The Indian Scene
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The Indian Scene
It's starting to get a bit interesting here now. News report indicate that GOair is slashing it's operations by about half; JetAirways is not renewing expat contracts; Spicejet has a hiring freeze and is wetleasing crews, losing 2 million USD a day; Kingfisher is trying to acquire stake in Spicejet, some announcement by Mallya due this week according to news reports.
Hiring of pilots now--Forget it. New CPL holders--it is going to be impossible to get a job in this market. There will be plently of qualified folks floating around (Indian candidates).
Expats--Writing is on the wall. The party is about to be over in India. It is costing a ton of money to keep expats on payroll. I would say for each expat Capt around $18,000-$20,000 per month. That is if you count hotel costs. Airlines will start exercising their 30 day exit clauses soon if they have to slash staff. Indian staffers will be forced to take paycuts.
Not to say there won't be hiring again in the future. But for now it is pretty much over.
Hiring of pilots now--Forget it. New CPL holders--it is going to be impossible to get a job in this market. There will be plently of qualified folks floating around (Indian candidates).
Expats--Writing is on the wall. The party is about to be over in India. It is costing a ton of money to keep expats on payroll. I would say for each expat Capt around $18,000-$20,000 per month. That is if you count hotel costs. Airlines will start exercising their 30 day exit clauses soon if they have to slash staff. Indian staffers will be forced to take paycuts.
Not to say there won't be hiring again in the future. But for now it is pretty much over.
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I dont think soooo
WHY would Mallya buy Spicejet? He has problems with Deccan allready..his is trying to sell Deccan to others...sooo he can buy Spicejet..total different fleet...yes that would make some sence? Anyone who put money on ANY airline here in INDIA is a moron, let alone a business man. Second...At Deccan, indians pilots are payed more and work less then expats here. Mallya needs to get off the high horse of his and stop bull
ing the news agencies. He and his clowns are clueless about the airline business.
Enjoy
ing the news agencies. He and his clowns are clueless about the airline business. Enjoy
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Deja Vu of the mid 90's
History will repeat itself in Indian Aviation. There were numerous players like Modiluft, Eastwest etc..The main areas of deficiency in running an airline in India is a lack of market research and heirarchial management.
Jet Airways seems to be the only company that has got IT right. Unlike other businesses, airline management has to be done on a 1/2 hourly basis. Despite the hiring of some big names, decisions take time to flow down the assembly line in Indian airline companies.
Kingfisher may weather it out because they have billions and are spending a few million to run the airline. If it goes down , it will just be a few red ink lines in their loss report.
The other airline companies will probably not exist in the future.
Jet Airways seems to be the only company that has got IT right. Unlike other businesses, airline management has to be done on a 1/2 hourly basis. Despite the hiring of some big names, decisions take time to flow down the assembly line in Indian airline companies.
Kingfisher may weather it out because they have billions and are spending a few million to run the airline. If it goes down , it will just be a few red ink lines in their loss report.
The other airline companies will probably not exist in the future.
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simple bussiness
nobody made money by flying aeroplanes in india till now.
Sahara+ deccan were the true bussiness people to sell & exit with pockets full at right time.
now its the matter of time who can take losses & for how long.
Sahara+ deccan were the true bussiness people to sell & exit with pockets full at right time.
now its the matter of time who can take losses & for how long.
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What About Air Deccan these days?
I just got an offer from Air Deccan? Does anybody know what the latest is with them? I heard KFA bought them? Any ideas on whether this will be a good gig to take will be welcome.
Thanks
Thanks
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Spice Jet
Thanks, I guess I misunderstood something that I read a couple of weeks back. I also have to agree that selling off an airline last year was a good idea. Today, it is going to be real hard.
.. hmm seems interesting everyone s aquiring Spice Jet
!
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Lucky Guys
Getsetgo.... you're right on the money with that observation. I'm sure ex-Sahara and Deccan folks have had the last laugh.
Again, so much for market research, strategy and sound judgement. Fame and fortune was the name of the game and I'm sure there will be a few famous folks in the history books like modiluft, eastwest etc..
Where India's airlines went wrong- Guest Writer-Opinion-The Economic Times
Again, so much for market research, strategy and sound judgement. Fame and fortune was the name of the game and I'm sure there will be a few famous folks in the history books like modiluft, eastwest etc..
Where India's airlines went wrong- Guest Writer-Opinion-The Economic Times
Last edited by flightknight; 6th Jul 2008 at 00:34. Reason: add
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Working in India
Does anyone know please the situation for working long term in India on a FATA & work-visa? Is it true that either 2010 or 4 years is the maximum period for good? How can this be extended? What might the work permits be if marrying an Indian lady? Thank for your help. Cheers
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Am already here working in India & prospects are excellent here for a rotory pilot, have met a lady here & enquiring about the longer term visa & work permits, having secure work here will be no problems in the rotory field
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indian scene
other than the price of crude who else is to be blamed for this mess
is it because everyone over rated the economy or the market or was too flambouyant in ordering hundred plus aircraft per airline which today sit on tarmac staring all in the industry at the foolishness of a trade which might die down just as it was beging to grow
market capitalizations are getting eroded by the hour and losses are rising too
the next stage is job losses which may come in at a time when these specialized people are not going to be able to find equivalent highly paid jobs
what do you think is the way out
is it because everyone over rated the economy or the market or was too flambouyant in ordering hundred plus aircraft per airline which today sit on tarmac staring all in the industry at the foolishness of a trade which might die down just as it was beging to grow
market capitalizations are getting eroded by the hour and losses are rising too
the next stage is job losses which may come in at a time when these specialized people are not going to be able to find equivalent highly paid jobs
what do you think is the way out
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There is no way out. The folks here and perhaps elsewhere have dug a deep hole and getting out is going to be very difficult. Whether the population or Government likes it or not, some airlines will fold, others will seek buyout or consolidation. Bottom line--UNEMPLOYMENT FOR SEVERAL THOUSAND PILOT APPLICANTS FOR A FEW YEARS AND FORCED PAYCUTS.
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ur are there flight night
............................................................ ...........................
Getsetgo.... you're right on the money with that observation. I'm sure ex-Sahara and Deccan folks have had the last laugh.
Again, so much for market research, strategy and sound judgement. Fame and fortune was the name of the game and I'm sure there will be a few famous folks in the history books like modiluft, eastwest etc..
............................................................ ..........................
things are much more deeper......................
pilot has no time to laugh,fly or prepare new C.V.
............................................................ ...........................
Getsetgo.... you're right on the money with that observation. I'm sure ex-Sahara and Deccan folks have had the last laugh.
Again, so much for market research, strategy and sound judgement. Fame and fortune was the name of the game and I'm sure there will be a few famous folks in the history books like modiluft, eastwest etc..
............................................................ ..........................
things are much more deeper......................
pilot has no time to laugh,fly or prepare new C.V.