Trainee Pilot Sohel Ansari of Indira Gandhi Uran Academy Gondia killed in Pachmarhi Crash

A Single Engine Trainer Aircraft Dimond D40 Flown by a Trainee Pilot Sohel Ansari  crashed in the Pachmarhi hills of Madhya Pradesh killing the Pilot Suhel Ansari  on Tuesday.

The plane belonging to Rae Bareli's Indira Gandhi Rashtriya Uran Academy (IGRUA) had taken off from Gondia's Birsi Airport around 12o0 Hrs on Tuesday. After some time, the ATC lost contact with the Aircraft and Sohel Ansari .

The body of the Pilot Sohail Ansari was found on Wednesday near Belakheda in the Pachmarhi hills. It is gathered that the IGRUA conducts some of its training flights from Gondia Airport that houses the Rajiv Gandhi National Flying Institute.

 A 19-year old pilot, who went missing with his aircraft after taking off from Gondia in Maharasthra on December 24, was found dead in a remote forest area in Chhindwara district of Madhya Pradesh, on Wednesday. 

Debris of his D 40 Aircraft was found scattered in Jungles of Sitadongri around 140 Kilometers from Chhindwara district headquarters. 

The  training  Aircraft DS - 40 of  Indira Gandhi Rashtriya Udan Academy (IGRUA) went missing on December 24, near Panchmarhi hill station of Madhya Pradesh. 

The deceased Pilot Sohail Ansari, 19, son of Mr Jahiruddin is Resident of Bijnor, Uttar Pradesh and has relatives in Maharastra, was currently residing at Tadiwala Road in Pune. 

"Solo flying is a mandatory requirement in the course so he was flying solo. A team from DGCA along with our team is going to the spot for inquiry.


Pilot Sohail Ansari, training  Aircraft DS 40,  Indira Gandhi Rashtriya Udan Academy (IGRUA), Gondia

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Kingfisher Airlines lenders stumped as value of pledged properties crashes

Kingfisher Airlines lenders stumped as value of pledged properties crashes

Dr Vijay Mallya|United Spirits|UB Group|State Bank Of India|Shyamal Acharya|real estate|Mangalore Chemicals & Fertilizers|Kingfisher Airlines


Lenders to Kingfisher Airlines

 Lenders to Kingfisher Airlines may end up recovering only a small portion of their loans to the bankrupt airline after discovering that two marquee properties given as collateral are worth less than what was claimed by Kingfisher Airlines.

Lenders, who are in the process of taking over possession of Kingfisher House in Mumbai, have valued the two key immovable securities — the Goa Villa and the Mumbai office — at Rs128 crore. This is considerably less than the Rs200 crore ascribed to the properties by Kingfisher at the time of the loan in 2010 and a fraction of Rs6,000 crore owed by the airline.

London to Delhi, lenders & lessors pile suits against UBGroup's Kingfisher Airlines has accumulated losses of Rs 16,023 cr and its net worth is in the negative


The lenders’ consortium of Kingfisher Airlines, parallely with the latter’s lessors and vendors, are pushing the UB Group to a corner to recover their dues. They have dismissed UB Group chairman Vijay Mallya’s statements on being hopeful of restarting the airline.

The airline’s accumulated losses are Rs 16,023 crore and its net worth is a negative Rs 12,919 crore; it has further posted a net loss of Rs 1,156 crore for the first quarter of 2013-14, on nil revenue. The lenders’ consortium is understood to have recovered close to Rs 1,500 crore of their total dues of Rs 8,000 crore. The lessors are also going all out to recover their share. For instance, one of them has filed a petition in the Delhi high court for execution of an ex-parte decree by a bench in the UK for close to $17 million; it is being contested by the UB Group.

From London to Goa and Delhi, Mumbai and Karnataka, the UB Group is fighting legal battles against the lessors and lenders, hopeful of salvaging some time before the lenders move further aggressively to enforce the corporate and personal guarantees of UB Holdings and Mallya. UB Holdings has initiated a comprehensive review of this exposure, to decide what to do.

It is understood that the lenders are mulling how to tap the corporate guarantees and how they can leverage Mallya's holding in his group’s cash cow, United Breweries. It has a market capitalisation of Rs 20,000 crore and Mallya holds 37.5 per cent in this, of which a little over 27 per cent is pledged.

