Podcasts about Jet Airways

Welcome to Top of the Morning by Mint.. I'm Nelson John and here are today's top stories. 1. IndiGo Goes Global with Mega Airline Pact India's largest airline IndiGo has signed a landmark agreement with Delta Air Lines, Virgin Atlantic, and Air France-KLM, building a deeper network to connect India with Europe and North America. This formalized MoU, which extends beyond passengers to cargo, loyalty, and engineering, comes as IndiGo prepares to induct its first Airbus A350s in 2027. Flights to Manchester, Amsterdam, London, and Copenhagen are in the pipeline, opening up connections to 30+ European cities and beyond. Amid criticism over its short-term Turkish Airlines lease, the move hints at a future European hub—reminiscent of Jet Airways' Amsterdam play. 2. Hyundai, Kia Exit Ola Electric Amid EV Turmoil In a major shake-up, Hyundai and Kia sold their entire stakes in Ola Electric, cashing out ₹690 crore in total. Hyundai offloaded its 2.47% stake for ₹552 crore, while Kia exited with ₹137 crore. Citigroup Global Markets picked up a 1.95% stake for ₹435 crore. The timing is critical: Ola's stock tumbled 8% this week, down 42% year-to-date. Financials aren't pretty either—Q4 losses hit ₹870 crore, with annual losses crossing ₹2,276 crore. Once a darling of India's EV sector, Ola now faces regulatory heat, slumping sales, and shaken investor confidence. 3. Carlyle Trims Yes Bank Stake as Japan's SMBC Moves In Global PE firm Carlyle sold a 2.6% stake in Yes Bank worth ₹1,775 crore, reducing its holding to 4.22%. This follows SBI and seven other banks announcing the sale of 20% of their combined stake to Japan's Sumitomo Mitsui Banking Corporation (SMBC) for ₹13,483 crore. Once complete, SMBC will become Yes Bank's largest shareholder. Despite a stellar performance—Q4 profit up 63% and FY25 net profit doubling to ₹2,406 crore—Yes Bank's shares fell over 10% after Carlyle's exit. It's a turning point for a bank that was in crisis mode just five years ago. 4. India's Travel Boom Needs a Louder Global Pitch India's tourism sector is back in full swing, contributing ₹21 trillion to GDP in 2024 and supporting 46.5 million jobs. The World Travel & Tourism Council (WTTC) projects the sector will grow to ₹42 trillion and 64 million jobs by 2035. But WTTC CEO Julia Simpson warns: India must invest in marketing and infrastructure to keep up. International visitor spend hit a record ₹3.1 trillion in 2024, while domestic travel surged to ₹15.5 trillion. However, India's global marketing spend remains worryingly low at just ₹3 crore. A new WTTC-India MoU could help raise India's global visibility. 5. India to Build First Polar Research Vessel In a landmark move, India will build its first-ever Polar Research Vessel (PRV), thanks to a new partnership between GRSE and Norway's Kongsberg. The vessel, to be built in Kolkata, will support deep polar and ocean research for India's National Centre for Polar and Ocean Research. This comes alongside plans for two ₹1,000 crore deep-sea exploration vessels as part of the Deep Ocean Mission. Each vessel will be equipped for 6 km-deep explorations with cutting-edge scientific gear. Minister Sarbananda Sonowal, on a maritime diplomacy trip to Norway, pitched India as a global hub for green and resilient shipbuilding. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Friday, November 8, 2024. This is Nelson John, let's get started. One of India's marquee airlines finally ended its journey yesterday. The Supreme Court ordered the liquidation of Jet Airways, ending a long quest for survival. Krishna Yadav writes that the Jalan Kalrock Consortium had failed to meet obligations such as infusing ₹350 crore and settling worker dues, leading to this decision. Jet Airways has been bankrupt since April 2019. Krishna adds that this case has raised concerns about the effectiveness of India's Insolvency and Bankruptcy Code, particularly regarding airline insolvencies. Have you ever thought why we get pizzas and groceries in 10 minutes, but not life-saving medicines? That might change soon. Jessica Jani writes that companies like Tata 1mg, PharmEasy, and Apollo 24/7 are piloting ultra-fast medicine delivery services. 1mg is collaborating with fellow Tata brand BigBasket for quick delivery in select cities, while Apollo 24/7 has launched a 19-minute delivery in major markets. Swiggy is also partnering with PharmEasy for under-10-minute deliveries in Bengaluru. However, inventory management, medicine storage, and regulatory compliance are big challenges.  In a surprise decision, the government announced that it will stop paying interest on National Savings Scheme accounts from October 1. This means that both principal and interest will be taxable on withdrawal. Aprajita Sharma spoke to NSS holders who expressed concerns about the negative impact on their tax liabilities as senior citizens. The sudden change has also prompted calls for the government to reconsider its decision, and offer tax relief or alternative investment options. This move undermines trust in small savings schemes, and it also triggers fears about the stability of other savings products like the Public Provident Fund. A day after the big result, we're still assessing the implication of Donald Trump's victory. Shouvik Das writes that Trump's pro-business and anti-regulations will be favourable for Big Tech companies like Twitter and Meta. These companies have faced some issues in India as well as Europe, where they are under scrutiny for their trade practices. Lawyers and policymakers that Shouvik spoke to told him that Trump's backing could ease their worries in India, which has often been tough on Big Tech's practices so far. For most, homes are private spaces. It's where you come to relax, take a breather, and sometimes escape from the outside world. Not for influencers, though: Pratishtha Bagai writes about content creators who share tours of their homes on social media. House tours have become a major "self-expression trend", as Pratishtha writes. Experts suggest this fascination reflects aspirational consumer behavior. Viewers seem to be actually influenced and inspired to recreate the aesthetics of their favorite influencers in their own homes, irrespective of the high costs involved in such a practice. 

This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 07th of November and here are the headlines.The Bandra police in Mumbai received a threatening call demanding Rs 50 lakh from Bollywood actor Shah Rukh Khan. The caller, who threatened to kill Khan, was identified as Faizan Khan from Raipur, Chhattisgarh. An FIR has been registered under sections related to extortion and criminal intimidation. Police teams have been dispatched to Raipur for his arrest. The call was made on Tuesday evening, and the investigation is ongoing.The Supreme Court of India ordered the liquidation of Jet Airways under the Insolvency and Bankruptcy Code (IBC), overturning a National Company Law Appellate Tribunal (NCLAT) decision that approved the transfer of ownership to the Jalan KalRock Consortium. The bench, led by Chief Justice D.Y. Chandrachud ruled in favor of the lenders, including the State Bank of India. The consortium had proposed an Rs 4783 crore payment, but the liquidation order now takes precedence.The Goa government issued a clarification responding to criticism of its tourism infrastructure, including comparisons to international destinations like Sri Lanka. The Department of Tourism emphasized that Goa is a state within India, and comparing it to foreign countries may give an inaccurate perspective. The clarification follows public discussions about the state's tourism sector and infrastructure, defending Goa's position while addressing concerns raised about its current tourism offerings.A Hindu temple priest in Brampton, Canada, has been suspended for spreading violent rhetoric during clashes between Khalistani supporters and other temple attendees. The incident, which occurred on November 3 at the Hindu Sabha temple, saw protestors carrying Khalistani flags clashing with attendees, leading to fistfights and pole strikes. Unverified videos circulating on social media show the altercations disrupting a consular event co-organized by the temple and the Indian Consulate.Chinese President Xi Jinping congratulated Donald Trump on his election victory, urging China and the US to improve dialogue and manage differences. Despite past tensions, including Trump labeling China as a “strategic rival,” Xi emphasized communication. Trump's administration had imposed tariffs on Chinese imports, a policy he has indicated will continue in his new term. Both nations are expected to navigate complex trade and diplomatic challenges as they continue to assert their global positions.This was the Catch Up on 3 Things by The Indian Express.

