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Old June 1st, 2005, 07:29 PM   #161
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Air India Chairman: 'Good Guess' For IPO Is Dec, Jan
By James Simms
31 May 2005

TOKYO (Dow Jones)--The chairman and managing director of Air India (AIN.YY) said Tuesday an initial public offering of stakes in the state-owned carrier may take place in December of this year or January 2006.

V. Thulasidas said the flagship airline is currently looking for a financial adviser to help put together the equity stake sale, but said he didn't know how much cash the IPO would raise.

"I believe something like December or January should be a good guess as a possible timeframe" for the IPO, he told Dow Jones Newswires and CNBC Asia-Pacific in an interview.

"That will take perhaps 20% to 25% of the equity, but again this is something on which we would like to get the advice of the advisers that we are appointing. But I don't foresee any serious difficulty in getting the government's clearance," he added. [ 31-05-05 1408GMT ]

Asked whether a successful IPO would lead to further share sales, Thulasidas said "It's too early to say that."

With Indian's air travel market booming, he said the carrier has been expanding capacity - measured in available-seat-kilometers - by over 30% a year in the last two to two-and-a-half years.

"I think this is the right time for growth and the IPO," he said. "This growth and the IPO go hand in hand."

He said there is enormous room to expand, noting the Indian railway system transports more people in one day than all the Indian airlines carry in one year. Only 14 million Indians - a tiny fraction of the country's billion-plus population - fly each year.

While the market is expanding by between 20% to 25% a year, Thulasidas said the carrier has lagged in buying planes.

"For about 10 years plus, Air India wasn't buying planes, was not adding to capacity while the market was growing. The market was being captured by other airlines. So growth is a must for Air India," he said.

Last month, Air India announced plans to order 50 mid-sized, long-range 787 Dreamliner aircraft from Boeing Co. (BA) for $6.8 billion.

The chairman said the airline will consider further expansion of its fleet in two to three years, including looking at the Boeing 747 Advanced and the Airbus 555-seat A380 superjumbo.

Thulasidas was in Tokyo for the International Air Transport Association's annual general meeting.
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Old June 2nd, 2005, 03:18 AM   #162
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India's Jet gets govt OK for extra US flights

BOMBAY, June 1 (Reuters) - India's biggest domestic airline, Jet Airways India Ltd. , told the Bombay exchange on Wednesday it had received permission from the Indian government to operate four additional services a week to the United States.

Bombay-based Jet said it could now operate seven flights a week from Bombay to Newark via Brussels, instead of three flights.

"There is a lot of demand in this sector, and a daily product obviously gives us a bigger advantage," said a company official. Shares in Jet, which expects its international routes to account for 10-15 percent of its turnover this year, ended flat at 1,343.95 rupees in a flat Bombay market.

Jet, which has a 43 percent share of the domestic market, began flying to Singapore and Kuala Lumpur recently, and added a London service last month. It will begin flying to Newark later this month, the official said.
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Old June 6th, 2005, 07:17 PM   #163
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Monday June 6, 9:49 PM
India's Jet Airways to sue American firm over allegations that it has al-Qaida links

AP - Private Indian airline Jet Airways said it will sue an American firm with a similar name for alleging it has ties to the al-Qaida terror network, a senior company official said Monday.

"We plan to take legal action against this company ...The allegations are outrageous and scurrilous," Executive Director Saroj Datta told reporters in Bombay, India's financial hub. The Indian airline is scheduled to launch its U.S. operations on June 23 with a flight from Bombay to Newark, New Jersey via Brussels.

Maryland-based Jet Airways Inc. had alleged that the Indian airline laundered money for the terror group and that it was funded by Dawood Ibrahim, India's most wanted gangster and a branded global terrorist by the United States, Datta said. He said his company had already filed a reply to the U.S. Department of Transportation on the allegations.

Datta also dismissed the American firm's claim before the U.S. Patent and Trademark Office to the Jet Airways trademark, which it said it had been using since Dec. 1, 2002.

The Indian airline has been using the name since 1995 in advertisements and publicity material in the U.S., Datta said.

He said investigations had showed the American firm was a shell company with no official base of business and a single office in Maryland. "Jet Airways Inc. is not a certified airline ... It has no business activity of any sort, forget airline activity."

