Showing posts with label Air India. Show all posts
Showing posts with label Air India. Show all posts

Wednesday, October 10, 2012

Going Strong at Ten

Powered by a group of six young HR professionals, More Than HR Global (MTHR Global) is a rapidly growing knowledge movement in Mumbai. The core purpose of MTHR Global is to impact the HR profession by expanding the professionals’ knowledge base.

MTHR’s founders are Mr. Rajesh Kamath, Principal Consultant – L&D, Cerebrus Consultants; Mr. Ashish
Gakrey, People Relationship Management, Capgemini India; Mr. Rajesh Gupta, DGM - Human Capital, Future Generali India Life Insurance and Mr. Vipul Agarwal, Director, Zend Consulting Services, with committee members, Ms. Preeti Malhotra, Head - HR, Prabhudas Lilladher Pvt. Ltd. and Mr. Keyur Jani, AM – HR, Deloitte.

On its 10th anniversary, MTHR organised a number of lectures in various cities of the country for the benefit of the HR community. The latest in the series of lectures were held in Pune, Bengaluru and Mumbai.

The event in Pune was held on the 24th of May. It consisted of a series of lectures on the theme, “Nurturing Geniuses: From Classroom to Boardroom”. Dr. Anil Khandelwal, author, mentor and ex-CMD, Bank of Baroda, delivered a lecture on the value of being authentic in HR. He said that organisations should practice authentic communications and treat employees as customers. Prof. Ranjan Das, Strategy Guru, IIM-C, made the point that, HR is not getting its due respect, while Finance and Marketing dominate too much by speaking the language of business. While, ACP Dhanraj Vanzari of Mumbai Police spoke about Situational Leadership. He said that situations make a leader out of a person and cited the example of Tukaram Ombale, who laid down his life during the 26/11 attacks. Read More


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Wednesday, August 08, 2012

THE PHOENIX PERFORMERS

After a rather disappointing & loss-plagued 2009, the year ahead will mark a turnaround in the books of the Indian aviation industry. Steven Philip Warner explains…

With revival in air traffic being witnessed in the second half of 2009, there is no doubt that even in terms of footfalls, the sector will experience a better 2010, perhaps even bettering the 7.8% increase in passenger count seen during the year. All-in-all, 2010 will be a year which is bound to witness some restructuring acts with minimum focus on inorganic and fleet expansion activities. Hatim Broachwala, aviation analyst, Khandwala Securities says, “As the load factor is still low and output costs are increasing, airlines should refrain from taking up any expansion plan as this would further burden the airlines. They should instead focus on consolidating and finding out ways to increase their air traffic.”

The key focus areas for some of the airlines are expected to be as follows: Air India – restructuring and conversion of about 30% of its capacity into the budget model; Jet Airways – increased focus on its international operations, which today contributes to 62% of its revenues, with domestic operations increasing turning all-economy; and Kingfisher Airlines – restructuring of its cost base (including reductions in debt obligations) and reworking on fleet composition, especially for its longhaul operations to North America. For 2010, IndiGo, which has been the leading example of an efficient LCC, and the only one to make profits in 2009, will continue grabbing more space, with six more aircraft expected to be inducted in 2010. With fare increases expected in the first quarter of 2010, reduced competition, rational pricing & implementation of cost control measures will lead to a better year ahead for the airlines!

All in all, taking into account impossible-to-forecast government policies, one can safely say that once written off (all thanks to their suicidal strategies), a now ‘more disciplined’ aviators’ lot is bound to strike back with improved bottomlines this forthcoming fisca

GLOBALLY, IT’S TOUGH LUCK!

Globally, the sector is witnessing a rise in traffic, although yields continue to remain under pressure. Encouragingly, in the APAC region, during the past six months, there has been a increase in volumes. However, the damage inflicted by 2009 will time beyond 2010 to repair. Thus, global carriers need to remain disciplined on costs and capacity in 2010. The good news is that 2010 will see a definite improvement, with narrower losses (at $5,6 billion) as compared to $11 billion in 2009; the bad news is – profit-making days are more than just a year away for the sector, globally.

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