Air India : AI : AIC
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Air India : AI : AIC
La compagnie "antionale" Air India affiche des pertes lourdes. Carburant trop cher ( comme beaucoup d'autres ), mais très taxé en Inde. Toutes les cies indiennes souffrent.
La commande d'A 380 se fera peut-être attendre.
Sur Flight :
National carrier Air India's debt swelled to 152.41 billion Indian rupees ($3.2 billion) in June after paying for new planes from Boeing and Airbus.
This is more than double its debt of 65.5 billion Indian rupees in November 2007, said Indian civil aviation minister Praful Patel in a statement to India's parliament.
"The airline has been facing a financial crunch for the past few years," Patel told parliament in the statement.
He added high oil prices and the recession have compounded the airline's operating losses.
The week commencing 29 June, the Indian government agreed to bail out national carrier Air India.
In late June, Air India also avoided a strike by agreeing to bring forward a wage payment to 3 July from 15 July.
On 16 June an Air India spokesman told ATI the company would delay $70 million in pay for two weeks to 15 July from 1 July, citing a challenging economic environment. The move would have affected 31,500 employees.
A threatened strike on 1 July, however, apparently caused Air India management to bring the delayed wages forward to 3 July.
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La commande d'A 380 se fera peut-être attendre.
Sur Flight :
National carrier Air India's debt swelled to 152.41 billion Indian rupees ($3.2 billion) in June after paying for new planes from Boeing and Airbus.
This is more than double its debt of 65.5 billion Indian rupees in November 2007, said Indian civil aviation minister Praful Patel in a statement to India's parliament.
"The airline has been facing a financial crunch for the past few years," Patel told parliament in the statement.
He added high oil prices and the recession have compounded the airline's operating losses.
The week commencing 29 June, the Indian government agreed to bail out national carrier Air India.
In late June, Air India also avoided a strike by agreeing to bring forward a wage payment to 3 July from 15 July.
On 16 June an Air India spokesman told ATI the company would delay $70 million in pay for two weeks to 15 July from 1 July, citing a challenging economic environment. The move would have affected 31,500 employees.
A threatened strike on 1 July, however, apparently caused Air India management to bring the delayed wages forward to 3 July.
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Patts- CLUB
- Messages : 1187
Localisation : RP
Air India : AI : AIC
Le national flagship indien a reçu le soutien gouvernemental, sous conditions
Sur Aerocontact :
Le gouvernement indien soutient Air India mais ne lui signera pas de chèque en blanc. Après une réunion avec le Premier ministre Manmohan Singh, le ministre de l’Aviation Civile Praful Patel a déclaré le 24 juin que la compagnie
indienne obtiendrait le soutien financier du gouvernement mais que celui-ci sera conditionné à sa restructuration.
Air India a donc du travail devant elle. Elle doit présenter un plan de réorganisation sur deux à trois ans d’ici un mois.
Celui-ci devrait prévoir un nouveau conseil d’administration composé de directeurs indépendants, un plan de réduction des effectifs, de baisse des coûts opérationnels, une révision de la grille des salaires et la poursuite de l’intégration d’Indian Airlines dans Air India.
Air India est en effet dans une grande détresse financière et manque à ce point de liquidités qu’elle éprouve des difficultés à verser leur salaire aux employés. Elle a enregistré 800 millions de dollars de pertes en 2008.
Elle ne devrait cependant pas renoncer aux appareils neufs qu’elle a commandés pour moderniser sa flotte. Ceux-ci lui permettront en effet de réduire sa consommation de kérosène, ce qui n’est pas du luxe dans un pays où le carburant est si taxé qu’il représente près de 40% des dépenses des compagnies aériennes.
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Sur Aerocontact :
Le gouvernement indien soutient Air India mais ne lui signera pas de chèque en blanc. Après une réunion avec le Premier ministre Manmohan Singh, le ministre de l’Aviation Civile Praful Patel a déclaré le 24 juin que la compagnie
indienne obtiendrait le soutien financier du gouvernement mais que celui-ci sera conditionné à sa restructuration.
Air India a donc du travail devant elle. Elle doit présenter un plan de réorganisation sur deux à trois ans d’ici un mois.
Celui-ci devrait prévoir un nouveau conseil d’administration composé de directeurs indépendants, un plan de réduction des effectifs, de baisse des coûts opérationnels, une révision de la grille des salaires et la poursuite de l’intégration d’Indian Airlines dans Air India.
Air India est en effet dans une grande détresse financière et manque à ce point de liquidités qu’elle éprouve des difficultés à verser leur salaire aux employés. Elle a enregistré 800 millions de dollars de pertes en 2008.