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, October 15, 2024. My name is Nelson John. Let's get started. Thanks to gains in shares of select banking and IT heavyweights, including HDFC Bank and Infosys, Indian stock market benchmarks- the Sensex and the Nifty 50- resumed their upward march on Monday. The Sensex rose 0.73 per cent, while the Nifty 50 settled 10.66 per cent, higher. Vinay Dube, previously at the helm during tumultuous times at Jet Airways and Go First, now leads Akasa Air, facing similar challenges with its fleet of Boeing 737 Max aircraft. Akasa Air, aiming to carve a niche in India's aviation market, heavily relies on this model, notorious for its operational issues, despite its economic purchase price. The airline, commanding a modest 4.5% market share, seeks to establish itself against the dominating duo of IndiGo and Air India, which together control over 90% of the market. Akasa's strategy involves mirroring successful practices from industry leaders like IndiGo, which thrived on a sale and leaseback model that Dube intends to replicate. Nehal Chaliawala and Mihir Mishra write on Vinay Dube's plans to take on the Indigo-Air India duopoly in India's aviation market. Class actions are gaining momentum in India, with recent cases against Ola Electric and Jindal Poly Films showcasing their rising prominence. A class action allows people with similar grievances to file a single lawsuit, making it a powerful tool for addressing collective issues. The rise in class actions is largely due to growing awareness among consumers and shareholders, facilitated by technology and easy access to information. More people are now using these legal options to hold companies accountable. The digital age has also amplified opportunities for collective grievances, especially with the collection of vast amounts of personal data. Mint's Krishna Yadav explains the rise of class actions in India.  Becoming a cricketer in India can lead to vast riches. For Suryakumar Yadav, the money doesn't stop rolling in. Gaurav Laghate writes about how leading India to a recent T20 series win against Bangladesh has bettered Yadav's financial prospects. Yadav's endorsement fee has jumped by a whopping 350 per cent, with deals worth 2 crore rupees each. Among companies shelling out this money for him are ICICI Prudential Life Insurance, Reebok, and Lenskart. Sky, as he is fondly called, is now rubbing shoulders with Virat Kohli and Rohit Sharma, the other scions of cricket endorsement deals. In September, India witnessed a sharp rise in inflation to a nine-month high of 5.49 per cent, surpassing the expected 5.1 per cent. This increase was largely driven by a significant hike in vegetable prices, which surged due to a dissipating base effect and unfavorable weather conditions. This unexpected jump underscores the Reserve Bank of India's cautious stance on not cutting the repo rate. With this spike, the inflation rate for the July-September quarter settled at 4.2 per cent, slightly above RBI's projection of 4.1 per cent, suggesting that rate cuts might be postponed to 2025. Payal Bhattacharya reports on how September's inflation surge proves RBI was right to delay a rate cut. Rocket science is generally hard, which is why any achievements made in this vast and expensive field should be celebrated. Elon Musk's SpaceX has innovated space travel by using mechanical 'chopsticks' to catch one of its rocket boosters mid air so it can be reused for other rockets. Leslie D'monte writes that this would reduce the costs and turnaround time of future rocket launches. Moreover, this achievement could boost Musk's financial and strategic positions by lowering launch costs and speeding up operations.  Primer: How Musk catches rockets with ‘chopsticks'Suryakumar Yadav: India's Mr 360 is changing the game for brand endorsementsMint Explainer: Why Class Action Suits in India Are on the RiseHow Akasa Air's Vinay Dube is taking on the IndiGo-Air India duopolyIn charts: September inflation proves why RBI was right to delay a rate cut

“There is no bigger weight than the weight of trust. One of my leadership mantras became: You never need to earn my trust. You can only lose it.” Ravi Chaturvedi is an experienced leader with a proven track record of success across seven countries, both developed and developing. Ravi became P&G's first ever Asian President and member of the Global Leadership Council, after a 2 decade long career with the company. Ravi was also Group Chief Executive of Jet Airways for a short tenure.Ravi has also served as a consultant and advisor to the Nitto Denko Corporation in Japan. For the CEO Council of Lighthouse Funds, Ravi advised portfolio CEOs of companies across industries. He's also served as advisor to Marico and to Emami, Indian consumer goods companies that are expanding internationally.Ravi is a Senior Fellow in the Management Department of the Wharton School of Business, and has been a Lecturer at the University of Pennsylvania. Ravi received his BA from the University of Delhi, and Master of Management Studies from the Bajaj Institute of Management Studies, Master of Management Studies. You'll enjoy this candid conversation between old colleagues - and hear the wisdom that has impacted many leaders from Ravi's storied career. This is part of our Asian leaders series - hosted by P&G Alumni Emily Chang. Got an idea for a future “Learnings from Leaders” episode? Reach out at pgalumpod@gmail.com

