Interglobe Aviation Ltd, which runs India’s largest airline IndiGo, is reportedly looking to raise Rs.1,272.20 Crore through its initial public offering. The company has fixed the price band for its initial share sale at Rs 700-765 and it will run on October 27-29.
A glimpse of IndiGo:
InterGlobe Aviation is the holding company of IndiGo airlines. IndiGo is largest passenger airline of India. The Gurgaon-based entity is also the largest domestic carrier by market share, they handles 33.8% of the total domestic passenger volume in India. Their strategy is keeps profit margins small and making fares cheap for the passengers. This model is called as LCC (Low Cost Carrier) model. IndiGo started with only one airplane and now they have 97 planes
In this cash flow we can see that the amount of cash earnings from operating activities is higher in 2012 than in 2011. WestJet had more sales and more net income in 2012 compared to 2011. Overall in flow of cash is also higher which a positive sign is for any company. That mean the company’s operating income is higher than the sales.
Air Canada was founded in 1937, it was privatized in 1989. After facing net losses from 1990-1993, entered into profits in 1994. It was a founding member of star alliance in 1997, which has 27 partners headquartered in Montreal.
: On average, over 8 million people fly around the world daily and over 2 billion fly in the United States daily. Everyone wants non expensive flights, comfortable seating, and on-time flights. Spirit Airlines is an airline that prides themselves on provided very low costs to customers and they strive to be the most cost efficient airline in regards to their competitors. “Spirit Airlines was founded in 1964 as a Clippert Trucking Company” (https://www.spirit.com/history.aspx) and has grown to servicing beyond coast –to- coast and has transitioned to low-cost carrier and ultra-low cost carrier. Spirit Airlines transitioned to Airbus fleet and consists of A319s, A320s, and A321. The A319s has seats 145 customers, the A320 seats 174 customers,
Air Canada has been in the business of air transport for an extended period of time. Due to the experience and the exposure of the carrier in the field, it has made a commendable progress through many strategies as well as customer proximity. One of the approaches taken by the airline involves the identification as well as an implementation of cost reduction initiatives in a bid to increase revenue from its operations (Air Canada, 2016). It is also attempting to connect with the existing carriers across the world to connect the current customers to the international world. This approach has been adopted to increase its competitive advantage over other existing airlines.
On February 29, 1996, WestJet Airlines came to life. They became the face of low-cost, short-haul, point-to-point airline for Western Canada. The organization began when entrepreneur Clive Beddoe, president of Hanover Group of Companies purchased an aircraft for personal use. Beddoe later made his aircraft available to other business people through Morgan Air, owned and operated by Tim Morgan. Tim Morgan, along with Calgary businessmen Don Bell and Mark Hill found an opportunity to start an airline. They all reached out to David Neelman, who was president of Morris Air and asked for assistance on writing the business plan for WestJet. They joined forces and WestJet Airlines came to life. They all held a different position and Beddoe was the president, chief executive officer, and chairman of the board of directors. Bell and Morgan were senior vice-presidents and Hill was the vice president. When WestJet first began, they only flew to Vancouver, Kelowna, Calgary, Edmonton, and Winnipeg. They now fly to 102 destinations in 19 different countries. In addition, they also increased the amount of aircraft they own. WestJet began in 1996 with just two aircraft and by August of 2000, they increased to 94 aircraft. Not only did they increase aircraft, but employees too. Their workforce expanded to 30,000 employees. On July 1999, WestJet hit a huge milestone when it completed its initial public offering of 2.5 million common shares. Clive Beddoe
The WestJet case tells us about WestJet Airline, a start-up in 1996 serving five western Canadian cities and their services extended to more than 85 destinations in 18 countries by 2011. The CEO and executive team together contracted an accomplished and exceedingly effective CIO to execute a key move of code sharing and, numerous other strategic IT projects to enhance the competitiveness of WestJet. The new CIO was asked to evaluate the IT skills as a component of a corporate drive to get the upper hand by conveying advanced guest service. The CIO was of the view that IT was the key factor for the growth of WestJet and so formulated a governance model comprising of the restructuring of IT. However, it has been a difficult job for the
WestJet airlines was founded in 1996 by Clive Beddoe, a successful Albertan entrepreneur who was desperate to find a solution to the rising costs of business travel expenses (WestJet, n.d.a). Beddoe combined a small group of Canadian business savvy investors with a regional airline President and together they sought the experience of successful industry leader David Neeleman, founder of Morris Air and developer of the One Skies passenger reservation system (Pederson, 2001). Often referred to as the Southwest Plan, WestJet’s original business model was simple; offer passengers a superior experience at a price that was comparable to driving or taking the bus. This was easily accomplished by operating one type of aircraft, removing excess frills, hiring employees whose personality fit a specific type, and by developing a company culture that focused on safety and taking care of the guests (WestJet, n.d.a.).
The most influential stakeholder is the IT staff (employees) in regardless to their resistance in the beginning of change but this due to human nature for resist the change either is positive or negative, also if these employees get redundant this will have a negative effect on the rest of the employees, they might be thinking of the same that they can become redundant anytime and will not work efficiently. For that WestJet applied a comprehensive solution to motivate their employees such as job challenging, Facilitation and support, regularly update knowledge and effective interpersonal work relationship. Moreover, this group of stakeholder have the most important role in IT transformational plan in Westjet because they already working in
WestJet is planning to make an entry in Europe as a first experiment. Experts say, if the Canadian carrier continues to open up new routes that challenge air Canada’s slice of the international market, not only from Air Canada when they enter in to long routes they have to face new more competitors like Air Transat .
In order to incorporate transformational changes, the aspect of core competency must be kept in mind. WestJet’s core values are that it is a cost-effective airline and aims at providing excellent guest service. The airline has faced many problems related to business-IT alignment and its governance structure in spite having a bunch of exceptionally talented and technically sound employees. There are managerial issues in the organization which has led to slow growth of the organization. Recommendations and suggestions on what could be done to counteract the identified issues and how to gloss the change management process to the employees is also showcased in the report. Benefits can be derived if the recommendations offered as a part of this
HK Express Airways is an airline under HNA group, which operates as a Low-Cost Carriage (LCC) since October 2013. It now has a larger impact on travel and market situation. It competes to Cathay Pacific and its subsidiary and other airlines to attract both domestic and regional passengers.
Air India began its services in 1932 and has been operating in India for the last 78 years. It is the oldest passenger flight of India. The government of India holds 49% of Air India’s share with an option to acquire 2% more since 1946. This made Air India a public sector thus enabled it to operate flights internationally. In spite of being a public sector company Air India has been running in loss for the past 10 years.
Air India Limited (Hindi: एअर इंडिया) is the national flag carrier airline of India, flying a worldwide network of passenger and cargo services. Air India is state-owned, and administered as part of the National Aviation Company of India Limited - which was created in 2007 to facilitate Air India's merger with
One of the world’s top best airlines, Emirates is the largest as it is in middle
India is a country with tropical climate which make it very pleasant for travelling making it comfortable for travellers