Elle ne devrait cependant pas renoncer aux appareils neufs qu’elle a commandés pour moderniser sa flotte. Ceux-ci lui permettront en effet de réduire sa consommation de kérosène, ce qui n’est pas du luxe dans un pays où le carburant est si taxé qu’il représente près de 40% des dépenses des compagnies aériennes.
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JETHRO- CLUB
- Messages : 544
Re: Air India : AI : AIC
Un milliard $ de pertes prévues sur exercice clos au 31 mars 09.
Le national flagship a quelques ardoises; et des coûts récurrents auxquels le ministère indien de l'aviation civil veut trouver des remèdes. La croissance se trouve dans le modèle low cost ?
Sur ATW Penton :
Air India parent National Aviation Co. of India Ltd. is expected to report a loss of approximately INR50 billion ($1.02 billion) for its fiscal year ended March 31, some 25% more than the figure targeted last month, Indian Civil Aviation Minister Praful Patel informed the national parliament's upper house yesterday.
He wrote that NACIL's deficit is "largely due to high operating expenses, which have been compounded due to the present economic recession resulting in a drop in passengers," in addition to high fuel prices and debt servicing, the Press Trust of India reported.
NACIL reportedly owes INR5.99 billion to Airports Authority of India and another INR5.42 billion to oil companies. Patel said AI's management will be reorganized, with a new COO to be added along with seven new independent directors, according to PTI. "You will see in the next 30 days a major change in the top management in Air India.
You are going to see a major change in the board. Some heads are going to roll.
We are going to bring high-quality people with a proven track record in business," Patel said.
He also reiterated his support for AI's entry into the low-cost market. "That's where the growth is and is something that Jet and Kingfisher have already done. It's up to the airline whether to use AI Express for that purpose or something else," he said, according to Asian News International.
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Le national flagship a quelques ardoises; et des coûts récurrents auxquels le ministère indien de l'aviation civil veut trouver des remèdes. La croissance se trouve dans le modèle low cost ?
Sur ATW Penton :
Air India parent National Aviation Co. of India Ltd. is expected to report a loss of approximately INR50 billion ($1.02 billion) for its fiscal year ended March 31, some 25% more than the figure targeted last month, Indian Civil Aviation Minister Praful Patel informed the national parliament's upper house yesterday.
He wrote that NACIL's deficit is "largely due to high operating expenses, which have been compounded due to the present economic recession resulting in a drop in passengers," in addition to high fuel prices and debt servicing, the Press Trust of India reported.
NACIL reportedly owes INR5.99 billion to Airports Authority of India and another INR5.42 billion to oil companies. Patel said AI's management will be reorganized, with a new COO to be added along with seven new independent directors, according to PTI. "You will see in the next 30 days a major change in the top management in Air India.
You are going to see a major change in the board. Some heads are going to roll.
We are going to bring high-quality people with a proven track record in business," Patel said.
He also reiterated his support for AI's entry into the low-cost market. "That's where the growth is and is something that Jet and Kingfisher have already done. It's up to the airline whether to use AI Express for that purpose or something else," he said, according to Asian News International.
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Prat- CLUB
- Messages : 1751
Re: Air India : AI : AIC
Bonjour, voilà qui est fait, merci Jeannot pour la bonne remarque.
Admin- Admin
- Messages : 2202
Re: Air India : AI : AIC
Du pragmatisme dans la serieuse crise d' AI. Recherche d'expertise.
Sur Channel news Asia :
INDIA: India is seeking experts' help to bring its troubled national carrier Air India back on course. The carrier has come under flak for not paying salaries on time and also asking for government aid to the tune of US$2 billion.
The government is now seeking to shake up the carrier and a change in top management is on the cards. Since June, Air India's management has been struggling to save the carrier.
High fuel prices, coupled with fewer passengers and the global economic crisis, have left Air India with US$800 million in losses. It also faces a debt of US$4 billion.
Air India has also deferred paying its 31,000 employees to save around US$73 million. But now the government has made it clear that the airline must become leaner and trimmer. Within the next 30 days, it is going to change the top management.
Praful Patel, India's Civil Aviation Minister, said: "The government's support is there, but the government's support
also comes with a condition that Air India must shape up and must become leaner and trimmer, and also must put its best foot forward."
Analysts said no amount of handout now can help the airline unless it restructures its operations.
Since March 2006, Air India's expenses related to aircraft purchase, fuel and staff have gone up nearly seven times.
On the other hand, it is seeing a drop in passenger numbers because of high ticket prices and competition from budget carriers such as Jetlite and Spice Airways.
S.R Khanna, aviation expert, said: "Apart from bringing down costs, you have to have competitive prices and then competitive quality of service. Are the consumers getting the same quality of service provided by other airlines?