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, June 18, 2024. My name is Nelson John. Let's get started:We have no market updates for you today, as the markets were shut on the occasion of Bakri Eid on Monday.Looking for a new property? You might soon be buying from insurance giant LIC. Anirudh Laskar reports that the Life Insurance Corporation of India is looking to sell some plots and commercial buildings. LIC is India's third-largest landlord, and hopes to net at least 6 billion dollars from these transactions. It has properties in marquee areas such as Delhi's Connaught Place and Kolkata's Chittaranjan Avenue. Since these have been with LIC for decades, a sale valuation of the properties will need to be carried out. Anirudh writes that ascertaining the value of these properties seems to be the biggest hurdle for LIC. Additionally, some of these properties are part of litigations against LIC, complicating the sale process.Last week, financial services company 360 One announced its acquisition of ET Money, a direct investment platform. Neil Borate writes that it's a puzzling transaction. Just FYI, 360 One was earlier known as IIFL Wealth. But now that ET Money, a mutual fund investment platform, will come under the ownership of a mutual fund, the operations get murky. ET Money might be incentivised to sell the products of its parent company but the markets regulator Sebi prevents such cross-selling or preferential treatment. ET Money also has a paid feature named Genius, an advisory service used by more than 75,000 people. How will this new acquisition play out under Sebi's regulations? ET Money's founders have maintained that no such conflicts will occur, Neil writes.When the pandemic set in, most industries came to a standstill, and took a while to get back on track. But the logistics sector wasn't one of them. In fact, with everyone stuck at home, more deliveries took place, propelling logistics to another level. Mahindra Logistics, a third-party logistics provider, was a beneficiary of the boom. The company now rakes in an annual revenue of more than Rs 5,000 crore. By FY26, it wants to double that figure. Madhurima Nandy writes that Mahindra's logistics arm is expanding at a dizzying pace to accomplish that. But it has also started a worrying trend: Mahindra Logistics has recorded a net loss for the first time since it listed on the markets in 2017. E-commerce giants like Amazon, Flipkart, and Meesho have beefed up their own logistical arms. How will Mahindra Logistics achieve its targets while maintaining profitability? Madhurima explores the possible answers.Ever since Jet Airways and Go First shut down, flight ticket prices have skyrocketed. But the new civil aviation minister has vowed to control these prices. Is this even possible? Anu Sharma explains that the Indian aviation market is quite seasonal. Fares aren't established or regulated by the central government. But the aviation regulator has a unit that monitors airfares on certain routes to not charge beyond a certain range of prices. The government already had regulated an upper and lower limit on airfares during covid — Anu writes that it might resort to the same measures if prices get out of control during the current peak summer season, when leisure travel is at its highest.The genesis of quick commerce in India was rapid: First there was Zepto. Swiggy's Instamart followed suit. Grofers turned into Blinkit after Zomato acquired it. Dunzo was forced to adapt. Others such as Big Basket also sped up their processes. But a couple of years later, we have a new entrant: Flipkart is ready to roll out its quick commerce arm, reports Suneera Tandon. Flipkart's quick commerce venture would be available in select metro cities in the next few weeks. The company will offer home appliances in addition to groceries. Will Flipkart be able to catch up to its established rivals? To find out, you might want to be ready to download yet another app.We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance. Show notes:LIC mega sale: Insurer to sell land, buildings to raise up to $7 billionET Money's acquisition by 360 ONE: Should you be worried or excited? After slipping into the red, can Mahindra Logistics execute a U turn? Mint Explainer: Can airfares be regulated? Flipkart's q-commerce entry weeks away, will take on Zepto, Blinkit, Instamart 

This is the Catch Up on 3 Things for the Indian Express and I'm Flora Swain.It's the 6th of May and here are today's headlines.Exuding confidence that the BJP would form the government in Odisha, Prime Minister Narendra Modi today the Biju Janata Dal (BJD) government's “expiry date” was 4th of June– the day the results come out. Addressing a rally in Berhampur parliamentary constituency, Modi said, quote, “Today is May 6. By June 6, a BJP chief minister will be nominated and on June 10, an oath-taking ceremony will be held. Write it down. I have come here to welcome you to the BJP government's oath-taking ceremony. The double engine government will come to Odisha for the first time,” unquote. Odisha Assembly elections will be held simultaneously with Lok Sabha polls.A day ahead of polling in all 26 Lok Sabha seats in Gujarat, 16 schools in Ahmedabad received bomb threat emails today. According to JCP (Crime Branch) Sharad Singhal, 12 schools in Ahmedabad city and four in Ahmedabad rural jurisdiction received the threat emails around 6 am. The emails were received from a Russian domain name ‘mail.ru'. He further stated that combing operations were undertaken in all the schools and “nothing was found”, terming the threats to be “hoax”.National Conference leader Farooq Abdullah today warned about Pakistan being a nuclear power in response to Defence Minister Rajnath Singh's comment on people of Pakistan-occupied Kashmir wanting to merge with India. Abdullah said, quote, “If the defence minister is saying it then go ahead. Who are we to stop? But remember, they (Pakistan) are also not wearing bangles. It has atom bombs, and unfortunately, that atom bomb will fall on us." Unquote. Reportedly, Rajnath on Sunday stated that India won't have to capture PoK with force because “its people, on their own, would want to be part of the country after seeing the development in Kashmir”.The Bombay High Court today granted temporary bail of two months, on health grounds, to Jet Airways founder Naresh Goyal, arrested in a money laundering case lodged by the Enforcement Directorate. Goyal was arrested by the central agency in September last year and had approached the high court after a special court denied his bail plea. The court also asked Goyal to surrender his passport and directed him to furnish a personal bond of Rs 1 lakh with sureties.The third phase of the Lok Sabha elections will be held on 7th of May with voters in 94 parliamentary constituencies across 12 states and Union Territories casting their ballot to elect the new government. By tomorrow evening, over 280 constituencies will have gone to polls, meaning that more than half of the total seats in Lok Sabha will have been decided. That leaves polling in 263 constituencies in the four remaining phases. The state of Gujarat and the union territories of Goa, Dadra and Nagar Haveli and Daman and Diu will complete polling in a single phase on Tuesday.This was the Catch-Up on the 3 Things by The Indian Express.

