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I learned a whole lot about the latest trends and developments in private aviation from my recent conversation with Vincent Kavanagh of Four Corners Aviation. Vince and his firm are Specialist Advisor Members of Family Office Exchange and are among the leading private aviation experts and solution providers serving multigenerational families, their enterprises, and their family offices. #familyoffice #wealthmanagement #privateaviation #uhnw

Shares of InterGlobe Aviation Ltd – the parent firm of IndiGo – will be on investor radar on Monday, March 11, as promoter Rakesh Gangwal and entities may likely sell over 3 per cent stake in the company through block deals today. According to reports, Gangwal could sell a 3.3-per cent stake (130 million shares) in IndiGo to raise around $450 million. “The offer floor price for the proposed block deal is Rs 2,925 per share, which is nearly 6 per cent below its last close price,” the report added. Morgan Stanley, JP Morgan and Goldman Sachs are the investment banks advising Gangwal on the transaction The block deal is a fourth from Gangwal. He has been gradually diluting stake since 2022. At present, Rakesh Gangwal and related entities have 25 per cent stake in the company.  One of the founders of IndiGo, Gangwal was the president and chief executive officer of US Airways Group from 1998 until his resignation in 2001. He later served as head of travel technology firm Worldspan Technologies before setting up IndiGo with Rahul Bhatia. During the October-December quarter, IndiGo operator Interglobe Aviation reported more than two-fold growth in third-quarter profit, helped by air travel demand and higher fares in a seasonally strong period. The company reported a standalone profit of Rs 2,998 crore for the quarter ended Dec 31, compared to Rs 1,418 crore in the year-ago period. IndiGo’s revenue rose 30 per cent to Rs 19,452 crore, which analysts attributed to higher fares. First Published: <!-- -->Mar 11 2024 | 7:49 AM<!-- --> <!-- -->IST Source link

25 Years of Trust and Reliability: Hahnair Empowers Airlines Globally As Head of Strategy, I never tire of sharing about Hahnair's pivotal role in shaping the aviation industry's distribution landscape, particularly through our pioneering HR-169 ticket stock – now for a quarter of a century! Our innovative solution has revolutionised the way airlines do business with 100,000 travel agencies across 190 markets. Hahnair embodies trust and reliability for airlines worldwide. Our enduring partnerships with hundreds of airlines bear testament to our unwavering commitment to their success. We have facilitated seamless and secure repatriation of billions of Euros and US-Dollars, fostering financial stability and growth for our esteemed partners on a global scale. Airlines entrust us with their most valuable assets – their revenue streams – confident in our ability to navigate complex financial transactions safely and securely. This trust is not merely a byproduct of our operations; it is ingrained in the very fabric of Hahnair’s partnership with our airline partners. With Hahnair, airlines receive not just a service, but a partnership built on integrity, mutual respect, and reliability. Hahnair represents so much more than just a distribution service; it embodies a legacy of stability and dedication to our partners' success, and we are excited to move forward with this promise into the next 25 years and beyond.

Shares of InterGlobe Aviation dipped 4 per cent after a block deal involving 83.7 lakh shares- 2.2 percent stake in the company- took place on the exchanges. The block deal was executed at an average price of ₹4,406 apiece and was worth a total of ₹3,689 crore, Moneycontrol reported. An Indigo plane alights its passengers at an airport.(Ramesh Pathania) Although, parties involved in the transaction were not identified, the report added that the holding company of Rahul Bhatia family, InterGlobe Enterprises Private, was looking to cut around 2 percent stake worth $394 million in the carrier via block deal. Date mein Crickit, late mein Crickit! Catch the game anytime, anywhere on Crickit. Find out how Rahul Bhatia and his family members are promoters of InterGlobe Aviation. They hold a 37.75 per cent stake in the carrier through their holding company InterGlobe Enterprises. “This is the first time in many years that he is looking to unlock value and pocket some returns,” the outlet reported citing a source in the know.  Source link