Senior UB Group officials, however, maintain they will address the issue of Kingfisher squarely and are not in favour of leaving the issue suspended in mid-air. “Based on the detailed evaluation of the current situation, plans formulated and active discussions under way with prospective investors, we are confident of raising adequate finance, obtaining renewal of the (flying) permit, rescheduling debt and receiving continued support from the group,” went a Kingfisher statement.

MALLYA BATTLES MANY A FIRE

* Lenders to KFA are trying to enforce certain corporate guarantees given by UBHL to recover Rs 6,200 crore and have moved the Debt Recovery Tribunal (DRT) for the recovery

* KFA lenders have sent a notice under the SARFAESI Act to seize UBHL’s property in Goa which is leased to United Spirits

* Lenders have sold certain investments belonging to UBHL

* One of the creditors to Kingfisher Airlines (KFA) has filed an execution petition in the Delhi High Court for executing an ex-parte purported foreign decree passed by the Queen’s Bench in the UK, awarding $16.9 million

* UBHL is taking steps to defend the proceedings before DRT, claiming the validity of the corporate guarantee is under dispute

* The Goa Senior Division Court has granted an interim injunction against any coercive action by lenders of KFA. Mallya is also challenging the move

* UBHL has filed a suit in the Bombay High Court, seeking to declare the pledge agreement as void and seeking Rs 3,199 crore damages

* UBHL, to defend itself, has filed petitions in the Karnataka High Court, claiming Rs 1,319 crore as damages against the petitioners

Kingfisher Airlines Staff Grievances Kingfisher Staff Help Line Kingfisher Debtors Help Line kingfisher Landers helpline kingfisher Airlines customer care kingfisher Airlines helpline kingfisher Helpline no kingfisher Airlines customer care
Lenders push UB Group further into a corner over Kingfisher Airlines


The lenders consortium of Kingfisher Airlines and the lessors and vendors to the airline are further pushing UB Group into a corner to recover their dues, dismissing UB Group chairman Vijay Mallya's statements that he is hopeful of re-starting the airline.

Kingfisher Airlines lenders stumped as value of pledged properties crashes

Lenders to Kingfisher Airlines may end up recovering only a small portion of their loans to the bankrupt airline after discovering that two marquee properties given as collateral are worth less than what was claimed by Kingfisher Airlines.
Lender consortium gets Rs 550 crore by selling Kingfisher Airlines' shares

The consortium has taken possession of Kingfisher House, the corporate office of now defunct Kingfisher Airlines which owes about Rs 7,000 crore to the lenders. Last week a possession notice was pasted on gates of Kingfisher House in suburban Andheri.

Kingfisher Airlines invites sharp criticism from auditors over revival plan

Grounded carrier Kingfisher Airlines' decision to consider it a 'going concern' entity, despite having accumulated huge losses and defaulted on loans, has come for a sharp criticism by its own auditors, given a lack of clarity about its revival plans 

Lenders & Lessors pile suits against UB Group Chairman Dr Vijay Mallya and Kingfisher Airlines Ltd

London to Delhi, lenders & lessors pile suits against UBGroup's Kingfisher Airlines has accumulated losses of Rs 16,023 cr and its net worth is in the negative

The lenders’ consortium of Kingfisher Airlines, parallely with the latter’s lessors and vendors, are pushing the UB Group to a corner to recover their dues. They have dismissed UB Group chairman Vijay Mallya’s statements on being hopeful of restarting the airline.

The airline’s accumulated losses are Rs 16,023 crore and its net worth is a negative Rs 12,919 crore; it has further posted a net loss of Rs 1,156 crore for the first quarter of 2013-14, on nil revenue. The lenders’ consortium is understood to have recovered close to Rs 1,500 crore of their total dues of Rs 8,000 crore. The lessors are also going all out to recover their share. For instance, one of them has filed a petition in the Delhi high court for execution of an ex-parte decree by a bench in the UK for close to $17 million; it is being contested by the UB Group.

From London to Goa and Delhi, Mumbai and Karnataka, the UB Group is fighting legal battles against the lessors and lenders, hopeful of salvaging some time before the lenders move further aggressively to enforce the corporate and personal guarantees of UB Holdings and Mallya. UB Holdings has initiated a comprehensive review of this exposure, to decide what to do.

