If you were in front of the WCAA Air Service Team right now, what specifically would you ask for? That question is very simple. When every other US airport is pushing FAA definition of "incentive" to "borderline subsidies", what are you offering to airlines to start new service?Jump to post
So either the 43% people invest more, sell or watch their investment go belly up. I think investors realize that their investment in 2013 is not worth the same today.. So why are they not getting rid of 43%? This is where Swamy's way-out-there Sovereign Fund-Inventor Bank-Indian Proxy theory seems ...Jump to post
Depends on the economy of it. Milking older aircraft that is pretty efficient like A320/A321ceo or A330-300 until the end of its life cycle might be cheaper compared to taking newer next gen aircraft. The savings might not be worth it. A320/A321ceo are extremely efficient already, we are not talkin...Jump to post
... If DL hates DTW as much as you think they do they could just move your international flights to another hub and no one would notice. ... I don't think DL hates DTW, it just milks a captive market to the maximum. 1) Constant negative news about the City of Detroit (most of it not true) extended ...Jump to post
Hypothesis @BawliBooch Etihad - 24% Indian individual/institutional investors - 25% Goyal - 8% Unknown off-shore investors/guarantors- 43% (Goyal as a proxy, 2013 swap) For the sale to complete, the buyer has to pay 2013 prices for 43% of shares, I don't see why off-shore guarantors will take a hair...Jump to post
... It's all coming down to Naresh Goyal, will he swallow his pride and let the airline survive. Or has he already burned too many bridges and it's too late now? If Subramanian Swamy's theory of UAE sovereign fund indirectly holding Goyal's stake through HSBC is true, Goyal may not be own anything....Jump to post
Do we have any details on what parts were "harvested" from the parked 777? This is a serious claim to make! Any evidence to back it up? UNVERIFIED information - 1 77W is being taken to Amman (perhaps she meant AUH?). Is it JEX? Leasing it out to some other operator again? Either ways we d...Jump to post
BawliBooch wrote:unnayan wrote:Completely agree ... I want my hard earned money for my future.. not Jet
How is your hard earned money being spent on Jet Airways?
... To get the discussion back to Jet Airways, I dont think the situation is as grim as people are painting it out to be.. Jet had close to 10 WBs sun bathing at DEL T2?? around 2012. Analysts had no issues. Now they are complaining about 2 WBs parked. I guess they were getting lunch coupons and fr...Jump to post
Well , if the annual numbers reported by him had to be restated - not sure any other thing is needed . somebody could claim to be whatever - the fact is the airline management did not do all that was expected of them to clean the mess. Watch full video. He was very candid. If Jet Airways CEO wants ...Jump to post
Have a Friend who works at the corporate office . Try previous MD focus and big ask of people was how his media image got managed as a turnaround guy , while actually doing nothing . Actually slowed down and decided to not act on things that could help stop bleeding . Was very ok to agree to Politi...Jump to post
Looks like this is yet another EK PR's quarterly puff piece, claiming EY is going down, EK will take over EY and several variants of the same gossip.
EY's Daddy has a lot of disposable income, it is not going anywhere.
Not nitpicking on who has how much debt. Everyone is drowning in it. Indian carriers cannot survive with 1.5x average cost structure and offering world's lowest airfares. Money laundering cannot make up for the difference, As long as Goyal had open channels, Jet Airways thrived, now it is suffering....Jump to post
This would be great. Merge UX with Jet. Take the best of both and create India’s best FSC. NG needs to seek his stake and retire. End the madness. Fingers crossed Not going to happen. The so-called Indian private sector conglomerates are drowning in debt, TATAs in 25,000 Cr and some others in 200,0...Jump to post
I bet if AI or 9W was involved the comments would be very diffent from both sides, Indians defending and non-Indians critisizing. If. For all its faults (look at my signature line) AI is unlikely to deplane a family of any nationality for offering biscuits to a crying baby. and given that you recog...Jump to post
You missed the point. Do you know what a non-performing asset is for a bank? It is a sudden shift in the rules on how a client is handled. .... The state owned banks have themselves warned AI is in danger of becoming a non-performing asset. We are just over two weeks away from the financial wheels ...Jump to post
... And Indian law has no supremacy in the UK. If BA wants to hide behind UK laws for their misdeeds, it should operate within the UK. Post BREXIT that may very well be the case, when EU renders all British AOCs and crew licences invalid. BA is "hiding" behind nothing and it was operating...Jump to post
And Indian law has no supremacy in the UK.
