LOGISTICS

Presented By Ashna Serah Thomas Elizabeth Griff Joe Kavitha Ravindran Nigin K Abraham Reenu Lukose

Kingfisher Submits Revival Plan to DGCA

(ET : 25th December 2013)

DGCA suspended its permit on October 20th. DGCA officials said, to renew the suspension of its Standard Operating Permit they have to submit a comprehensive Financial and Operational Plan.

Grounded Kingfisher Lacks Funding Plans : Ajit Singh (ET : 27 December 2013)
th

Kingfisher Airlines has failed to present a clear funding plan under a proposal to fly again. Airlines was suspended in October due to unpaid debts and salaries. All stakeholders needed to be convinced the relaunch plan before the DGCA allowed the airline to fly again.

KFA staff seek closure of Airline,Sale of its Assets (10th January 2013)
Employees demanded clearing salary dues by selling companys assets. This was right after lenders decided to take legal action against the company. The Airline has debts of close to Rs.8000Cr. KFA gets NOC from Oil companies DGCA had asked KFA to get NOCs from debtors and stakeholders KFA submitted limited Restart plan to begin operations with promoters UB Group by infusing 652cr DGCA still not convinced as a written commitment by UB Group still hasnt come

Etihad Deal Likely in 10 Days ,Co Yet to Decide on Partner ET : 3 January 2013 (Pg No : 5)
rd

Abu Dhabi based aviation company Etihad might announce an investment in an Indian airline. They would invest either in Jet or Kingfisher. First investment by a foreign carrier in a domestic airline.

Jet Air Confirms Stake Sale Talks With Etihad

(ET,4-1-2013,Friday Page no:3)

Jet is likely to get a huge premium for the strategic deal as the air line is being valued at Rs7875crore. The talk are for the minority stake of around 24% for close to $350 million.

Air India takes off on routes to profitability

ET : 3rd January 2013 (Pg No : )

Grounding of KFA has played a part in recovery of AI in 2012 Market share has increased to 21% from 15.4% Major Reasons:

I. II. III.

Rescheduled flight timings Introduction of afternoon flights with new international routes Govt.pumped Rs400cr with bond issue of Rs7400cr which helped to reduce interest cost

Missing papers stymie AI property monetisation

ET January 9th

Missing ownership papers has stymied AIs plan to rake in funds by monetising 106 properties AI currently has a debt of Rs43000cr. Raising Rs500cr over the next 10 years by way of asset monetisation is part of the Airlines restructuring plan.

Shipping ministry to award 25 projects worth Rs11000cr

ET January 9th

This will increase cargo handling capacity of ports by 250mn tonne. Approached Finance ministry to revice the subsidy given to the shipbuilding industry. Port projects to be awarded : i. Construction of a mega container terminal in chennai. ii. 2nd dock at the Haldia Port.

Air Asia eyes local suitor a fly into Indian skies ET 10 January 2013
th

Air Asia will hold 49% in the venture which will apply for the aviation license from government. The Malaysian carrier has broached the issue with the Videocon group Jet and Spice Jet are planning to sell stakes to private equity and strategic investors.
th

Gopinath may not get Nod for a New Airline ET 11 January 2013

Civil aviation ministry remains unconvinced about the need for another airline in Indian crowded skies. Government sceptical about issuing fresh license to Gopinath as it feels anew airline will trigger price war.

Local Ship breakers Expect Another Bountiful Year Ahead

January 2013

ET 14th

India makes history in terms of maximum number of ships beached last year, with 527 vessels making an average of 1.4 ships beached per day. Ship Recycling in India contributed to9% of total steel manufactured in India. Strengthening of dollar against rupee and fluctuating prices of metal scrap have already started impacting the market

THANK YOU