Category Archives: Aviation
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Air India Privatisation: Lessons from the Past
Posted on July 7, 2017 by Diligentia News in Aviation.The decision to privatise Air India (AI) is absolutely well-timed. A large swathe of the Indian middle-class is increasingly impatient at having to foot the bills for excesses and corruption of politicians, policy-makers, bankers and others. Let’s face it; we have been carrying the burden of this white elephant for a long time without realising […]
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AirAsia India says GST to shave off Rs 400 crore from airlines
Posted on July 5, 2017 by Diligentia News in Aviation.Low-cost carrier AirAsia India today said the new tax regime will leave the aviation industry poorer by about Rs 400 crore annually if the government does not roll back the levy. “On an average, an operator will have to pay an additional Rs 10-12 crore per aircraft in additional levies, which include the 5 per […]
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What Air India’s seller and any future buyer should do to make the deal fly
Posted on July 4, 2017 by Diligentia News in Aviation.At last, the government has decided to bite the bullet and sell Air India (AI). Now, the question is how: strategic sale, or sale through the stock market? Ratan Tata, possibly in alliance with Singapore Airlines, has shown interest, as have others like IndiGo and Qatar Airlines. Strategic sale is a political landmine, which could […]
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Why debt-ridden, loss-making Air India is still an attractive buy for some
Posted on July 4, 2017 by Diligentia News in Aviation.After the Union Cabinet allowed the divestment of loss-making Air India, several companies such as Tata Group, Indigo and Qatar Airlines have shown interest. But heavy losses and debt remain big concerns of a prospective buyer. However, despite its accumulated losses of more than Rs 50,000 crore and debt of about Rs 55,000 crore, Air […]
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For a smooth takeoff: Corporate travellers must give employer details for tax credit
Posted on July 3, 2017 by Diligentia News in Aviation.Airlines have written to its corporate travellers to register their companies’ or employers’ GST number to claim a tax credit. Corporate travellers form a significant chunk of the air traffic in India. They comprise between 30% and 45% of passengers of a low-cost airline and up to 60% for a full service airline. GST of […]
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Gadkari, Prabhu, Goyal and Raju to be part of Air India privatising panel
Posted on July 3, 2017 by Diligentia News in Aviation.Senior Union ministers Nitin Gadkari, Suresh Prabhu, Piyush Goyal and Ashok Gajapathi Raju will be part of a five-member ministerial panel headed by finance minister Arun Jaitley tasked with deciding the process of privatising Air India, which may start by December. The committee’s brief is to finalise the structure and procedure of privatising the debt-laden […]
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Can an airport be a destination?
Posted on July 3, 2017 by Diligentia News in Aviation.Kolkata: Airports, for most travellers, tend to fall into two categories. The first is the shoot-me-now domain of the budget airline, where passengers are kettled into pens akin to those found in a knacker’s yard. The second is the not-as-smart-as-it-thinks international hub. This is a place where rush-hour crowds, a dire lack of seating and […]
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GST: Aviation sector to face teething problems, says SpiceJet CMD Ajay Singh
Posted on July 3, 2017 by Diligentia News in Aviation.In a U-turn, the ministry later said it was prepared for the GST roll-out from the stipulated date. “I think it is a revolutionary reform and the government needs to be lauded for its courage to go forward with such a big reform. Any such reform will have its share of teething problems and so […]
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Will not pursue Air India bid if not profitable: IndiGo President Aditya Ghosh to staff
Posted on June 30, 2017 by Diligentia News in Aviation.Having joined the race to buy out Air India, IndiGo President Aditya Ghosh has told employees that it will not embark on the journey if it is not profitable and jeopardises interests of the airline. Making its intention clear to become a world-class international carrier, IndiGo became the first airline to formally express interest in […]
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Not that courageous to invest in Air India: Anand Mahindra
Posted on June 30, 2017 by Diligentia News in Aviation.“I don’t possess that much courage” to invest in Air India, noted industrialist Anand Mahindra has said amid the government deciding to sell stake in the loss-making airline. To revive the carrier, the Cabinet has decided on its disinvestment and the modalities such as the treatment of unsustainable debts of Air India and hiving off […]
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