✈️ Navigating Closure: The Technicalities When Destiny Airport Shuts Down ✈️ In the intricate dance of aviation, unforeseen circumstances can disrupt the smoothest of operations. Picture this scenario: Destiny Airport, a vital hub in our network, suddenly faces closure due to unforeseen circumstances. What unfolds behind the scenes when such a pivotal node shuts down? Let's delve into the technicalities: 1) Impact Assessment: The first order of business is assessing the ramifications. Closure of Destiny Airport ripples through our network, impacting flight schedules, passenger itineraries, and logistical operations. Real-time analysis is crucial to gauge the extent of the disruption. 2) Rerouting Strategies: Swift action is imperative to minimize disruptions. Our operations team springs into action, devising rerouting strategies to divert flights away from the affected airport. This entails recalibrating flight paths, coordinating with air traffic control, and optimizing resource allocation to mitigate congestion. 3) Passenger Welfare: Central to our mission is ensuring passenger welfare. With Destiny Airport out of commission, we prioritize seamless rebooking and accommodation arrangements for affected travelers. Clear communication channels are established to keep passengers informed and alleviate any concerns. 4) Logistical Maneuvers: Closure of Destiny Airport necessitates intricate logistical maneuvers. Cargo shipments, ground handling services, and maintenance operations are swiftly realigned to alternative hubs, ensuring minimal disruption to supply chains and operational continuity. 5) Collaborative Efforts: Mitigating the impact of airport closure requires a collaborative approach. We collaborate closely with partner airlines, regulatory authorities, and ground service providers to synchronize efforts and expedite recovery measures. 6) Contingency Planning: The closure of Destiny Airport underscores the importance of robust contingency planning. We conduct thorough post-mortems to glean insights and refine our crisis management protocols, bolstering our resilience against future disruptions. While the closure of Destiny Airport presents formidable challenges, it also serves as a testament to our agility, resilience, and unwavering commitment to operational excellence. Together, we navigate turbulence with tenacity, emerging stronger and more resilient than ever. #Aviation #Operations #DisruptionManagement #Resilience #Collaboration"

Soaring High Together: Navigating the Turbulent Waters of Airport & Airline Acquisitions The aviation industry is a dynamic landscape, and consolidation through acquisitions is a frequent occurrence. But navigating these complex transactions requires careful consideration of several factors, including technical due diligence which plays a crucial role when assessing the risks and opportunities involved. What Impacts Airlines: • Market Consolidation: Airlines seek to expand reach, optimize routes, and gain market share, prompting mergers and acquisitions. • Cost Synergies: Combining operations can create efficiencies in areas like maintenance, staffing, and technology, leading to cost savings. • Network Optimisations: Acquisitions can help airlines fill gaps in their network and offer passengers more options and connectivity. • Regulatory Scrutiny: Antitrust concerns and potential harm to competition require careful analysis and potential regulatory approvals. How This Impacts Airports: • Growth Strategies: Airports often acquire other facilities to expand capacity, attract new airlines, and cater to growing passenger demand. • Infrastructure Development: Acquisitions can facilitate joint ventures for infrastructure projects like new terminals or cargo facilities. • Enhanced Services: Consolidation can then lead to improved passenger experience through combined resources and broader service offerings. • Competition Considerations: Acquisitions can potentially bring concerns about reduced competition in specific markets and potential impact on pricing and service quality. Knowing What You're Getting: For both airlines and airports, incorporating technical due diligence is essential before finalizing an acquisition. This involves a comprehensive assessment of: • Fleet composition and maintenance history: Evaluating the age, condition, fuel efficiency, and maintenance practices of the airline's fleet or the airport's ground support equipment. • Infrastructure: Assessing the systems used for flight operations, ticketing, baggage handling, and air traffic control at airports, and compatibility with existing systems. • Facilities and infrastructure: Evaluating the condition of runways, terminals, hangars, cargo facilities, and other airport infrastructure, considering potential upgrades or maintenance requirements. • Compliance with regulations: Ensuring all airport and airline operations comply with safety, security, and environmental regulations. By conducting a thorough technical due diligence, you can identify potential risks and opportunities associated with the acquisition, such as: • Hidden costs of maintenance or infrastructure upgrades. • Compatibility issues between existing and acquired technologies. • Compliance gaps that may require addressing. • Opportunities to leverage existing infrastructure and technology for improved efficiency. # HKA #Aviation #Acquisition #Airlines #Airports #TechnicalDueDiligence

If you have a couple of minutes to spare, here's why being invested and involved in industry organizations such as the National Business Aviation Association, the International Aircraft Dealers Association, and the General Aviation Manufacturers Association is so important... and beneficial. And not just for Aviation Partners, but for the entire industry to continue Climbing. Fast.

There's a strong likelihood that United Airlines will relocate its headquarters from Chicago to Denver. If United Airlines were to move its headquarters from Chicago to Denver, it could have significant implications for Denver. Such a move might bring economic benefits to the city, including increased job opportunities, infrastructure development, and potentially a boost to the local economy through corporate investments. Additionally, it could enhance Denver's status as a hub for the aviation industry and potentially lead to increased business activity and corporate presence in the region. However, such a move would also involve various logistical and operational changes for both the airline and the city, impacting aspects like transportation, real estate, and workforce dynamics. https://lnkd.in/g-bXEyYa

📰 In a recent press release by SITA, the leading technology provider for the air transport industry, it was announced that they have acquired ASISTIM - Airline Services & Academy, a renowned company specialising in airline flight operations services. This strategic move marks SITA’s entry into the operations as-a-service market, aimed at assisting airlines of all sizes in enhancing efficiency and scalability. To know more, read here: https://lnkd.in/d-Ct84Fe #SITA #ASISTIM #airlineoperations #aviationtechnology #efficiency #scalability #Aviation360ME #AviationNews