Hello all,
I m Chaitanya, an Indian Commercial Pilot trained in Canada.I reside in Hyderabad where Bjets office s located.Last week I had visit to their office.The response of their staff was really good and their business partner s TATA(Company who recently bought Ford Jaguar).Things are pretty good within the company.But the main issue s DGCA.They have problems not only in hiring but everything.Have a look at this article:
AsiaViews, Edition: 10/V/April/2008
India:
Tata-BJETS air services plan strikes FIPB block
New Delhi, April 2: It is a setback for the Singapore-based aviation services company — BJets — which proposed to foray into India with non-scheduled chartered airline services. Foreign Investment Promotion Board (FIPB) has set aside the BJETS proposal to set up the largest corporate jet company in the country, an official said.
"There is a problem relating to equity restructuring in the Indian subsidiary of BJETS that needs clarification," a senior official said.
BJETS had floated an Indian subsidiary in which Tatas had picked up 37 per cent to foray into providing non-scheduled aviation services. Parent company, BJETS based in Singapore is part of the privately held investment group, Briley. Briley has holdings in aviation, hospitality, business process outsourcing and other related businesses.
But, the FIPB application had mentioned that BJETS India was a wholly owned subsidiary of BJETS Singapore since the company was in the process of clinching the deal with Tatas.
BJETS India, will have to re-submit the proposal to FIPB maintaining that the foreign equity was only to the tune of 63 per cent as against a threshold of 74 per cent.
When contacted, a Tata spokesman said, "The board has sought certain clarifications on the proposal". A senior Tata Sons executive, however, said, "The company would get back to the board clarifying the equity sharing structure in next few days."
A query sent to the BJETS India spokesperson, Mr Jaideep Sippy, did not elicit a response.
The company had aimed at catering to high net-worth individuals (HNIs) and corporates that are jet-setting to clinch major deals across the globe, acquire companies or undertake mergers and acquisitions to expand Indian footprint internationally.
BJets India, the subsidiary of BJets in Singapore, had planned to order 50 jets to be stationed in the South, Southeastern region.
The company had proposed an investment worth $600 million to begin with, in the non-scheduled chartered airline services.
The company had proposed to use the Seletor airport in Singapore as the main base while having yet another base in Mumbai to locate its flights operations centre in Hyderabad.
In September last year, before the deal with Tatas was clinched, BJETS global head of operations, Mr Mark Baier, had said, "We are in the research stage right now and hope to arrive at a conclusion by early next year".
The latest FIPB decision may delay the BJETS foray into India pending final clearance by the government.
By K.A.Badarinath Mayur Shekhar Jha
The Asian Age, 03 April 2008
So it not Bjets but DGCA who s the main culprit.And I will give you small example you know for guy to convert Foreign license to Indian the quickest time s 6 months.