I honestly think this is going to cost a lot of Mars Minis to BA. Two families were kicked out of the airport by security at 10 PM, their BPs were confiscated A third family was also threatened by airport security. Ministry of Civil Aviation ordered Indian DGCA to investigate this incident. Ministry...Jump to post
EK offers an exceptional in-flight service in all 3 classes (just compare the the quality and size of dinner and lunch meals served in economy class with those served on the likes of AA or UA UA spends $5.80 on catering per passenger, actually highest among US3. EK spends $25 per passenger on in-fl...Jump to post
Get a grip - what fine? How can any Indian court levy a fine for an alleged incident that happened in LONDON ? Please explain how that works. Because BA operates to India and they have to abide by Indian laws if they want to continue to operate to India. If the passenger moves court on the basis of...Jump to post
BA will pay a hefty fine in India. They will get EU261 claim and in Indian courts. On what basis would any Indian court have any jurisdiction over an alleged incident that took place in London? :confused: Oh, now you are looking for fair treatment. That ship has sailed. Pay fine and move on.Jump to post
BA will pay a hefty fine in India. They will get EU261 claim and in Indian courts. On what basis would any Indian court have any jurisdiction over an alleged incident that took place in London? :confused: Oh, now you are looking for fair treatment. That ship has sailed. Pay fine and move on. BTW, B...Jump to post
I think it is viewed as a giant status symbol among nerds, especially those with money in the bank, and eco-friendly people too. I'm not so sure how much further it extends. Let me know when the A-listers are embracing it in a very public way.. I would add "pretend" nerds. Anyone with dee...Jump to post
I don’t think that’s what they were doing. I think they were defending BA because there is likely much more to the story, that none of us know about. Must be the language barrier, the way I read the above posts, BA FA would never do or say such things. That has been disproven with snap chat video. ...Jump to post
BA will pay a hefty fine in India. This FA picked the wrong soft target.
Wasn't there another recent incident of BA FA's rant on snapchat about Nigerians?
These antics amuse me. Doesn't anyone at AI/GoI understand what non-performing asset means? Lightsaber Depends on which sector is more vulnerable. From the state-owned banks perspective, AI is the best performing asset, $3.3B-$4B loan yields an annual revenue of $600 Million. The root cause of the ...Jump to post
No sane person would buy Tesla out at over $70 billion plus debt. Saudis and any other oil cartel would buy companies promoting alternative energies. Benefits are two-fold, one they can claim they are not solely into fossil fuels, and they can kill the company anytime. I heard quite a few shale gas...Jump to post
Selling AIATSL is good in the sense, it will essentially end EAS program because no private operator would operate an airport with one flight a day. Someone should not buy ATRs in the hope of milking government subsidies. Well, selling AIESL is a bad idea, but I can see this happening. Anyone would ...Jump to post
Huh? Please re-listen to the conference call. 6E isn't burning cash. They committed dollars to pre-pay leases to lessen the rupee decline and buying ATRs cash while preparing to start buying A320s cash. Lightsaber Probably I need to clarify. 6E is like a runaway train. There is no way it can stop c...Jump to post
Per the call, Indigo is reacting to other airlines dropping their < 15 day pricing. In other words, 6E is not able to charge planned fares for 0-15 day bookings. What we know is both AI and Jet are very short on cash. Lightsaber Sure they don't have cash, but they are not burning cash like 6E. Thei...Jump to post