--"No longer can you say that I am a government company, I am protected by the government and I have lifetime employment."
Under the bailout, the government will help pay the salaries of Air India's employees by mid-July. And it may go in for partial disinvestment of the state-owned carrier in the near future.
Air India has 210 employees working for each of its 147 aircraft. That is more than the staff of British Airways and Lufthansa Airlines, which have a bigger fleet. Air India itself admits that overstaffing has left limited scope to boost productivity.
Now the government has given the airline two months to shape up and trim its employee numbers, besides restructuring its operation, to become more competitive. - CNA/vm
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Sur Channel news Asia :
INDIA: India is seeking experts' help to bring its troubled national carrier Air India back on course. The carrier has come under flak for not paying salaries on time and also asking for government aid to the tune of US$2 billion.
The government is now seeking to shake up the carrier and a change in top management is on the cards. Since June, Air India's management has been struggling to save the carrier.
High fuel prices, coupled with fewer passengers and the global economic crisis, have left Air India with US$800 million in losses. It also faces a debt of US$4 billion.
Air India has also deferred paying its 31,000 employees to save around US$73 million. But now the government has made it clear that the airline must become leaner and trimmer. Within the next 30 days, it is going to change the top management.
Praful Patel, India's Civil Aviation Minister, said: "The government's support is there, but the government's support
also comes with a condition that Air India must shape up and must become leaner and trimmer, and also must put its best foot forward."
Analysts said no amount of handout now can help the airline unless it restructures its operations.
Since March 2006, Air India's expenses related to aircraft purchase, fuel and staff have gone up nearly seven times.
On the other hand, it is seeing a drop in passenger numbers because of high ticket prices and competition from budget carriers such as Jetlite and Spice Airways.
S.R Khanna, aviation expert, said: "Apart from bringing down costs, you have to have competitive prices and then competitive quality of service. Are the consumers getting the same quality of service provided by other airlines?
--"No longer can you say that I am a government company, I am protected by the government and I have lifetime employment."
Under the bailout, the government will help pay the salaries of Air India's employees by mid-July. And it may go in for partial disinvestment of the state-owned carrier in the near future.
Air India has 210 employees working for each of its 147 aircraft. That is more than the staff of British Airways and Lufthansa Airlines, which have a bigger fleet. Air India itself admits that overstaffing has left limited scope to boost productivity.
Now the government has given the airline two months to shape up and trim its employee numbers, besides restructuring its operation, to become more competitive. - CNA/vm
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SYLVE- CLUB
- Messages : 1932
Re: Air India : AI : AIC
JP Morgan pour financer une partie des Boeing en commande chez AI.
3 B777-200 ( LR ? ) et 4 B777-300ER ( Eximbank où es-tu cachée ? )
Pour les Airbus : IDBI Bank
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3 B777-200 ( LR ? ) et 4 B777-300ER ( Eximbank où es-tu cachée ? )
Pour les Airbus : IDBI Bank
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In March, the airline raised $1 billion from a consortium led by IDBI Bank to fund the purchase 21
Airbus passenger aircraft.
Air India has taken delivery of 48 of the 111 aircraft it has on order, and has no plans to defer the remainder despite a tough economic environment and a crowded Indian aviation market. It says that it is waiting to see how the Indian economy recovers, and adds that the new aircraft are also coming in as it steadily sells older ones and returns leased aircraft.
In June Air India carried 6.5 million passengers, according to a statement from the civil aviation ministry. It had 18% of the market, behind Kingfisher with 24.4% and Jet Airways/JetLite with 23.9%. Air India's load factor was 68% in June.
The airline, which made losses of around 50 billion Indian rupees ($1.02 billion) for the financial year ending 31 March, has asked the Indian government, its owner, for a bail-out.
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MartinS- CLUB
- Messages : 573
Localisation : Ici !
Re: Air India : AI : AIC
AI et le Ministre indien de l'aviation civile demande aux banques de sursoir temporairement aux paiment des intérêts de prêts en cours.
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NEW DELHI -- Air India, the nation's flag carrier, has asked banks to defer existing working capital loans that are due for repayment as part of restructuring steps to trim losses, Civil Aviation Minister Praful Patel said Tuesday.
LOUPO- CLUB
- Messages : 647
Localisation : LA !
Re: Air India : AI : AIC
AI devrait recevoir de l'Inde 500 million USD + d'aide. Paiement des salaires, financement d'avions.
Pas de restrictions pour les Cies étrangères dit M. Patel ( et quid des deux ou trois concurrents indiens ?)
La menace d'annulations de commande continue de planer...
