With the largest airline market in Southeast Asia, Indonesia has only one major MRO providerIndonesia only has one internationally certified MRO provider.
India’s civil aviation industry is on a high-growth trajectory. India aims to become the third-largest aviation market by 2020 and the largest by 2030.
The Civil Aviation industry has ushered in a new era of expansion, driven by factors such as low-cost carriers (LCCs), modern airports, Foreign Direct Investment (FDI) in domestic airlines, advanced information technology (IT) interventions and growing emphasis on regional connectivity. India is the ninth-largest civil aviation market in the world, with a market size of around US$ 16 billion. India is expected to become the third largest aviation market by 2020#.
“The world is focused on Indian aviation – from manufacturers, tourism boards, airlines and global businesses to individual travellers, shippers and businessmen. If we can find common purpose among all stakeholders in Indian aviation, a bright future is at hand” said Mr. Tony Tyler, Director General and CEO, International Air Transport Association (IATA).
This presentation talks about Human Resource crisis happened in Air India. How HR couldn't help to find way between all situations & adverse circumstances. The consequences faced are tremendous in monitory loss.
It gives thinking in multiple direction while looking out towards a specific problem.
India’s civil aviation industry is on a high-growth trajectory. India aims to become the third-largest aviation market by 2020 and the largest by 2030.
The Civil Aviation industry has ushered in a new era of expansion, driven by factors such as low-cost carriers (LCCs), modern airports, Foreign Direct Investment (FDI) in domestic airlines, advanced information technology (IT) interventions and growing emphasis on regional connectivity. India is the ninth-largest civil aviation market in the world, with a market size of around US$ 16 billion. India is expected to become the third largest aviation market by 2020#.
“The world is focused on Indian aviation – from manufacturers, tourism boards, airlines and global businesses to individual travellers, shippers and businessmen. If we can find common purpose among all stakeholders in Indian aviation, a bright future is at hand” said Mr. Tony Tyler, Director General and CEO, International Air Transport Association (IATA).
This presentation talks about Human Resource crisis happened in Air India. How HR couldn't help to find way between all situations & adverse circumstances. The consequences faced are tremendous in monitory loss.
It gives thinking in multiple direction while looking out towards a specific problem.
Privatization of Air India is all the government could do to save it. The ppt analyze the reasons for the fall of Maharaja and suggest solutions on the issue.
A presentation on Insurance Industry at the Industry Meets Students program for the students of the Hyderabad Chapter of ICWAI on 5th Sep 2010 at Bhaskara Auditorium in Birla Planetarium, Saifabad, Hyderabad
This is a presentation for our Paper Strategic Management at Amity Business School, Noida. The topic covered was the Ongoing crisis in Air India, and the possible ways to work around a solution for it. All aspects of management, including Finance, Operations, Marketing and HR was discussed.
Low-cost airline IndiGo's parent InterGlobe Aviation has fixed the price band for its initial share sale at Rs 700-765, through which it could raise up to Rs 3,268 crore.
CASE STUDY ON THE SUCCESSFUL JOURNEY OF INDIGO AIRLINES VARUN KESAVAN
India is the 9th largest aviation market in the world with a size of around US$ 16 billion and is poised to be the 3rd biggest by 2020. India aviation industry promises huge growth potential due to large and growing middle class population, rapid economic growth, higher disposable incomes, rising aspirations of the middle class and overall low penetration levels.
Privatization of Air India is all the government could do to save it. The ppt analyze the reasons for the fall of Maharaja and suggest solutions on the issue.
A presentation on Insurance Industry at the Industry Meets Students program for the students of the Hyderabad Chapter of ICWAI on 5th Sep 2010 at Bhaskara Auditorium in Birla Planetarium, Saifabad, Hyderabad
This is a presentation for our Paper Strategic Management at Amity Business School, Noida. The topic covered was the Ongoing crisis in Air India, and the possible ways to work around a solution for it. All aspects of management, including Finance, Operations, Marketing and HR was discussed.
Low-cost airline IndiGo's parent InterGlobe Aviation has fixed the price band for its initial share sale at Rs 700-765, through which it could raise up to Rs 3,268 crore.
CASE STUDY ON THE SUCCESSFUL JOURNEY OF INDIGO AIRLINES VARUN KESAVAN
India is the 9th largest aviation market in the world with a size of around US$ 16 billion and is poised to be the 3rd biggest by 2020. India aviation industry promises huge growth potential due to large and growing middle class population, rapid economic growth, higher disposable incomes, rising aspirations of the middle class and overall low penetration levels.
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.
The Adani Group Plans to Make Substantial Investments in The Public Sectors o...Adani Bangladesh
The Adani Group also plans to take over the management of the Tribhuwan International Airport, Bhairawaha International Airport, etc. This will be another big international venture for the Adani Group after the Adani Bangladesh project.
