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PostPosted: Tue Apr 20, 2010 10:38 pm 
Guest wrote:
Paramount grounded for good?


CHENNAI: All flights operated by the Chennai-based Paramount Airways were cancelled on Monday. While a Paramount spokesperson said that their two aircraft were under maintenance and that flight operations would resume on Wednesday, airport sources attributed it to the suspension of the scheduled-airline permit by the Directorate General of Civil Aviation (DGCA).


“As we are flying with just two aircraft, they are being put under maintenance and there will be no flights till April 21,” the airline spokesperson told Express.

But a senior official in the DGCA headquarters said: “Their permit was suspended on Sunday night as the airline failed to comply with some regulations.” Also, the airline’s domestic schedule has been inactivated on the DGCA website.

According to airport authorities, Paramount had been operating its services with just one Embraer aircraft VT-PAC to destinations like Madurai, Coimbatore and Trivandrum for quite some time after three of its other aircraft were de-registered.

When Express spoke to the airline’s managing director M Thiagarajan on Sunday, he said: “We will acquire six more aircraft within the next two months. Two Embraers and four Airbus will be part of the fleet soon. Earlier, we made a mistake of being over-dependent on one leasing company.” The airline had a feud with the GE Commercial Aviation Services following which three of its aircraft were deregistered.

“One aircraft, leased by Embraer, has been grounded at the airport for over nine months. Many parts, including both the engines, are missing,” a source at the airport said.

Employees of Paramount said that that the company was sitting on salaries of employees, particularly that of the only Indian captain, who resigned on March 22. Salaries of co-pilots had been slashed by 50 per cent following which six of them quit, they said and added that even the Columbian pilots were leaving.

However, Thiagarajan rubbished all the charges, saying the pilots were sent on leave.

“Moreover, DGCA wants us to replace all expat pilots with Indians. No one has resigned so far,” he said.


could someone confirm paramount operations to trichy is ok? :?


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Trichy Flight Services, Flight ticket offers, Malindo Trichy, Airasia Trichy, Tiger airways Trichy, Srilankan Airlines Trichy
PostPosted: Tue Apr 06, 2010 9:16 pm 
Air Arabia to fly to non-metro cities

New Delhi, April 5 (IANS) Air Arabia will fly to more smaller cities across India, the Gulf-based low-cost carrier said Monday, marking the completion of its fifth year of operations in the country.

“We have made efforts to operate to smaller, less congested airports closer to the customer base. We also operate in smaller cities offering customers to fly to their destinations directly from their home town. This has resulted in continuous growth year on year,” the airline said in a statement.

The airline flies to smaller towns like Nagpur, Jaipur, Ahmedabad, Cochin, Coimbatore, Kochi, Kozhikode and Thiruvanathapuram, besides the metros. Currently, it offers 102 flights a week, flying directly from its hub in Sharjah to 13 cities in India.

“In the last five years, we have opened up affordable air travel to the Indian community living in the Gulf and will continue to offer comprehensive route network and connectivity across the country,” the airlines said.

Air Arabia was the first international airline to commence operations from smaller towns like Nagpur in 2005. It was the first UAE-based airline to offer direct flights to Goa last year.



will trichy be included in the air arabia plans this time? only time will let know.


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PostPosted: Mon Apr 05, 2010 7:17 am 
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Flight Schedule at Trichy Airport

Image

Full schedule is available at http://trichytimes.com/TrichyFlightServices.htm


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PostPosted: Fri Apr 02, 2010 7:23 pm 
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I’ve nothing against Madurai.

But, yes; I do strongly agree with other fellow well-wishers of Trichy that our city is being side-lined as far as air transport is concerned.

We’ve a lot of businesses, majority being industries, in and around Trichy.

We’re also hard working folks but aren’t smart enough like Madurai people who have the skill and smartness to live-off others’ fat all these years.

Well, challenge me if you disagree; Chennai has a galaxy of industries in nearly all areas to be proud of, Coimbatore (also comprising its neighbouring towns) has long been known as Manchester of the east and Trichy in its own right has emerged as an engineering outsourcing centre.

What does Madurai have and what does it stand for other than its....well....what you see in movies....it makes me sick to even mention the stuff shown on screen to glorify the wild west of Tamil Nadu.