At long last, Jet Airways revival in sightTweaked stock options, coming soon to a job contract near youPetrol pumps cap inventory amid hopes of fuel price cutStartups, SMEs increasingly covet so-called fractional CXOsNetflix needs another midstream change in India. Here's why Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Wednesday, March 13, 2024. My name is Nelson John. Let's get started:Indian benchmark indices Sensex and Nifty trimmed some of their gains, yet managed to end Tuesday in the green. Largely the indices remained flat with NSE's Nifty 50 gaining a miniscule 0.01 per cent. BSE's 30-company index Sensex too rose only 0.22 per cent. HDFC Bank, TCS, Maruti Suzuki India, Infosys, and Reliance Industries emerged as the top gainers on Tuesday.Finally, there's been some progress in the possible revival of Jet Airways. The grounded airline got a second wind on Tuesday, after a decision by the National Company Law Appellate Tribunal. N-C-L-A-T has asked the bankrupt airline's lender's to handover the carrier to the Jalan-Karlock Consortium within 90 days. The National Company Law Tribunal — a lower body than the N-C-L-A-T, had approved the consortium's resolution plan for Jet Airways back in June 2021. It had even allowed the handover in January last year. However, Jet's lenders challenged this decision in the higher tribunal over alleging the consortium to be non-compliant with the resolution plan. Mint's legal correspondent Krishna Yadav reports on the development, crucial for not just Jet but also the Indian aviation industry. In a bid to retain top talent amid rising attrition, companies are juggling with different kinds of stock options for employees. India Inc is experimenting with hybrid forms of stock options, as opposed to the regular ones. Some of them include stricter forms of performance based stock options, analysts told Mint's HR and workplace correspondent Devina Sengupta. These restricted stock units or RSUs, are shares given to an employee as a reward upon fulfilling a predetermined period of service. On the other hand, performance stocks are granted only when an employee achieves particular objectives, remains with the company for a designated duration, and the company itself reaches its goals within its industry. For businesses, these stock options are considered "less dilutive." According to consultancy firm EY, the number of companies choosing alternative stock incentives for employees has increased by 25 to 30 per cent in the last few years.General elections are only a few weeks away. Freebies and price cuts usually become the main weapons against anti-incumbency for governments around this time. One such important pre-election move is cutting down the price of fuel. Anticipating a price cut, fuel stations are running low on inventory. Petrol and diesel pumps are keeping enough stock for only three days, as opposed to their regular inventory of five days. This is to save on any losses that may occur in case a price cut is announced. In case of a price cut, the new rates take effect immediately — leaving fuel retailers with losses on the stock they bought for a higher price. Mint's energy correspondent Rituraj Baruah reports on the cautious move by fuel retailers. He explains how a 5-rupee deduction in the price of petrol and diesel could mean losses of up to 1.5 lakh rupees for retailers in rural areas. The number only goes up for petrol stations in tier-3 and tier-2 cities. Petrol pumps in metro cities usually see losses of up to 25 lakh rupees on a 5-rupee price cut. Ever thought of a life where you can be a banker by the day, and manage finances for a startup as its CFO by the night? No, I am not talking about moonlighting for another company. Fractional C-suites employees are becoming more and more common across startups and small and medium enterprises in India. What's that you ask? These are experienced executives with deep competencies in domains like finance, marketing, and strategy who work with multiple companies at a time on a part-time basis. With the kind of flexibility a fractional CXO gig is able to offer, more senior executives are getting attracted to it. There is a demand factor to it also. Companies are increasingly looking for fractional CXOs to access good talent at affordable costs. Mint's startup correspondent Samiksha Goel writes about this unique trend shaping boardrooms across startups. She also spoke to C-suite executives following the trend and working as a fractional CXO. Globally, there's been about a 25 per cent increase in the hiring of fractional CXOs, while India saw a 10-12 per cent uptick among startups in sectors such as legal, finance, e-commerce, and technology, according to HR consulting firm Randstad. Remember Nawazuddin Siddiqui's iconic dialogues in Sacred Games? The Netflix original, parts of which were set in the Bombay of the 80s, became a pop culture phenomenon across languages in India. But pause for a moment and think. Has there been any other Netflix show as iconic as Sacred Games that comes to mind? The answer is highly likely to be no. The streaming pioneer, who entered India in 2016 has largely been facing flak for its strategy (or lack thereof) for the Indian market. Until recently, the streaming platform was struggling with adding and retaining subscribers. That is when it changed its password sharing policy, allowing only four devices to be linked to an account. The change, which is part of a multi-pronged strategy worked wonders for the company. Its paid subscribers have doubled over the past two years. Another change that helped, was slashing subscription prices. The mobile-only plan which would cost a user 199 rupees is now just 149, whereas for 199 a month, a user can watch Netflix on any device. Despite a big turnaround, the company lags behind its rivals which include Amazon Prime, Hotstar and JioCinema. The question remains, what's not working for Netflix, and what other changes does the company need? Mint's media and entertainment correspondent Lata Jha takes a deep dive into Netflix India's current scenario and answers some of these questions. For once, the company's acquisition strategy, where it is focusing on acquiring movies rather than producing originals, has been dubbed lazy by many. With the streaming market reaching the point of saturation in India, Netflix needs to up its game.We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance.

Bharat bandh today: Are banks, offices closed?, Manipur: Mob barges into Churachandpur government office complex, 1 killed, Jet Airways' Naresh Goyal says he is suffering from 'slow growing cancer', seeks interim bail, Rohit Sharma and Ravindra Jadeja's hundreds shepherd India to safety on Day 1 of 3rd Test against England at Rajkot, X-Men '97 official trailer, voice cast, Disney+ release date unveiled

Foreign investors pull back from Indian markets; How smart homes might become more mainstream in the years ahead

First, Indian Express Deeptiman Tiwary tells us about the downfall of Jet Airways and the alleged bank fraud accusations against its founder-promoter, Naresh Goyal.Next, Indian Express' Aditi Raja assesses how the Statue of Unity has changed the village where it was inaugurated over a year ago (07:35).And in the end, we discuss the controversy surrounding the deep fake of actress Rashmika Mandana (18:32).Hosted by Rahel PhiliposeWritten and produced by Rahel Philipose, Shashank Bhargava, Utsa SarminEdited and mixed by Suresh Pawar

Top news of the day: Kejriwal, Mahua Moitra to face probe today: BJP MP says, 'Dono 2 numbari', Electoral bonds fail to provide a level playing field: Supreme court, Curfew relaxation revoked after mob tries to grab arms in Imphal, Rapper Shubh Wears Hoodie Mocking Indira Gandhi's Assassination; Gets Slammed, ED attaches Jet Airways, Naresh Goyal family's assets worth ₹538 crore

Sukrit Kumar brings you the news from Maharashtra, Jammu and Kashmir, Delhi, Gaza.Produced by Prashant Kumar, edited by Hassan Bilal. Hosted on Acast. See acast.com/privacy for more information.

On today's episode, financial journalist Govindraj Ethiraj talks to Captain Sam Thomas, a former Jet Airways pilot and now President of the Airline Pilots Association of India as well as Akshay D'Souza, Chief of Growth and Insights at Bizom. SHOW NOTES[00:00] Stories of The Day[00:50] The markets take a u turn, fall 800 points, $100 predictions for oil are here.[02:27] Contract, what contract, say pilots as Akasa Air takes battle with fleeing pilots to court with Captain Sam Thomas[14:30] Consumer demand is falling across categories, rains are one reason with Akshay D'Souza[20:48] All is forgiven for now, Total France is back with Adani in a new ventureFor more of our coverage check out thecore.inInteract with us or ask us questions on TelegramSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube

In this episode, find out about fresh allegations against Adani Group on its offshore funding, also find out about Jalan Kalrock infusing Rs 100 cr in Jet Airways Business Term of the Day: Square off

Today we'll discuss the events of OshKOsh 2023, Jet Airways' next step towards revival, a bird strike in Amsterdam, some tension between IATA and the Belgian Government, and finally, North Korea's anticipated re-entry into the international aviation scene.

Order 'Build, Don't Talk' (in English) here: https://amzn.eu/d/eCfijRuOrder 'Build Don't Talk' (in Hindi) here: https://amzn.eu/d/4wZISO0--------------Subscribe To Our Other YouTube Channels:-https://www.youtube.com/@rajshamaniclipshttps://www.youtube.com/@RajShamani.Shorts-------------  In today's episode of Figuring Out, our guest is loyalty personified. Mr. Rajnish Kumar has served as the Ex Chairman of SBI and is currently the chairman of Bharatpe and on the advisory board for several big companies. He has been with SBI for nearly 4 decades and discusses the changing dynamics of loyalty in the corporate world. Our guest shares valuable insights from his tenure at SBI, shedding light on the reasons behind diminishing loyalty and the factors influencing it. The conversation shifts to the challenges faced by banks during the period of demonetization. With first-hand experience as the MD of SBI during that time, he shares stories of the crowded banks and reveals whether the banks were aware of the decision beforehand. Find out how SBI tackled the situation and their commitment to serving a staggering 48 crore customers today. They dissect the true purpose behind the move of demonetisation and the impact of 2000 and 500 rupee notes on the economy.As the podcast progresses, they explore the airline industry and the challenges it faces. With insights from the guest's extensive experience, they discuss the importance of knowing when to detach and gracefully close down a business when necessary. Learn about our guest's decision to join BharatPe after retirement and his support for fintech ventures. He shares the reasons behind his choices and addresses the comments and criticism he has faced. The podcast delves into the financial aspects of leadership roles, discussing the salary of an SBI Chairman and the post-retirement compensation. Make sure you watch this podcast till the end!--------------------

In this episode, we discuss the NCLAT order in Jet Airways wherein the treatment of PF dues in a resolution plan is examined. --- Support this podcast: https://podcasters.spotify.com/pod/show/virtualaw/support

In this episode of Mint Business News, fint out about BharatPe's founder stepping down as CEO and Jet Airways' Revival Plan. Business Term of the day - Credit Spread

In today's episode for 14th November 2022, we see what's holding up Jet Airways' comeback.

