Order Plan Athrill Airlines

Order Plan
Athrill Airlines Inc 
1800 Airport Drive San
Marcos TX 78666 USA

21ST MAY 2020

Mr Mike Trump
Churchill Aviation Inc
Sky Bridge house,
Dublin airport

Dear Mike,
We would like to purchase 17 aircrafts on lease for 4 years and if required we can extend the period of lease according to the profitability and success of our business. we hope to receive this order by next Friday i.e. 29th MAY 2020. You have to ship the following aircraft on the address mentioned above with your employee to make our pilot understand about the functions of the same. Please send the confirmation mail on receiving the order. 

You can find the list of the aircrafts below.

List of Aircraft
ATR 42-600
ERJ145 Specifications
Dornier DO-328
Fokker 50
Dornier 328 Executive
Saab 2000
Jetstream 41
Embraer ERJ 135
Dehavilland Dash 7
DE Havilland Canada Dash 8
Let L 410 – Turbolet
Viking DHC-6-400 (954)
Sikorsky S-92 in Norway
Gulfstream GII/SP in Arizona
D assault 900B Falcon   UK

Looking forward to your positive response.
Athrill Airlines Inc. 

Roshni Sachdev 
Director Fintech
Athrill Airlines Inc. USA

Disclaimer  :
Note : This is just an Aviation  Fictional Corporate Game not a Real One . As an MBA students Interns are playing different Roles Play. 

FinTech Interns Information

Karuna Nayak (MBA FA)        

Manager Fintech ( Internship Incharge)  
Aircrews Aviation Pvt Ltd 
social media links:

FinTech Internship Incharge 

Roshni Sachdev [MBA FA]
Director Fintech
Athrill Airlines Inc. USA

Important Questions on Corona

"कोरोना पर कुछ खास प्रश्न" 😗
"Some Important  Questions on Corona" 😗

1. Where was Corona born?
Answer: In China…

2. How did Corona spread around the world?
Answer: Traveling between countries ...

3. How does the journey between countries?
Answer: By Airplane ...

4. Where do  Airplane Lands ?
Answer: At the International Airport ...

5. Where does Corona enter the country?
Answer: From the International Airports ...

6. How many International Airports are there in the country?
Answer:  Aprox 20 ...

7. Under whose supervision are these Airports?
Answer: AAI of Central Government…

Now there are two Big Questions.

1. Was it easy to lock down Only 20 Airports or the whole country?
Answer: Airport ...

2. When did the news of Corona's havoc spread in China for the first time worldwide?
Answer: In January 2020...

Now just think, if only our country had become Alert on Time, then today 130 crore people would not have come to Lock down.

From February 2020 itself, if Our  Prime Minister kept every Indian coming from abroad in Strict Lock down, and immediately banned the Arrival of  All Foreign people, Including Mr Donald Trump 

Today the whole country would have Breathes Peace in the Open…

#As unemployment Increased,
#Business Stopped,
#Trouble and distress came upon the workers and the poor, 
#And the country suffered economic losses,

All this would not happend ...  If 

Taiwan did the same.
Without locking the Country Down.

This is a harsh truth, which is also keen on the Government and opening the eyes of  Blind PM Devotees.

"कोरोना पर कुछ खास प्रश्न" 😗
1. कोरोना कहाँ पैदा हुआ?
जवाब: चीन में...
2. कोरोना दुनिया भर में कैसे फैल गया?
जवाब: मुल्कों के बीच सफर करने से...
3. मुल्कों के बीच सफर कैसे होता है?
जवाब: हवाई जहाज़ से...
4. जहाज़ कहाँ उतारते है?
जवाब: एअरपोर्ट पर...
5. मतलब कोरोना देश में कहाँ से घुसा?
जवाब: एयरपोर्ट से...
6. देश में कितने इंटरनेशनल एयरपोर्ट है?
जवाब: 20 से ज़्यादा...
7. ये एयरपोर्ट्स किसकी निगरानी में है?
जवाब: केंद्र सरकार के...
अब हैं दो बड़े सवाल 😗
1. 20 एयरपोर्ट लॉक डाउन करना आसान था या सारा देश?
जवाब: एयरपोर्ट...
2. चीन में कोरोना के कहर की खबर दुनियाभर में पहली बार कब फैली?
जवाब: जनवरी में...

