This document provides an overview of corporate governance at Air India. It begins with definitions of corporate governance and discusses the various legal frameworks that govern corporate governance in India, including the Companies Act of 1956. It then provides a brief introduction to Indian Airlines, which merged with Air India in 2011. The document outlines Air India's organizational structure and subsidiaries. It also discusses some key policies under the aviation minister Praful Patel in 2005 that negatively impacted Air India's finances, such as an order of 68 new planes and transferring international routes to private airlines. The document concludes with a discussion of Air India's financial aspects and future policies to improve its financial situation.
Strategic Mistakes That Led To The Failure Of Kingfisher AirlinesSourav Giri
Industry Overview
Introduction to UB Group & KFA
Industry Analysis Based on Porters Five Forces
Identification of Crisis & Reasons for Failure
Identification & Analysis of Strategic Risks
Critical Mistakes in Decision Making & Strategy
Conclusion
Strategic Mistakes That Led To The Failure Of Kingfisher AirlinesSourav Giri
Industry Overview
Introduction to UB Group & KFA
Industry Analysis Based on Porters Five Forces
Identification of Crisis & Reasons for Failure
Identification & Analysis of Strategic Risks
Critical Mistakes in Decision Making & Strategy
Conclusion
AIR INDIA LIMITED AND INDIAN AIRLINE LIMITED MERGERSajjad Sayed
A Case Presentation on Failure of AIR INDIA LIMITED AND INDIAN AIRLINE LIMITED MERGER.
Variety of reasons have been discussed along with recommendations and evidences.
This project was created by me for my ICITSS ITT final test. It provides an overview of the Indian civil aviation industry, with a case study of IndiGo and a timeline illustrating the progress of civil aviation industry in India. The figures concerning market share, passenger volume, and the number of airlines in the market are accurate as of December 2022. However, for the most up-to-date information, I recommend referring to the official DGCA website and IBEF, and updating the data accordingly.
Air India Downfall-A case study of a drowning ship.
Diksha Singh , LL.M (Investment and Securities Law)
National Institute of Securities Market, Maharashtra
email- dikshasingh1860@gmail.com
This is the case related to air india, here it is shown that how air india is competing with the other airlines without any good marketing strategy. In this case you will find that air India's customer service in aviation industry. figure and charts would show the financial part of air india.
Gaja
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ShashikalaSingh co-founded SpiceJet in 2005 with the objective of making flying affordable for all Indians. After a successful stint, he exited the airline in 2010. Five years later, he bought back the airline at a time when it was on the verge of closing down. [1]
Under Singh's leadership, SpiceJet registered a growth in profitability. Since taking over in 2015, the airline has reported 18 quarters of profit and the highest passenger load factor (occupancy) for over five consecutive years. SpiceJet also has one of the best on-time performances among all airlines in India as well as one of the lowest cancellation rates. The airline's stock was the world's best performing aviation stock in 2017 as per Bloomberg. [2]
Under his leadership, SpiceJet placed an order of 205 Boeing aircraft one of the largest in the American company's history. [3] The mega order was acknowledged by the then US President Donald Trump who said it would help create tens of thousands of jobs in the United States. [4] SpiceJet followed up the Boeing order
Singh co-founded SpiceJet in 2005 with the objective of making flying affordable for all Indians. After a successful stint, he exited the airline in 2010. Five years later, he bought back the airline at a time when it was on the verge of closing down. [1]
Under Singh's leadership, SpiceJet registered a growth in profitability. Since taking over in 2015, the airline has reported 18 quarters of profit and the highest passenger load factor (occupancy) for over five consecutive years. SpiceJet also has one of the best on-time performances among all airlines in India as well as one of the lowest cancellation rates. The airline's stock was the world's best performing aviation stock in 2017 as per Bloomberg. [2]
Under his leadership, SpiceJet placed an order of 205 Boeing aircraft one of the largest in the American company's history. [3] The mega order was acknowledged by the then US President Donald Trump who said it would help create tens of thousands of jobs in the United States. [4] SpiceJet followed up the Boeing order
Singh co-founded SpiceJet in 2005 with the objective of making flying affordable for all Indians. After a successful stint, he exited the airline in 2010. Five years later, he bought back the airline at a time when it was on the verge of closing down. [1]
Under Singh's leadership, SpiceJet registered a growth in profitability. Since taking over in 2015, the airline has reported 18 quarters of profit and the highest passenger load factor (occupancy) for over five consecutive years. SpiceJet also has one of the best on-time performances among all airlines i
Many ways to support street children.pptxSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
Russian anarchist and anti-war movement in the third year of full-scale warAntti Rautiainen
Anarchist group ANA Regensburg hosted my online-presentation on 16th of May 2024, in which I discussed tactics of anti-war activism in Russia, and reasons why the anti-war movement has not been able to make an impact to change the course of events yet. Cases of anarchists repressed for anti-war activities are presented, as well as strategies of support for political prisoners, and modest successes in supporting their struggles.
Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
Up the Ratios Bylaws - a Comprehensive Process of Our Organizationuptheratios
Up the Ratios is a non-profit organization dedicated to bridging the gap in STEM education for underprivileged students by providing free, high-quality learning opportunities in robotics and other STEM fields. Our mission is to empower the next generation of innovators, thinkers, and problem-solvers by offering a range of educational programs that foster curiosity, creativity, and critical thinking.
At Up the Ratios, we believe that every student, regardless of their socio-economic background, should have access to the tools and knowledge needed to succeed in today's technology-driven world. To achieve this, we host a variety of free classes, workshops, summer camps, and live lectures tailored to students from underserved communities. Our programs are designed to be engaging and hands-on, allowing students to explore the exciting world of robotics and STEM through practical, real-world applications.
Our free classes cover fundamental concepts in robotics, coding, and engineering, providing students with a strong foundation in these critical areas. Through our interactive workshops, students can dive deeper into specific topics, working on projects that challenge them to apply what they've learned and think creatively. Our summer camps offer an immersive experience where students can collaborate on larger projects, develop their teamwork skills, and gain confidence in their abilities.
In addition to our local programs, Up the Ratios is committed to making a global impact. We take donations of new and gently used robotics parts, which we then distribute to students and educational institutions in other countries. These donations help ensure that young learners worldwide have the resources they need to explore and excel in STEM fields. By supporting education in this way, we aim to nurture a global community of future leaders and innovators.
Our live lectures feature guest speakers from various STEM disciplines, including engineers, scientists, and industry professionals who share their knowledge and experiences with our students. These lectures provide valuable insights into potential career paths and inspire students to pursue their passions in STEM.
Up the Ratios relies on the generosity of donors and volunteers to continue our work. Contributions of time, expertise, and financial support are crucial to sustaining our programs and expanding our reach. Whether you're an individual passionate about education, a professional in the STEM field, or a company looking to give back to the community, there are many ways to get involved and make a difference.
We are proud of the positive impact we've had on the lives of countless students, many of whom have gone on to pursue higher education and careers in STEM. By providing these young minds with the tools and opportunities they need to succeed, we are not only changing their futures but also contributing to the advancement of technology and innovation on a broader scale.
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
Canadian Immigration Tracker March 2024 - Key SlidesAndrew Griffith
Highlights
Permanent Residents decrease along with percentage of TR2PR decline to 52 percent of all Permanent Residents.
March asylum claim data not issued as of May 27 (unusually late). Irregular arrivals remain very small.
Study permit applications experiencing sharp decrease as a result of announced caps over 50 percent compared to February.
Citizenship numbers remain stable.
Slide 3 has the overall numbers and change.
A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
2. Corporate governance is the set of processes, customs, policies, laws, and institutions
affecting the way a corporation or company is directed, administered or controlled.
Corporate governance also includes the relationships among the many stakeholders
involved and the goals for which the corporation is governed.
Corporate Governance is the system by which companies are directed and managed. It
influences how the objectives of the company are set and achieved, how risk is monitored
and assessed and how performance is optimized. Sound Corporate Governance is,
therefore, critical to enhance and retain investor’s trust.
Report of SEBI Committee (India) on Corporate Governance defines corporate governance
as “the acceptance by management of the inalienable rights of shareholders as the true
owners of the corporation and of their own role as trustees on behalf of the shareholders.
It is about commitment to values, about ethical business conduct and about making a
distinction between personal & corporate funds in the management of a company.
Definition of Corporate Governance
3. Corporate governance in India is evident from the various legal and regulatory frameworks
and Committees set relating to corporate functioning comprising of the following :
1. The Companies Act, 1956
2. Monopolies and Restrictive Trade Practices Act, 1969 (replaced by new Competition Law)
3. Foreign Exchange Management Act, 2000
4. Securities and Exchange Board of India Act, 1992
5. Securities Contract Regulation Act, 1956
6. The Depositories Act, 1996
7. Arbitration and Conciliation Act, 1996
8. SEBI Code on Corporate Governance
Apart from these Acts many committees have been set up over the years to legislate the
concept called ‘corporate governance’.