Art Ziccardi learned to fly as a teenager after participating in Civil Air Patrol for four years. He attended an aviation college and accumulated thousands of hours as a SFI while there. He later obtained a Master's Degree and held several jobs in aviation until getting hired by United Airlines in 1969. During the airline downturn he was 4 pilots from the bottom of the seniority list during the extended United pilot furlough, and when he retired at age 60 he was 4 pilots from the top of the seniority list. After retiring from United he was a B777 flight instructor at Cathay Pacific and a B777 pilot for Jet Airways in India. He is now an author, and has published the first of many aviation-themed novels.

Vinay Dube and Aditya Ghosh, the men piloting Rakesh Jhunjhunwala's Akasa Air, have a tough task at hand: high costs, ruthless competition and a Covid overhang await the airline that got its flying permit last week. But the Akasa boys, former CEOs of Jet Airways and IndiGo, are dreaming big. In a candid, fun chat with host Anirban Chowdhury, they tell the story of India's latest airline startup and how they plan to make it fly.

A lifetime aviation geek and an outspoken executive, Kapoor has been roped in to get Jet Airways airborne again. He talks about the challenges that lie ahead for Jet, his ambitions of starting his own airline and more in a candid interview with Anirban Chowdhury.

This episode is also available as a blog post: https://feedssoundcloudcomuserssoundcloudusers.wordpress.com/2020/05/24/kenny-sebastian-why-jet-airways-failed-indigo-pilots-airports-in-india-reaction/ --- Send in a voice message: https://anchor.fm/you-betterknow4/message

This episode is also available as a blog post: https://feedssoundcloudcomuserssoundcloudusers.wordpress.com/2020/05/24/kenny-sebastian-why-jet-airways-failed-indigo-pilots-airports-in-india-reaction/ --- Send in a voice message: https://anchor.fm/you-betterknow4/message

On this episode of AvTalk, Jet Airways gets its AOC, Lufthansa and MSC Group bid for ITA Airways, and Boeing implements a new safety system. Jet Airways returns A reincarnated Jet Airways received its operating certificate this week. The airline originally ceased operations in 2019. Lufthansa and MSC Group bid for ITA Airways Lufthansa and … The post AvTalk Episode 165: LufthITA Cruise Lines appeared first on Flightradar24 Blog.

Just how bullish is IndiGo CEO Ronojoy Dutta on India's airline market? Very, very bullish. But Edward "Ned Russell" and Madhu Unnikrishnan note that others have predicted that India's aviation market is about to take off (Kingfisher? Jet Airways?). So what makes Dutta so confident? Listen to this week's episode to find out.

In episode 119 of the Simple Flying podcast your hosts Tom and Jo discuss, South African Airways gets sold for three dollars Star Alliance CEO sees spike in biometrics Jet Airways is back - almost Korean Air's Surprise A380 Return A smartphone earns frequent flyer silver status with Qantas

Memoir of TWA flight attendant, Delta to pay flight attendants during boarding, Jet Airways won't hire male F/A, American fires some reserve F/As, new 747-8 to the boneyard, fuel shortages, F-15EX headwind.

सुनिए एल्सा मैरी डी सिल्वा के जीवन की प्रेरक कहानी। एल्सा मैरी डी सिल्वा एक ऐसी महिला है जो कई लोगों को आवाज़ बनी है, जी हाँ समाज के वो लोग जो अपने साथ हुई हिंसा के खिलाफ लड़ना चाहते है, उन पीड़ित लोगों के हक़ में एल्सा मैरी डी सिल्वा ने अपनी आवाज़ बुलंद की है। आपको बतादें एल्सा मैरी डी सिल्वा रेड डॉट फाउंडेशन की संस्थापक और मुख्य कार्यकारी अधिकारी हैं। रेड डॉट फाउंडेशन मुंबई स्थित एक संगठन है, जो महिलाओं के खिलाफ हिंसा को समाप्त करने के लिए काम करता है।ये रेड डॉट फाउंडेशन द्वारा विकसित एक ऑनलाइन प्लेटफॉर्म 'सेफसिटी' की इनोवेटर भी हैं, जिसे इन्होंने 2012 में लॉन्च किया था। आपको बतादें इसके अंतर्गत सार्वजनिक स्थानों पर यौन हिंसा और उत्पीड़न की रिपोर्ट को ट्रैक करने के लिए क्राउडसोर्सिंग का उपयोग किया जाता है और शहरों में असुरक्षित क्षेत्रों को दिखाने के लिए इस डेटा को मैप किया जाता है। डी सिल्वा द्वारा किये गए सराहनीय कार्यों के लिए इन्हें अब तक कई अवार्ड से सम्मानित किया जा चुका है जिनमें डिजिटल वीमेन इन सोशल इम्पैक्ट अवार्ड, फीमेल एंटरप्रेन्योर ऑफ द ईयर अवार्ड, भारत सरकार का 2016 वीमेन ट्रांसफॉर्मिंग इंडिया अवार्ड सहित कई अवार्ड शामिल है। एल्सा मैरी डी सिल्वा जिस तरह यौन और लिंग आधारित हिंसा के खिलाफ आवाज़ उठा रही है, महिलाओं और अन्य वंचित समुदायों को अपनी चुप्पी तोड़ने में उनकी मदद कर रही है, इसके बारे में जागरूकता लाने का काम कर रही है, ये बेहद ही सराहनीय है। इनकी इस नेक सोच, विचारों और जीवन के अनुभवों से आज कई लोग प्रेरित हो रहे है। पूरी कहानी पढ़ें: https://stories.workmob.com/elsa-dsilva-social-workवर्कमोब द्वारा #मेरीकहानी कार्यक्रम के माध्यम से एक नयी पहल शुरू की गयी है जिसके ज़रिये हर कोई छोटे बड़े बिज़नेस ओनर्स अपनी प्रेरक कहानियों को यहाँ सभी के साथ साझा कर सकते है। क्योंकि हर शख्स की कहानी में है वो बात जो जीवन को बदलकर एक नयी दिशा दिखाएगी, और ज़िन्दगी में ले आएगी आशा की एक नयी चमकती किरण। #प्रेरककहानियाँ #एल्सामैरीडीसिल्वा #समाज #रेडडॉटफाउंडेशन #ऑनलाइनप्लेटफॉर्म #सेफसिटी #इनोवेटर #डिजिटल #सोशलइम्पैक्टअवार्ड #फीमेलएंटरप्रेन्योर #वीमेनट्रांसफॉर्मिंगइंडियाअवार्डजानिए वर्कमोब के बारे में: जुड़िये वर्कमोब पर अपनी कहानी साझा करने और प्रेरणादायक कहानियाँ देखने के लिए। ये एक ऐसा मंच है जहां आप पेशेवरों, लघु व्यापारियों, उद्यमियों और सामाजिक कार्यकर्ताओं की वीडियो कहानियां देख सकते हैं और दूसरों को प्रेरित करने के लिए अपनी व्यक्तिगत और व्यावसायिक कहानी सभी के साथ साझा कर सकते हैं। आपकी कहानी में लोगों को आशा देने, प्रेरणा देने और दूसरों का जीवन बदलने में मदद करने की एक अद्भुत क्षमता है। यह 100% मुफ़्त है। इस लिंक पर क्लिक करें और देखें प्रेरक कहानियां https://stories.workmob.com/हमारे ऐप्प को डाउनलोड करें: Android: https://play.google.com/store/apps/details?id=com.workmob iOS: https://apps.apple.com/in/app/workmob/id901802570

