UK-based air charter broker company would be providing commercial jet services in India with 20 to 500 seats to move group of any size
New Delhi: Hiring the world's biggest planes like Airbus 380 or Boeing 747 Jumbo will soon become a reality in India, reports PTI.
UK-based air charter broker company Air Partner has joined hands with InterGlobe Established Private Limited (THE ESTD) - a subsidiary of InterGlobe Enterprises - to launch a range of private aviation products from small aircraft to super Jumbos.
Announcing the strategic partnership on Wednesday, Mark Briffa, CEO Air Partner said "THE ESTD is an ideal partner, with strong brand, reliability, knowledge and understanding of India's corporate and luxury travel sector. This partnership gives Air Partner a great platform from which we can launch services and products into a growing and lucrative market".
"We would be providing commercial jet services, which charters airliners with 20 to 500 seats to move group of any size", he said claiming, "the company could even provide the world's biggest aircraft -- Airbus 380 or Boeing 747 Jumbo -- if the customer is ready to pay and the plane is available".
Terming the country's Rs135 million air charter market as 'fragmented' Briffa said, "as the number of players in this sector are numbered. Air Partner is ready to provide its services with highest level of professionalism and to customer's satisfaction".
Headquartered in London, Air Partner is a leading air charter company providing its services to industry, commerce, governments and individuals worldwide. It has 20 offices in 17 countries.
In India, the company would be providing its on-demand charter and unique pre-paid JetCard scheme giving customers a flexible pricing and travel options.
Speaking on the occasion President and CEO of THE ESTD, which offers a portfolio of lifestyle products to high net worths and corporate clients, said "THE ESTD and Air Partner will enable us to meet the demand for the private air charter in the most effective and efficient way, customers will have access to the broadest range of aviation services and operators backed by logistical excellence, value for money and dependability."
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The RBI action led to many depositors withdrawing their funds with about Rs100 crore being withdrawn since the administrator was appointed
Thane: Stepping in to support the CKP Cooperative Bank, Maharashtra Urban Co-op Banks Federation (MUCBF) has appealed to the bank's depositors not to withdraw their deposits, else a moratorium from the Reserve Bank of India (RBI) was imminent, reports PTI.
Addressing the depositors of the troubled bank, Vidyadhar Anaskar, chairman of the Federation said that unlike some other banks, there has been no swindling of funds in this bank and the Reserve Bank recently appointed an administrator for some violation of norms by the previous Board of Directors. However, the RBI action led to many depositors withdrawing their funds with about Rs100 crore being withdrawn since the administrator was appointed.
Anaskar told depositors that the bank's position was sound. However, if the depositors continue to withdraw, the bank may face liquidity crunch and in that case, the RBI could impose moratorium and put a cap on further withdrawals. He also said that the Federation had never taken up the case of any co-op bank against which the RBI had taken action but in case of CKP Bank the issue was different and hence the Federation was supporting it. The bank itself had also come up with an advertisement recently saying that its position was sound and the depositors' money was secured.
The bank had deposits of Rs1,023 crore as of March 2012 and advances of Rs622 crore and net non performing assets of 5.65%.