A report on how Indigo airlines made their strategies and how they compete with such a huge market in airlines. This report is the detail description on their marketing mix, Brand value and Brand equity.
IndiGo was set up in early 2006 by Rahul Bhatia and Rakesh S Gangwal.
IndiGo is an Indian Low-cost airline with only economy class seating.
It’s headquarter is at Gurgaon, India.
It is the largest airline in India in terms of passengers flown with market share of 36.5% as of September 2015.
This airline offers more than 647 daily flights connecting to 38 destinations.
It presently operates a fleet of 97 aircraft belonging to the Airbus A320 family.
In 2014, IndiGo carried 21.4 million passengers in the domestic sector alone.
India’s best on time performance and least flight cancellations.
It is also one of the fastest growing airlines in the world.
Similar to Indonesia Lacks Certified MRO s Despite Large, Growing Market (20)
In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
The committee’s focus was on ensuring the safety and security of individuals, communities, and the nation as a whole. Throughout its deliberations, the committee aimed to uphold constitutional values such as justice, dignity, and the intrinsic value of each individual. Their goal was to recommend amendments to the criminal laws that align with these values and priorities.
Subsequently, in February, the committee successfully submitted its recommendations regarding amendments to the criminal law. These recommendations are intended to serve as a foundation for enhancing the current legal framework, promoting safety and security, and upholding the constitutional principles of justice, dignity, and the inherent worth of every individual.
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WINDING UP of COMPANY, Modes of DissolutionKHURRAMWALI
Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry.
Here's a breakdown of the key aspects of winding up:
Reasons for Winding Up:
Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues.
Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company.
Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up.
Types of Winding Up:
Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types:
Members' Voluntary Winding Up: The company is solvent (has enough assets to pay off its debts) and shareholders will receive any remaining assets after debts are settled.
Creditors' Voluntary Winding Up: The company is insolvent and creditors will be prioritized in receiving payment from the sale of assets.
Compulsory Winding Up: This is initiated by a court order, typically at the request of creditors, government agencies, or even by the company itself if it's insolvent.
Process of Winding Up:
Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds.
Cease Trading: The company stops its regular business operations.
Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims.
Sale of Assets: The company's assets are sold to generate cash to pay off creditors.
Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors.
Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake.
Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register.
Impact of Winding Up:
Employees: Employees will likely lose their jobs during the winding-up process.
Creditors: Creditors may not recover their debts in full, especially if the company is insolvent.
Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets.
Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.
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Indonesia Lacks Certified MRO s Despite Large, Growing Market
1. Indonesia Lacks Certified MRO s Despite Large, Growing Market
Indonesia only has one internationally certified MRO provider, even though the country is the largest
airline market in Southeast Asia.
The country had 58.9 million domestic and 13.7 million international passengers last year, representing
year-on-year growth of 6% and 5%, respectively, according to Indonesia's central bureau of statistics. The
Aviation Week Intelligence Network (AWIN) database shows that the country's top 10 commercial airlines
have a total fleet of 455 aircraft (see graph below). There are also a large number of aircraft on order for
Indonesian airlines, such as 306 Boeing 737s and 269 Airbus A320-family aircraft, according to AWIN
data.
Garuda Indonesia's MRO company, GMF AeroAsia, is the only airframe and engine-overhaul facility in
Indonesia with European Aviation Saftey Agency (EASA) and FAAcertification. The company established
its own Part 147-approved training organization in 2009.
Richard Budihadianto, president director of GMF AeroAsia, says many Indonesian carriers send their
aircraft and engines overseas--to places such as Singapore and Malaysia--to be overhauled. But that is
more expensive and is a lost opportunity for Indonesia in terms of jobs and work.
There are 60-70 aviation MRO companies in Indonesia, says Budihadianto, who is also chairman of the
Indonesia Aircraft Maintenance Services Association (Iamsa), which represents about half of the country's
MRO providers. Many of these cater to the business aviation and general aviation sector.
2. Iamsa has been encouraging MRO companies in Indonesia to apply for EASA and FAA certification,
because it can see that in the future more customers will insist on this, says Budihadianto.
But most MRO companies in Indonesia have failed to act because they are very focused on the domestic
market and their customers are happy enough with Indonesian Directorate General of Civil Aviation
(DGCA) certification, he says.
However, there are many leased aircraft in Indonesia, and foreign leasing companies generally want their
aircraft maintained at FAA- or EASA-certified MRO companies to retain the highest residual value of their
assets.
A stumbling block to EASA and FAA certification is that it costs money. "In Indonesia not many of the
MRO companies are big enough to cover the cost of the audit. For big MRO companies, spending
$50,000 on an audit is all right. But for some MRO companies that it is a very big amount," says
Budihadianto.
There is also the issue--particularly in the case of the FAA--of whether the agencies would actually be
willing to come to Indonesia and audit a new MRO provider. In recent years it has been hard for MRO
companies outside the U.S. that are not already FAA-certified to receive FAA approval. Some have
attributed this to U.S. protectionism and caving in to U.S. unions, while others have said the FAA may be
unable to certify more overseas MRO companies because of funding constraints. For a few years, the
U.S. Congress also banned the FAA from issuing new foreign repair station certifications due to security
rules.
