damania airways
parvez damania, of the erstwhile damania airways fame, is finalising plans to set up a pilot training institute in maharashtra .
nepc airlines, one of india' s fastest - growing private carriers, has bought rival damania airways for some $ 33. 3 million .
damania capital markets ltd. stock price, share price, live bse / nse, damania capital markets ltd. bids offers. buy / sell damania capital markets ltd. news & tips, & f & o; quotes
damania last month visited grounded southern regional carrier air pegasus which has ...
the government had way back in early 1990s suspended the flying licence of damania airways for about 10 days after two passengers got into a brawl (one of them got inebriated) after being served liquor on a mumbaigoa flight .
damania claimed that air pegasus did not have a business proposal that he found feasible to invest in .
nepc is the fourth major private airline in the country to suspend operations since the union government announced an open skies policy in 1992. east west airlines and modiluft suspended their operations after facing huge operational losses. the ailing damania airways was sold off to the nepc group. the khemkas took over control of damania in which it picked up less than five per cent equity stake and later made a public offering to pick up 25 per cent equity from the public .
jet airways is also planning to lease a further six aircraft to add to its seven 737 - 200s and three f27s. the airline is likely to opt for the 737 - 400, say local sources .
the government had handed out the first few licenses to private operators, as
air taxis
. a dynamic civil aviation minister, madhavrao scindia, opened the sector to competition by modifying the air corporations act, 1953. damania airways, which debuted in 1992, ushered in a legion of pretty young things in short skirts and courteous service. the seats began filling up soon .
damania capital is in the finance - investments sector. it is listed on the bse with a bse code of 511678 and the nse with an nse code of damaniacm .
damania, which operates on main routes in western india, is believed to have fallen behind recently with lease payments to portuguese - based plm leasing, from which it leases two of its four boeing 737 - 200s. damania has not acquired additional aircraft, despite the government giving the go - ahead recently to purchase a boeing 737 - 400 .
heir legacy as the pioneers of the aviation boom version 1 however endures in today' s private airlines like jet airways and kingfisher who along with spicejet, paramount, indigo and go air command over 80 per cent of the civil aviation sector and fly 39 lakh passengers every month .
in came the private players who dominated the skies as the aviation sector opened up in the nineties. brands such as damania and modiluft redefined the joy of flying altogether. the best standards were picked from across the globe and offered to the indian traveller. damania even went a step further and brought liquor into the india flying experience. i do remember early 6 a. m. breakfast flights having people demanding and getting their shots of breakfast whisky .
eventually, damania' s smartest move was in reading which way the wind sock was blowing. he sold the airline brand and its five 737 - 200 aircraft to nepc' s ravi prakash khemka in 1995, less than three years after his maiden flight when
the numbers didn' t add up
. the buy - out was doomed and both nepc and damania passed into the crypt of the first wave of aviation entrepreneurs inscribed with brands like east west and modiluft. t
it is unclear whether damania will remain a separate company, or be merged with nepc, which operates five fokker f27s on feeder routes in southern india. merger seems more likely since, under indian civil - aviation guidelines, private airline or air taxi licences are not transferable .
in the year the government threw open the doors of india' s moribund public sector economy, one enterprising poultry farmer from karjat had a bright idea. wouldn' t it be great to launch an airline that offered great service and actually cared for its customers, parvez damania, then 32, thought. in the days of whimsical flight schedules, when matronly indian airlines air hostesses and terrible food epitomised the stifling government control over the civil aviation sector, good service, a given today, was practically unthinkable .