4. Indian, formerly Indian Airlines (Indian Airlines Limited from 1993 and Indian Airlines
Corporation from 1953 to 1993) was a major Indian airline based in Delhi and
focused primarily on domestic routes, along with several international services to
neighboring countries in Asia. It was state-owned, and was administered by
the Ministry of Civil Aviation. It was one of the two flag carriers of India, the other
being Air India. The airline officially merged into Air India on 27 February 2011.
On 7 December 2005, the airline was rebranded as Indian for advertising purposes as
a part of a program to revamp its image in preparation for an initial public
offering (IPO). The airline operated closely with Air India, India's national
carrier. Alliance Air a fully owned subsidiary of Indian, was renamed Air India
Regional.
In 2007, the Government of India announced that Indian would be merged into Air
India. As part of the merger process, a new company called the National Aviation
Company of India Limited (now called Air India Limited) was established, into which
both Air India (along with Air India Express) and Indian (along with Alliance Air)
would be merged. Once the merger was completed, the airline - called Air India -
would continue to be headquartered in Mumbai and would have a fleet of over 130
aircraft.
Indian Airlines – A Brief Introduction
5. Chronological events
year Phases events
1932-1945 Early phase
1938
• The aviator Nevill Vintcent made effort with J.R.D Tata to
run the flights from Bombay to Colombo in 1932.
• Tata Air services renamed as Tata Air Lines and services
were provided to Delhi and Colombo.
1946-1999 Post war
Expansion
1996
• Tata Airlines became a public limited company on 29 July
1946 under the name Air India under GOI.
• First Boeing 707–420, named Gauri Shankar, was
delivered, thereby becoming the first Asian airline to
induct a jet aircraft in its fleet.
• Took delivery of the Airbus A310-300; the airline is the
largest operator of this type in passenger service.
• Airline was registered as Air India Ltd.
2000-2007 Proposed
Privatization,
expansion and
merger
• Air India introduced services to Shanghai and to its third
U.S. gateway at Newark Liberty International
Airport in Newark, New Jersey.
• Air India launched a wholly owned low cost
airline called Air-India Express.
6. Chronological events
year Phases events
2007-2011 Financial
unrest
• Around 2006–2007, the airlines began showing signs of
financial distress.
• The combined losses for Air India and Indian Airlines in
2006–07 were 7.7 billion rupees. After the merger of the
airlines, it went up to 72 billion rupees by March 2009.
• A report by the Comptroller and Auditor General (CAG)
blamed the decision to buy 111 new planes as one of the
major causes of the debt troubles in Air India;
• In addition, it blamed on the ill timed merger with Indian
Airlines as well.
2011-present Financial
restructuring
and
turnaround
plans
• Development of new infrastructure.
• Invited offers from banks to raise up $800 million
via external commercial borrowing.
7. Corporate identity
• Organization
• Air India Building
• Air India One
Subsidiaries
• Air India Cargo
• Air India Regional
• Air India Express
• Air India Charters Limited
• Air India Air Transport Services
Involvement in sports
Air India football Club
Air India cricket team
Air India hockey team
Destinations
• Short haul routes: mainly including Domestic
cities and south- east and south west Asian
cities
• Long Haul routes: covering east Asia, North
America Europe, Australia
Fleet status
• In 2014 there are 101 fleets including Airbus: A-
319-100, Airbus 320-200, Boeing-747-400,
Boeing 777-200, Boeing- 787 etc.
• 2006: There were 68 orders of Jets including 8
Boeing 777 LR.
• Air India livery Planes
Services
• High class Cabins
• In flight entertainment
• Frequent flyer programmes
• Online check-in
• Premium lounges
8. I n s t i t u t i o n a l s t r u c t u r e
CMD
JOINT MD
FUNCTIONAL DIRECTOR
EXECUTIVE DIRECTOR
GENERAL MANAGER
AGM
Personal dept. commercial dept.,
finance dept., medical dept., security
dept., Material management dept.,
engineering dept., inflight services
dept., Planning, Corporate affairs,
and vigilance dept.
AT DEPARTMENT LEVEL
Senior Manger
Manger
Deputy Manger
Assistant Manger Asst. Manger Officer
Asst. OfficerSupervisorAsst. SupervisorEmployees
9. Policies and their impact on the management of the Company
Mr. Praful Patel became Civil and aviation minister in 2005.