Bangalore is 5468 football fields away --- Send in a voice message: https://anchor.fm/thepodcrashed/message Support this podcast: https://anchor.fm/thepodcrashed/support

It's just another technologically challenged day for Cyrus today! On this episode, Cyrus is joined by Karthik Nagarajan. They talk about three generations of bashing that Cyrus went through at home, Karthik's The Filter Koffee Podcast', the role the podcast plays in Karthik's life, why Jet Airways failed and why people don't want to start an airline business anymore, and more. They also talk about whether the world overreacted to the COVID-19 pandemic, the fear that has formed in everyone's mind around it, and tons more. Karthik also talks about the LBW decision in the IND vs SA test match, why Virat Kohli's actions have been termed 'childish', why Karthik feels test cricket is more relevant in today's time and what kind of marketing activity will Karthik do, given a chance, to hype test cricket. Karthik also reveals an ingenious method of coughing while hitting the ball with the bat so as to avoid getting out (tune in for this!) and Cyrus christens Karthik as 'KL Guru'. Further they talk about how did Karthik get two top level jobs at different companies. This and lots more madness on this episode. Do tune in Listen to The Filter Koffee Podcast: Website: http://www.filterkoffee.com IVM Podcasts: https://shows.ivmpodcasts.com/show/the-filter-koffee-podcast-REzRDso5YvWdg9XE Follow Karthik Nagarajan on social media: Linkedin: https://www.linkedin.com/in/karthiknagarajan/ Twitter: https://twitter.com/The_Karthik Instagram: https://www.instagram.com/filter_koffee/ Subscribe to our new YouTube channel: https://www.youtube.com/channel/UCmY4iMGgEa49b7-NH94p1BQ Also, subscribe to Cyrus' YouTube channel: https://youtube.com/channel/UCHAb9jLYk0TwkWsCxom4q8A You can follow Amit on Instagram & Twitter @DoshiAmit: https://twitter.com/doshiamit and https://instagram.com/doshiamit You can follow Antariksh on Instagram @antariksht: https://instagram.com/antariksht Do send in AMA questions for Cyrus by tweeting them to @cyrussaysin or e-mailing them at whatcyrussays@gmail.com Don't forget to follow Cyrus Broacha on Instagram @BoredBroacha (https://www.instagram.com/boredbroacha) In case you're late to the party and want to catch up on previous episodes of Cyrus Says you can do so at: www.ivmpodcasts.com/cyrussays You can listen to this show and other awesome shows on the new and improved IVM Podcasts App on Android: https://ivm.today/android or iOS: https://ivm.today/ios

Waiting in the wings since April 2019 -- when it was grounded due to a financial crisis -- Jet Airways has been looking to hit the skies for long now. The new owners, British firm Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan, have time and again asserted that Jet Airways 2.0  will take off in the beginning of this year. But will everything go as planned? The company has recently seen a slew of resignations. This week, Sudhir Gaur, its accountable manager and acting chief executive de-boarded the company. Gaur was heading the operations team and was involved in key negotiations for airport slots. The airline's finance head and head of management information systems had quit two weeks ago.  We reached out to Jet Airways for their stance on the recent developments, but didn't receive a response by the time of publishing of this video. While Gaur's replacement has been found in head of training and standards in Nepal Airlines, PP Singh, there are several other tasks to complete before Jet Airways 2.0 can take off.  The Kalrock-Jalan consortium is yet to finalise its fleet plans. Jet Airways 2.0 is understood to have a fleet of 11 aircraft, including Boeing 777, 737 and Airbus A330, on its books now. The two company owners had said that the airline would commence domestic operations with six narrow body aircrafts in 2022. And also that the airline plans to have a fleet of 100-plus aircraft. Meanwhile, Rakesh Jhunjhunwala-backed Akasa Air has already ordered 72 Boeing 737 Max aircrafts.  The consortium had even approached the National Company Law Tribunal or NCLT, asking it to declare December 22, 2021 as the “effective date” for an immediate implementation of the revival plan. However, the NCLT refused the plea and asked the consortium to expedite its efforts to revive the airline.  A banker privy to the matter told Business Standard on condition of anonymity that lenders have become jittery as the Jalan-Kalrock consortium has not brought in any funds or completed any process to restart the airline. But a person involved in the revival plan claimed that all stakeholders were working towards the revival and denied that there was any disagreement between the consortium and the lenders. To get a better understanding of the challenges facing Jet Airways, we spoke to Mark D Martin, CEO of Martin Consulting, an aviation consulting and safety firm based in Asia. As the expert pointed out, given the challenges it is facing right now, it seems unlikely that the refurbished Jet Airways will be able to start operations by Q2 2022. A more mature and structured timeline needs to be defined for the airline's takeoff. Even so, with the spate of senior-level exits dogging the company, recreating Jet's uniqueness in service quality will be a major challenge.  Watch video

The acting CEO and accountable manager of Jet Airways quit this week, dealing another blow to the company which has seen at least two resignations at the top level in the last few days. The date to seek all regulatory permissions for restarting the defunct airline has also been extended twice. So, why is the re-launch of Jet Airways looking turbulent?  After the Jet Airways, let us see why a startup scandal has stirred turbulence among global investors. Billionaire Elizabeth Holmes, founder and CEO of healthcare company Theranos, has been found guilty of defrauding investors. Impressed by her persuasive skills, some had even compared 31-year-old Holmes with Steve Jobs. Her rise was dazzling and meteoric. And so was her fall. And wait, she has an Indian connection too. Her reported former boyfriend and the company's COO, Ramesh Balwani, also faces trial in the case. The Homes-saga also hold lessons for startup investors back home. The rise and fall of Elizabeth Holmes may hold several lessons for Indian investors too. Meanwhile, back home, fund rotation has begun on Dalal Street as India Inc gears up for Q3 earnings season. With over 40 companies set to announce their report cards next week, we caught up with Devangshu Datta, an independent market analyst, and Sandip Sabharwal, founder of asksandipsabharwal.com, to understand how the results season may pan out this time? Equity market finally acknowledged that Omicron may unsettle economic activities, as the stock indices plunged over 600 points yesterday. Effects of pandemic will also reflect on the upcoming Union budget, which the Centre will table on February 1. In the next episode, we explain the Consolidated Fund of India, a key component of the Union budget in this episode of the podcast.    Watch video