Sur Bloomberg :
July 17 (Bloomberg) -- Air India, the state-run carrier that has $1.5 billion in accumulated losses, is set to get its first government bailout after a slump in air travel left it unable to pay salaries and buy planes.
The airline may receive 25 billion rupees ($513 million) of additional capital from the government, Civil Aviation Minister Praful Patel, 52, said in an interview in New Delhi yesterday.
“We want to infuse equity,” Patel said. “Air India’s equity base is very low.”
The government plans to rescue Air India after a slump in traffic and a doubling of debt pushed it toward a financial crisis. The airline is considering canceling planes and preparing a reorganization plan after delaying June salaries for its 31,000 workers.
Air India will return the money to the government when it goes public, Patel said. The initial share sale could come in a year after the market condition and the airline’s financial health improves, he said.
The airline, which has an equity capital of 1.45 billion rupees, will receive “soft loans” from the government, Patel told parliament on July 14. Air India last month set up a committee to recommend a revival program after the government said any state rescue would be accompanied by restructuring and cost-cutting conditions.
The carrier “will resort to aggressive revenue management,” Patel said.
Defer Repayment
The airline will ask banks to defer working capital loans due for repayment, return some leased aircraft and seek extensions of credit from state-run oil retailers on jet-fuel purchases, Patel said. The carrier will delay or cancel orders placed with aircraft makers, he said.
Air India’s debt more than doubled to 152 billion rupees as of June after it increased loans to pay for 49 of the 111 aircraft it bought from Airbus SAS and Boeing Co.
The carrier had placed orders for 68 planes from Boeing and 43 with Airbus.
The airline will redeploy employees without dismissing any of them, Patel said.
National Aviation Co. of India Ltd., Air India’s parent, had asked for a loan of 27.5 billion rupees and equity infusion of
12.31 billion rupees in the year ended March 31.
There is “no question of any review” on any policy to restrict foreign carriers operating in the country to help Air India,
Patel said.
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Pas de restrictions pour les Cies étrangères dit M. Patel ( et quid des deux ou trois concurrents indiens ?)
La menace d'annulations de commande continue de planer...
Sur Bloomberg :
July 17 (Bloomberg) -- Air India, the state-run carrier that has $1.5 billion in accumulated losses, is set to get its first government bailout after a slump in air travel left it unable to pay salaries and buy planes.
The airline may receive 25 billion rupees ($513 million) of additional capital from the government, Civil Aviation Minister Praful Patel, 52, said in an interview in New Delhi yesterday.
“We want to infuse equity,” Patel said. “Air India’s equity base is very low.”
The government plans to rescue Air India after a slump in traffic and a doubling of debt pushed it toward a financial crisis. The airline is considering canceling planes and preparing a reorganization plan after delaying June salaries for its 31,000 workers.
Air India will return the money to the government when it goes public, Patel said. The initial share sale could come in a year after the market condition and the airline’s financial health improves, he said.
The airline, which has an equity capital of 1.45 billion rupees, will receive “soft loans” from the government, Patel told parliament on July 14. Air India last month set up a committee to recommend a revival program after the government said any state rescue would be accompanied by restructuring and cost-cutting conditions.
The carrier “will resort to aggressive revenue management,” Patel said.
Defer Repayment
The airline will ask banks to defer working capital loans due for repayment, return some leased aircraft and seek extensions of credit from state-run oil retailers on jet-fuel purchases, Patel said. The carrier will delay or cancel orders placed with aircraft makers, he said.
Air India’s debt more than doubled to 152 billion rupees as of June after it increased loans to pay for 49 of the 111 aircraft it bought from Airbus SAS and Boeing Co.
The carrier had placed orders for 68 planes from Boeing and 43 with Airbus.
The airline will redeploy employees without dismissing any of them, Patel said.
National Aviation Co. of India Ltd., Air India’s parent, had asked for a loan of 27.5 billion rupees and equity infusion of
12.31 billion rupees in the year ended March 31.
There is “no question of any review” on any policy to restrict foreign carriers operating in the country to help Air India,
Patel said.
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Virgile- CLUB
- Messages : 1932
Re: Air India : AI : AIC
Alit....pardon, Air India semble accumuler les bonnes nouvelles. M. Patel, le Ministre, doit débrouiller tout ça pour le national flagship. Le président de l'IATA rappelait l'an dernier que l'époque des national flagship était révolue...
Maintenant les indemnités de compensations pour des reports et/ou annulations A et B.
Un paragraphe sur la différence de charges carburants par comparaison avec les cies privées.
