Jet Airways, a private carrier is planning to increase domestic low-fare capacity to 80 percent of the total fleet from present 72 percent. The airline company may also launch more budget flights for short-haul international routes. In order to do this, the airline is considering the possibility of merging its low-fare service brands called Jet Konnect and JetLite.
On the financial front, the airline has already converted about Rs 2,500 crore of local currency loans to dollar-denominated debt from last October, which would help it save about Rs 175 crore in interest costs in FY12. The airline is also in the process of converting a Rs 500-crore loan into US dollar denominated debt in the current fiscal and plans to repay about Rs 1,500 crore of debt this year. The company also plans to aggressively cut down on costs to improve profit margins.
At present the two leading players keep raising prices as there is almost a monopoly situation in the global distribution system market. So the airline company may explore the possibility of going with new global distribution system players or even adopt Internet-based methods which low-fare carriers have evolved.
| Company Name | CMP |
|---|---|
| Interglobe Aviation | 4134.40 |
| SpiceJet | 55.66 |
| Global Vectra Helico | 217.10 |
| Taneja Aerospace | 402.15 |
| TAAL Enterprises | 2679.40 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
Become a savvy and confident
stock investor.
Don't miss out! First 10 users today get it FREE
Download APP
