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karatecatman Guest
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karatecatman Guest
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Posted: Sun May 06, 2007 8:38 pm Post subject: |
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Mounting losses squeeze Air Deccan
JP Morgan says airline has “close to zero residual equity” but it’s business as usual at the budget carrier
Mehul Srivastava
Battered from three years of almost non-stop losses, Deccan Aviation Ltd, owners of India’s biggest low-cost airline, Air Deccan, appears close to running out of all its equity, according to separate analyses of its finances
http://www.livemint.com/2007/05/04235759/Mounting-losses--squeeze-Air-D.html |
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Boeing7xx Member
Joined: 23 Dec 2006 Posts: 477 Location: WSSS
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Posted: Mon May 07, 2007 8:34 am Post subject: |
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Q: How do you become a millionaire in the airline business?
A: Start with a billion |
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HAWK21M Member
Joined: 19 Dec 2006 Posts: 8132 Location: Mumbai, INDIA
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Posted: Mon May 07, 2007 10:58 am Post subject: |
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If the Reports are true.,Could be a Takeover/sale on the lines.
Aviation is a tricky bussiness.Low fares & high salaries with high Parking/navigation charges & ATF costs are killing it.
It has to be balanced well.
regds
MEL _________________ Think of the Brighter side !!! |
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Nimish Member
Joined: 16 Dec 2006 Posts: 9757 Location: Bangalore, India
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Posted: Mon May 07, 2007 1:54 pm Post subject: |
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Surprising that Capt does not appear worried about the worsening financials of his airline and is busy talking about running 380s on Rajdhani express fares! |
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BigTom Member
Joined: 21 Mar 2007 Posts: 271 Location: Dubai, UAE
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Posted: Mon May 07, 2007 1:58 pm Post subject: |
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He evidently knows something that we don't.
Cheers |
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karatecatman Guest
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