India's Jet Airways, which began operating in 1993, operates more than 275 flights daily to some 47 destinations. The airline began international operations last year with flights to Colombo, Sri Lanka and Katmandu, Nepal.

The carrier began flying to destinations outside South Asia from April, with flights currently to Singapore, Kuala Lumpur and London.
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Old June 7th, 2005, 06:40 AM   #164
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UPDATE 1-India's Air Deccan mulls $250-300 mln IPO
By Shailendra Bhatnagar

NEW DELHI, June 6 (Reuters) - Indian no-frills airline Air Deccan Ltd. plans to raise about $250-300 million to fund its expansion plans by offloading about a 25 percent stake through an initial public offering, the chairman said on Monday.

The budget carrier, which offers tickets for as little as a rupee, was launched more than a year ago hoping to lure thousands of rail travellers with its rockbottom rates.

"There is an unimaginable shift in consumer spending towards air travel," Gorur Ramaswamy Gopinath told reporters. "We'll carry 4 million passengers in 2005/06."

India's newly deregulated aviation sector is forecast to grow 20 percent a year over the next five years as budget carriers draw in rail passengers in a country where less than a percent of the billion plus people travel by air each year.

Gopinath, a former army officer who switched from silk farming to launch a successful helicopter charter in 1995 that paved the way for a regular passenger airline, said the company would float a public offering between Nov. 2005 and June 2006.

He said the number of aircraft in Deccan's fleet would increase to 29 by March from 18 and the firm's revenue in 2005/06 would surge to 10 billion rupees ($230 million) from 3.5 billion a year ago.

The airline keeps costs in check by offering tickets through the Internet.

"We'll be definitely in a profit -- (but) it will be a marginal profit because of uncertainty on oil prices. The IPO is for fleet acquisition and enhancing our engineering and operational capabilities."

Fuel accounts for about a third of Air Deccan's ticket prices.

Air Deccan competes with larger players such as Jet Airways , state-run Indian Airlines Ltd. and privately-held Air Sahara Ltd. as well as another budget carrier, Kingfisher Airlines, run by India's top brewer United Breweries Ltd. .

Air Deccan carried 1.1 million passengers last year while Jet ferried 7.9 million and state-run Indian Airlines Ltd. carried 7.6 million travellers.

Gopinath said up to 40 percent of Air Deccan's passengers were flying by air for the first time.

Several business houses are planning to launch air services in India attracted by the growth potential in the sector which has seen a series tax cuts and government initiatives on improving infrastructure.

Earlier this year, Jet Airways made a sterling debut on the stock markets after its $435 million stock offering was heavily oversubscribed. ($1 = 43.55 rupees)
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Old June 7th, 2005, 09:18 AM   #165
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LOT from Poland will restart services to India. It will start 3 weekly service to Delhi from October, using a Boeing 767 aircraft.
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Old June 7th, 2005, 04:51 PM   #166
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A-I to start direct flights to KL, S'pore

http://indianexpress.com/full_story....ntent_id=71810
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Old June 8th, 2005, 05:30 AM   #167
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Mumbai-London air traffic up 60%
7 June 2005
The Times of India

MUMBAI: If there is one aviation sector which was big and has suddenly got bigger, it's the Mumbai-London sector. Till recently, the sector faced a dearth of seats during summer, the peak season.

But with three new airlines launching direct flights between Mumbai and London in the last two months, booking tickets three weeks in advance has now become a thing of the past.

The growth in passenger traffic in this sector took off after the British government launched immigration initiatives in January this year aimed at attracting highly qualified Indians, says Ketan Juvekar, chairman (western region) of the Travel Agents Association of India. "Last summer, the daily passenger traffic between Mumbai and London was about 2,500 (excluding passengers on European airlines other than British Airways), this summer it can safely be estimated to be about 4,000," he adds.

The increase in passenger traffic has been rivalled only by the increase in flights in the Mumbai-London sector. Competition, which once revolved around BA and Air-India, has become multi-dimensional with the emergence of the new players.

The rush to Mumbai is apparent as this city has more premium class fliers than Delhi (the business class cabins of British Airways-the prominent player on this route-are bigger in aircraft taking off from Mumbai as compared to Delhi).

Virgin Atlantic launched three Mumbai-London flights a week in April, followed by BMI with four flights a week and Jet Airways with seven flights a week in May. "We are aiming to fly daily flights on this sector," says a Virgin Atlantic executive.