It was upgraded as a corporation way back in the early 70s, when it was still a mega village, earlier than Coimbatore, which became lucky only in the early 80s, despite being a more deserving, enterprising, developed and civilised city.

I was born and brought up in Trichy and love my city next to my wife.

Therefore, I apologise if I’ve hurt Madurai citizens but this deep rooted aversion has grown deeper over the years to the extent that one of the conditions laid by me while choosing a bride was – no consideration of alliance proposals from Madurai. I’ve also advised my brother to follow suit.

Finally, it would be sad if the new terminal built at Trichy is robbed of its international airport status by its less deserving and more ravenous cousin, Madurai.


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PostPosted: Fri Apr 02, 2010 10:13 am 
R.S.NARAYANAN wrote:

EARLIER IT WAS A PLAN TO OPERATE TRZ-MALE IN 1980S ITSELF. AIR MALDIVES ALSO OPENED THEIR OFFICE AT TRICHY. AS USUAL IT IS NOT POSSIBLE DUE TO POLITICS.

WE WILL WAIT AND SEE WHAT HAPPEN IF MADURAI GETS INTERNATIONAL CONNECTION LIKE WHAT HAPPENED IN AERO PARK PROJECT FOR MADURAI


What politics? Since 1980 :?: Btw, Who told Aero park project is coming to Madurai? I didn't read any such article! :roll:


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PostPosted: Thu Apr 01, 2010 6:59 pm 
R.S.NARAYANAN wrote:
Guest wrote:
Airport authorities planning introduction of overseas flights


L. Srikrishna

Proposals are being examined at the top-level for implementation


MADURAI: With the new terminal building in Madurai airport expected to become fully operational by July-August, the authorities are contemplating introduction of international services to destinations like Singapore and Kuala Lumpur based on market feedback.

A reliable Airports Authority of India (AAI) source said here on Wednesday that after the recent visit of the AAI Chairman, work is in full-swing at the airport.

EARLIER IT WAS A PLAN TO OPERATE TRZ-MALE IN 1980S ITSELF. AIR MALDIVES ALSO OPENED THEIR OFFICE AT TRICHY. AS USUAL IT IS NOT POSSIBLE DUE TO POLITICS.

WE WILL WAIT AND SEE WHAT HAPPEN IF MADURAI GETS INTERNATIONAL CONNECTION LIKE WHAT HAPPENED IN AERO PARK PROJECT FOR MADURAI

The Confederation of Indian Industry, Tamil Nadu Chamber of Commerce and Industry and Madurai District Tiny and Small Scale Industries Association have impressed upon the officials about the need to introduce international flights from the temple city.

The proposals are being examined at the top level for implementation.

Currently, Madurai has nine flights per day to Chennai and one each to Mumbai and Bangalore.

The capacity for Chennai is 654 seats, 45 for Mumbai and 66 for Bangalore. But the demand is so high that on an average most of the carriers operate on 80 per cent seat factor. A seat in economy class to Chennai is priced around Rs 15,000. Though this might not directly reflect on the need for international services, it was an indicator of the potential in Madurai, the source said.

There is good potential for export of cargo to Asian countries. Madurai's jasmine, sungudi sarees and textile goods are some of the goods in demand.

The AAI has been requested to consider the proposals to operate Chennai-Madurai-Male, Madurai-Muscat, Madurai-Dubai and Singapore or Kuala Lumpur-Chennai-Madurai-Chennai flights thrice a day.

The travel industry has suggested the timings as follows: departure Chennai 12 hours, arrival Madurai 12.50; departure Madurai 13.30 and arrival Male 14.35.

In the return direction, it may leave Male at 15.35 hours, arrive Madurai at 16.40, depart Madurai at 17.30 and reach Chennai at 18.20.

The proposed Male flight on arrival at Madurai may take Singapore and Kuala Lumpur passengers on three days a week.

The suggested timings are: Chennai departure 19.20 hours, Singapore or Kuala Lumpur arrival 23.20, Singapore or Kuala Lumpur departure 01.00, arrival Chennai 05.00 and depart at 06.00; arrival at Madurai 06.50 hours and departure for Chennai at 07.30.

The travel industry has recommended that 30 to 40 passengers may fly (per flight) to Male from Madurai and that Chennai will provide a load of 40 to 50 passengers per flight.

