The regulator has started what is called a requirement review of Paramount, said a DGCA official who didn’t want to be named. “There is a requirement deficiency for a national airline status. We have asked them to explain it in a couple of days,” the official said.
Rules mandate that a national license holder have a fleet of at least five aircraft. Three of the airline’s fleet of five Embraers have been pulled from service over payment disputes with GE Commercial Aviation Services Llc and one because of engineering issues. Paramount also has a payment dispute with ECC Leasing Co. Ltd from which it had taken two planes on lease.
A single aircraft makes travel difficult for passengers, said another DGCA official who too did not want to be named. Airlines typically keep one aircraft as a backup in case of an emergency or engineering-related issues.
“Either they have to do bring the (new) aircraft or close the shop. The requirement is very clear,” this official said.
A Paramount spokesman declined to comment on the matter.
The airline will have to lease new aircraft as it is yet to firm up a memorandum (MoU) of understanding to buy 10 A321 passenger jets from Airbus SAS at the Paris Airshow in June 2009. Airbus executive vice-president of sales and marketing Kiran Rao told Mint last month at the Hyderabad Airshow that the MoU is yet to be converted into an order.
In the past, the Wadia-group owned low-cost airline GoAir was granted an exception by the civil aviation ministry and allowed to continue operations despite falling short of the minimum requirement of five aircraft. The airline now has an eight-aircraft fleet.
Thursday, April 08, 2010
Tuesday, April 06, 2010
‘Sinking’ building being demolished in Coimbatore
The ‘sinking’ under construction building in the city, is being demolished by the Slum Clearance Board, the Board sources said.
The building, housing 48 flats, in Ammankulam, started sinking and slanted more than 10 degrees from Friday last, causing panic in the area. The flats were meant to be distributed among those, who were evacuated from slums which situated on the banks of various water bodies.
Considering the security, the board started demolishing the building, being constructed under Jawaharlal Nehru National Urban Renewal Mission, on Tuesday.
The cost of the building was around Rs.2.49 crore, the sources said.
Meanwhile, an expert team started digging the earth to find the condition of the soil and also reason for sinking, they said.
Works of other buildings under the same scheme, having nearly 900 houses, in the area, have been stopped for security reason and would resume only after the soil test report, they said.
The building, housing 48 flats, in Ammankulam, started sinking and slanted more than 10 degrees from Friday last, causing panic in the area. The flats were meant to be distributed among those, who were evacuated from slums which situated on the banks of various water bodies.
Considering the security, the board started demolishing the building, being constructed under Jawaharlal Nehru National Urban Renewal Mission, on Tuesday.
The cost of the building was around Rs.2.49 crore, the sources said.
Meanwhile, an expert team started digging the earth to find the condition of the soil and also reason for sinking, they said.
Works of other buildings under the same scheme, having nearly 900 houses, in the area, have been stopped for security reason and would resume only after the soil test report, they said.
Coimbatore needs to improve it's IT eco system
Coimbatore, which is yet to see the anticipated growth in the Information Technology sector, needs a host of initiatives to improve the IT eco system here.
The city currently has just a handful of large-scale IT players. Though the existing companies are expanding rapidly, as they grow they face problems related to catering, transport, entertainment, etc. And, new companies that want to start operations in Coimbatore are seeking better facilities.
Software companies focus on their core business and hence outsource most of their other needs. The options in the areas of associated and house keeping services, which include laundry, transport and providing business lunch, are limited here. For the middle-level managers in IT companies, mobility is important. Hence, they need more schools with CBSE syllabus for their children, says the former chairman of the Coimbatore chapter of Confederation of Indian Industry K. Thangaraj. The IT infrastructure here is improving. But, the growth of many of these services depends on demand. The service provider looks for a critical mass to launch or scale up and the critical mass is expected to come with the Tidel Park, adds Mr. Thangaraj.
KG Information System's Vice-President for Corporate Relations Jayamurali Balagurusamy says the Government should improve the basic infrastructure related to power, water and public transport. Some of the services are expensive compared to those in Chennai and Bangalore.
Soft skills of students should be developed at schools itself to increase their employability. “It is the responsibility of all stakeholders to give the best to the city,” Mr. Balagurusamy says.
