Create stable, long-term investment portfolio with strong, consistent stocks.
Start Research-backed Investing ...Now.
Worth Seeing!
Top Stocks to Buy: Get 13 Picks That We Think Will Soar
Claim Your Stock Picks
Claim Your Stock Picks
Low-cost air carrier SpiceJet plans to open two hubs, one each in the southern and western parts of the country as part of the second phase of expansion of its regional operations through Bombardier aircraft. The company will have only one base for the first five airplanes but two more bases, which would be only in a metro city, will be added for 10 more. One of the bases could be Chennai and the other would be in Gujarat. In a later period, the company may also look at adding one more base in the northern part of the country.
The airline has announced to start regional operations with the 70-seater Bombardier Q400s from next month. The first base of the regional operations is in Hyderabad and will connect Aurangabad, Bhopal, Indore, Mangalore, Rajahmundry, Tirupati and Vijayawada. It has ordered 30 planes with Bombardier — 15 fixed and 15 on options. SpiceJet is to get the first plane next week and 15 planes before July next year. These planes could be utilised for up to 11.5 hours a day and would constitute around 40 per cent of the total operations at a later stage. The biggest benefit of these smaller planes is that jet fuel for them comes at only four per cent tax and the airline does not have to pay landing and parking charges to the airport. This venture will start paying from the second year of operations.
Private equity firm TPG Capital, which made a ten-fold profit from investment in Continental Airlines in the US, is negotiating to buy a minority stake in SpiceJet which plans to expand under new owner Kalanithi Maran. SpiceJet, owned by the promoter of south India's biggest media company Sun TV, has been working on raising $270 million to fund purchase of aircraft that will help it gain market share in feeding the fast growing smaller cities. Though private equity companies are averse to investing in aviation companies in India, TPG might buck that trend as it has a track record of investing and turning around airline companies. Though, there is no certainty that the negotiations will result in a transaction.crackcrack
| Company Name | CMP |
|---|---|
| Interglobe Aviation | 3617.80 |
| SpiceJet | 63.75 |
| Global Vectra Helico | 183.60 |
| Jet Airways (I) | 48.80 |
| Taneja Aerospace | 401.00 |
| 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.
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
Download APP