Union Minister for Fertilizers and Chemicals M.K. Alagiri had in his election manifesto promised to introduce international services from the Madurai airport. The officials had briefed the Minister about the progress at a recent meeting.


WHY TRICHY HAS NO FLIGHT CONNECTION TO MALE DESPITE HUGE TAMIL POPULATION THERE? ALSO WILL TRICHY AIRPORT SURVIVE AFTER THE INTRODUCTION OF NEW FLIGHTS FROM MADURAI? :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:




EARLIER IT WAS A PLAN TO OPERATE TRZ-MALE IN 1980S ITSELF. AIR MALDIVES ALSO OPENED THEIR OFFICE AT TRICHY. AS USUAL IT IS NOT POSSIBLE DUE TO POLITICS.

WE WILL WAIT AND SEE WHAT HAPPEN IF MADURAI GETS INTERNATIONAL CONNECTION LIKE WHAT HAPPENED IN AERO PARK PROJECT FOR MADURAI


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PostPosted: Thu Apr 01, 2010 3:09 pm 
Guest wrote:
Airport authorities planning introduction of overseas flights


L. Srikrishna

Proposals are being examined at the top-level for implementation


MADURAI: With the new terminal building in Madurai airport expected to become fully operational by July-August, the authorities are contemplating introduction of international services to destinations like Singapore and Kuala Lumpur based on market feedback.

A reliable Airports Authority of India (AAI) source said here on Wednesday that after the recent visit of the AAI Chairman, work is in full-swing at the airport.

EARLIER IT WAS A PLAN TO OPERATE TRZ-MALE IN 1980S ITSELF. AIR MALDIVES ALSO OPENED THEIR OFFICE AT TRICHY. AS USUAL IT IS NOT POSSIBLE DUE TO POLITICS.

WE WILL WAIT AND SEE WHAT HAPPEN IF MADURAI GETS INTERNATIONAL CONNECTION LIKE WHAT HAPPENED IN AERO PARK PROJECT FOR MADURAI

The Confederation of Indian Industry, Tamil Nadu Chamber of Commerce and Industry and Madurai District Tiny and Small Scale Industries Association have impressed upon the officials about the need to introduce international flights from the temple city.

The proposals are being examined at the top level for implementation.

Currently, Madurai has nine flights per day to Chennai and one each to Mumbai and Bangalore.

The capacity for Chennai is 654 seats, 45 for Mumbai and 66 for Bangalore. But the demand is so high that on an average most of the carriers operate on 80 per cent seat factor. A seat in economy class to Chennai is priced around Rs 15,000. Though this might not directly reflect on the need for international services, it was an indicator of the potential in Madurai, the source said.

There is good potential for export of cargo to Asian countries. Madurai's jasmine, sungudi sarees and textile goods are some of the goods in demand.

The AAI has been requested to consider the proposals to operate Chennai-Madurai-Male, Madurai-Muscat, Madurai-Dubai and Singapore or Kuala Lumpur-Chennai-Madurai-Chennai flights thrice a day.

The travel industry has suggested the timings as follows: departure Chennai 12 hours, arrival Madurai 12.50; departure Madurai 13.30 and arrival Male 14.35.

In the return direction, it may leave Male at 15.35 hours, arrive Madurai at 16.40, depart Madurai at 17.30 and reach Chennai at 18.20.

The proposed Male flight on arrival at Madurai may take Singapore and Kuala Lumpur passengers on three days a week.

The suggested timings are: Chennai departure 19.20 hours, Singapore or Kuala Lumpur arrival 23.20, Singapore or Kuala Lumpur departure 01.00, arrival Chennai 05.00 and depart at 06.00; arrival at Madurai 06.50 hours and departure for Chennai at 07.30.

The travel industry has recommended that 30 to 40 passengers may fly (per flight) to Male from Madurai and that Chennai will provide a load of 40 to 50 passengers per flight.

Union Minister for Fertilizers and Chemicals M.K. Alagiri had in his election manifesto promised to introduce international services from the Madurai airport. The officials had briefed the Minister about the progress at a recent meeting.