अब सोचिए, तब ही अगर हमारा देश सचेत हो जाता, तो आज 130 करोड़ लोगो को लॉक डाउन करने की नौबत ही ना आती l
फरवरी से ही अगर प्रधानमंत्री जी विदेशो से आने वाले हर भारतीय को लॉक डाउन में रखते, और विदेशी लोगो के आने पर तुरंत बैन लगा देते तो,
आज सारा देश खुले में चैन की सांस लेता...
जितनी बेरोज़गारी बढ़ी,
काम धंधे बंद हुए,
मजदूर और गरीबों पर आफत और संकट आया,
और देश का आर्थिक नुकसान हुआ,
ये सब ना होता... L
ताइवान ने ऐसा ही किया l
देश को बिना लॉक डाउन किये।

यह हे एक कटु सत्य जोकि सरकार पर तंज भी हे और अंध भक्तों की आँखें खोलना भी।

Life is not Lockdown

Life is Not Lockdown 

@Harshada Shinde  MBA FA
@Karuna Nayak
@Pooja Parab

The Airline Industry is on Life Support Now

The Air Transport Industry is on Life Support !

This will have a major impact on our lifestyle ...

Indian Aviation is on Pink Slip
No one can Save Indian Aviation, not even the Government. Any amount by the Government or investors or in bank loans will be insufficient for these companies to survive. It can be just Air India. Unfortunately, We have such a Worst Govt ever without any vision for the Aviation Industry.  Promoters of Go Air India Ltd wrote a letter to their employees and said that they are waiting to hear from the Government on bailout Packages. They can wait, they will not hear anything.
Even though oil is available cheaper, the large value center of employee remuneration remains high and has low demand.
Indians look at the landscape in Aviation. Air India, being a Government is paid to them even if it is late. Vistara cut salary, but it was considered reasonable. The employees have a certain level of trust with the Indian promoters, the Indian Tata group. Go Air's condition is quite poor and Spice Jet is also not far behind.
Everyday religiously tweets and tons of freight are being Tweeted by the Civil Aviation Minister and the cargo is not out of the transport, even if it is a trick. SpiceJet is getting a lion's share in it and its proximity to electricity is no secret. But here is a situation where one cannot save anyone.
SpiceJet is not paying its Pilots, yet it threatens its Pilots and has disbanded some SJ Pilo WhatsApp groups made by Pilots. Pilots, Cabin Crews, AMEs all know what the situation is there. They know that if they lose jobs they are not going to get any.
So the human mind is conditioned in such a way that they like  to hold on to what they have. So a person who was taking 100  rupees for a job, he is suddenly being paid 50 rupees and still She / He will work, because he knows that he does not have 50 rupees. Other options available. In this environment, these companies know this clearly and will make the most possible use of it.
But the fact is, in this market, it is not going to survive you, it just delays your death.
Jet Airways is the biggest example of this type of human behavior that allows a company to live its life for six months. The Pilot and AME never laid their feet for 'fear', Jet extended his life by 6 months but eventually died. The loss was only to the Pilot and AME. Jet's case was not of CoVid19, it was a case of mismanagement.  Jet Airways I Ltd could have been saved, all Pilots and AME put their foot down and Goyal understood the changed scenario. The jet collapsed, but after extending its death from 6 to 8 months.
This fear will outweigh the time of the jet, as everyone in Aviation knows not only the blood-red but also the general economy. Most of these employees will have to invest some part of their savings in securities, mutual funds, apartments. There is no way that they will see the money coming from any of their investments and they will still have their EMI.
This human behavior will allow some Airlines to advance their lives for some time, but they will perish in market forces and the prime candidates for this to happen are GoAir and SpiceJet.
Air Asia India will probably have some cooperation with Vistara  otherwise their existence will also become doubtful as the Malaysian Government itself is thinking of merging AirAsia Airlines with the Malaysian Airlines.
Pay cuts in Indigo, it is not a change or a heart, it is a  change in business strategy IndiGo first said that it would cut the salary and later they reversed the decision and paid their employees. The lower the competition, the stronger the chances of survival.  
There were rumors that IndiGo is going to give bonuses to Pilots from other Airlines to join them as they need Pilots due to the pending delivery.
No saint management will ever employ anyone. Is this a strategy to take out key employees who are required to hold permits to Air Operators? No Airline can operate without a sufficient number of Test Pilots / DE / TRI etc. 
Indigo would be foolish to do so openly that it would turn hostility into enmity.
Indigo had a change of heart as it is the employees who will decide its future.
Now with this one step, IndiGo is positioning itself as the best employee in the Airline business. 
Today the size of IndiGo is its own Enemy
Now that the employees have been paid, they will stake their lives to survive them, but for Indigo, suddenly their size is their enemy. With 250 Aircraft, it is very heavy. Any Airline
should risk working with more than 50 Aircraft, but IndiGo is  going to start with 65, but it still means that more than 100
Aircraft are grounded and at least per Aircraft crew. 2 sets are going to be a cost center. 2 sets of crew and if you have support staff, it means taking out at least 5000 pink slips  (Pilots, AME, Cabin Crew, Engineers) of 'required staff' only for its 'survival' Will happen. The number of deductions will  be more than 5000.
IndiGo has only 400 Aircraft from Airbus. Indigo hopes that it will survive the virus and rule the Indian skies almost like a monopoly. But overall the economy is so badly hurt that people now have money left and not to spend. Nobody is in any hurry to fly fast. With a vaccine or a drug to treat, the economy will  take at least 5 years and is a very long time. What do you do on order to 400 Aircraft. Litigation, claims and indemnities  themselves can pull it down badly, even if it survives the virus. From this point of view, SpiceJet is better. Their pending orders of about 100 Airplanes are Boeing 737 Max which is unlikely to get FAA certification. So at least SpiceJet does not have to worry about a lawsuit taking money out of their pocket, they only have to worry about withdrawing money from Boeing !!!

