Sunday, 6 January 2013

Is It now End OF The Road ? Kingfisher Airlines Ltd may lose International rights, slots



 KingfisherBSE -2.37 % may theoretically have two years to restart operations but top aviation ministry sources say that unless the airline does so in the next month or two, it could well be the end of the road for it. For the airline's international flying rights—which remain in demand even when domestic traffic is dipping sharply—are going to be given to other Indian carriers, along with its airport slots, in the coming summer schedule if KFABSE -2.37 % shows no sign of life soon.
And then Kingfisher, which in its eagerness to start flying abroad before completing five years had bought Air Deccan to do so on its permit, will have to wait endlessly for foreign rights. "After that an airline will be able to get more foreign routes only when India and other countries enhance their bilateral flying. If Kingfisher has to start flying , it must do so in the coming weeks. Both state-run Airports Authority of India and private metro airports are also not going to reserve its slots, both domestic and international , forever," said a senior official.



Aviation authorities handling the Kingfisher crisis say they do not see any urgency among promoters to raise funds to restart flying. While the airline's licence was expiring in the New Year, the management simply submitted an 'unsatisfactory' revival plan. Director general of civil aviation Arun Mishra had called the airline's VP Hitesh Patel on December 29 (a Saturday) to point out the various loopholes in the plan. The idea: the airline must have a working day (December 31, a Monday) to resubmit if it had anything concrete to offer.

"The airline management just gave an unsatisfactory plan and did not even bother to find out what our response to that was. We really wonder if they can raise funds and have any concrete plans to do so because of the dire condition the airline is in with a collective debt-cum-loss of over Rs 15,000 crore," said an official.

Sources indicate that the promoters wanted to somehow make the airline fly again so that they can sell it off. "Who is going to put in money in a grounded airline? Without putting funds, the management wanted us to give the nod to fly again and then get an investor. We have very clearly told them that get funds first either through an investor or through internal group funding, pay off employees and others and then fly," said an official.

END OF THE ROAD?

Aviation authorities, which are handling the Kingfisher crisis, say they do not see any urgency in the promoters to raise funds. While the Airline's licence was expiring in New Year, the management submitted an 'unsatisfactory' revival plan. Kingfisher, which in its eagerness to start flying abroad before completing five years had bought Air Deccan to do so on its permit, will have to wait endlessly for foreign rights. "Both state-run Airports Authority of India and private metro airports are also not going to reserve its slots, both domestic and international, forever," said a senior official




Kingfisher Airlines may lose international rights, slots
Economic Times
NEW DELHI: Kingfisher may theoretically have two years to restart operations but top aviation ministry sources say that unless the airline does so in the next month or two, it could well be the end of the road for it. For the airline's international ...
See all stories on this topic »

Economic Times
Feeling a bit bashful? Kingfisher appears a little camera shy as it hides ...
Daily Mail
Anyone can tell you what a pain it is to be photographed when you're not in the mood. And this kingfisher was clearly feeling a little camera shy as it turned away from a prying lens. The beautifully coloured bird wrapped his wing around his emerald ...
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Daily Mail
Kingfisher receives funds
Vernon Morning Star
Colin Mayes, MP for Okanagan-Shuswap, announced federal funding for improvements to theKingfisher Community Society's hall, school and park under the federal government's Community Infrastructure Improvement Fund (CIIF). “Our government is ...
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Due to Global Recession Falling passenger numbers emerge as top threat to Airlines


Falling passenger numbers emerge as top threat to airlines
Livemint
Domestic traffic in India has accelerated since 2004, posting a compounded annual growth rate of 18.1% between financial year 2004 and 2012, thanks to liberalization of the market and the advent of low fare carriers. Photo: Ramesh Pathania/Mint ...
See all stories on this topic »


Livemint
Kingfisher Airlines' lenders to meet on Jan. 18
Hindu Business Line
The 17-bank consortium that had funded the grounded Kingfisher Airlines Ltd will meet at Mumbai on January 18. Bankers are expected to take a final call on initiating recovery proceedings against the beleaguered private airline, which has a liability ...
See all stories on this topic »
Now, airlines won't have to fly on non-viable routes
Business Standard
Instead airlines wanting to fly designated routes which are considered non-viable will be given subsidy through the recently floated Essential Air Services Fund (EASF). This will be funded partly through central government budgetary support and partly ...
See all stories on this topic »