British Airways will add one more flight, apart from the daily one that leaves in the wee hours of the morning. "It will be a daytime flight and will give passengers the convenience to choose when they want to fly," says a British Airways official.

But if the industry observers are to be believed, it's not the traditional fliers to London-BA and AI-who have begun losing passengers. "Till recently, 50 per cent of passenger traffic to London went via Gulf countries," says Sundeep Kapadia, director of a travel agency.
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Old June 8th, 2005, 03:45 PM   #168
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India-Canada flights to increase five-fold under new bilateral air pact

NEW DELHI, June 8 (AFP) - India and Canada have agreed to boost passenger flights five-fold between the two countries as part of a pact liberalising bilateral air transport, a statement Wednesday said.

"This new arrangement will allow airlines of Canada and India to better meet the needs of the travelling public, including the business community," Canada's Transport Minister Jean-C. Lapierre said in the statement released by the Canadian High Commission in New Delhi.

The new agreement represents a major shakeup of bilateral air links and comes amid growing demand for flights between India and Canada which has a large number of citizens who are of Indian origin.

Under the deal, weekly capacity for passenger services will increase five-fold to 35 round-trip flights for each country from an earlier limit of seven.

Each country can also designate as many carriers as it wishes for flights between Canada and India unlike before when the number of carriers were capped.

Indian airlines can serve Edmonton, Vancouver and two other cities named by India in addition to Montreal and Toronto, the cities to which they were originally limited.

Canadian carriers in turn can serve the cities of Bangalore, Chennai, Madras, Hyderabad as Kolkata well as Mumbai and Delhi, the two cities to which they previously only had access.

Airlines of both countries can take advantage of new code-sharing provisions under which a carrier sells seats in its name on the flights of another airline. Before, no such flexible marketing arrangements were allowed.

Canadian and Indian officials will meet again in 2007 or earlier if required to ensure arrangements keep pace with travel and commercial needs in light of the potential for fast expansion of the Canada-India air tranpsport market, the statement said.
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Old June 8th, 2005, 07:40 PM   #169
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thats nice

i guess the NRIs in Toronto are happy now
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Old June 8th, 2005, 07:42 PM   #170
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^ O hyeah they are .
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Old June 10th, 2005, 01:43 AM   #171
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INTERVIEW-India's Go Air aims to drag fares down to earth
By Rina Chandran

BOMBAY, June 9 (Reuters) - Low-cost Indian airlines can transform the industry by bringing prices down to earth, much like mobile phone service providers have done in India and cheap airlines did abroad, according to the head of a new carrier.

Go Air, owned by the Bombay-based Wadia family, will launch by October in an already crowded Indian market, offering prices in line with air-conditioned train fares, or perhaps cheaper.

"Aviation's been a premium sector, limited to just a certain section of people," Jeh Wadia told Reuters in an interview on Thursday. "Our responsibility is to commoditise it."

About 19 million people travelled by air in India in the fiscal year to March, according to the Asia-Pacific Centre for Aviation, compared with 15 million who ride the trains everyday.

An air fare war has already broken out in India. Air Deccan this week offered flights for 222 rupees ($5), cheaper than the bus, and its web site and call centre were so overwhelmed they shut down. SpiceJet Ltd. , which launched in May, sells tickets for 321 rupees ($7.40).

Kingfisher Airlines Ltd., a subsidiary of India's biggest brewer, the UB Group, also launched in May and undercut premium carriers with Bombay-Bangalore fares of 3,900 rupees ($90).

Go Air fares will start at 1 rupee, perhaps even lower, Wadia said. It will fly in western and southern India with nine leased Airbus A320s, and add 11 more planes in the second year. It will also buy 20 Airbus or Boeing aircraft, with an option for 20 more, and take delivery of them as early as 2007.

The airline aims to be profitable by the end of its first year, and Wadia is exploring options such as private equity investment and an initial public offering to help fund it.

Go Air will be modelled on Ireland's Ryanair , Europe's biggest discount carrier, which hugely expanded Europe's market for flights. But India lacks the secondary airports that Ryanair uses to cut landing and parking fees, Wadia said.

"In India, a low-cost airline can operate at 40 percent lower costs than a full service airline. Abroad, the difference could be as much as 55 to 60 percent," he said.

