SL Narayanan, Group CFO, Sun Group, says that the subscription revenues are good and there has been tangible evidence of increased sales of DTH connections on the ground and now the company is in much better shape.
Sharan Lillaney, research analyst, Angel Broking, and Jitendra Bhargava, former ED, Air India talk on the recent developments in the aviation sector.
News of a stake sale in SpiceJet was doing the rounds. But, SL Narayanan, Group CFO of Sun Group denied any such reports and said the Marans continue to hold 48.6% in the airline.
Shares of aviation companies were on the rise after the government allowed FDI in aviation.
Captain Gopinath, MD, Deccan Aviation explains to CNBC-TV18 that FDI in aviation offers the most benefits to the consumer as it will increase the number of airlines in the sector, lower fares and thus provide more choice.
Neil Mills, chief executive officer, Spicejet, says that after five consecutive quarters of losses the airline has managed to post a revenue growth of 51% in this quarter. With the week rupee it is not attractive for us to do hedging.
Delhi-based low fare carrier SpiceJet is attractively placed than its competitors to attract foreign direct investment believes Neil Mills, CEO of the airline. Mills, who seems to be optimistic on FDI in Indian aviation, tells CNBC-TV18 that once the proposal is cleared his airline will evaluate option.
Ajay Singh of SpiceJet says this could have a positive impact on aviation companies and will help airlines deal with jet fuel prices which make up about 40-50% of the total cost.
There was no under-provisioning done in the results, says Neil Mills, chief executive of SpiceJet, replying to comments made by its auditor in a recent report.
Saroj Datta stepped down as board member and executive director of Jet Airways recently, after almost decade at the airliner. CNBC-TV18 catches up with him to source out his rich experience and the way forward for the industry as he sees it.
Analysts say SpiceJet will find it tough to raise funds for its expansion plans, which is crucial in a capital intensive business like aviation. And that is putting pressure on the stock.
In an interview with CNBC-TV18, Dinesh Keskar president of Boeing India's said that the most important focus is on the customers who needs airplanes and the numbers of airplanes which they would add into the country year after year.
Neil Mills, CEO of Spicejet, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, believes that the aviation turbine fuel (ATF) prices would be corrected. He also feels that the change would not be overnight with the Indian mechanism.
In an interview with CNBC-TV18, Neil Mills, CEO of SpiceJet said, the increase in fuel cost hampered the profitability. "I think the next couple of quarters will be tough for the company," he said.
Neil Mills, CEO of SpiceJet Limited, in an interview on CNBC-Tv18, gave his perspective of the third quarter performance and divulged the company's future plans.