Savvy travelers can avoid airline fees
Chicago Daily Herald
He's talking about the fees the airlines add to the cost of travel. "Last week, while flying home after the holiday, my bag was 3 pounds over the allotted weight," Johnson said. "It cost me an extra $50. That added nearly 25 percent to the cost of my ...
See all stories on this topic »
Asiana Airlines completes Aeta village project
Malaya
Asiana Airlines (OZ) has announced the completion of the final stage of its Self-Sustaining Village Project for the Aeta tribal community in Pampanga. Through the Asiana Welfare Corps, in cooperation with the Korea International Cooperation Agency, the ...
See all stories on this topic »
Airlines and the rise of designer bastardry
Crikey (blog)
Being at a dinner party where everyone supports different airline brands with the same fervor as political parties or a football club can be more stressful than trying to moderate an on-line brawl. But you do learn things. One such thing is that while ...
See all stories on this topic »
2013 Travel industry changes affecting the airline travel cost
Examiner.com
Changes occurring in the airline industry may take consumers by surprise, with no formal warning of what's in-store. What you can expect is changes to airline fee structuring. For those travelers who use multiple fee based services, some airlines will...
See all stories on this topic »






After banner year at Ben-Gurion airport, local airline executives deliver ...
Haaretz
Despite the woes of the world's airlines, 2012 was actually a good year for international aviation to and from Israel. About 12.4 million passengers transited through Ben-Gurion International Airport over the course of the year, the Israel Airports...
See all stories on this topic »

Haaretz
Business 2013: American Airlines' future expected to dominate 2013 aerospace ...
Tulsa World
Barring NASA rover Opportunity's discovery of intelligent life on Mars or another terrorist attack involving commercial aircraft, AMR Corp. and American Airlines' bankruptcy restructuring is expected to be one of the major aerospace stories in 2013.
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Saturday, 5 January 2013

Think positive and succeed! Businesses should select Energetic Marketing Steps


Looking at a challenging New Year, Global Businesses should select energetic 



marketing steps. This type of discretion is necessary with tight budgets 

calling for expenditure controls. Your  Businesses to make at least one 

impression per month with everyone in their database.
Examining your marketing plan and making amendments where necessary. Here 

offered a few marketing tips:

• With the help of others, think your plan through carefully
• Commit it to writing
• Commit it to action
• Give it a chance to work
• Establish benchmarks
• Analyze results
• Don’t be affair to amend the marketing plan, if necessary
• Keep your eye on the ball and the prize.


Success is detrmined by many factors some of them are intrinsic while others 

are extrinsic. This is a list of famous quotes about success.

A belief

I've always believed that if you put in the work, the results will come.
Michael Jordan
A failure

Show me a thoroughly satisfied man and I will show you a failure.
Thomas A. Edison
A pessimist versus an optimist

A pessimist sees the difficulty in every opportunity; an optimist sees the 

opportunity in every difficulty.
Winston Churchill
Accepting failure

I can accept failure, everyone fails at something. But I can't accept not 

trying.
Michael Jordan
All great deeds

All great deeds and all great thoughts have a ridiculous beginning. Great 

works are often born on a street corner or in a restaurant's revolving door.
Albert Camus
An artist cannot fail

An artist cannot fail; it is a success to be one.
Charles Horton Cooley
Change

Change will not come if we wait for some other person or some other time. We 

are the ones we've been waiting for. We are the change that we seek.
Barack Obama

Climbing

To climb steep hills requires a slow pace at first.
William Shakespeare
Constant dripping

Constant dripping hollows out a stone.
Lucretius



Consult not your fears

Consult not your fears but your hopes and your dreams. Think
not about your frustrations, but about your unfilled potential.
Concern yourself not with what you tried and failed in, but with
what it is still possible for you to do.
Pope John XXIII
Critics

If you have no critics you'll likely have no success.
Malcolm X
Don't become discouraged

Nearly every man who develops an idea works it up to the point where it looks 

impossible, and then he gets discouraged. That's not the place to become 

discouraged.
Thomas A. Edison
Dreams and success

If one advances confidently in the direction of his dreams, and endeavors to 

live the life which he has imagined, he will meet with success unexpected in 

common hours.
Henry David Thoreau
Easy or difficult

All things are difficult before they are easy.
Thomas Fuller
Failing

I've failed over and over and over again in my life and that is why I succeed.
Michael Jordan
Failure

Success is not final, failure is not fatal: it is the courage to continue that 

counts.
Winston Churchill
Glory

Our greatest glory is not in never falling but in rising everytime we fall. 
Author unknown

Hard to fail!

It is hard to fail, but it is worse never to have tried to succeed.
Theodore Roosevelt
How far?