Pink slips are the biggest risk potential claims and IndiGo Pink Slip is a certainty, most of those people are unlikely to  get a second job and this poses a 'potential risk' to the Survival of these companies as every terminated employee has a  potential 'claim'. If these people get together, then these  claims together can suffice and if these people fight it  strategically, it could land a company under bankruptcy.

SpiceJet and GoAir will also serve several tons pink slip. But  now there is a problem for Indigo. No employee will be able to personally fight for these potential claims. But this time, it  is a little different, people have nothing to lose and if there is even a slight chance of getting some money, they can come together and fight and there is no dearth of lawyers willing to  take small fees. Manage litigation. It is here that Indigo is at greater risk than any other. Even when lawyers take up these  cases, they do so with the hope of seeing the money in some  time, but with Go Air and SpiceJet on the verge of bankruptcy,  the lawyers may be behind them. Don't be anxious to leave  because they will land in the bankruptcy court and stay there for years. But, for Indigo, it is sitting on a mountain of cash  and is attractive to an advocate for it. If he gets an order  from the court, then payment is certain.

If 5,000 people and even if 1000 come together in the fire of Indigo, Indigo will pay heavily because every profit made by
this group will also encourage 4000 potential claims and everyone will go after this company. It is here that Indigo decides to show his big heart so that when he fires his employees, they will say "this is a difficult time, but as the environment improves, we will hire you". It is the art of asking for 'time'. It is not the heart, it is a strategy.

Companies bet on weak judicial system Airline companies bank on the fact that employees will not take  them to court, because personally none of them can fight their  battles. 

The best available strategy for Airline companies Trying to keep Pilots 'on' will top that list. One fifth of the Pilot salary will also be ready to take home  and are still employed compared to sitting at home with   the  possibility of any other employment. In this market, each company can easily maintain 5 Pilots for the cost of one and it would be much more feasible to avoid the risk of potential
group claims.  It's not just the Covid19, it's the  AviaEconomy  On the pulse of society are the hands of doctors on the pulse of the patient, such as are in our hands. Indian Aviation was looking at a possible consolidation anyway, but the virus now  looks powerful enough to be completely wiped out. Right now the problem is not the  CovidVirus, it is the economy. The economy in general, is so badly affected that people have no money to spend, they only have money to survive. Mutual funds and equities are good as paper, and it is the owners of these papers who constitute the bulk of the customers.
Irresponsible behavior should pay its costs We have received a lot of e-mails from the Pilots and we have refused any free service. We still know how many Pilots jumped  the notice period The most pressing question was whether the law without leave  (LWP) was legal or the pay cut was legal.  Both answer that it is absolutely illegal.