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nepc airlines and its subsidiary, skyline nepc, have been grounded. the international air travel association (iata) has suspended them for non - payment of dues following which they have been taken off the computerised reservation system (crs) .
the cash - starved, chennai - based airlines owed money to indian oil corporation (ioc), which impounded their aircraft for non - payment of dues .
last month, the pilots of both the airlines went on a strike following suspension of some of the aircraft commanders. this had led to further losses for the airlines. the airlines fleet consists of nine fokker planes and five boeing 737 - 200s .
nepc, however, refused to confirm the grounding of its fleet. ravi prakash khemka, chairman of the food - to - wind power conglomerate, was not available for comment .
the airlines generated rs 350 crore revenues in the previous fiscal and was expected to achieve a turnover of rs 400 crore by the end of march 1998. r p khemka had claimed last year that he had pumped in around rs 110 crore in his airlines business which included acquisition and leasing of new aircraft .
the group created a major stir last year when it made an open public offer to pick up 48 per cent equity (about 3 crore shares) in modiluft in a hostile takeover bid for the airline. the group offered to pick up shares at rs 29 per share which would have cost it around rs 87 crore. however, the bid turned out to be unsuccessful as it did not conform to sebi regulations .
at one time, the group was also planning to acquire up air a joint sector airline, which flies on feeder routes in uttar pradesh and gujarat air, a company promoted by the suchantis who also control pressman advertising. both gujarat air and up air own two fokker aircraft each .
the group was also negotiating with air india for leasing out some of its aircraft in the domestic sector to carry passengers from various cities in the country to international airports .
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by 1992, they were carrying over two lakh passengers even though they accounted for just 2 per cent of traffic. but the dark clouds were fast filling up and scindia' s resignation was only the first of their woes. capital was hard to raise and trained manpower difficult to recruit. making money was not as easy as the players had thought. they were further hobbled by harsh government rules on not advertising their flight schedules or hiring pilots from state - owned carriers .
here is something that rajiv gandhi forgot to do as prime minister. he talked about taking india into the 21st century, but forgot all about the present one and the opposition it may have in the future. p. v. narasimha rao, and his finance minister, manmohan singh, got it just right. on the one hand, they sang praises about nehruvian socialism. on the other, they took the country by the scruff of the neck and said move, or we all die. the fact that they drew practically no flak is an indication of how well the duo played the game. the industrial policy proposals were explosive. for one, they heralded the end of the licence raj. barely had parliament recovered from the industrial policy on july 24, when it was presented with a budget that showed deft political footwork .
airlines should strive to put the smiles back on customers’faces. (file photo) v. v. krishnan
what' s wrong with the airline industry today in india? once upon a time we had the best happening here. now, it is a complete breakdown of service standards .
nalini, i share your pain. i am a fellow traveller with you in this pain and i have seen it unfold, pain point by pain point .
india and its airline players have been through the ups and downs. air india, the international player of old, was considered one of the best in the really old days. apparently in the days you and i had yet to take to air travel. and today, we do see a significant difference .
and then there was a rejig. the current dominant players that include jet in its many avatars, kingfisher and spicejet and indigo and more are the ones that have attempted all the changes. changes that have redefined flying experience. some good, some bad .
the key point is one of profitability. as every airline vies with one another to get those profit margins, there is indeed a cut in service and service standards. many things have vanished. the candy on a tray, the cotton wool for all to take home in cute little packets, pens and headphones and even more .
while that is all fine, there seems to be no free lunch on an airline as well today. many players in the low - cost space have done away with it altogether with obscenely priced in - flight menus that keep many a passenger hungry till landing. an empty stomach is really not a great start to building a positive brand .
even if one can bear this, in total and true understanding of the cost - saving mindset that is necessary to run a good business, what is inexcusable is the quality of service offered by the ground staff. while the in - flight staff is still a well - trained and polite lot, the ground staff seem to be losing touch with the customer. a ruffled customer on the ground is not happy customer in the air for sure, never mind how good the in - flight experience is .
even if one is to bear the on - ground experience as one that is all about cost savings again, what is crucial is the situation on flight delays and how it is handled. as low - cost flights delay and cancel flights at will, the “operational reasons” excuse is just not taken well by the passenger at large. and this is causing one more pain point that needs managing .
nalini, there sure is a lot of pain. blame it on better cost management practices. blame it on the airline wanting to make better money as well. better money to keep the airline flying to take care of your future flying needs. the airline is a service, but the airline is a business as well. managing both these dimensions without trampling on the service requirements and standards of the passenger is the challenge at hand. sadly, few are managing this well .