Only those who will risk going too far can possibly find out how far one can 

go.
T. S. Eliot
I have not failed

I have not failed. I've just found 10,000 ways that won't work.
Thomas A. Edison
Intelligence without ambition

Intelligence without ambition is a bird without wings.
Salvador Dali
It freed me

I didn't see it then, but it turned out that getting fired from Apple was the 

best thing that could have ever happened to me. The heaviness of being 

successful was replaced by the lightness of being a beginner again, less sure 

about everything. It freed me to enter one of the most creative periods of my 

life.
Steve Jobs

key to success

Continuous effort - not strength or intelligence - is the key to unlocking our 

potential.
Winston Churchill






Think positive and succeed! - Phoenix Small Business Marketing ...
One of my most reliable sources for marketing material is a long time Valley of the Sun entrepreneur, Allan Starr of Marketing Partners in Phoenix ...
www.examiner.com/article/think-positive-and-succeed?cid=rss
Think Positive. | Daily Positive Quotes
Think Positive. Previous day quote. Next day quote. Think Positive. 2013-01-03. Tweet. Previous Quotes. Learn from yesterday, live for today, hope for tomorrow ...
dailypositivequotes.com/quotes/think-positice20130103374

Friday, 4 January 2013

Due to Global Recession now Infosys and Kingfisher both are in Trouble :(


  


A meeting between the management of Kingfisher Airlines and lenders to the company on Friday remained inconclusive. The core group of lenders, which met the airline’s management at the UB Group headquarters here, declined to give a no-objection certificate to the airline.

In late October, the Directorate General of Civil Aviation ( DGCA) had suspended Kingfisher Airlines’ licence and urged the management to come up with a concrete revival plan. It had also advised the airline to hold discussions with various stakeholders before its licence could be renewed. The airline, which owes its lenders Rs7,500 crore, also has to pay dues of Rs250 crore to the Airports Authority of India.


It also owes dues to aircraft lessors and a host of other vendors.
The airline, going downhill since November 2011, has struggled to raise any debt or equity to revive itself.

Late last year, Kingfisher Airlines had given a revival plan to the DGCA. It had stated the UB Group would infuse Rs650 crore through the next 12 months. As no details were provided, the lenders, as well as DGCA, sought a concrete action plan.

According to norms, the airline can apply for a renewal of its licence within two years, or before 2014-end.

In addition to discussing an extra line of working capital with bankers, the UB Group management has also held talks with Etihad Airlines for equity infusion, albeit without much success.

Since it started operations in 2005, Kingfisher Airlines has never recorded profits and its net worth has eroded substantially. The airline struggled to keep its stakeholders together. The company also faced a severe backlash from its employees, many of whom have not been paid for about a year.

On Friday, the Kingfisher stock closed at close Rs14.40 on the National Stock Exchange, a fall of 2.7 per cent.



Due to Global Recession now Infosys also to fire up to 5,000 workforce, 

InfosysBSE 0.51 % has begun sacking employees at the bottom of the performance pile, returning to a practice it adopted during the peak of the global economic crisis in 2008 and 2009, according to people familiar with the development.

The renewed lack of tolerance for poor performance, which will affect up to 5,000 employees, is indicative of the pressure the software company faces to curtail costs while pivoting towards a more aggressive sales strategy.

The Bangalore-based company is resorting to retrenchment by suspending a plan crafted by co-founder NR Narayana Murthy to help underperformers come up to scratch. Instead of giving underperforming staff up to six months for retraining, India's second-largest software company is asking the worst performers, about 3-4% of the 1.5-lakh workforce, to leave straightaway.

Infosys spokeswoman Sukanya Ghosh did not reply to emails, phone calls and text messages seeking the company's comments.

This is the latest in a series of management decisions perceived as employee-unfriendly. Some months ago, Infosys, which has been lagging the industry in growth for over a year, had frozen salary hikes, blaming bad market conditions and insufficient visibility into near-term growth. It relented eventually and announced increments after its main rivals revised salaries for staff.

"Earlier, companies would go the extra mile to retain them (poor performers). But lately, due to slow business growth, they are seriously looking at downsizing," said Kris Lakshmikanth, CEO of Headhunters India, a human resource consultancy.

With a sales growth forecast of about 5% for the year to March 2013, Infosys figures at the bottom among India's top IT firms. Analysts expect Infosys to further lower growth guidance when it announces earnings for the three months to December on January 11.
Infy Eyeing Riskier Deals

In a report on Tuesday, Vishal Agarwal, equities analyst at brokerage Jefferies, wrote that he expects the forecast to be lowered to 4%, excluding contribution from Lodestone, the Swiss company that Infosys acquired in September for $350 million. In comparison, Nasscom expects the industry to grow at more than double the pace, or at least 11%.

Infosys, which is perceived as a conservative company, has been sending out signals that it is more willing to take on riskier deals, some of which involve taking over assets and employees of clients.

A more aggressive customer-acquisition strategy comes with the danger of diluting margins, a prized metric for the company.

"An additional month (of retaining a low-performer) would be an additional cost to the book," said Vijay Sivaram, business head for recruitment solutions division at Bangalore-based HR consultancy Ikya.

In a similar move in 2009, Infosys had pink-slipped more than 2,000 employees at the bottom of the performance heap.

Post the financial crisis, which began in 2008, work volumes haven't picked up significantly for Infosys, resulting in increasing number of employees not working on any billable projects.