IndiaTimes :
MUMBAI: Air India, the national carrier and the country’s largest by fleet size, may have to pay a penalty of Rs 125 crore to Boeing and Airbus for deferring and cancelling earlier orders for buying aircraft from the two international companies.
A total of 70 aircraft from Boeing and Airbus will be deferred and a few orders will be cancelled, according to two people close to the development, resulting in a penalty of about Rs 125 crore.
Air India will also stand to lose Rs 15-20 crore additionally as interest, because National Aviation Co of India (Nacil),
the holding company for the carrier, had made pre-delivery payments to Airbus and Boeing. All these aircraft was supposed to be added to Air India’s fleet by 2011 and now will be deferred till 2015, the persons added. When contacted, an Air India spokesperson said the company would inform once a decision is taken. An Airbus spokesperson said delivery timetables and other contractual issues with customers are confidential.
The Air India penalty payment comes at a time when Tata Motors is also likely to pay Rs 300 crore for JLR’s breach of a raw material purchase contract with Ford. As in all contracts, when carriers sign aircraft purchase agreements with manufacturers such as Boeing and Airbus, there are penalty clauses, if the purchaser fails to pay or if there is any
deferment in the order. With Air India currently passing through one of its most trying times, the company has decided to defer and cancel few future deliveries, triggering the penalty clause.
“The cancellation and deferment will happen in phases,” said one Air India official. “In the first phase, the company has delayed purchase of seven Boeings, which otherwise would have seen a payment of about Rs 8,000 crore. Next, the company may defer 15 new Airbus planes, which were scheduled to be inducted toward the end of fiscal 2010,” the official added.
Air India had placed orders for a total of 111 aircraft — 68 from Boeing and 43 from Airbus SAS — valued at Rs 50,000 crore for its fleet replacement and expansion programme in 2005. Currently, it has a fleet of 155 aircraft. Air India has paid Rs 8,000 crore for purchase of 24 aircraft, while Indian Airlines has purchased 24 aircraft at a cost of Rs 4,738 crore in the past three years. In the past two years, Air India has inducted 11 Boeing 777s and 15 Boeing 737-800s for its international routes. Nacil, formed after the merger of Air India and Indian Airlines, has accumulated losses of Rs 7,200 crore till March 2009. This is more than 10 times the losses Air India posted in 2006-07, before the merger. It has a workin g capital overdraft of Rs 15,000 crore, while fuel and manpower cost is about 60% of its total cost, against 45% in the case of private airlines.
Civil aviation minister Praful Patel said Air India has adopted various measures to improve its financial position, including rescheduling or cancellation of future aircraft deliveries and routes rationalisation.
“It makes sense to defer and cancel future deliveries, as many of Air India planes are not flying to their full capacities after the recession,” said an analyst with domestic brokerage firm.
The domestic airline industry is estimated to have lost Rs 10,000 crore in 2008-09, mainly on account of high fuel prices, excess capacity, poor load factor and irrational pricing. Globally, airline losses may total $9 billion this year, nearly double a previous forecast, according to the International Air Transport Association.
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Maintenant les indemnités de compensations pour des reports et/ou annulations A et B.
Un paragraphe sur la différence de charges carburants par comparaison avec les cies privées.
IndiaTimes :
MUMBAI: Air India, the national carrier and the country’s largest by fleet size, may have to pay a penalty of Rs 125 crore to Boeing and Airbus for deferring and cancelling earlier orders for buying aircraft from the two international companies.
A total of 70 aircraft from Boeing and Airbus will be deferred and a few orders will be cancelled, according to two people close to the development, resulting in a penalty of about Rs 125 crore.
Air India will also stand to lose Rs 15-20 crore additionally as interest, because National Aviation Co of India (Nacil),
the holding company for the carrier, had made pre-delivery payments to Airbus and Boeing. All these aircraft was supposed to be added to Air India’s fleet by 2011 and now will be deferred till 2015, the persons added. When contacted, an Air India spokesperson said the company would inform once a decision is taken. An Airbus spokesperson said delivery timetables and other contractual issues with customers are confidential.
The Air India penalty payment comes at a time when Tata Motors is also likely to pay Rs 300 crore for JLR’s breach of a raw material purchase contract with Ford. As in all contracts, when carriers sign aircraft purchase agreements with manufacturers such as Boeing and Airbus, there are penalty clauses, if the purchaser fails to pay or if there is any
deferment in the order. With Air India currently passing through one of its most trying times, the company has decided to defer and cancel few future deliveries, triggering the penalty clause.
“The cancellation and deferment will happen in phases,” said one Air India official. “In the first phase, the company has delayed purchase of seven Boeings, which otherwise would have seen a payment of about Rs 8,000 crore. Next, the company may defer 15 new Airbus planes, which were scheduled to be inducted toward the end of fiscal 2010,” the official added.