comparisons are odious, but the indian traveller is still getting better service and better everything at large than the guy in the uk and the us and most certainly in europe, for sure. but i agree, nalini, we must aspire to the best. at this point of time, this is a matter of worry and the airlines just don' t seem to be bothered to listen .
in my company, there is a lot of emphasis on networking. i force myself to network, but don' t really enjoy this. is there a solution? and what is this networking all about ?
rohit, i really hope you don' t get into trouble with your company for asking this question. but it is a good one. a real one .
networking is what networking does. and networking is what networking becomes. a disease at times. a disease that robs us of our sincerity. a disease that robs us of who we really are, and something that at times makes us what we really don' t want to be. insincere beings .
the guy smiling at you in the post office queue is not a sincere human being. he is an amway salesperson out on the prowl. ouch !
the guy who gives you his card and gets back to you even before you have reached your hotel with a friendly e - mail is really not doing it just out of love for a fellow human being. everything today in the space of networking is highly returns - oriented. the genuine feel and flavour of life is really at threat .
my take is a simple one. i worry as many of us are progressively traipsing the path of the frivolous and the insincere, as against the solid and the real. many of us are really caught in the vortex of the insincere. many of us really find ourselves in what i call the insincerity trap. a trap that makes you as unreal and hollow as society wants you to be .
can we then attempt to throw networking out of the window, at least for a while? take a networking break? could we then interact and exchange calling cards only when we really want to? not by force of habit. not by force of the networking disease that wants us to harvest another soul onto my network .
and let' s smile when we want to. let' s recognise people who we really know, come across all the while, never mind their value to our networks. let' s just get real. at least for a while? rediscovering ourselves is really networking with ourselves first, before we attempt to network with others .
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rahul' s parting ways with us occurred several days back as part of our restructuring of airports and ground services ,
spicejet said in a statement .
there were quite a few airlines that faced turbulence before shutting down. et lists the airlines that went bust in the past two decades :
private airlines have a due of rs 526 crore towards the state - owned airports authority of india (aai) till december last year .
the country’s leading aviation training institutes are increasingly stepping up focus on b and c category cities as youngsters from small - town india aspire to high - flying careers in the booming aviation industry .
lenders are reconciling to the fact that chances of an equity investor coming forward is remote while the airline' s troubles are rising .
the benefits of the etihad deal notwithstanding, veteran industry watchers will find naresh goyal' s enthusiasm for foreign investment fascinating .
in a bid to keep the tatas out of aviation space, successive govts had changed rules of aviation game every now and then, just to justify exclusion .
during 2004 - 07, india was bullish and low per capita matrix in every sector made entrepreneurs make over - optimistic estimates of the vast market .
their top lines are impressive, they serve billions of customers and most of the poster boys come from these two sectors, so what if they’re losing money .
newbies to get permission only after the ministry is convinced that the cos have sound financials .
the journey from a cinema hall in delhi to regent street in central london, would probably qualify as an ultra - long haul flight .
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meanwhile, another leading private carrier, east west airlines has embarked on a major expansion drive, with plans to introduce five new boeing 737 - 400s, and establish a maintenance unit in madras. the company has a fleet of seven boeing 737 - 200s and three fokker f - 27s .
only twice in the first decade since the airbus a380 entered service has the double - deck aircraft ended a year with its order backlog higher than that of the previous one. on both occasions middle eastern carrier emirates alone had spared the programme from recording a duck for the year. emirates ordered 32 a380s in mid - 2010 and just eight days before the end of 2013 signed for another 50 of the type .
losing four geared turbofan engines to in - flight failures as a result of a botched durability upgrade was not how pratt & whitney wanted 2018 to begin quite the opposite .
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crisis - ridden kingfisher airlines today said it is working on a comprehensive revival plan which will be given to aviation regulator dgca in the next few weeks .
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damania airways was an indian airline headquartered in mumbai , that operated from 1993 to 1997 . it was promoted by the damania brothers , parvez and vispi . 
damania airways was an indian airline headquartered in mumbai, that operated from 1993 to 1997. it was promoted by the damania brothers, parvez and vispi.
damania airways was an indian airline headquartered in mumbai, that operated from 1993 to 1997. it was promoted by the damania brothers, parvez and vispi.