1. Order of 68 planes in year 2005.
Past his governance, an order of 28 planes were made by AIR INDIA in Annual
budget- 2004.
In 2005, the order was increased to 68, without any detail report of financial
resources. The annual turnover of AIR INDIA was 7000 crores and the Order made
worth Rs 35000 crores. So, the company went under heavy debt. The company was
not able to pay the installments and charged extra interest of Rs 300 Cr monthly.
Annual loss: from financial year 2006
Financial year Loss ( in Crore rupees)
2009 5000
2010 7200
2011 7500
2012 7800
2013 7900
10. Policies and their impact on the management of the Company
Mr. Praful Patel became Civil and aviation minister in 2005.
2. Transfer of Flight Rights and international routes to private
companies.
• International Routes which were considered as “Profit Routes” of Air India,
Flight Rights shifted from Air India to other private companies like Jet Airways
and Kingfisher Airlines.
• The company experienced huge loss due to the Flight Rights shift.
3. Agreement of Air India with Singapore Air Terminal Services
regarding Ground Handling System.
• The annual revenue of Air India at that time was 980 crore rupees.
• According to the agreement with the SATS, whatever revenue would be
generated by the airline, 80% would be given to them.
• This agreement affected Air India’s financial status adversely.
11. Policies and their impact on the management of the Company
Mr. Praful Patel became Civil and aviation minister in 2005.
4. Non-Feasible economic and financial Decision making.
• Purchasing of eight Boeing 777 planes at the phase of recession.
• The planes were stacked at the air Terminals for six months after purchase and
those were not used by the company due to unavailability of the skilled pilots
(according to Air India officials to the media).
• Company had to pay the fleet revenue (expected from the use of these eight
planes) to the government even if they were not using those.
5. Special rejuvenation package by central government
In annual budget 2012, central govt. announced Rs 30,000 Crore for rejuvenating
he company from recession up to year 2020. Air India received:
Rs 12000 cr in 2013
Rs 6000 cr in 2014
12. Policies and their impact on the management of the Company
Mr. Praful Patel became Civil and aviation minister in 2005.
6. Membership of ‘star Alliance’
• Star alliance is a union of twenty seven airlines all over the world.
• The union was formed to increase the profit and flight sharing between
different airlines in the world.
• On 11 April, 2014, Air India has become its 27th member of ‘star alliance’, which
is a major step of the company to increase its services and sharing at the world
level.
Impact:
• Before this membership, Air India covered only 37 destinations in 192 countries.
Now, its capacity has increased to 1312 destinations. Any passenger can travel
to any of the destinations within the member airlines, having ticket from Air
India.
• No. of passengers have increased from 37000 per day ,to 50,000 passengers per
day.
13. Policies and their impact on the management of the Company
7. Infrastructural developments: purchase order of new airbuses.
• A mass purchase of 98 planes has been done from Boeing company and the rest
thirteen planes are expected to be placed till 2020.
• In this purchase, twenty seven Boeing 787 – dream liners are currently in flight
services. (Boeing 787 – dream liners are world’s latest technology and most fuel
efficient planes . Also only three countries have owned them).
Impact: A significant growth in number of passenger per day, which has led to
increase in the revenue of the company 900 Crore more in 2013.
14. Financial aspects and policies
• Air India is an autonomous body undertaken by the ministry of Civil Aviation,
central government.
• All types of revenue generated will be the sole property of the company.
• Central Government can provide funds to it for its development.
• Air India received the govt. fund for the first time in financial year 2013 in its 61
years of services as a part of its future development up to 2020.
P r e s e n t P o l i c i e s :
To manage the over all financial status in last two years:
• Air India has deducted 25% of the salary of each & every employee.
• All types of programs, ceremonies and functions has been declined.
• Finance is being planned to be utilized on infrastructural developments. Such
as, construction of new airports within the country, renovation of old Airports,
addition of special star rating lounges within the airports, technological
advancements in surveillance and security.
15. Financial aspects and policies
f u t u r e P o l i c i e s :
1. Formulation of R. E. I. T
• On September,2014 it was decided to form a trust called ‘ Real estate
investment trust’ which shall manage the all the static property of the Air
India.
• Air India has property of worth Rs 18500 Crore spreader all over the world.
• R. E. I. T shall give its property on lease or rent to private owners to raise
income on regular basis. According to Airport officials, it will certainly help to
maximum utilization and regular maintenance of available resources ( and
properties) and increase the revenue.