T3 was big news with Jet Awys alone managing 11,90,000 passengers in June. T3 alone adds 34 million at Delhi Airport and Jet airways will be a big beneficiary. Jet has been delivering significant double digit cost savings in any quarter it can breathe and with a 17% margin leads a troubled sunrise sector to 'greener pastures' Recently, RBI has issued a diktat asking banks to erestructure loans for airlines..Jet alone holds only 25% of the industry debt burden of $15bn, and on a $1 billion M Cap, needs to show it can keep the growth mode without loss of high quality reliable service which is its forte.
Look out for great results again. $250m in land is also a great investment as leasing costs for its own offices are significant for the carrier. It has recently partnered with the specialists for the 300,000 sft opportunity which may also provide income support during lean periods along with its investments in aircraft maintenance.
Posted via email from The investment blog on Post
India
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