On Apr 26, the Federation of Indian Airlines (FIA), comprising Air India, IndiGo and SpiceJet, wrote to the government warning of severe financial stress driven by rising fuel costs and prolonged flight routes amid tensions in the Middle East. It sought a return to COVID-19 era cost caps on aviation turbine fuel (ATF) and a reduction or deferment in taxes....
Why are Indian airlines sounding an SOS when carriers across the world are dealing with the same war, the same fuel shock and the same uncertain skies? CNA
The aviation industry in India is close to being a monopoly in practice, and also Indian travellers' choice. Why should a near monopoly be losing big money? And another big halo that no one is talking about, superb Indian management talents! How can all the Indian talents be running down Indian airlines but Singapore with no talent Singaporeans is running SIA and making good money? And somehow, Singapore is craving to hire more Indian talents to help run Singapore and maybe help run SIA soon?
The grass is greener over the fence, especially in India in the minds of no talent Singaporeans. And there is this hope that by bringing in more Indian talents, Singapore will be saved from being run down and becoming third world. This is the current conventional wisdom in Singapore. Singapore needs to be flooded with Indian talents to survive.
But India has no fear about its airlines or banks losing money. They might as well scream louder that they are making even bigger loses and hope for some silly suckers to come and rescue them. The biggest irony, or joke, the Indians have been bragging about how well the Indian CEOs are running American and western corporations but Indian companies in India are being run down by Indian talents. Does this ring a bell that something is not right? It seems that Indian talents are good at taking over already well run and managed foreign corporations and keep it running with the success momentum and good foundation. But they cannot run Indian companies that are already badly run, and with bad foundations and management practices in place.
With Indian companies in India failing, some jokers may think it is a good opportunity to grab these failing Indian companies, throw in good money to bad money, and hoping to turn them around. The obvious danger is that the dark pit is bottomless and for no talent Singaporeans. They cannot see the danger and think they can be better than the Indian talents to run Indian companies and nurture them to profitability. Good luck to bad rubbish. Let's see who are the silly buggers that are going to use OPM to dump into failing Indian companies...good deals. golden opportunities, once in a life time chance to invest in India and to make a fortune of rupees.
No talent Singapore still recruiting Indian talents to run Singapore and companies? Good time to snatch the Indian airline management team to replace no talent Singaporean team in SIA.
What do you think?
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