Go Air Chief Executive Graham Williamson is a former chief operating officer of Slovakia-based budget airline SkyEurope. His opposite number at SpiceJet, Mark Winders, helped launch Canadian discount airline CanJet Airlines, while Kingfisher's Alex Wilcox worked at U.S. discount carrier JetBlue .

The Indian government expects the sector to grow 20 percent annually over the next five years with $20 billion in investment.

Jet Airways had a 43 percent domestic market share last year, and Air Sahara and state-owned Indian Airlines [IA.UL] made up the rest. Nearly a dozen more carriers aim to begin operations in India over the next 12-18 months, but Wadia believes the group's background will give it an edge.

The Wadia group, which started in shipbuilding 250 years ago, is majority owner of textile maker Bombay Dyeing & Manufacturing Ltd. and food firm Britannia Industries Ltd. .

"The Wadia group has fed and clothed Indians for a very long time. The consumer will look at whom to trust when being offered the same product at the same price," Wadia said. ($1=43.5 Indian rupees)
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Old June 15th, 2005, 07:48 AM   #172
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India's Paramount Airways Orders 5 Embraer Air Jets
14 June 2005

PARIS (Dow Jones)--Indian startup airline Paramount Airways has signed preliminary agreements to lease five jets from Brazilian manufacturer Embraer (ERJ).

Paramount is taking two Embraer 170s directly from the manufacturer and will lease three Embraer 175s from GE Commercial Aviation Services, a unit of General Electric Co. (GE) of the U.S. The GECAS aircraft are conversions from an original order for Embraer 170s.

The list price for an Embraer 170 is $26.6 million, while the Embraer 175 is priced at $28.7 million.
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Old June 15th, 2005, 07:52 AM   #173
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Nigeria lifts 18-year ban on Air India
14 June 2005

Excerpt from report by Nigerian newspaper The Guardian website on 14 June

Nigeria has lifted the 18-year ban on Air India. This was sequel to the good gesture from New Delhi, which had earlier granted a Nigerian local carrier - Bellview Airlines - the rights to fly into its airspace.

Under the new Bilateral Air Service Agreement, Bellview will from Monday [20 June] next week operate its maiden flight to Mumbai, India.

The pardon was the aftermath of President Olusegun Obasanjo's state visit to India in 2000 when he promised to grant waiver to Air India.

The airline was barred from flying into Nigeria in 1987 for failing to abide by the rules and regulations guiding the aviation industry, an offence which the aviation minister, Malam Isa Yuguda, described as a security breach.
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Old June 15th, 2005, 10:01 AM   #174
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India's Kingfisher says to buy Airbus planes

BOMBAY, June 14 (Reuters) - India's domestic airline Kingfisher Airlines Ltd. said on Tuesday it would buy "multiple wide-bodied aircraft" from Airbus for about $2.5 billion.

The aircraft would include the jumbo A-380, said a company official, adding that an official announcement would be made on Wednesday at the Paris air show.

Local media reports said the airline, backed by India's biggest brewer, the UB Group, would buy 20 Airbus aircraft, including five A-380s. The official declined to comment on the number of aircraft Kingfisher would buy.

Kingfisher had, last December, signed a deal to buy 10 A-320 aircraft with options for 10 more for $1.8 billion.
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Old June 15th, 2005, 06:44 PM   #175
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Boeing gets $2.8 bln deal with India's Jet Airways

LE BOURGET, France, June 14 (Reuters) - U.S. planemaker Boeing Co. said on Tuesday Indian airline Jet Airways had committed to buy at least 20 planes worth over $2.8 billion at list prices.

The deal includes 10 large twin-engine 777s and 10 of the single-aisle 737-800s.

The airline also took options on buying 10 more of the 777.
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Old June 16th, 2005, 09:01 AM   #176
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16 June 2005

SALE to buy A319 planes, lease to Kingfisher

By Melvin Yong, Channel NewsAsia

SINGAPORE: Singapore Aircraft Leasing Enterprise (SALE) has signed an agreement to buy three Airbus A319 planes and lease them to India's Kingfisher Airlines.

The aircraft will be delivered in December 2005 and January 2006 and will be leased to Kingfisher on a long-term basis.

SALE did not reveal financial terms.

Robert Martin, managing director and chief executive officer of SALE, said the deal with Kingfisher underscored the Singapore-based lessor's success with new airlines in the Asian region.