Top headlines   Sensex rallies 367 pts, ends above 60,000; Nifty holds 17,900 Thermax surges 7% on Rs 546-crore order Talbros Automotive zooms 27% in 2 days as investor Vijay Kedia increases stake Future Retail falls 6% as Delhi High Court rejects plea to dismiss Amazon arbitration India's Services PMI at a three-month low of 55.5 in December amid Omicron fear   The benchmark indices' strong rally continued for a fourth straight day, despite a quiet start of the session today. The BSE Sensex reclaimed the crucial 60,000 mark as investors expected Covid-related restrictions to ease sooner than expected.   Market participants also expect the uncertain outlook to delay policy tightening by global central banks, keeping liquidity taps running for equity markets.   The Sensex settled at 60,223, up 367 points or 0.6 per cent. On the NSE, the Nifty50 marched past the 17,900 mark and closed at 17,925 levels, up 120 points or 0.67 per cent.   Technically, the Nifty has reached its hurdle zone of 18,000-18,100, where investors can look to trim their long position. Further, if the index manages to sustain above this resistance, it may enter a fresh breakout and inch towards its previous swing high.   The Bajaj twins were the top Sensex gainers after Bajaj Finance reported 8.6% quarterly growth in assets under management during the October-December period. The duo gained up to 5%.   Kotak Bank, Axis Bank, Tata Steel, HDFC Bank, Asian Paints, and SBI were some of the additional gainers. On the downside, Tech Mahindra, Infosys, HCL Tech, and Wipro were the top laggards.   The broader markets, however, continued to underperform for a second straight day. The BSE MidCap index ended 0.4 per cent higher while the BSE SmallCap index closed mildly in the red.   That said, volatility was high in the markets with the fear gauge – India VIX – rallying nearly 7 per cent.   A large part of today's rally was propelled by financial and banking counters, with 7 of the top 10 index contributors from this space.   Banks put up a robust run with the Nifty Bank index closing 2.3% higher. Other strong performers were metals, auto, realty and energy indices, which ended with a gain of over 1% each.   Meanwhile, high selling pressures remained unabated in defensive sectors, especially IT, which caused the Nifty IT index to end nearly 2% down. Pharma, the second-worst performer, closed 0.3 % lower.   Similarly, airlines also had a weak showing amid a rapid increase in Covid-19 cases across the country and several states enforcing strict lockdown-like restrictions. SpiceJet, IndiGo and Jet Airways slipped 1.6%, 3.2% and 0.3%, respectively, on the BSE.   Among individual stocks, Thermax gained over 6% after the company announced it bagged an order worth Rs 546 crore from a public sector power company.   That apart, the shares of Talbros Automotive Components rallied 20% to touch a new life-time high on the BSE. The stock price of the auto ancillary company has zoomed 81% in the past six weeks with ace investor Vijay Kedia buying nearly 2 per cent in the company through the open market.   On the flip side, Future Retail fell 6.3% as the Delhi High Court on Tuesday rejected the Future Group's plea seeking to quash the arbitration proceedings initiated by Amazon in the Singapore International Arbitration Centre.   Lastly, on the macroeconomic front, India's services sector activity, as measured by the Purchasing Managers' Index, or PMI, fell to a three-month low of 55.5 in December from 58.1 in November. This came as several states imposed night curfews ahead of the Christmas season amid Omicron fears.   Moreover, economists expect a mild downward risk to their earlier GDP forecasts as restrictions would affect services. The curbs may pull down economic growth in the range of 10-30 basis points in the fourth quarter, some of them said.

In this episode, Karthik speaks to Rajnish Kumar - former chairman of the State Bank of India. Rajnish has recently published a memoir called "The custodian of Trust" in which he has written in detail about the tumultuous time between Oct 2017 and Oct 2020 during which he was Chairman and also about events that led to it. Karthik and Rajnish speak about the crisis at YES bank, the fall of Jet Airways, and also the Non-performing loan threat among Indian banks - all incidents in which SBI had a vital role to play. They also speak about the days of Demonetisation and how the largest public bank in India coped with the economic and humanitarian crisis that unfolded shortly thereafter. Rajnish also talks about bringing in a healthy organizational culture within SBI and ensuring that the bank evolved itself to keep up with the times and also cater to the younger generation of digital-first customers.Tweet to Karthik Nagarajan (@The_Karthik): https://twitter.com/The_Karthik and follow his WordPress handle here (filterkoffee.com).You can listen to this show and other awesome shows on the IVM Podcasts app on Android: https://ivm.today/android or iOS: https://ivm.today/ios, or any other podcast app.You can check out our website at http://www.ivmpodcasts.com

Marokko ging middenin de herfstvakantie dicht voor Nederlanders, de Airbus A380 kent een hernieuwde populariteit en Schiphol is eindelijk verlost van de wegkwijnende Boeing 777 van Jet Airways. Dat en meer in de Luchtvaartnieuws Podcast. Verder: prijsvechter easyJet komt onverwacht met een eigen lounge, links Den Haag jammert over lege binnenlandse vluchten en een vreemd begin voor ITA Airways. Presentatie: Klaas-Jan van Woerkom en Niek Vernooij.

If the recent indicators are anything to go by, India's aviation sector is seeing a solid revival after pandemic-related turbulence. On October 9, domestic airlines flew more than 300,000 passengers for the first time since February. While this is still a shade shy of the pre-covid level of 350,000 daily fliers, things are certainly looking up for the sector.  Major airports saw heavy crowds and long queues last weekend, indicating the comeback of air travel.   The country's two biggest airports, Delhi and Mumbai, are reopening terminals that had been closed earlier due to low footfalls.  In what comes as a shot in the arm ahead of the peak holiday season, the government has allowed airlines to operate at 100% capacity from October 18. At present, this limit is 85%.  Data from aviation regulator DGCA show that the average load factor of major airlines was 70% in August. The country's biggest airline, IndiGo, said its current load factor was at 75-80%. It is operating 1,200 flights daily, which is around 80% of its pre-Covid-19 capacity. India is also re-opening its borders for tourists after 18 months. The government will start issuing fresh tourist visas from October 15 to foreigners who are coming in through chartered flights. Those who want to visit India on regular commercial flights will be able to do so from November 15. Rules pertaining to their testing, quarantine and vaccination are yet to be laid out. To help the tourism industry, the government is giving out visas to the first 500,000 tourists free of cost. The scheme will be applicable till March next year.   In 2019, India had seen nearly 11 million international tourist arrivals which translated into $30 billion of foreign exchange.  With the sale of Air India to the Tata group concluding by the end of this year and Jet Airways resuming operations soon after, the new year promises to be full of new beginnings for Indian aviation.  Also, Akasa Air, the new airline backed by billionaire Rakesh Jhunjhunwala which received a no-objection certificate from the government on October 11, expects to start flying next year.  Akasa Air still requires a clearance from the DGCA, besides other permissions. Jhunjhunwala has joined hands with former IndiGo President Aditya Ghosh and Jet Airways CEO Vinay Dube to launch this low-cost carrier. As aviation demand inches towards the pre-pandemic level, the time may be ripe for Akasa Air to start operations.  One major headwind that might work against the industry, meanwhile, is the high price of aviation turbine fuel. Fuel now accounts for 40% of the cost of running an airline in India.  In Chennai, state-run fuel retailers have increased ATF prices by 9% in the past month and 83% in the past year to about Rs 74,500 per kilolitre. The increase comes amid a rise in global crude oil prices reflecting an improving demand. Further, the government's refusal to do away with fare caps that have been in place since May last year will also impact the aviation market's recovery. The floor prices were imposed by the government to protect financially weaker airlines during the pandemic, while upper limits ensured that customers were not overcharged. Now that demand is back, airlines have been asking for restrictions on fares to be lifted. In a minor relief, the government last month allowed airlines to set their own fare for travel beyond 15 days from the date of booking, instead of the earlier 30. This is expected to increase competition among the airlines during the holiday season.   If the current trend sustains and there is no sudden surge in Covid-19 infections, the Indian civil aviation sector may be on the verge of a turnaround.  Watch Video