WHY TRICHY HAS NO FLIGHT CONNECTION TO MALE DESPITE HUGE TAMIL POPULATION THERE? ALSO WILL TRICHY AIRPORT SURVIVE AFTER THE INTRODUCTION OF NEW FLIGHTS FROM MADURAI? :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:


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PostPosted: Thu Apr 01, 2010 12:25 pm 
Guest wrote:
Kalanithi's Rs 700-cr offer not too hot for SpiceJet owners



MUMBAI: Kalanithi Maran, media baron and promoter of Sun TV, and the promoters of SpiceJet are sparring over the price being offered for a majority
stake in the budget carrier, with Mr Maran’s proposal of Rs 700 crore for a 51% stake finding few takers among the airline’s shareholders.

Mr Maran, whose interests have now spread from media to aviation, has completed due diligence and is believed to have made an offer of Rs 700 crore, or Rs 55 per share. This is not acceptable to the SpiceJet shareholders, as the offer is at a discount to the ruling market price of the stock.

The SpiceJet stock fell marginally to Rs 57.55 on Monday. At current market price, SpiceJet is valued at about Rs 1,388 crore.

“There are differences on the valuation. If that is over, a deal may be announced in a fortnight,” said an investment banker requesting anonymity. Kenya-based Kansagra family is the promoter of SpiceJet with a 13% stake. SpiceJet director Ajay Singh holds 5%.

The deal, if it goes through, will be a combination of share sale by existing shareholders and issue of new shares to Mr Maran, who has been looking for an opportunity to enter the aviation industry. He held discussions to buy Star Aviation, an yet-to-be-launched regional airline in South India.

Attempts to reach Mr Maran and Sanjay Aggarwal, SpiceJet’s chief executive officer, failed. SpiceJet’s chief operating officer Samyukta Sridharan, in response to an ET query, said, “As a policy, we do not comment on market rumours and speculation.”

Financial services group Religare is also in the race, but yet to do the due diligence, said a person having direct knowledge of the development. The Anil Ambani Group had showed some initial interest.

Advisory firm Ernst & Young (E&Y) is doing the financial due diligence for SpiceJet and law firm Amarchand & Mangaldas & Suresh A Shroff & Co is advising Mr Maran on legal issues.

Financial services firm Edelweiss is advising SpiceJet on the deal. Key executives within the airline said the Maran group had done initial reference check on the SpiceJet management some time ago.

Aviation analysts and experts, who have been tracking SpiceJet, said valuations for the airline can be the deal breaker. “SpiceJet is one of the most expensive airlines in the country,” said a source from one of the major advisory firms in the country, not wanting to be identified.

“If one compares on the basis of number of aircraft, Kingfisher Airlines with 65 aircraft has a market cap of Rs 1,286 crore whereas SpiceJet with only 20 aircraft has a market cap of Rs 1,390 crore,” he said. The stock has seen as much as 60% rise over the past six months, compared to peers like Jet Airways, which saw an increase of 42% over the same period.

US-based billionaire private equity investor Wilbur Ross has also invested in the airline and is believed to looking to sell his stake. Mr Ross invested $80 million in SpiceJet in July 2008 through foreign currency convertible bonds. In December this year, Mr Ross will either have to convert or redeem the bonds.

Mr Ross’ stake will go up to 31% if he converts the bonds, forcing him to launch the mandatory 20% open offer, which, he does not want to, sources said. “This is why Wilbur Ross is looking to sell his stake in the company,” said the person having direct knowledge of the matter. Wilbur Ross could not be contacted for comment.




Kalanithi ups SpiceJet bid, with ADAG, Religare hovering about



Media baron Kalanithi Maran has hiked his bid for 51% stake in India’s second-largest no-frills airline by around 14% to Rs800 crore from Rs700 crore earlier.

When the owner of Sun Network, south India’s biggest media company, had begun talks some months back (DNA first reported this on February 19), he had offered Rs450 crore for a majority stake.

A SpiceJet source, who did not wish to be named, said an entity belonging to the Anil Dhirubhai Ambani Group (ADAG) is also carrying out due-diligence at present.

SpiceJet has been desperately looking to raise funds for its expansion plans. The airline will begin flying overseas by the middle of this year.

Company and merchant bank sources said Religare Enterprise Ltd, the financial services company promoted by Malvinder Singh of Ranbaxy, is also keen on investing.

They said Maran has hiked his bid looking at the interest of other investors in the company.

