Snehal khanna Blog

Likelihood of outstripping 2017-18 budgeted estimate of Rs 725 bn seen as key driver; Air India sale to be marquee disinvestment action BUDGET NEWS      :    Buoyed by way of the fulfillment of this yr’s disinvestment programme, the Finance Ministry ought to set a good better target of Rs 900 billion-1 trillion (Rs 90,000-1,00,000 crore) for 2018-19. this could encompass the sale of Air India, a number of other privatization tasks, mergers, preliminary public services, the centre’s two trade-traded finances, buybacks and gives-for-sale, and even monetization of land belongings. The budgeted estimate for 2017-18 is Rs 725 billion (Rs seventy two,500 crore), the highest ever for a 12 months up to now. With the purchase of Hindustan Petroleum with the aid of ONGC predicted to be finished soon, that concentrate on can be easily outstripped. As of January 22, divestment proceeds stood at Rs 555 billion (Rs 55,500 crore). ONGC’s acquisition of HPC...

You can upgrade to an Air India flight if the latter has the same service route allotted on the same day. LATEST NEWS  : Passengers with unconfirmed AC-I or AC-II tickets for Rajdhani Express may soon be able to fly to their destination  by paying the difference, if any, in the price of the train and air tickets, reports Times of India. The same was talked about last year when Ashwani Lohani was the Air India chairman. However, he did not get a positive response from the Railways. He said that if AI approaches Railways with this proposal, the latter will accept it. It must be noted that many passengers end up with unconfirmed AC-I AC-II tickets. As reported earlier, Railways came up with dynamic pricing model in which, only the first 10 per cent of the tickets sold in premium trains will be available at the original listed price. After that, for every 10 per cent tickets sold, the fare goes up by 10 per cent. However, after the sale of 50 per cent of ticke...

The model is considered to be a basic fundamental behind the company's success story LATEST NEWS :   A combination of factors ranging from a new accounting standard to lack of good value proposition for the A320 neo aircraft in the lessor market might have forced IndiGo to reconsider the sale-and-leaseback model — one of the basic fundamentals that contributed to the airline’s success story. With 118 of its 131 aircraft on operating lease, IndiGo has been the most active user of sale-and-leaseback financing under which a lessor will purchase the aircraft from the airline and lease it back. This removes the debt from the airline’s balance sheet and allows it invest its equity for some other purpose. Even though the company doesn’t agree to this, revenue from such transactions has helped to boost its profit. Industry sources say that the company makes a profit of $4-5 million per aircraft for each transaction. For the fourth quarter of FY17, 24 per cent of its tot...

Earlier this month, it decided to stop non-vegetarian meals in economy class on domestic flights LATEST NEWS    : This story was first published in Business Standard on 18/07/2017 Air India is drawing up a proposal to offer voluntary buyouts to just over a third of its 40,000 employees, a senior company official said, one of the largest such offers in India's state sector, as the carrier slashes costs ahead of a 2018 sale. The official, who could not be named as the plans are not public, said the state-owned airline had also put fleet expansion on hold, scrapping a proposal to lease eight Boeing 787 wide-body aircraft. Air India's board approved the proposal in April but nothing further had been done. India's flag carrier is on the block after Prime Minister Narendra Modi's cabinet last month approved plans to privatise the loss-making airline - selling part or all of the company and ending decades of state support. Founded in the 1930s and kno...

National carrier  Air India  is considering imposing a penalty of up to Rs 15 lakh on unruly passengers for flight delays. The latest proposal comes less than a month after Shiv Sena MP Ravindra Gaikwad assaulted a staffer of the national carrier at the airport here. Now, the airline is mulling to penalise passengers who delay flights and the amount could be up to Rs 15 lakh. A fine of Rs 5 lakh would be levied for delay up to one hour and the amount would be Rs 10 lakh in case the delay is between one to two hours, airline sources said. READ THIS :   Gaikwad effect: Air India plans stricter framework to tackle unruly fliers The fine would be Rs 15 lakh for more than two hours delay. "The delay period will be considered from the time of scheduled departure of the flight. Passengers can file complaints to a body formed by the airline if they don't agree to the fine simultaneously filed against the individual (passenger) according to Aircraft Rule 1937," a s...