Among Indian IT companies, Infosys and WiproBSE 1.47 % have the lowest efficiency levels, with about 30% of employees sitting idle.

"We believe cleaning out employees at the bottom of the pyramid will become the new norm across all IT companies and will stay for this year," said Sangeeta Lala, co-founder of TeamLease.


Gopalakrishnan-led Infosys to fire up to 5,000 workers, India's Infosys is planning to lay off up to 5,000 employees as the software services provider looks to cut costs and boost sales, a report indicated on Friday.
The report came as Infosys Ltd executive co-chairman S. Gopalakrishnan was quoted by other reports as saying 2013 will be better than last year for India's IT industry.

Gopalakrishnan was quoted as saying brighter prospects for the United States and China would help the IT sector, as he addressed an event for the Infosys Science Foundation on Thursday.

Infosys, which is also listed in the United States, added the number of potential under-performers that could leave the company was "significantly lower" than the 5,000 quoted in the report.

Infosys shares were up 0.5 percent, in line with the 0.6 percent gain in the IT sub-index.

Amid speculation of large scale layoff at Infosys affecting nearly 5,000 employees, country's second largest software services company on Friday said it actively asks the "under-performers to seek other jobs".

Without giving the exact number of the affected employees, Infosys said in a statement that this will be lower than 5,000.

The company did not disclose the number despite repeated attempts.

"This (the report) is wrong in two different aspects. One, there is no layoff. Infosys is a performance-driven company. And like any performance-driven company, it actively manages under-performance and encourages chronic under- performers to seek other jobs," it said in a statement.






While stating that the affected number might be lower than 5,000 quoted in the report, the company said such steps are part of normal business routine.

"Two, the number that may be affected is significantly lower than the 5,000 quoted in the article. For a performance- driven company with more than 1,50,000 employees this is part of the normal ebb and flow of running a business," it said.

Infosys said such steps are taken regularly and is not a "one-time event".

"This is done regularly and is not a one-time event. We have a robust performance management system that includes structured appraisals and performance feedback," the statement said.

The BSE-listed company is scheduled to announce its third quarter results on January 11.






 
- Jet Airways surges on Etihad deal report
- Mysore to be reconnected by air from January 14
- Kingfisher should revive for employees, passengers: Ajit Singh
- Kingfisher and Suzlon to weigh on IOB's Q3 show
- Skies might open up
- Kingfisher loses licence

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Bankers oppose Kingfisher Airlines' revival plan
Zee News
Bangalore: A consortium of lenders, led by State Bank of India, Friday opposed ailingKingfisher Airlines' plan to resume operations and insisted on "better commitments" from the carrier. The meeting between lenders and the KFA management remained ...
See all stories on this topic »

Zee News
New Delhi Wants Kingfisher to Fly
Wall Street Journal (blog)
For Kingfisher Airlines, 2012 ended on a sour note: it lost its license after it failed to convince the government that it has enough money to start flying again. Its license to fly in India expired on Dec. 31. The question is how fast the cash ...
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Wall Street Journal (blog)
Kingfisher creditors set to begin recovery proceedings
Livemint
Mumbai: Creditors of grounded Kingfisher Airlines Ltd are set to begin recovery proceedings if parent UB Group doesn't infuse the funds that are needed for a limited resumption of flights, bankers said on Friday. A group of six lenders to the airline ...
See all stories on this topic »

Livemint
Kingfisher Airlines may lose airport slots
The Leading Aviation Industry Resource for News, Equipment and
Jan. 04--MUMBAI -- State-run Airports Authority of India (AAI) has warned Kingfisher Airlines Ltd, grounded since October, that it will start taking away space allotted to the troubled airline at airports across the country if it fails to submit a ...
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Lenders refuse to give Kingfisher NoC
Business Standard
A meeting between the management of Kingfisher Airlines and lenders to the company on Friday remained inconclusive. The core group of lenders, which met the airline's management at the UB Group headquarters here, declined to give a no-objection ...
See all stories on this topic »
Bankers oppose Kingfisher's revival plan
Business Standard
As per the revival plan submitted to DGCA last month, Kingfisher had said it would require about Rs 652 crore over the next 12 months for running its operations. These funds would come from the UB Group's resources as banks were unwilling to fund the ...
See all stories on this topic »
See upside in SpiceJet, Kingfisher: Tulsian
Moneycontrol.com
Tulsian told CNBC-TV18, "In Jet Airways I have been taking a call that at Rs 630 when the talks were all coming that USD 400 million is the value that Jet Airways is looking for their 24 percent stake, which now got pruned to about USD 330 million. But ...
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Your Good Times tell the World Who You Are and Your Bad Time tells You What The World Is

Your Good Times  tell the World  Who You Are and  Your Bad Time  tells You  What The World Is Manbir Kaur Director AirCrews Aviation Pvt Ltd...