Air India had placed orders for a total of 111 aircraft — 68 from Boeing and 43 from Airbus SAS — valued at Rs 50,000 crore for its fleet replacement and expansion programme in 2005. Currently, it has a fleet of 155 aircraft. Air India has paid Rs 8,000 crore for purchase of 24 aircraft, while Indian Airlines has purchased 24 aircraft at a cost of Rs 4,738 crore in the past three years. In the past two years, Air India has inducted 11 Boeing 777s and 15 Boeing 737-800s for its international routes. Nacil, formed after the merger of Air India and Indian Airlines, has accumulated losses of Rs 7,200 crore till March 2009. This is more than 10 times the losses Air India posted in 2006-07, before the merger. It has a workin g capital overdraft of Rs 15,000 crore, while fuel and manpower cost is about 60% of its total cost, against 45% in the case of private airlines.
Civil aviation minister Praful Patel said Air India has adopted various measures to improve its financial position, including rescheduling or cancellation of future aircraft deliveries and routes rationalisation.
“It makes sense to defer and cancel future deliveries, as many of Air India planes are not flying to their full capacities after the recession,” said an analyst with domestic brokerage firm.
The domestic airline industry is estimated to have lost Rs 10,000 crore in 2008-09, mainly on account of high fuel prices, excess capacity, poor load factor and irrational pricing. Globally, airline losses may total $9 billion this year, nearly double a previous forecast, according to the International Air Transport Association.
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Ramjet2- CLUB
- Messages : 294
Localisation : P
Re: Air India : AI : AIC
Des subsides...ou subventions. En tout cas : besoin urgent de liquidités.
Adieu à la commande d' A 380, soyons réalistes.
Pour l'instant, il faut dégager les avions dont la location revient trop cher. Mais..nous seulement ce n'est pas le seul problème, mais les lessors ne sont pas vraiment du même avis
Pour information, 1 EUR=68.2128 INR ou 0.0147 EUR=1 INR
Times of India :
NEW DELHI: Cash-strapped Air India-Indian Airlines has sought an immediate [Vous devez être inscrit et connecté pour voir ce lien] of about Rs 10,000 crore from the
government along with an annual equity infusion of Rs 2,500-3,000 crore for the next four to five years, which will be linked to the induction of new aircraft into its fleet, sources said.
In all, the tottering airline on Saturday projected a requirement of almost Rs 20,000 crore, roughly the size of Delhi
state's annual [Vous devez être inscrit et connecté pour voir ce lien], over the next five years.
The assistance was sought during a presentation to the committee of secretaries (CoS), which is headed by cabinet secretary K M Chandrasekhar. The finance ministry has now been asked to determine the extent of help AI should get, once it prepares a detailed plan, to be reviewed by the CoS in a month's time.
Aviation minister Praful Patel told TOI that the initial equity infusion would be limited to Rs 2,000-2,500 crore. The government may make only a partial contribution. The balance will be raised from the market via the IPO route at a
later date, he said. Patel assured that the equity sought from the government would be kept low. AI is also learnt to be looking at an immediate soft loan of about Rs 10,000 crore from the government.
The airline currently has an equity base of Rs 145 crore. The merged airline, National Aviation Company of India Ltd (NACIL), accumulated losses of Rs 7,200 crore till March. The AI-IA combine is to receive 111 new aircraft worth $11
billion (list price) to replace decades-old planes in its fleet. Until now, 51 new planes worth $4 billion have joined the fleet. But the slowdown, which has hit all airlines, has affected the already struggling AI particularly badly and it needs a massive cash infusion to stay in the skies.
So, armed with a plan for cost-cutting and revenue enhancement, AI chief Arvind Jadhav met the CoS to seek a bailout. The CoS, which includes the finance and aviation secretaries Ashok Chawla and M M Nambiar, was set up to examine issues related to the national carrier after Prime Minister Manmohan Singh met Patel last month.
Making a presentation to the committee of secretaries (CoS) on Saturday to get bailout funds may be the easy part for National Aviation Company of India Ltd (NACIL) — the Air India-Indian Airlines combine. For, cost-cutting moves like salary slashing, returning of expensive planes and creating new revenue generating streams, admit top officials, will be an uphill task.
However, it was made abundantly clear to NACIL that any [Vous devez être inscrit et connecté pour voir ce lien] help from the government will come, if and only if, NACIL is able to convince it about two things — it has a plan, and more importantly, that it can implement it. Also, any assistance from the government would have to be matched by an aggressive cost reduction, including a drastic cut on salaries, and a better revenue management by NACIL and that it must come up with a concrete cost reduction proposal.
