. My take is that they will settle for 50 cents on the dollar since they can’t possibly sell a plane which has multiple liens on it. Why do you think that? It mak...

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by DLPMMM
Sat Apr 13, 2019 1:01 pm
Forum: Civil Aviation
Topic: Jet Airways Updated: Operations suspended
Replies: 3319
Views: 385029

Re: Jet Airways Latest Developments Discussion Thread

9W's BOM/DEL-LHR premium traffic was Indian elite/DYKWIA types, BA/VS can never capture that market. That was the reason even though BA/VS reduced India-LHR service, 9W and AI maintained/increased capacity. Even ME3's low prices and world-class service couldn't harm 9W/AI non-stop service. What are...

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by DLPMMM
Wed Apr 10, 2019 1:32 pm
Forum: Civil Aviation
Topic: Jet Airways Updated: Operations suspended
Replies: 3319
Views: 385029

Re: Jet Airways: reports cash running out

I question SBI Bank asking SBI Capital Markets to handle the sale. Since it is the same umbrella organization, they may not have been thinking beyond their noses. It requires an outsider to make the terms and deal attractive to bidders. Why didn’t they select an external consultant? huh? They are t...

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by DLPMMM
Tue Apr 09, 2019 1:34 pm
Forum: Civil Aviation
Topic: Jet Airways Updated: Operations suspended
Replies: 3319
Views: 385029

Re: Jet Airways: reports cash running out

Who said beggars cannot foolishly assume to be choosers? "Prospective bidders of struggling Jet Airways Ltd need to settle the airline’s existing debt as part of any deal to buy a stake in the carrier, its consortium of lenders led by State Bank of India (SBI) said in a statement on Monday.&qu...

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by DLPMMM
Tue Apr 09, 2019 12:11 pm
Forum: Civil Aviation
Topic: Jet Airways Updated: Operations suspended
Replies: 3319
Views: 385029

Re: Jet Airways: reports cash running out

Who said beggars cannot foolishly assume to be choosers? "Prospective bidders of struggling Jet Airways Ltd need to settle the airline’s existing debt as part of any deal to buy a stake in the carrier, its consortium of lenders led by State Bank of India (SBI) said in a statement on Monday.&qu...

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by DLPMMM
Sun Mar 17, 2019 7:10 pm
Forum: Civil Aviation
Topic: Jet Airways Updated: Operations suspended
Replies: 3319
Views: 385029

Re: Jet Airways: reports cash running out

The question is can Etihad afford to lose 10 percent of its business, probably in perpetuity, for a relatively small investment in Jet. note that India will be the most populous country in less than 5 years and not more than 2 percent of the population currently flies. so, there is tremendous oppor...

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by DLPMMM
Sat Mar 09, 2019 3:29 pm
Forum: Travel, Polls & Preferences
Topic: DFW-SYD vs. LAX/SFO-SYD
Replies: 30
Views: 2679

Re: DFW-SYD vs. LAX/SFO-SYD

Maybe go the other direction with the ME3 for a better experience in all classes .... any transfer at a US airport will be a bit third world unfortunately I personally found DXB to be a far less inviting place to transfer than DFW. I also did not care for EK’s cramped J class and their food menu wa...

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by DLPMMM
Sat Mar 09, 2019 12:49 pm
Forum: Travel, Polls & Preferences
Topic: DFW-SYD vs. LAX/SFO-SYD
Replies: 30
Views: 2679

Re: DFW-SYD vs. LAX/SFO-SYD

Connecting in DFW is easy.

The flight will leave from D concourse.

No matter which concourse you arrive at from NYC, the sky train (or whatever they call it) is quick and simple. There is an AA lounge, a QF lounge (I think shared) and an AmeX lounge if you qualify.

Enjoy!