The company may have the right to terminate but has no authority to reduce Salaries or impose LWP. 

A very SAD Era of 100 years old AVIATION  Industry 

Virgin fires more than 3,000 people including 600 Pilots.
- Virgin Australia files for Bankruptcy.
- Air Mauritius goes into Administration.
- South African Airways Bankrupt.
- Finnair returns 12 planes and lays off 2,400 people.
- YOU grounds 22 planes and fires 4,100 people.
- Ryanair grounds 113 planes and gets rid of 900 pilots for the moment, 450 more in the coming months.
- Norwegian completely stops its long-haul activity!!!  The 787s are returned to the lessors.
- SAS returns 14 planes and fires 520 pilots... The Scandinavian states are studying a plan to liquidate Norwegian and SAS to rebuild a new company from their ashes.
- Ethiad cancels 18 orders for A350, grounds 10 A380 and 10 Boeing 787. Lays off 720 staff.
- Emirates grounds 38 A380s and cancels all orders for the Boeing 777x (150 aircraft, the largest order for this type). They "invite" all employees over 56 to retire 
- Wizzair returns 32 A320s and lays off 1,200 people, including 200 pilots, another wave of 430 layoffs planned in the coming months.  Remaining employees will see their wages reduced by 30%.
- IAG (British Airways’ parent company) abandons the takeover of Air Europa (and will pay €40 million compensation for that).
- IAG (Iberia) grounds 56 planes.
- IAG (British Airways) grounds 34 planes.  Everyone over 58 to retire.
- Luxair reduces its fleet by 50% (and associated redundancies)
- CSA abolishes its long-haul sector and keeps only 5 medium-haul aircraft.
- Eurowings goes into Bankruptcy
- Brussels Airline reduces its fleet by 50% (and associated redundancies).
- Lufthansa plans to ground 72 aircraft (in 2 instalments).
- Hop is studying the possibility of reducing fleet and staff by 50%.
Additional info:
Currently, 60 new aircraft stored at Airbus with no buyers in sight (order cancellations) including 18 A350s.
They forecast a minimum of 8,000 grounded planes by September.  With an average of 5.8 crews per plane (medium and long haul combined), that would make more than 90,000 unemployed pilots worldwide.

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Fintech companies are those who use specialized software, algorithms to help businesses and consumer manage their financial operations and investments more efficiently. the fintech industry has exploded in the last couple of decades. As the tech savvy millennial generation aged, banking and financial options evolved, too, and once rare perks like mobile banking became standard. But banks aren't the only financial institutions that have made tech-driven changes. Entire markets — from digital loans and mobile stock services to e-commerce payment platforms and digital currency exchanges — are rooted in digital financial access.

 Fintech sector in India has seen a rapid growth of fintech companies over the past 5 years with its market size projected to grow to 2.4 billion dollars in 2020 from 1.2 billion dollars in 2014. Now look at top companies:    

PAYTM: Paytm is the leading digital wallet company in India with its headquarters in Noida, Uttar Pradesh.
Paytm mobile wallet is their flagship product which is used by millions of Indian consumers. Paytm has 9000+ employees and has a revenue of $118 Mn (2017-18). It was founded in the year 2010. Paytm also specializes in online shopping. Paytm is a private company. Vijay Shekhar Sharma is the Founder and CEO of Paytm. After launching in the year 2010, Paytm raised a total of 2.2 billion USD in 4 funding rounds and Paytm has acquired a total of 11 companies including Nearby, Insider.in, Edukart.


·       Bill Desk: Bill Desk is an online payment services company with its headquarters in Mumbai, Maharashtra, India. India Ideas is the parent company of Bill Desk. Bill Desk has 400+ employees and revenue of $132 Mn (2017-18). It was founded in the year 2000. Bill Desk is a private company. Karthik Ganapathy, Ajay Murthy, and M.N Srinivasu are Co-founders of Bill Desk. After launching in the year 2000, Bill desk has raised a total of 241 million USD over 4 funding rounds. The CEO of Bill desk is M.N Srinivasu.