3. Budihadianto says FAA certification is hard to get. He says if the FAA approves an overseas MRO
provider then it is responsible for oversight of that company, which means more work and costs for the
FAA.
Another impediment faced by Indonesian MRO providers is inadequate airport security. Regulators
require MRO companies to be located at an airport with adequate security and where unauthorized
personnel have no access to the runways. But there are airports in Indonesia where, for example, the
runways and taxiways need to be improved and new perimeter fencing needs to be built.
"Airport infrastructure development is on the government's agenda. They have decided to build new
airports and improve old airports to meet international standards," says Budihadianto. But he adds: "We
have around 300 airports in Indonesia already and with a limited budget, the authorities have to prioritize
which ones to develop and improve."
He thinks the government should work with the private sector to develop airport infrastructure through
public-private partnerships. In some countries, such as India, private companies have paid for new
airports with the stipulation that they will operate the airport for 30 years, after which it will be returned to
the government. All of Indonesia's major airports, with the exception of Batam's, are controlled by state-
owned Angkasa Pura I and II.
GMF AeroAsia is based at Indonesia's main international gateway, Jakarta's Soekarno-Hatta International
Airport. Aviation Week spoke to Budihadianto in his office beside GMF's fourth hangar, which has just
been built and can accommodate 15 narrowbodies simultaneously.
4. The hangar was constructed relatively quickly. Indonesia has no shortage of building laborers or
materials, but obtaining approvals from the authorities to build the hangar took a long time.
Rather than rely solely on its Jakarta base, GMF AeroAsia is working with Singapore-based Gallant
Venture, which has a concession to build an airport on Indonesia's Bintan Island, a short ferry ride from
Singapore.
Budihadianto says the airport on Bintan is due to open in 2017, and GMF AeroAsia plans to build a
hangar there. It chose Bintan because it is near Singapore, and the developer offered GMF AeroAsia
plenty of suitable land.
Many OEMs, such as GE and Pratt & Whitney, have component repair shops in Singapore. Specialized
components often have to be sent to the OEM for repair, so it is easier if the MRO facility is located near
the OEM's.
GMF AeroAsia could have chosen to build its hangar on Batam Island, which has an airport and is also a
short ferry ride from Singapore. But Budihadianto says the Batam authorities were unable to provide
enough land.
One issue GMF AeroAsia will confront with its new MRO facility on Bintan Island is finding enough
maintenance engineers and technicians to staff the facility. Boeing has forecast that Southeast Asia will
need 60,000 new technicians over the next 20 years.
5. Budihadianto says GMF AeroAsia already has started recruiting and training people from Bintan for these
positions. It takes a long time to complete training, and the plan is for these technicians to start work at
GMF AeroAsia in Jakarta. When the facility opens in Bintan, they will be transferred there, he says.
"New training colleges have been established in Indonesia, but not as many as we would have hoped.
The growth in capacity of the schools, such as state-owned Sekolah Tinggi Penerbangan Indonesia
(STPI) in Curug, is very limited. This has created an opportunity for new schools, but we still can't get
enough. So we set up our own training organization, which was approved in 2009," says Budihadianto.
"GMF now has the largest training organization in Indonesia for engineers and technicians. But we
discovered that we can't continue to do it on our own," he notes. "We can continue to train technicians,
but not licensed maintenance engineers, because that takes a lot of time. In 2012, we decided to try to
shift activity to educational institutions that we would then help to turn into DGCA-approved schools."
Budihadianto says they are working with seven polytechnics and two universities. "We're working with
them to help them get approval as a Part 147 training organization. Our aim is to get the first school
approved in the next two years," he says, adding they are already training the course lecturers so they
can be qualified as licensed maintenance engineers.
Budihadianto says one of Indonesia's edges is its large, young population. "This is our advantage and
strength right now. Indonesians aspire to work as maintenance technicians. If you look at our population
over the next 10 years, you can see that more than 50-60% will be productive young people. These
young people will need jobs."
6. Another challenge Indonesia's MRO sector faces is retaining its skilled personnel. Once Indonesians gain
an internationally recognized qualification, some go overseas, where the pay is higher.
Budihadianto notes that Indonesian-licensed engineers who leave tend to go to the Middle East but
eventually return. "Indonesian people generally don't like to stay abroad. They go overseas to work
because they have to," he says. "For example, maybe they need to earn more money to pay for their
children's university education. But once that is completed, they come back."
He also says having many Indonesians working in the airline industry overseas does have its advantages.
"We stay in contact with them, and they help us to find out about projects that we can bid on," he says.
The markets that GMF AeroAsia is targeting mostly are for third-party MRO work in the Middle East and
India, he adds."