It is understood that the lenders are mulling how to tap the corporate guarantees and how they can leverage Mallya's holding in his group’s cash cow, United Breweries. It has a market capitalisation of Rs 20,000 crore and Mallya holds 37.5 per cent in this, of which a little over 27 per cent is pledged.

Senior UB Group officials, however, maintain they will address the issue of Kingfisher squarely and are not in favour of leaving the issue suspended in mid-air. “Based on the detailed evaluation of the current situation, plans formulated and active discussions under way with prospective investors, we are confident of raising adequate finance, obtaining renewal of the (flying) permit, rescheduling debt and receiving continued support from the group,” went a Kingfisher statement.

MALLYA BATTLES MANY A FIRE

* Lenders to KFA are trying to enforce certain corporate guarantees given by UBHL to recover Rs 6,200 crore and have moved the Debt Recovery Tribunal (DRT) for the recovery

* KFA lenders have sent a notice under the SARFAESI Act to seize UBHL’s property in Goa which is leased to United Spirits

* Lenders have sold certain investments belonging to UBHL

* One of the creditors to Kingfisher Airlines (KFA) has filed an execution petition in the Delhi High Court for executing an ex-parte purported foreign decree passed by the Queen’s Bench in the UK, awarding $16.9 million

* UBHL is taking steps to defend the proceedings before DRT, claiming the validity of the corporate guarantee is under dispute

* The Goa Senior Division Court has granted an interim injunction against any coercive action by lenders of KFA. Mallya is also challenging the move

* UBHL has filed a suit in the Bombay High Court, seeking to declare the pledge agreement as void and seeking Rs 3,199 crore damages

* UBHL, to defend itself, has filed petitions in the Karnataka High Court, claiming Rs 1,319 crore as damages against the petitioners

Kingfisher Airlines Staff Grievances Kingfisher Staff Help Line Kingfisher Debtors Help Line kingfisher Landers helpline kingfisher Airlines customer care kingfisher Airlines helpline kingfisher Helpline no kingfisher Airlines customer care
Lenders push UB Group further into a corner over Kingfisher Airlines


The lenders consortium of Kingfisher Airlines and the lessors and vendors to the airline are further pushing UB Group into a corner to recover their dues, dismissing UB Group chairman Vijay Mallya's statements that he is hopeful of re-starting the airline.

Kingfisher Airlines lenders stumped as value of pledged properties crashes

Lenders to Kingfisher Airlines may end up recovering only a small portion of their loans to the bankrupt airline after discovering that two marquee properties given as collateral are worth less than what was claimed by Kingfisher Airlines.
Lender consortium gets Rs 550 crore by selling Kingfisher Airlines' shares

The consortium has taken possession of Kingfisher House, the corporate office of now defunct Kingfisher Airlines which owes about Rs 7,000 crore to the lenders. Last week a possession notice was pasted on gates of Kingfisher House in suburban Andheri.

Kingfisher Airlines invites sharp criticism from auditors over revival plan

Grounded carrier Kingfisher Airlines' decision to consider it a 'going concern' entity, despite having accumulated huge losses and defaulted on loans, has come for a sharp criticism by its own auditors, given a lack of clarity about its revival plans 

Lenders to Kingfisher Airlines have taken possession of Kingfisher House

Lenders to Kingfisher Airlines have taken possession of Kingfisher House, the airline’s headquarters near Mumbai airport, after the guarantors —
Dr Vijay Mallya and United Breweries (Holdings) Ltd —  failed to pay the dues.

The lenders had issued notice to the guarantors on May 3 to pay the dues of
InRs 6,027 crore.

Acting for the lenders, SBICAP Trustee Company Ltd took control of the
2,401.7-sq-m property on August 10.

A senior public sector executive said the move was part of the recovery process. “The headquarters of the airline is tangible property which, when sold, could get part of our money back,” the executive pointed out.

Early this year, the lenders had sold shares of United Spirits and Mangalore Chemicals & Fertilizers, kept as collateral, to partly recover the dues.

After exhausting all options, the KFA bankers led by State Bank of India in February 2013 finally decided to recall all the loans, amounting to Rs 7,500 crore.



