Financial position of Aviation industry and its lifecycle Introduction With 100 years of its existence, Indian aviation industry has witnessed severe highs and lows. On one side of teeter-totter, there has been huge increase in the number of companies competing in the industry and at the same time significant growth in number of passengers; on the other side of it majority of industry players struggling with high operating cost. From 2012-13 to 2014-15, just within span of 2 years the two big companies
Transport industry can be divided into 3 different sectors which land transport, maritime industry and aerospace industry. Land transport includes rail and motor vehicles. Land transport sector involved manufacture, design, development, marketing and sales of vehicles and component. Maritime industry involved in construction, repairs, maintenance, river usage. Malaysia companies build the maritime transport such as ferries, ships, boas and special purpose vessels. Aerospace industry involves designs
with plans to restart the world’s longest commercial flight between Singapore and Los Angeles, and Newark with the fuel efficient ultra-long-range Airbus-350s in 2018; its new First Class and Business Class designs launched on its next batch of 5 A380 superjumbos in 2017. In 2013, SIA made a strategic decision to cut long haul direct flights to New York & Los Angeles after high fuel charges and weak passenger load factor (PLF) made these destinations commercially unviable. Whilst the Airbus-380s
airlines, more aircrafts or larger and faster aircrafts. The Indian Aviation Industry since deregulation had went through a substantial changes starting from 1991. The dynamic atmosphere stimulated by the augmented competition from new firms called for greater competition or forced the existing
PROBLEM IDENTIFICATION The main reason that separates Air India from other loss incurring carriers, both private and state-owned is the reason behind those losses. No doubt that AI was hit by expanding fuel bills and falling demand, but the crisis at Air India is self-made to a large extent. Financial Distress- Air-India lost almost $171 million in the initial years beginning with 1994-95. Management reduced fares drastically & provided 2-for-1 discounts. In the crisis times, company also planned
setup called flight simulator. With the passage of time more sophisticated flight simulators are being developed to meet the increasing demand in civil aviation and military. In military various simulation techniques are being employed in the aviation technology to train amateur pilots about both fixed and rotary wing aircraft flight. This reduces the cost of training as well as lessens the probability of aircraft accidents during pilots’ trainings. An aircraft is made up of a large number of components
services, operated by nine domestic airlines, with a combined fleet of some 400 aircraft. Over the last decade scheduled aircraft movements have more than doubled from 718,000 to more than 1.6 million in FY2015, supplemented by a further 281,000 general aviation movements. In addition to arriving and departing movements, Indian airspace handles approximately 400,000 annual over-flight movements. India’s airspace covers 9.5 million square kilometers, of which just over 60% is oceanic, comprising regions over
something is unachievable, impractical, and hopeless, which is what the Avro Arrow was thought to be. When The Royal Canadian Air Force proposed the idea of a two-place, long range, twin-engine, day and night, all-weather, supersonic interceptor, aviation companies thought it was absurd and many refused to build it. In 1953, A. V. Roe Canada volunteered to build the interceptor to be used as a defense against the newly built, Soviet Union, long range, bomber planes that could fly across the Polar
competitive costs operation and high-value geographies relative to its competitors.( JetBlue, 2016).JetBlue has been engaged in fuel cost hedging to protect itself from volatile fuel prices this has allowed the airline to follow their business
Company Description IOCL is involved in transporting, refining and marketing of petroleum products majorly in India. In addition to this, it also dwells in exploration & production of oil and gas and petrochemicals. The products include LPG, aviation turbine fuel, gasoline, petrochemicals and crude oil. It is 119th largest corporation, (Fortune Global List), and is the largest public owned corporation in India (revenue). Quote Chart The company was created in 1959 as Indian Oil Company Ltd. IOCL was