Rakesh Jhunjhunwala-backed Akasa Air has secured the crucial no-objection certificate (NoC) from the civil aviation ministry. He wants to set up the new airline in India on the optimism that more people will travel by air. The carrier expects to start operations next summer. Billionaire investor Rakesh Jhunjhunwala, also known as Warren Buffet of India, has invested Rs 247.50 crore for a 40 per cent stake in an ultra low-cost carrier, Akasa Air. According to Forbes, Jhunjhunwala has an estimated net worth of $4.6 billion. Another big name of Dalal Street, Madhav Bhatkuly, founder of investment fund New Horizon, has also has also invested around Rs six crore in the company. Bhatkuly is known for identifying big companies at early stage. The ace investor is planning to launch the airline with former Jet Airways CEO Vinay Dube and former president of Indigo, Aditya Ghosh is also collaborating with him for the venture. Dube has roped in many of his former colleagues from Jet Airways and GoAir, where he served as CEO. Senior executives on board are: Promoter Vinay Dube is the CEO. Praveen Iyer has been appointed chief commercial officer. Iyer, a former colleague of Dubey at Jet Airways, is one of the founding members of the team Neelu Khatri who has been appointed as head of corporate affairs, was most recently president of Honeywell Business in India. Anand Srinivasan (chief information officer). Srinivasan used to head revenue management at Go Air. Bhavin Joshi as senior vice-president of finance and aircraft leasing. The company hired Ankur Goel, former head of IndiGo's treasury and investor relations, as chief financial officer. Goel, was a core member of the team that led IndiGo's public listing in 2015. With Goel's hiring, the airline has now completed hiring of its top management.   Sweat equity The key executives have been allotted 63-125 company shares each in form of sweat equity. Till the time the company starts generating revenue, it has decided to compensate employees through sweat equity. Now what is that? Sweat equity is a non-monetary benefit that a company's stakeholders give rather than a monetary contribution. This is offered normally in start-ups where employees receive stock or stock options, becoming part-owners of the firm, in return for accepting salaries, which are lower than industry standards. About the new airline Akasa Air will now have to apply for the Directorate General of Civil Aviation for operations permit. It would be flying as many as seventy 180-seater aircraft. The team has built a route network covering 30 airports with a 70 aircraft fleet. In a statement, the airline said that it plans to offer flights across India, with an aim to be the nation's most dependable, affordable and greenest airline. It aims to start operations by the summer of 2022 and plans to operate approximately 70 planes in the next four years. The airline intended to place bulk aircraft orders and induct 20 planes within a few months of launch. Industry sources expect it could help it earn valuable sale and lease back income and achieve a certain scale to take on competition, such as IndiGo. Market leadership gives pricing power to control fares, favouring the market leader. Airbus's A320 or Boeing's B737 Airbus Chief Commercial Officer Christian Scherer recently told PTI that the plane maker is in conversation with Akasa for an aircraft procurement deal. Although, multiple media reports had said two months back that the airline is in talks with US aerospace company Boeing for buying up to a hundred 737 Max aircraft. Now, Airbus's A320 series of aircraft competes with Boeing's B737 series of planes in the aviation market. IndiGo flies the most successful single aisle airplane in the world (Airbus's narrow body aircraft) and it is also the most modern, which is the A320 and now the A321. Among all Indian carriers, only SpiceJet and Air India Express ope

In 2019, India was rocked by the news that its leading airline was shutting down operations after a year of losses. Very soon all eyes were turned to Jet Airways founder Naresh Goyal. Allegations of corruption, mismanagement, and dark involvements permeate the air forcing him away to England. Today, we explore this unfinished tale of this majestic bird and its clipped wings. Listen all the way to the end! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/scamkingstc/message

The suspension of flights by Jet Airways is another casualty of price wars and flawed business models. Experts discuss how Jet could recast its model to fly again. See acast.com/privacy for privacy and opt-out information.

Singapore Airlines swung back to solid profits in 2015. Does this turnaround mean the airline is returning to its former glory, not seen since 2010? Or are low fuel prices just making everyone look good? Korean Air and Asiana continue to struggle with profit margins that barely stayed in positive territory. And the two Korean carriers are facing a new threat by way of some possible deregulation from China's government. India's Jet Airways is seeing a dramatic improvement in its profits—could this carrier also be returning to its former glory? WestJet managed a nice fourth-quarter profit despite currency problems and a home market vulnerable to oil prices. And lastly, we consider Delta CEO Richard Anderson's retirement.

Regardless of whether it's up or down, India's airline market tends to be one of thrills and spills. And right now, we're seeing both—IndiGo is providing the thrills, Air India the spills. Meanwhile, Jet Airways and SpiceJet are holding their own. Believe it or not, that's a step forward. Not too long ago, it was all misery. Are we seeing the beginning of a stabilizing trend fueled by, well, cheap fuel? Or will growing competition from the likes of Vistara and AirAsia India keep it forever a tumultuous airline market? Also, we look at Korean Air's difficult situation and offer our two cents' worth of advice. Plus, has the U.S. market reached a bottom on ticket prices?

Whew! The busiest week of earnings season has us hustling. We kick off our around-the-world sprint with IAG, the airline group that is British Airways, Iberia, Vueling and more recently Aer Lingus. While IAG led Europe's Big Three in profits, Lufthansa nonetheless posted its own all-time record, and Air France/KLM was no slouch. Still benefiting from its restructuring, Japan Airlines had fantastic profits, while All Nippon Airways had merely a fine quarter. We also check in on China's Big Three, Icelandair, Aeromexico and Jet Airways. Plus, why is Spirit Airlines not all that concerned about its profit margin? That's a lot of airlines in a single podcast.

Canada may be a cold place, but right now its two major airlines are cruising along with comfortable profit margins. Still, what we're seeing from WestJet and Air Canada is a far cry from what U.S. carriers are experiencing. Why is there such a disparity of results within North America? Also, we head to the Korean peninsula to talk about Asiana and Korean Air, both of which endured a number of challenges in their second quarter, including a MERS virus outbreak and a weakening cargo industry. And if that weren't enough tumult, China is now devaluing its currency. Plus, we touch on Finnair, Jet Airways and Air Berlin.