Aerospace Diary

by  Neelam Mathews                                                                   October 23, 2015, 10:34 AM                 IndiGo operates a uniform fleet of 97 Airbus A320s. (credit-neelam mathews)   Helped by low fuel prices and an improving economic outlook, InterGlobe Enterprises, the current majority owner of Indian budget airline IndiGo, plans to raise up to $465 million in an initial public offering from October 27 to 29. InterGlobe expects the   IPO   to rank as the biggest airline public issue in India since the country’s first budget airline, Air Deccan, made its debut in the market in 2006. Domestic budget carriers in India now hold a 65 percent market share. The company plans to use the funds for retirement of certain outstanding ...

Neelam Mathews Aug 18 2015                    IndiGo now operates close to 100 A320s. (Photo: Neelam Mathews) I nvestor confidence in the troubled Indian air transport sector appears poised for a boost with budget airline IndiGo’s plans to raise $400 million in an initial public offering ( IPO ) following its   order for 250   A320N eos . Delivery schedules call for those airplanes to arrive in India between 2018 and 2025. In the past nine years since its launch, IndiGo has ordered 530   A320 -family jets. It expects to become the second carrier to receive the   A320N eo from a batch of 180 it ordered in 2011, after Qatar Airways takes its first in December this year. “ IndiGo’s   IPO   helps re-rate the sector and is a reflection of what can be achieved by budget GoAir and SpiceJet, and even Jet Airways,” Kapil Kaul, South Asia   CEO   of Sydney-based Center for Aviation t...

Neelam Mathews Feb 15, 2013 Press Statement tells media to lay off This has reference to certain reports in sections of media regarding Emaar MGF Land Limited’s association with a Mr Guido R Hashke. While Mr Guido R Hashke was an independent non-executive director for an extremely brief period of approximately two months i.e. Emmar September 25, 2009 to December 7, 2009, Emaar MGF has had no association with him or any of his businesses/associates other than this. Mr. Hashke was appointed on the Board of the Company due to the statutory requirement of having certain number of independent directors on the board to be a publicly listed company. Therefore he was appointed as an independent director to fulfill the requirements of the company's proposed IPO at that time. As per the information disclosed to the Company, Mr. Hashke was a registered consultant to the World Bank for Asset Trading and Debt Restructuring and was appointed on basis of his experience with international ...

Neelam Mathews Oct 15, 2012 AirAsia plans to acquire ailing Indonesian carrier Batavia Air and its Flying School with a $40 million debt and aging fleet announced in July, has been called off. “This is not the end of the world for Batavia because we will still continue our business without the acquisition,” a senior representative of Batavia Air was quoted saying.   At singing of MoU in July Group CEO AirAsia Tony Fernandes said: “Our aggressive focus in Indonesia remains and we will push our Indonesian IPO plans while still maintaining close co-operation with Batavia Air….. In our minds, the timing was perhaps not appropriate as it would have induced too many risks and would ultimately be earnings dilutive to our shareholders.” “With all that is happening, we are happy and do not want management to be bogged down as an acquisition of this nature can be very time consuming. We felt it is best to spend time doing other things,” Fernandes was quoted saying. T...