Airlines in trouble |
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Oct 17th, 2008, 11:17
| #31 |
| The Fortunate One  Join Date: May 2007 Location: Road
Posts: 6,912
| I git a message from Yatra y'day. "Congestion Surcharge dropped by Low Cost Airlines and International Airlines also reduce taxes." |
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Oct 17th, 2008, 11:21
| #32 |
| Senior Member  Join Date: Jan 2008 Location: Mumbai
Posts: 143
| Just makes me ponder - "Is the Low cost Airlines model working better than the Full Service Airlines one?? - especially on short haul domestic routes???"  |
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Oct 17th, 2008, 11:22
| #33 | ||
| Infidel Sufi  Join Date: Sep 2005 Location: styx
Posts: 14,168
| (crossposted, and partly in response to shashank) Well, consumer groups have long complained that part of the 'taxes' the airlines charged were actually operating costs and not payable to the government. They put them under the taxes head to make buyers feel better (Remember Air Deccan and the famous 'one rupee' tickets?. Shashank's message confirms this. Else, how can airlines reduce government taxes? This link is not only about the Jet airways layoff, now invalid, but about the impact on the street in India of the financial crisis Quote:
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Oct 17th, 2008, 11:33
| #34 |
| Maha Guru Member  Join Date: Dec 2006 Location: kolkata/hyderabad
Posts: 686
| Idiots Guide to The Great Wall Street Meltdown found these excellent blog http://greatbong.net/2008/10/01/the-...ltdown-part-1/ http://greatbong.net/2008/10/05/the-...ltdown-part-2/
__________________ ~Khak~ Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover. |
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Oct 17th, 2008, 11:43
| #35 |
| The Fortunate One Join Date: May 2007 Location: Road
Posts: 6,912
| All these media reports are only twisting the picture. What I read was that most of the probationary attendants were getting Rs.10k per month. The loans they took were for their education and nothing to do with Jet Airways. If Jet would not have hired them in first place, then also they would have to look for a job after the education. So the local scenario remains the same. They would have to find a job then and they would have to find a job now. Secondly, regarding cars, personal loans etc, most of the banks they do not give loans to people with such a small track of employment. I used to work in a Fortune 5 company few years back, and to get my bike financed by a sister entity of the same company I was working for, I had to show track of 6 months of employment (It was only 5 months at that time, however things were sorted out internally  ). And those were the good times, low interest rates, low delinquencies etc.And I current fragile scenario, I cannot believe any bank giving credit to people with virtually no track of employment. Last edited by shashank.aggarwal; Oct 17th, 2008 at 12:53.. |
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Oct 17th, 2008, 12:05
| #36 |
| Maha Guru Member  Join Date: Nov 2006 Location: New Delhi & Himachal Pradesh (Shimla)
Posts: 5,470
| I hate to see people loose jobs , but i cant help but feel a bit for Jet , its firing Vs going under , maybe they did not have good foresight , maybe they made mistakes along the way...but if streamlining needs to be done then it does right? We look at the government and accuse them of being over staffed , the end result to streamline that would be the same as well...loss of jobs... As long as its done properly, and the legal roadmap has been followed , i think we need to give jet a break as well... but all things said their timing was horrible - Diwali around the corner |
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Oct 17th, 2008, 12:43
| #37 |
| Infidel Sufi Join Date: Sep 2005 Location: styx
Posts: 14,168
| Absolutely. If we embrace the'free' market without reservation (in case of investment banks and some others, read controlled by greedy, unregulated, unscrupulous and sometimes criminal individuals and corporations), then we must also embrace hire and fire policies. |
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Oct 20th, 2008, 16:42
| #39 |
| Senior Member Join Date: Jun 2008 Location: Munich - Chennai from Oct 08
Posts: 108
| Oh ... I am just planning to book 2 flights with Kingfisher during Xmas time. Should I worry about these? |
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Oct 20th, 2008, 17:35
| #40 | |
| The Fortunate One Join Date: May 2007 Location: Road
Posts: 6,912
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Oct 20th, 2008, 18:40
| #41 | |||
| Infidel Sufi Join Date: Sep 2005 Location: styx
Posts: 14,168
| Kingfisher Airlines cuts 90% salaries of trainee pilots Quote:
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http://economictimes.indiatimes.com/...ow/3614538.cms | |||
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Oct 25th, 2008, 10:30
| #42 |
| What happened?  Join Date: Aug 2004 Location: Goa/?
Posts: 2,223
|  The Perfect Financial Storm Listening to Greenspan the other day reminded me of this. I wasn't sure where to post but I think some of you here may find this interesting. Look at the date it was written, the predictions, and look at the parellels to today. I found this 7 years ago when I was still active in various markets. http://www.financialsense.com/series...pectives2.html How history repeats itself.......... 
__________________ GoanGoan......here (& ?????) Last edited by goangoangone; Oct 25th, 2008 at 12:36.. |
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Oct 25th, 2008, 16:15
| #43 |
| Maha Guru Member  Join Date: Sep 2008 Location: sydney
Posts: 968
| Yes, very interesting goangoangone. The warnings have been out there for years. I'm a big fan of plain-speaking Peter Schiff. The link below is his Dateline (SBS channel Australia) interview with Steve keen, who wrote 'Debunking economics' http://uk.youtube.com/watch?v=YsoeVL5biq8 |
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Oct 25th, 2008, 16:33
| #44 | |
| Senior Member  Join Date: Jan 2008 Location: UK
Posts: 175
| Quote:
I have just booked tickets with Kingfisher... I am preparing myself for disruption, but this time for once I am flexible with dates. If I needed to fly on the specific date I wouldn't have bought Kingfisher. And, I booked through a travel agent instead of Kingfisher directly; that probably means the ticket is covered by IATA, etc. | |
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