·       PINE LABS: Pine Labs is a fintech company that offers technology-based financial solutions for merchants and retailers. It has headquarters in Noida, Uttar Pradesh, India. Pine Labs has 1400+ employees and a revenue of $43 Mn (2017-18). It was founded in the year 1998. Pine Labs is a private company. Rajul Garg and Tarun Upadhyay are the Co-founders of Pine Labs. After launching in the year 1998, Pine Labs has raised a total of 340 million USD over 5 funding rounds. The CEO of Pine Labs is Lokvir Kapoor.


·       INCRED:  Incred is a digital lending platform for consumers and SMB’s. It has its headquarters in Mumbai, Maharashtra, India. Incred has 600+ employees and a revenue of $18 Mn (2017-18). It was founded in the year 2016. Incred is a private company. Bhupinder Singh is the Founder and CEO of Incred. After launching in the year 2016, Incred has raised a total of 175 million USD over 2 funding rounds.


·       MOBIKWIK: Mobikwik is a mobile payments company connecting consumers with merchants and online sellers. It has its headquarters in Gurgaon, Haryana, India. Mobikwik has 550+ employees and a revenue of $12 Mn (2017-8). It was founded in the year 2009. Mobikwik is a private company. Bipin Preet Singh and Upasana Taku are the Co-founders of Mobikwik. After launching in the year 2009, Mobikwik has raised a total of 118 million USD over 8 funding rounds. The CEO of Mobikwik is Bipin Preet Singh.


·       Policy Bazaar:  Policy Bazaar is online life insurance and general insurance aggregator. It has its headquarters in Gurgaon, Haryana, India. BankBazaar has 2500+ employees and a revenue of $21 Mn (2017-18). It was founded in the year 2008. Policy bazaar is a private company. Yashish Dahiya, Avanish Nirjar, and Alok Bansal are Co-founders of Policy Bazaar After launching in the year 2008, Policy Bazaar has raised a total of 346 million USD over 7 funding rounds. The CEO of BankBazaar is Yashish Dahiya.


·        Pitchbook:  Pitchbook is a financial software and data company that provides information about public and private equity markets. The platform enables companies, investors, advisors and professionals to capitalize on new business opportunities via due diligence research on private market intel, fundraising information and source investments.

·        Braintree: Braintree a division of PayPal, provides payment services to businesses of all sizes. Accepting payment types ranging from credit cards to Venmo, its products help companies that operate online and as marketplaces to bolster security, prevent fraud and safeguard user information.



Financial sector policies in India have long been driven by the objective of increasing financial inclusion, but the goal of universal inclusion is still a distant dream. For a financial system to be truly inclusive, it should meet the needs of everyone who can fruitfully use financial services, including the poor. Government of India has taken various steps for alleviating poverty since Independence. Microfinance is a general term to describe financial services to low-income individuals or to those who do not have access to typical banking services. Microfinance is also the idea that low-income individuals are capable of lifting themselves out of poverty if given access to financial services. Microfinance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services due to the high transaction costs associated with serving these client categories. Microfinance can play a vital role in providing financial services to the poor and deprive segment of our economy. Microfinance is "a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high-quality financial services, including not just credit but also savings, insurance, and fund transfers. Microfinance scheme provides a wide range of financial services to people who have little or nothing in the way of traditional collateral. It helps them to build up assets, survive crises and to establish small business to come out of poverty.

There are over 10,000 microfinance institutions serving in excess of 150m customers, 100m of them being the poorest families. Microfinance is gathering momentum to become a significant force in India. Some challenges faced by micro finance in India are:

·        Financial Illiteracy: One the major challenge in India towards the growth of the microfinance sector i.e. illiteracy of the people. This makes it difficult in creating awareness of microfinance and even more difficult to serve them as microfinance clients.

·        Lack of information: There are various sources of credit information in India, but none of these focuses on small, rural borrowers. Credit information on such borrowers is difficult to obtain because the majority of the rural poor rely on moneylenders and other informal lenders, and it is not in the interest of such lenders to pass on a borrower’s good credit repayment record to other providers of finance.

·         Inability to generate funds:  MFIs have inability to raise sufficient fund in the microfinance sector which is again an important concerning challenge. Through NBFCs are able to raise funds through private equity investment because of the for-profit motive, such MFIs are restricted from taking public deposits.

