Company working on 'win-win' solution.
Already, according to a KPMG study on the subject, India's airlines will need approximately 13,800 by 2012 (the demand projected for the next year is 7,628 and despite ministry efforts, the problem is yet to go away.
Jet's supremacy has now been challenged by a nimble and aggressive Kingfisher which, in just two years and following Mallya's buyout of Air Deccan, is commanding the same market share as Jet Airways and Jetlite.
GMR Infrastructure, the co-developer of Delhi International Airport (DIAL) and Hyderabad International Airport (HIAL), is looking at bidding for privatisation of Prague airport in the second half of 2008, one of the more profitable state-run enterprises in East Europe.
He came to do one job but finds himself doing another. He came to work with a certain set of people and finds himself working with quite another. That's the piquant situation in which Ramki Sundaram, the 38-year-old officiating chief executive officer of SimpliFly Deccan finds himself today.
Even as the date for the two new state-of-the-art international airports in Bangalore and Hyderabad to start operations comes closer, lobbying to prevent closure of the existing facilities -- at the Airport Authority of India's Begumpet airport in Hyderabad and HAL airport in Bangalore -- has got louder.
The gated complexes that today command anywhere between Rs 1,500-3,500 per square foot were sold to original allottees at a measly Rs 200 by builders. Several non-resident Indians bought up 10-12 plots each and are still holding them empty, in anticipation of future gains once the airport becomes functional. Anyone back then who'd had the money and the sense to follow the lead of the local politicians will be thanking his stars.
The oral proposal to reduce the number of years of domestic flying from five to three years for airlines to qualify for international operations has been given a quiet burial.
The issue of increasing inequality on the consequences of the economic policy trajectory has featured prominently in the public debate since the early 1990s. It came to a head during the general elections of 2004.
Analysis by the Business Standard Research Bureau shows that, of 128 sectors, the market capitalisation of 54 sectors on Wednesday was below the level in May 2006. Likewise, nearly 47 per cent of stocks are languishing.
On the issue of allowing domestic carriers to fly overseas before their completing 5 years of domestic operations, the document does not mention anything.
Air Deccan, which was forced to sell 26 per cent to Kingfisher Airlines chairman Vijay Mallya's UB Holdings to keep its head above water a few months ago, is likely to break even before Kingfisher.
If things go as planned, Navi Mumbai will emerge as one of the most accessible areas in the city of Mumbai and prices on its Palm Beach Road will be close to the city's famous Marine Drive some years down the line.
According to officials, at last count at least six large groups or consortiums are vying for this project, which is expected to change the way Mumbai is viewed some years down the line.
After the resounding success of ipod, sales of which have crossed the 100 million mark, everyone started asking why Apple was not bundling a phone with it to compete with other multimedia phones.
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