Significantly, the CoS decided that NACIL would appoint a cost auditor immediately to monitor, review and ensure that the cost reduction and operational efficiencies are effected, a statement issued by the aviation ministry after the CoS meeting revealed.
On the salary front, AI and IA give their 31,000-odd employees performance-linked incentives (PLI), which comprises almost 60-80% of their overall pay package at senior levels. NACIL has an annual wage bill of Rs 3,100 crore for its 31,000 employees, with PLI accounting for almost half the salary expense. Now, AI is trying to cut the PLI but reaching an agreement with unions could be more difficult than pruning some staff through leave without pay or VRS routes.
During the Saturday meeting, NACIL chief Arvind Jadhav told the CoS that the airline needs the new aircraft to compete in market. With a price tag of $11 billion, these new planes will mean a huge repayment liability for the cash-strapped airline.
‘‘We currently have over 40 leased planes that were taken on very high rentals in a period when air traffic was booming, aircraft were in short supply and lease rentals were high. The monthly lease bill is about Rs 100 crore. These
planes will be returned but in this depressed [Vous devez être inscrit et connecté pour voir ce lien], the aircraft owners are not willing to terminate leases easily as they may not be able to find takers for these planes after getting them back,’’ said a senior official.
The idea is to [Vous devez être inscrit et connecté pour voir ce lien] on lease dole outs and, instead, use that for paying for the new planes that would also be very fuel efficient unlike the old rented ATF guzzlers. But getting the companies to take the planes back is going to be a huge challenge. A leased Boeing 777, for instance, has a monthly rental of $9 lakhs.
During the two-hour meeting, a presentation was made to the committee of secretaries (CoS), which is headed by cabinet secretary K M Chandrasekhar by the ministry and SBI Caps on financial restructuring, which basically means
cost-cutting and enhancing revenue. T
The airline also told the panel that it needed new aircraft to phase out the old ones in its fleet in order to compete. NACIL said it will reduce its annual wage bill of Rs 3,100 crore by finding a low-cost alternative to the performance-linked incentive that employees get and which accounts for nearly half of the total salary bill.
The CoS asked NACIL to immediately appoint a cost auditor. They have presented an annual cost-cutting plan but that was not specific. AI has to come up with a more detailed plan, possibly with quarterly benchmarks, whose progress can be monitored.
[Vous devez être inscrit et connecté pour voir ce lien]
Adieu à la commande d' A 380, soyons réalistes.
Pour l'instant, il faut dégager les avions dont la location revient trop cher. Mais..nous seulement ce n'est pas le seul problème, mais les lessors ne sont pas vraiment du même avis
Pour information, 1 EUR=68.2128 INR ou 0.0147 EUR=1 INR
Times of India :
NEW DELHI: Cash-strapped Air India-Indian Airlines has sought an immediate [Vous devez être inscrit et connecté pour voir ce lien] of about Rs 10,000 crore from the
government along with an annual equity infusion of Rs 2,500-3,000 crore for the next four to five years, which will be linked to the induction of new aircraft into its fleet, sources said.
In all, the tottering airline on Saturday projected a requirement of almost Rs 20,000 crore, roughly the size of Delhi
state's annual [Vous devez être inscrit et connecté pour voir ce lien], over the next five years.
The assistance was sought during a presentation to the committee of secretaries (CoS), which is headed by cabinet secretary K M Chandrasekhar. The finance ministry has now been asked to determine the extent of help AI should get, once it prepares a detailed plan, to be reviewed by the CoS in a month's time.
Aviation minister Praful Patel told TOI that the initial equity infusion would be limited to Rs 2,000-2,500 crore. The government may make only a partial contribution. The balance will be raised from the market via the IPO route at a
later date, he said. Patel assured that the equity sought from the government would be kept low. AI is also learnt to be looking at an immediate soft loan of about Rs 10,000 crore from the government.
The airline currently has an equity base of Rs 145 crore. The merged airline, National Aviation Company of India Ltd (NACIL), accumulated losses of Rs 7,200 crore till March. The AI-IA combine is to receive 111 new aircraft worth $11
billion (list price) to replace decades-old planes in its fleet. Until now, 51 new planes worth $4 billion have joined the fleet. But the slowdown, which has hit all airlines, has affected the already struggling AI particularly badly and it needs a massive cash infusion to stay in the skies.
So, armed with a plan for cost-cutting and revenue enhancement, AI chief Arvind Jadhav met the CoS to seek a bailout. The CoS, which includes the finance and aviation secretaries Ashok Chawla and M M Nambiar, was set up to examine issues related to the national carrier after Prime Minister Manmohan Singh met Patel last month.
