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Centre for Asia Pacific Aviation (CAPA) India report suggests That Abu Dhabi based Etihad Airways may part ways with India’s Jet Airways. However, Etihad has denied the report. In an interview to CNBC-TV18, Kapil Kaul of CAPA spoke at length about the same.
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What a dream run it has been for the Indian equity market in 2017 - and who would have thought. If we rewind back and talk about all the gloom and doom that were surrounding us back in December of 2016; demonetisation and impending huge indirect tax reform. Well, the Indian market has come a long way and come on top.
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Jet Airways announces metal neutral partnership with Air France-KLM and Delta for the development of their operations between Europe and India. In an interview with CNBC-TV18, Kapil Kaul, CEO of CAPA discussed the impact.
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The upgrade on the Moody’s rating is also going to help us in terms of the sale and leaseback of the various aircrafts, which we are going to get, said Amit Agarwal, CFO of Jet Airways.
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Jet Airways posted a muted quarter with the bottomline getting a boost from higher other income even as fuel, employee and other costs remain elevated. In an interview to CNBC-TV18, Amit Agarwal, CFO, Jet Airways spoke about the latest happenings in his company and sector from the side-lines of the PhillipCapital Conference.
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Boeing is betting big on India. In an exclusive conversation, CNBC-TV18's Shereen Bhan caught up with Dinesh Keskar, Senior VP, Asia Pacific & India Sales of Boeing Commercial Airplanes and began by asking him on their India outlook.
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Analysts believe an overall 10-15 percent cuts in costs is likely for all take-offs from Delhi. This may be followed by similar news in Mumbai and Chennai.
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Speaking to CNBC-TV18, Krishnan Balakrishnan, Chief Financial Officer at GoAir, said that rising jet prices were affecting the margins of every airline.
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The codeshare pact will give the airline access to 30 destinations in Europe, he said, adding it helps in servicing 11 destinations in the US and Canada.
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Kapil Kaul of Centre for Asia-Pacific Aviation (CAPA) rules out the chances of this investment triggering an open offer as the investment may not be through direct equity but some form of quasi-debt that can be converted into equity later.
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The project was being developed for Jet Airways on a 50:50 profit-sharing agreement.
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The restructuring scheme has been submitted to aviation ministry and we will wait for its nod to make further announcements, said SL Narayanan CFO, Sun Group.
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Airline companies have benefited from low crude prices of late, but crude is unlikely to stay below USD 60/barrel for long, feels Koparkar.
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According to Rajan Mehra, MD, Universal Aviation USA the FAA air safety downgrade is bound to not only impact Air India and Jet Airways but also future projects like Tata-SIA and other airlines that are planning to fly to US.
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SpiceJet-Tigerair agreement is primarily a commercial one. It lacks potential of investment. There are fundamental issues with respect to investments in SpiceJet, so they need to do a lot more before an investor comes forward, says Kapil Kaul.
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According to petitioner Subramanian Swamy, the Jet-Etihad deal is likely to affect Air India as it will sieze away the importance of national airline, which is already bleeding.
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The SC has said that it has not stayed the deal itself but sought replies in four weeks. It hs send notices to aviation ministry, Foreign Investment Promotion Board (FIPB), commerce ministry, Jet Airways and Etihad .
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According to Kapil Kaul of CAPA, the Jet-Etihad deal is unlikely to face anymore hurdles in its operations and the approval by the CCI is just a formality, the deal can progress and get operational.
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Speaking to CNBC-TV18, Aditya Ghosh of Indigo says the strong numbers were a result of better revenues and capacity expansion. The profit after tax (PAT) of the company came to the tune of Rs 787 crore.
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The Cabinet approved the India-UAE Aviation Bilateral Pact. The bilateral pact would primarily help Etihad since they would get access to one of the largest and fastest growing aviation markets in the world, says Kapil Kaul, CEO - India & ME, CAPA.
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JN Gupta, former ED, Sebi and founder of advisory firm, SES, says, in an interview to CNBC-TV18, that Etihad must file an open offer if its share of control in Jet exceeds Sebi's norms.
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Post theJet-Etihad deal, all eyes are set on Delhi-based SpiceJet. Despite strong rumours that the carrier is in talks with Qatar Airways for a potential stake sale, Neil Mills, the firm‘s CEO has clarified that though foreign players have evinced interest in the airline, he cannot confirm any name as of now.
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While hailing the Jet-Etihad deal announced on Wednesday, Saroj Datta, former executive director, Jet Airways, says foreign airways will not be able to revive Indian aviation sector.
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Welcoming the latest development in the Indian aviation space, Sharan Lillaney of Angel Broking says the Jet-Etihad deal will benefit other aviation players too. The valuations of the deal, according to Lillaney will form a base for other such deal valuations.
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director general & CEO, IATA Tony Tyler told CNBC-TV18 that lower taxes, tighter control on costs and creation of adequate infrastructure are key to a business environment that will lure increased investment into the aviation sector