So let us pick a random route ABC-XYZ with, 6E 8 dailies, AI and GoAir have 1 daily each. Lets say average price structure looks somewhat like this excluding taxes and fees. 15+ days - $50 RT 8-15 days - $75 RT 0-7 = days - $100 RT So to fill 8 dailies 6E is forced to sell 15+ day bookings below $50...Jump to post
Again, if at a profit, this isn't dumping. ... It isn't just them not raising last minute fares. Lightsaber Profits can be cooked. Those who cookbooks most likely dump capacity and lower prices So the existence of profit doesn't imply an absence of capacity dumping. I am 100% sure you haven't liste...Jump to post
Dumping= selling below cost. Not only is 6E making a small profit, they are acquiring assets... So the only airlines that are dumping are 6E, Vistara, and 9W... Lightsaber Traditionally private carriers in India sold advance booking tickets at a discount, and jack up 0-15 day ticket prices. AI alon...Jump to post
Refurbishment of wide bodies have been in their plans for more than a year. Those are the reasons why 9W needs cash along with paying the debt. Every airline on earth has debt and constant need for working capital. But PR peeps only talk about debt as if there is no revenue. Just because there is a...Jump to post
India-Europe is 3-crew under DGCA, Dubai-Boston is 2-crew under GCAA, how would Indian airlines make a profit. By India EU do you mean flights above 10 hours or any India EU one? I've heard AI's DEL MAD was in trouble due to same reason. I have seen 3-crew on 9W BOM-LHR flight. Maybe to mitigate re...Jump to post
... Btw if Jet is in so bad a shape, how are they launching BOM-MAN? Does anyone know if Jet's EU-India flights (other than LHR) are profitable? Because it is not in such a bad shape as it claimed to be here by pundits. They have been rationalizing routes diligently, not throwing darts on the map a...Jump to post
According to the video, the mechanic can sign off on the planes repairs right there at the plane instead of having to go to an office, find a desktop PC and sign off on the repair. Between that and the technology to diagnosis a problem while the plane is still in the air (that has been around for a...Jump to post
That is good news for a democracy, more voters executing their right to vote. Probably a lesson learned from the last general election. More Michigan voters cast ballots in Tuesday's election than in any gubernatorial primary in at least 40 years, setting a modern record for participation. Unofficia...Jump to post
jet airways once again going for expatriate pilots https://www.financialexpress.com/industry/jet-airways-scouting-for-expatriate-pilots/1273055/lite/?__twitter_impression=true DGCA would make hiring expats literally impossible. That is just because one expat crashed a plane. In general DGCA CARs ar...Jump to post
Ya, let CAG audit Indigo financials.Jump to post
I did detailed numbers to show this isn't true. AI's numbers keep being revised. DTW2HYD, I applaud your enthusiasm for an airline, but there is a time to realize an enterprise isn't recoverable. I revised my numbers and... so far I have been too optimistic on AI it looks like there just isn't enou...Jump to post
@lightsaber I said $8B six days back in #616. The point you are missing is all debt is not equal. AV : WC is 50:50, so $4B:$4B 1) AV debt revenue generating frames @LIBOR + 0.25 - $3,4 Billion 2) AV debt non-rev frames @LIBOR + 0.25 - $600 Million 3) WC debt external commercial borrowing @5-8% ($1 B...Jump to post
Unless Tesla has some unique software no one else has and cannot develop quickly they have no advantage. There are Chinese companies churning out electric buses by thousands, they can easily build a replica at half of Tesla's price tag. Musk has to motivate typical iPhone buyers who don't know much ...Jump to post
11,000 crore would buy under a year Lightsaber If GoI pays off $1.6 Billion WC debt in one go, it would save AI at least $300 Million/year going forward. Assuming GoI doesn't place another 50x777X order, AI can easily recover in 3 years. Keep in mind, in 3 years most of the highest salary bracket s...Jump to post