Air India Crying Sour Grapes

Discussion in 'Star Alliance' started by Lufthansa Flyer, Sep 25, 2011.  |  Print Topic

  1. Lufthansa Flyer
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    Click for Swiss article

    This article, though in German, states that the Indian Gov't has notified Swiss about potentially refusing to allow its planes to fly to India. In addition, threats have been made to revoke Austrian Landing rights, as well as not allowing LH's 380's to come to India.

    Talk about sour grapes. If Air India was good enough, it would have been welcome to *A. So this is revenge? I'd like to see what happens to Air India if their planes were no longer allowed to land in *A territory.
     
  2. ACMM
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    A petty response from the Indian Government...
     
  3. canucklehead
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    Wonder if they will try this with other Star carriers - Continental, Singapore.... or are they just taking their wrath out on the Lufthansa group for now.
     
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  4. Jimgotkp
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    Imagine if they were to do this with EVERY *A carrier. I wonder if every country that the *A carriers are based out of would ban AI to land as well in their airports! :eek:

    Which routes make the most revenue for AI? Does anyone know?
     
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  5. canucklehead
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    I suspect they send a lot of flights to LHR and NYC, which are not likely to ban them, so they are going after single carrier nations. FRA, on the other hand.....
     
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  6. Lufthansa Flyer
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    From reading a few google searches, seems like routes to the mideast/oil producing countries yielded best results but found this snippet. The airline has missed salary payment and is in default on its debt, yet it wants to dictate pace of play with other airlines???

    Here's an excerpt from answers.com:

    Financial crisis
    Around 2006–2007, the airlines began showing signs of financial distress. The combined losses for Air India and Indian in 2006-07 were [​IMG] 770 crores ([​IMG] 7.7 billion). After the merger of the airlines, this went up to [​IMG] 7,200 crores ([​IMG] 72 billion) by March 2009.[12] This was followed by restructuring plans which are still in progress.[13] In July 2009, SBI Capital Markets Ltd was appointed to prepare a road map for the recovery of the airline.[14] The carrier sold three Airbus A300 and one Boeing 747-300M in March 2009 for $18.75 million to survive the financial crunch.[15]
    As of March 2011, Air India has accumulated a debt of Rs. 42,570 crore (approximately $10 billion) and an operating loss of Rs. 22,000 crore, and is seeking Rs. 42,920 crore from the government [16]. For the past three months (June, July, August, 2011), the carrier has been missing salary payments and interest payments and Moody’s Investor Service has warned that missing payments by Air India to creditors, such as the State Bank of India, will negatively affect the credit ratings of those banks [16] [17]. A report by the Comptroller and Auditor General (CAG) blamed the decision to buy 111 new planes as one of the major causes of the debt troubles in Air India; in addition it blamed on the ill timed merger with Indian Airlines as well [18], [19].
     
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  7. milchap
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    Air India = :eek:
     
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  8. Lufthansa Flyer
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    If the Germans and other Europeans were smart, they would simply raise the price of landing fees for AI, or simply revoke their landing rights.

    Or, simply get JET airways into *A and really turn the screws on AI. Look at these cabins vs. AI
     
  9. canucklehead
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    I wonder if some * alliance member can throw them a bone and offer them some cash to buy the 787 rights!!! Air Canada sure could use some new planes! ;)
     
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  10. KVS

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    Is that a new language? :)
     
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  11. Lufthansa Flyer
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    d'oh!!! was thinking airline not language. thanks for the catch!
     
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