·        Heavy dependence on banks & FIS: MIF’s are dependent on borrowing from banks & FIS. For most of the MFI’s funding sources are restricted to private banks & apex MFI’s. In these available bank’s funds are typically short term i.e. maximum 2 years period. Also, there is a tendency among some lending banks to sanction and disburse loans to MFI, s around the end of the accounting year in pursuit of their targets.

·        Weak Governance: Many MFI’s are not willing to convert to a corporate structure; hence they trend to remain closed to transparency and improved governance, thus unable to attract capital. MFI’s also facing a challenge to strike a balance between social and business goals. Managements need to adapt business models based on changing scenarios & increased transparency; this will enable attracting capital infusion and private equity funds.

·        Interest Rate: MFIs are charging very high interest rates, which the poor find difficult to pay. MFIs are private institutions and therefore require being economically sustainable. They do not get any subsidized credit for their lending activities and that is why they need to recover their operational costs from borrowers

·        Regional Imbalances: There is unequal geographical growth of Microfinance institutions and SHGs in India. About 60% of the total SHG credit linkages in the country are concentrated in the Southern States. However, in States which have a larger share of the poor, the coverage is comparatively low. Main reason for this is the state government support, NGO concentration and public awareness.

·        Over-indebtedness due to multiple borrowings and inefficient risk managementMicrofinance institutions (MFI) provide financial services to the poorer section of the society in order to improve their standard of living. Therefore, over-indebtedness is major issue.  Lack of risk management framework and multiple borrowings by most clients led to micro-finance crisis in India in 2008. In some cases, it has been seen that there is no apex control over the MFIs’. This sector gives loans without collateral which increases the risk of bad debts.

·       Over-dependence on banking system for funding: Majority of the MFIs’ in India are registered as Non-Governmental Organizations (NGOs). They are dependent on financial institutions such as commercial banks for stabilised funding for their own lending activities. Around 80% of their funds come from banks. Most of these are private banks which charge a high rate of interest and also the term of loans is of shorter period. Most of the times, banks lend to microlending firms in order to meet their so-called priority sector loan targets (Unnikrishnan, 2012). The over dependence of Indian microfinance industry on banks make them incompetent and less reactive towards dealing with default and delinquencies (Sapundzhieva 2011)).

·       Regulatory issues: Presently the Reserve Bank of India (RBI) is the regulatory body for the microfinance industry in India. However, it has traditionally catered to commercial and traditional banks rather than MFIs’. Moreover, the needs and the anatomy of micro finance industry is supremely different from that of banks. In the past the industry has undergone sporadic and unprecedented regulatory changes. Some of these have benefited the industry greatly, but a lot of issues were unaddressed, like creating barriers for entry to restrict unworthy players (PwC, 2016). Not only has it led to constant structural and operational changes but also created ambiguity in norms of conduct. Therefore, there is a need for a separate regulatory authority for this industry. Regulatory issues have led to sub-optimal performance and failure in the development of new financial products and services through which the poorer section can be benefited.

·       P2P Lending PROBLEMS: Lenders face exposure from defaults, and their funds (with some exceptions) are not insured. The success of P2P lenders to limit loan losses varies by lender and over time. A lender can be talked into making a bad loan with a good sob story. Compared to walking into a bank or credit union, P2P lending can take much more work, especially if the loans are funded through auction. The loan selection and bidding process can demand a level of financial sophistication many people don't have. Because this is such a new industry, there are bound to be waves of lender consolidation, interface/administrative changes, and changes to the lending practices themselves. This may be more of a burden and risk than disciplined investors are willing to allow.

·       MSME LOANS: Microloan or MSME loan portfolios of non-banking financial companies (NBFC) and microfinance institutions (MFI) might see a significant increase in delinquency levels amid the Coronavirus epidemic as the lower-income groups, typically labourers and daily wage earners are likely to be hit hardestThe impact would be visible “in the urban and semi-urban portfolios before spreading to the rural portfolios,” the credit rating agency said. The risk of delinquencies also exists for financiers offering unsecured loans to SMEs who typically rely on the assessment of the estimated cash flows with high yield.

Roshni Sachdev (MBA FA)
Manager FinTech [ Internship Incharge] 

AirCrews Aviation Pvt Ltd