Making a presentation to the committee of secretaries (CoS) on Saturday to get bailout funds may be the easy part for National Aviation Company of India Ltd (NACIL) — the Air India-Indian Airlines combine. For, cost-cutting moves like salary slashing, returning of expensive planes and creating new revenue generating streams, admit top officials, will be an uphill task.
However, it was made abundantly clear to NACIL that any [Vous devez être inscrit et connecté pour voir ce lien] help from the government will come, if and only if, NACIL is able to convince it about two things — it has a plan, and more importantly, that it can implement it. Also, any assistance from the government would have to be matched by an aggressive cost reduction, including a drastic cut on salaries, and a better revenue management by NACIL and that it must come up with a concrete cost reduction proposal.
Significantly, the CoS decided that NACIL would appoint a cost auditor immediately to monitor, review and ensure that the cost reduction and operational efficiencies are effected, a statement issued by the aviation ministry after the CoS meeting revealed.
On the salary front, AI and IA give their 31,000-odd employees performance-linked incentives (PLI), which comprises almost 60-80% of their overall pay package at senior levels. NACIL has an annual wage bill of Rs 3,100 crore for its 31,000 employees, with PLI accounting for almost half the salary expense. Now, AI is trying to cut the PLI but reaching an agreement with unions could be more difficult than pruning some staff through leave without pay or VRS routes.
During the Saturday meeting, NACIL chief Arvind Jadhav told the CoS that the airline needs the new aircraft to compete in market. With a price tag of $11 billion, these new planes will mean a huge repayment liability for the cash-strapped airline.
‘‘We currently have over 40 leased planes that were taken on very high rentals in a period when air traffic was booming, aircraft were in short supply and lease rentals were high. The monthly lease bill is about Rs 100 crore. These
planes will be returned but in this depressed [Vous devez être inscrit et connecté pour voir ce lien], the aircraft owners are not willing to terminate leases easily as they may not be able to find takers for these planes after getting them back,’’ said a senior official.
The idea is to [Vous devez être inscrit et connecté pour voir ce lien] on lease dole outs and, instead, use that for paying for the new planes that would also be very fuel efficient unlike the old rented ATF guzzlers. But getting the companies to take the planes back is going to be a huge challenge. A leased Boeing 777, for instance, has a monthly rental of $9 lakhs.
During the two-hour meeting, a presentation was made to the committee of secretaries (CoS), which is headed by cabinet secretary K M Chandrasekhar by the ministry and SBI Caps on financial restructuring, which basically means
cost-cutting and enhancing revenue. T
The airline also told the panel that it needed new aircraft to phase out the old ones in its fleet in order to compete. NACIL said it will reduce its annual wage bill of Rs 3,100 crore by finding a low-cost alternative to the performance-linked incentive that employees get and which accounts for nearly half of the total salary bill.
The CoS asked NACIL to immediately appoint a cost auditor. They have presented an annual cost-cutting plan but that was not specific. AI has to come up with a more detailed plan, possibly with quarterly benchmarks, whose progress can be monitored.
[Vous devez être inscrit et connecté pour voir ce lien]
Alphajet- CLUB
- Messages : 1665
Re: Air India : AI : AIC
Bonjour,
Nouvelle perturbation chez Air India. Diminution du bonus de productivité pour les pilotes, au moins puisqu'une vague d'arrêts maladie provoque des annulations de vols.
Où ont-ils été chercher çà ? [Vous devez être inscrit et connecté pour voir cette image]
La Cie est déjà dans une bien mauvaise passe. M. PATEL avait déjà déclaré qu'il n'était pas question de diminuer les taxations sur l'ATF, mais çà c'est pour toutes les compagnies Indiennes.
Nouvelle perturbation chez Air India. Diminution du bonus de productivité pour les pilotes, au moins puisqu'une vague d'arrêts maladie provoque des annulations de vols.
Les vols d'Air India perturbés par les protestations des pilotes
NEW DELHI, 26 sept 2009 (AFP)
La compagnie aérienne indienne Air India a indiqué que plusieurs de ses vols étaient perturbés samedi après que certains pilotes se sont déclarés en maladie pour protester contre la décision de la compagnie de
réduire les bonus de productivités.
2009 AFP
[Vous devez être inscrit et connecté pour voir ce lien]
Où ont-ils été chercher çà ? [Vous devez être inscrit et connecté pour voir cette image]
La Cie est déjà dans une bien mauvaise passe. M. PATEL avait déjà déclaré qu'il n'était pas question de diminuer les taxations sur l'ATF, mais çà c'est pour toutes les compagnies Indiennes.
Swift60- CLUB
- Messages : 2628
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