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India's 'Warren Buffett' plans airline foray | News

India's 'Warren Buffett' plans airline foray | News
flightglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from flightglobal.com Daily Mail and Mail on Sunday newspapers.

India , Rakesh-jhunjhunwala , Varun-ginodia , Warren-buffett , Aditya-ghosh , Vinay-dube , Bloomberg , Jet-airways , Airasia-india , இந்தியா , ராகேஷ்-ஜுன்ஜுன்வாலா , வருண்-ஜினோடியா

EY finalises valuation process for Air India, bids to be in by mid-Sept

EY finalises valuation process for Air India, bids to be in by mid-Sept
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Cochin , Kerala , India , United-states , Delhi , Mumbai , Maharashtra , France , Singapore , French , American , Spicejet-ajay-singh

Spectre of third Covid-19 wave haunts Indian traffic recovery

Spectre of third Covid-19 wave haunts Indian traffic recovery
flightglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from flightglobal.com Daily Mail and Mail on Sunday newspapers.

Mumbai , Maharashtra , India , New-delhi , Delhi , Varun-ginodia , Ansuman-deb , Johns-hopkins-university , India-ministry-of-civil-aviation , Spicejet , Civil-aviation , Directorate-general

Tata Sons, Singapore Airlines invest ₹465 crore in Vistara - The Hindu BusinessLine


Tata Sons, Singapore Airlines invest ₹465 crore in Vistara
May 13, 2021
The funding has been made into Tata Sia Airlines Limited, the operating company of Vistara
Tata Sons and Singapore Airlines have invested ₹465 crore in their Indian joint venture airline Vistara.
According to financial data accessed by the business intelligence platform, Tofler, the investments have been made against 46.5 crore new shares in the airline. While Tata Sons has pumped in ₹237 crore for 23.7 crore shares, Singapore Airlines has invested ₹228 crore.
The funding has been made into Tata Sia Airlines Limited, the operating company of Vistara.
The fresh equity infusion comes at a time when the aviation industry is struggling to stay afloat due to the travel restrictions across the country. Additionally, according to India Ratings, 2021 has brought to the fore three new challenges to contend with — higher fuel expenses, rising competition and the flight for market share.

India , Singapore , Varun-ginodia , Singapore-airlines , Tata-sia-airlines , Tata-sons , Tata-sia-airlines-limited , India-ratings , Ambit-capital , Vistara , Investment , Fund-infusion

Pandemic delayed aviation sector recovery by 6 months - The Hindu BusinessLine


Pandemic delayed aviation sector recovery by 6 months
May 06, 2021
Higher fuel prices, lower yields reasons for setback
The Indian aviation industry is staring at sustained headwinds as Covid-19 cases are rising in India. Aviation experts said that the recovery will be delayed by six months. Higher fuel prices, lower yields, and tough competition are likely to pose obstacles for the airline industry.
So far, at least 15 countries have banned flights to and from India amid rising cases, while others have issued fresh travel norms for Indians. Back home, several States have imposed stringent rules amid rising cases.
Centrum Broking has corrected its forecast of recovery. Ashish Shah, Senior Research Analyst at Centrum Broking said, “The industry recovery forecast is likely to reach only 75 per cent of pre-Covid levels in FY22 as against 85 per cent earlier recovery that was expected.” India Ratings and Research has said that the recovery in domestic and international travel has been delayed by three and six months, respectively.

India , Ashish-shah , Varun-ginodia , Koushik-jagathalaprathaban , Air-india , Jet-airways , Senior-research-analyst-at-centrum-broking , Senior-research-analyst , Centrum-broking , Aviation-turbine-fuel , இந்தியா , ஆஷிஷ்-ஷா

Soaring Covid-19 cases hit Indian airline recovery


By Greg Waldron2021-04-21T06:56:00+01:00
Rocketing coronavirus cases are hitting Indian airlines hard, with the much-watched daily average passenger metric one-third off a recent high seen in March.
According to India’s Ministry of Civil Aviation, 19 April saw 170,000 domestic passengers flying. This is down from the roughly 280,000 who flew on 21 March, and well off the over 400,000 domestic travellers Indian airlines regularly carried on a typical day before the pandemic.
Source: Wikimedia Commons
FlightGlobal also understands that domestic bookings in India are down 30-40% across all airlines.
In a research update, ICICI Securities notes that the average daily domestic passengers fell to just 193,000 for the week ended 17 April, down from 232,000 a week earlier.

India , Varun-ginodia , Johns-hopkins-university , Air-india , Air-india-express , Tata-group , India-ministry-of-civil-aviation , Spicejet , Civil-aviation , Airasia-india , இந்தியா , வருண்-ஜினோடியா

For Tatas, Chandra's 5th year at the helm may be best yet - The Hindu BusinessLine


For Tatas, Chandra’s 5th year at the helm may be best yet
N Chandrasekaran   -  PAUL NORONHA×
Out of over ₹8.6-lakh cr market cap added over 4 years, 85% has come from TCS, Tata Motors, Tata Steel and Titan
When N Chandrasekaran took charge of Tata Sons in 2017, he had spelt out three broad areas of focus — bringing the group closer together under ‘One Tata’ strategy, driving operating performances, and enabling greater rigour to capital allocation policies. Four years on, Chandra has laid the foundation for Tata group’s next phase of growth with a number of big-ticket moves including the rollout of its e-commerce super-app platform, a big thrust to the electric vehicle segment, healthcare, and high-tech manufacturing.

India , Mitul-shah , Varun-ginodia , Rajesh-kurup , Suraj-ghosh , Puneet-chatwal , Achin-khanna , Suresh-iyengar , Rukshad-davar , Gaurav-garg , Koushik-jagathalaprathaban , Head-of-research

Potential Air India-Tata deal raises hopes of consolidation in aviation


Potential Air India-Tata deal raises hopes of consolidation in aviation
Photo: MintPremium
Tatas’ seemingly complex structures with existing partners may make the AI takeover challenging
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The Air India Ltd sale is finally showing signs of taking off. Multiple expressions of interest have been received for the strategic disinvestment of the airline, the government said on Monday. While the identity of all bidders hasn’t been revealed, news reports suggest the Tata group and a consortium involving Air India employees are among the suitors.
With the Tata group already having established its presence in the aviation sector, there are some hopes of consolidation in the industry if it is successful with its bid. Varun Ginodia, an analyst with Ambit Capital Pvt. Ltd, said, “The likely acquisition of Air India by the Tata group is positive in the long run as it paves way for consolidation."

India , Singapore , Varun-ginodia , Airasia-berhad , Mahantesh-sabarad , Airasia , Air-deccan , Air-india-express , Air-sahara , Singapore-airlines-ltd , Air-india , Kingfisher-airline