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by DLPMMM
Thu Feb 21, 2019 12:17 am
Forum: Civil Aviation
Topic: SQ's IFE Has a Camera Possibly Watching in Every Seat
Replies: 56
Views: 11464

Re: SQ's IFE Has a Camera Possibly Watching in Every Seat

It was probably cheaper to buy the units as is, instead of a small run of only a few thousand of customized units for SQ.

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by DLPMMM
Thu Feb 14, 2019 4:11 pm
Forum: Non-Aviation
Topic: DL 14FEB19 profit sharing up to 10X more than other U.S. carriers!
Replies: 31
Views: 4340

Re: DL 14FEB19 profit sharing up to 10X more than other U.S. carriers!

nice job sharing the wealth with employees. the traditional US corporation would have shared it with the stock holders. delta remains my third favorite US airline. IINM, AA's employees' unions were offered a higher percentage of profit sharing at pay scales similar to DL's employees. AA's unions op...

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by DLPMMM
Mon Jan 07, 2019 4:53 pm
Forum: Civil Aviation
Topic: Delta Airlines Is Coming to Hilton Head
Replies: 67
Views: 9083

Re: Delta Airlines Is Coming to Hilton Head

Although the numbers pale in comparison to the visitation to the area, it also needs to be pointed out that this is one of the fastest growing metro areas in the country. SAV will continue to be the primary airport for a lot of residents in Beaufort and Jasper counties (and CHS attracts many area r...

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by DLPMMM
Mon Jan 07, 2019 4:00 pm
Forum: Civil Aviation
Topic: Delta Airlines Is Coming to Hilton Head
Replies: 67
Views: 9083

Re: Delta Airlines Is Coming to Hilton Head

Tourists...you mean price sensitive people who will see a cheaper fare to SAV and go there? I get it, I go there a lot. At the end of the day, people have become conditioned to SAV already. This move is purely defensive by DL not necessarily demand based. Not sure this level of seats is truly susta...

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by DLPMMM
Mon Jan 07, 2019 2:58 pm
Forum: Civil Aviation
Topic: Delta Airlines Is Coming to Hilton Head
Replies: 67
Views: 9083

Re: Delta Airlines Is Coming to Hilton Head

Makes great sense with the runway extension but does this threaten UA's big entrance with IAD 3x and EWR/ORD on the weekends? These are Delta Connections flights. We've seen how consumers respond to Delta Connection service in other small markets like JNU, YEG, and elsewhere. Unless Delta changes H...

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by DLPMMM
Mon Jan 07, 2019 2:55 pm
Forum: Civil Aviation
Topic: Delta Airlines Is Coming to Hilton Head
Replies: 67
Views: 9083

Re: Delta Airlines Is Coming to Hilton Head

Curious about how the HHH terminal will handle all this traffic … these EMB175s (possibly more than one at a time) are a YUGE step up over a single Dash 8-100 load of pax in that terminal! AA is already flying E-175s into HHH. A new terminal is not required, even for 2 at a time. They could use a b...

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by DLPMMM
Sun Jan 06, 2019 4:33 am
Forum: Civil Aviation
Topic: Delta Airlines Is Coming to Hilton Head
Replies: 67
Views: 9083

Re: Delta Airlines Is Coming to Hilton Head

Curious about how the HHH terminal will handle all this traffic … these EMB175s (possibly more than one at a time) are a YUGE step up over a single Dash 8-100 load of pax in that terminal! AA is already flying E-175s into HHH. A new terminal is not required, even for 2 at a time. They could use a b...

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by DLPMMM
Mon Dec 24, 2018 4:20 pm
Forum: Civil Aviation
Topic: Reuters/Norwegian Media: DY at Risk of Collapse
Replies: 184
Views: 37443

Re: Reuters/Norwegian Media: DY at Risk of Collapse

Who set market price? The CEO of the big airlines. They meet once a year in the USA or some other part of the world to set the price for the next time few years. This last meeting was In the Caribbean if am not mistaken. Listen DY is shaking up the market like southwest did. My friend market price ...

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