A recall means the borrower has to repay immediately. The recovery process involving steps such as sale of pledged assets and invoking promoter Vijay Mallya’s personal guarantees has been long-drawn.

Most lenders have treated the Kingfisher Airlines account as a non-performing asset from the third quarter of FY12.

The lenders also had to bear the burden of heavy provisioning, making a dent in bottom lines.The debt-laden airline has been grounded since October 2012.

The Karnataka High Court on Monday has cancelled an impleading application filed earlier by a section Kingfisher Airlines employees over salary dues.

The pilots had earlier filed this application and wanted the Karnataka High Court to hear their plea along with a section of creditors to Kingfisher Airlines.

These lenders have been up against Kingfisher Airlines and its holding company - UB Holdings to get back as  much as close to Rs 600 crore through winding up petitions.

The High Court has told the Kingfisher Airlines employees to file a separate application to pursue their cause.

Meanwhile, UB Holdings on Monday submitted Rs 250 crore as security deposit with the Karnataka High Court as per earlier orders in the ongoing case with a section of creditors - most aircraft and engine lessors.


Lenders impound Kingfisher Airlines' Mumbai headquarters


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Banks take over Kingfisher House in Mumbai


Kingfisher House in suburban Mumbai is to be taken over by the lenders of Kingfisher Airlines (KFA) as part of their plan to recover their dues. In April, the Vijay ...


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A consortium of banks, lenders to Kingfisher Airlines Ltd (KFA), on Saturday took possession of Kingfisher House—the erstwhile corporate office of the airline ...


Kingfisher loses prime asset


11: The lenders of Kingfisher Airlines have taken possession of Kingfisher House in suburban Mumbai, stepping up their efforts to recover their dues from the ...





Kingfisher at Rs 3.79 apiece, a dead stock?


Lenders to Kingfisher Airlines on Saturday took possession of Kingfisher House—the erstwhile corporate office of Kingfisher Airlines (KFA) near Mumbai airport's ...


Lenders to auction KFA's Mumbai headquarters


SBICAP Trustee Company Ltd, an arm of the State Bank of India, one of the major lenders to Kingfisher Airlines, which took possession of Kingfisher (KFA) ...
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Lenders take possession of company's Mumbai headquarters


Lenders to Kingfisher Airlines have taken possession of Kingfisher House, the airline's headquarters near Mumbai airport, after the guarantors — chairman Vijay

Airlines talking FDI

The grounded Kingfisher Airlines is no more an attractive investment while IndiGo, the country's most profitable carrier, is an unlikely candidate as 48% in the ...
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Be An Aviator not A Pilot

Fiction » Horror » General
Fiction » Adventure » General

By AeroSoft Corp
Rating: Not yet rated. 
Published: July 24, 2013 
Words: 4,750 (approximate)
Language: English
ISBN: 9781301083244

Short description

As A Fact Out Of Every 1000 Pilots Only 1 Pilot Becomes An Airline Pilot, The Book Is All About Those 999 Pilots Only. 

Extended description

Be an Aviator Not a Pilot 

is a story of Pilots in Aviation who are unable to cope. This is not a book to teach you how to get into an Aviation School or even how to live like a Pilot. In fact, it describes how one can become a Successfull Aviator not just an Airplane Driver [ So called Pilot ] with very small changes in life. Also Why abroad trained Pilots are better Aviator and Why FAA, CASA, CAAP, CAA are better civil Aviation Authority then DGCA.


by
Shekhar Gupta 
Ankisha Awasthi 

Pilot’s Career Guide By Niriha Khajanchi

Nonfiction » Career Guides » Education
Nonfiction » Career Guides » Transportation

By AeroSoft Corp
Rating: Not yet rated. 
Published: July 13, 2013 
Words: 25,040 (approximate)
Language: English
ISBN: 9781301650040

Short description

International Airline Pilot’s Career Guide Learn Step By Step How to Become an International Airlines Pilot By Niriha Khajanchi and Shekhar Gupta 

Extended description

1. Your Aviation Career Starts Here
2. Pilot Training
3. Flight Ratings – SPL, PPL, CPL, ATPL
4. Pilot and Personal Computer
5. Medical Requirements for Pilots

https://www.smashwords.com/books/view/336260