“When an IT or IT Enabled Services company looks at tier-two cities, Coimbatore is thought of. The city has visibility. What turns down people here is mainly the cost,” according to the chairman of the Rathinam Group Madan A. Sendhil.
Coimbatore should start attracting the next level of IT and ITES companies. It should also develop local leaders in the sector as on the manufacturing front. The city should start focusing on the peripheral areas. The cost has to come down, Mr. Sendhil says. It is also important to brand Coimbatore as an IT destination, he adds.
The city currently has just a handful of large-scale IT players. Though the existing companies are expanding rapidly, as they grow they face problems related to catering, transport, entertainment, etc. And, new companies that want to start operations in Coimbatore are seeking better facilities.
Software companies focus on their core business and hence outsource most of their other needs. The options in the areas of associated and house keeping services, which include laundry, transport and providing business lunch, are limited here. For the middle-level managers in IT companies, mobility is important. Hence, they need more schools with CBSE syllabus for their children, says the former chairman of the Coimbatore chapter of Confederation of Indian Industry K. Thangaraj. The IT infrastructure here is improving. But, the growth of many of these services depends on demand. The service provider looks for a critical mass to launch or scale up and the critical mass is expected to come with the Tidel Park, adds Mr. Thangaraj.
KG Information System's Vice-President for Corporate Relations Jayamurali Balagurusamy says the Government should improve the basic infrastructure related to power, water and public transport. Some of the services are expensive compared to those in Chennai and Bangalore.
Soft skills of students should be developed at schools itself to increase their employability. “It is the responsibility of all stakeholders to give the best to the city,” Mr. Balagurusamy says.
“When an IT or IT Enabled Services company looks at tier-two cities, Coimbatore is thought of. The city has visibility. What turns down people here is mainly the cost,” according to the chairman of the Rathinam Group Madan A. Sendhil.
Coimbatore should start attracting the next level of IT and ITES companies. It should also develop local leaders in the sector as on the manufacturing front. The city should start focusing on the peripheral areas. The cost has to come down, Mr. Sendhil says. It is also important to brand Coimbatore as an IT destination, he adds.
Sunday, April 04, 2010
New B-School at Pollachi, Coimbatore
Pollachi-based N G M College Kalvi Kazhagam will soon open a new Technical Institution from the 2010-2011 academic year.
Promoted by industrialist cum philanthropist Mr N Mahalingam, and backed by Sakthi Group of companies, the Sakthi Institute of Information and Management Studies, would be a standalone B-School affiliated to Anna University, Coimbatore, institute sources said.
With AICTE approval, the institute would offer MBA, with specialisations in Human Resources, Marketing, Finance, Operations and Systems, they said.
The eco-friendly campus, on 30,000 sq.ft, has audio-visual classrooms with high tech teaching aids, an air-conditioned conference hall with video conferencing facilities, modern labs with High Speed Internet connectivity and modern digital library with t he latest collection of books and journals (including e-journals), they said.
The institute would enter into an MoU with leading Industries and multinationals for institute-industry interaction. Corporate training, industrial seminars and live projects are other features of the institute.
An exclusive HRD and placement cell was also being constituted to impart soft skill training and arranging campus interviews, they said.
Promoted by industrialist cum philanthropist Mr N Mahalingam, and backed by Sakthi Group of companies, the Sakthi Institute of Information and Management Studies, would be a standalone B-School affiliated to Anna University, Coimbatore, institute sources said.
With AICTE approval, the institute would offer MBA, with specialisations in Human Resources, Marketing, Finance, Operations and Systems, they said.
The eco-friendly campus, on 30,000 sq.ft, has audio-visual classrooms with high tech teaching aids, an air-conditioned conference hall with video conferencing facilities, modern labs with High Speed Internet connectivity and modern digital library with t he latest collection of books and journals (including e-journals), they said.
The institute would enter into an MoU with leading Industries and multinationals for institute-industry interaction. Corporate training, industrial seminars and live projects are other features of the institute.
An exclusive HRD and placement cell was also being constituted to impart soft skill training and arranging campus interviews, they said.
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