“Maran knows SpiceJet’s need for cash. That is why he had made discounted offers earlier. He is now ready to pay Rs60-63 per share instead of the Rs55 per share,” said one of the sources.
Maran, Religare and ADAG could not be reached for comment.
On Tuesday, the SpiceJet stock closed 0.30 points higher at Rs57.85 per share from Monday’s closing price of Rs57.55 per share. It touched a high of Rs60.25 a share during the day. The airline’s market capitalisation stood at Rs1,395 crore.

“He (Maran) is acting fast so that others don’t trump him,” said the source.

But company sources said the dark horse could be Religare, which is keen on entering the commercial aviation space.
“Going by the current offers, the final valuation for a 51% stake in the SpiceJet could settle around Rs 900-950 crore,” said the source.

He said fresh rounds of stake-sale discussions started when one of SpiceJet’s promoters, Bhupendra Kansagra, had come to New Delhi on Monday from London.

Kansagra and family own 13% stake in the airline.

“He (Kansagra) is seriously looking to cash out but Ajay Singh, who has around 4.5% stake, does not want to let that happen at this point in time,” he said.

Singh was not available for comment.

Interestingly, US-based turnaround investor Wilbur Ross, who has put $80 million into the airline, is also looking at pumping in more funds.

“Right now, he (Ross) is in no mood to exit the company. He is interested in putting in more funds. If needed, the company may even issue fresh equity to bring in new investors,” said a company source in the know.


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PostPosted: Thu Apr 01, 2010 7:54 am 
Airport authorities planning introduction of overseas flights


L. Srikrishna

Proposals are being examined at the top-level for implementation


MADURAI: With the new terminal building in Madurai airport expected to become fully operational by July-August, the authorities are contemplating introduction of international services to destinations like Singapore and Kuala Lumpur based on market feedback.

A reliable Airports Authority of India (AAI) source said here on Wednesday that after the recent visit of the AAI Chairman, work is in full-swing at the airport.

The Confederation of Indian Industry, Tamil Nadu Chamber of Commerce and Industry and Madurai District Tiny and Small Scale Industries Association have impressed upon the officials about the need to introduce international flights from the temple city.

The proposals are being examined at the top level for implementation.

Currently, Madurai has nine flights per day to Chennai and one each to Mumbai and Bangalore.

The capacity for Chennai is 654 seats, 45 for Mumbai and 66 for Bangalore. But the demand is so high that on an average most of the carriers operate on 80 per cent seat factor. A seat in economy class to Chennai is priced around Rs 15,000. Though this might not directly reflect on the need for international services, it was an indicator of the potential in Madurai, the source said.

There is good potential for export of cargo to Asian countries. Madurai's jasmine, sungudi sarees and textile goods are some of the goods in demand.

The AAI has been requested to consider the proposals to operate Chennai-Madurai-Male, Madurai-Muscat, Madurai-Dubai and Singapore or Kuala Lumpur-Chennai-Madurai-Chennai flights thrice a day.

The travel industry has suggested the timings as follows: departure Chennai 12 hours, arrival Madurai 12.50; departure Madurai 13.30 and arrival Male 14.35.

In the return direction, it may leave Male at 15.35 hours, arrive Madurai at 16.40, depart Madurai at 17.30 and reach Chennai at 18.20.

The proposed Male flight on arrival at Madurai may take Singapore and Kuala Lumpur passengers on three days a week.

The suggested timings are: Chennai departure 19.20 hours, Singapore or Kuala Lumpur arrival 23.20, Singapore or Kuala Lumpur departure 01.00, arrival Chennai 05.00 and depart at 06.00; arrival at Madurai 06.50 hours and departure for Chennai at 07.30.

The travel industry has recommended that 30 to 40 passengers may fly (per flight) to Male from Madurai and that Chennai will provide a load of 40 to 50 passengers per flight.

Union Minister for Fertilizers and Chemicals M.K. Alagiri had in his election manifesto promised to introduce international services from the Madurai airport. The officials had briefed the Minister about the progress at a recent meeting.


WHY TRICHY HAS NO FLIGHT CONNECTION TO MALE DESPITE HUGE TAMIL POPULATION THERE? ALSO WILL TRICHY AIRPORT SURVIVE AFTER THE INTRODUCTION OF NEW FLIGHTS FROM MADURAI? :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:


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PostPosted: Tue Mar 30, 2010 3:57 pm 
I dont see the above posts related to Trichy? I dont understand the need of those posts in this thread.


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