Mumbai-based Kingfisher Airlines began operations in May this year, flying on key Indian domestic routes. - CNA/ir

Copyright © 2005 MCN International Pte Ltd
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Old June 16th, 2005, 03:20 PM   #177
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Indian budget carrier INDIGO orders 100 Airbus A320 family aircraft

http://events.airbus.com/a380/events...05/prehome.asp

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InterGlobe Enterprises Limited today announced its plans to launch IndiGo, its nation-wide low-cost airline venture. IndiGo has committed for 100 firm A320 family aircraft with Airbus – world renowned for the customer friendly features and comfort of its airliners.

The venture is being jointly promoted by InterGlobe Enterprises Limited and Rakesh Gangwal, globally recognized for his management skills and expertise in the airline industry.

“IndiGo is the result of extensive analysis and planning by very experienced airline executives and we are convinced it will be a successful new player in a market that is both large and fast growing,” says Airbus President and CEO Noël Forgeard. “Airbus A320 Family aircraft have been chosen by many of the world’s new and successful low-cost carriers, and we like to think that our products are making a valuable contribution to their prosperity.”

“The aviation industry in India is on the threshold of the next big revolution and IndiGo is ideally positioned to fill the fast emerging need for reliable, efficient and economical air travel,” says InterGlobe Enterprises Limited Managing Director Rahul Bhatia. “IndiGo will also make a humble yet significant contribution to India’s growth by creating employment opportunities directly and through ancillary services.” Established in 1989, InterGlobe Enterprises is the foremost travel conglomerate in India and enjoys a significant presence in the fields of aviation management, travel related services, travel technology, travel distribution services and hotel development & management services.

“We are pleased with our selection of A320 family aircraft for the launch of IndiGo,” says Rakesh Gangwal “IndiGo will serve the nation’s air travellers with superior customer service and provide great value for money, using Airbus A320 Family aircraft that we have chosen because of their passenger comfort, economy and modern design.” Rakesh Gangwal has been associated with the travel industry since 1980. In his aviation career spanning over two decades, he has worked with United Airlines, Air France and US Airways in senior management positions.
One of the two main promoters is Rakesh Gangwal, who was the CEO of US Airways (fourth largest full-service carrier in the US) between 1998 and 2001.
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Old June 16th, 2005, 04:44 PM   #178
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I really like the name "Indigo"...
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Old June 16th, 2005, 05:35 PM   #179
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The name may not survive however because of copyright issues. Indigo is the name of one of the largest selling sedans in India (designed and built by Tata Motors). Tata Motors is unlikely to allow an airline to use its trademark.

http://indigo.tatamotors.com
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Old June 17th, 2005, 10:01 AM   #180
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India buys half of world's planes

RUMI DUTTA HARDASMALANI

TIMES NEWS NETWORK[ FRIDAY, JUNE 17, 2005 10:38:34 AM ]
MUMBAI: Nine airlines. 350 aircraft. Funding and infrastructure—a big question mark. This sums up the booming Indian aviation sector.

In the last six months, private Indian airline companies have placed orders for 250 aircraft, representing 43 per cent of the total global orders placed with aircraft manfacturers Airbus and Boeing.

Add the 93 planes that national carriers Air-India and Indian Airlines are expected to order, and India's share of the global aircraft market zooms beyond 50 per cent. (Globally, Airbus and Boeing have secured combined orders of 573—Airbus 296 and Boeing 277— compared with 647 in the whole of last year.)

The aviation world stands divided over India's ability to sustain such explosive growth. Noel Forgeard, Airbus president & CEO, is reported to have said at the Paris air show, 'China and India should be the drivers of growth in the future,'' a view that IATA director-general Giovanni Bisignani shares.


However, Boeing's Dinesh Keskar is not amused."The world is sceptical about the way Indian new-born carriers are ordering planes. How are they going to get so many pilots, where is the infrastructure?" he asked.

Look who's buying these birds in India. Complete unknowns—until even a few days ago. IndiGo Air, promoted by Delhi based air travel services company InterGlobeEnterprises, on Thursday announced the acquisition of 100 A-320 aircraft.

Nine Desi Firms Are In Global Market For 350 Aircraft.

Source:- http://timesofindia.indiatimes.com/a...ow/1144540.cms
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