Texas explosion: 'He was a cowboy and he died with his boots on'

Texas explosion: 'He was a cowboy and he died with his boots on' Los Angeles Times “He was a cowboy and he died with his boots on.” The Uptmor family is a large clan within the tight-knit community of West (where some spell their last name with an “e” at the end). Buck Uptmor, 45, made a living posting barbed-wire cattle fences and ... See all stories on this topic »

SAN JACINTO: Put on that cowboy hat Press-Enterprise (blog) San Jacinto Councilwoman Crystal Ruiz, second from left, is going to Santa Clarita'sCowboy Festival at Melody Ranch Movie Studio on Sunday, April 21,to learn more about how that region has attracted film production business. The council gets into the... See all stories on this topic » Press-Enterprise (blog)

Lou Diamond Phillips and Wyatt McCrea to co-host Western Heritage Awards ... NewsOK.com (blog) With spring comes the excitement of celebrities, writers, Western musicians, directors, producers, actors and photographers who travel to Oklahoma City to accept the prestigious “Wrangler Award” at the National Cowboy & Western Heritage Museum's annual ... See all stories on this topic » NewsOK.com (blog)

Cowboy Golf Tournament held at Wilcox Oaks Red Bluff Daily News Pictured is the winning team of the Cowboy Golf Tournament Friday at Wilcox Oaks Golf Club, Jimmy Bennit, Mike Cox, Matt Holmberg and Billy Rickett. Also pictured, right, is Red Bluff-Tehama County Chamber of Commerce CEO Dave Gowen. ( Courtesy ... See all stories on this topic »

It feels good to be a Cowboy: Coppell wins state title in thrilling fashion Southlake Times The junior gave the Cowboys life netting the equalizer with a right-footed rocket into the upper-right corner on a free kick with 3:32 remaining in regulation. With 54 seconds remaining in the second overtime, he provided the game-winner, this time ... See all stories on this topic »

Annual Cowboy Festival appeals to all senses - The Signal Santa Clarita Valley Signal The Melody Ranch Motion Picture Studio is no stranger to crowds of people decked out in boots, spurs or Stetson hats, but plenty of new faces turned out at the studio Saturday to take part in the 20th annual Santa Clarita Cowboy Festival. First-time ... See all stories on this topic »

Letters: Cowboy up El Paso Times So, the mayor wants the city, (read that as the taxpayers), to pay "his" legal bills. This is particularly insulting since he went against the taxpayers' vote and brought this upon himself in the first place. He made a decision to ride "roughshod," as ... See all stories on this topic »

Spindletop goes back to the past with Cowboy Ruckus Beaumont Enterprise Port Neches resident Sylvia "Texas Flower" Butler walks the streets of Hamill Square during Gladys City's Cowboy Ruckus event on Saturday, April 20, 2013, at Spindletop Gladys City Boomtown in Beaumont. Photo taken: Randy Edwards/The Enterprise ... See all stories on this topic »

'Family Guy' Boston Marathon episode yanked WND.com (HOLLYWOOD REPORTER) — One of the more tasteless hoaxes making the rounds in the wake of the bombing at the Boston Marathon revolves around a recent episode of Fox's Family Guy. “TurbanCowboy,” which premiered in the U.S. on March 17, ... See all stories on this topic »

Opportunity for SMEs and new start ups like AeroSoft Corp to hire such talented Professionals from IIMs. .

Opportunity for SMEs and new start ups like AeroSoft Corp to hire such talented Professionals from IIMs. .

The Indian Institutes of Management, which sit at the top of the business education totem pole, can normally rely on the power of the IIM Brand to land their wards well-paying jobs year after year. But as this year's placement season looms, some are being forced to do the unthinkable not because of poor quality of Education but just because of Global Recession. more than 65% already got selected by top ventures only about 35% or less are waiting.

I personally visited IIM I on 31 March 2013 and spoke to 40 odd students there. from those  35% who are waiting, but even these students were seems to be much promising. It is an Opportunity for SMEs and new start ups like AeroSoft Corp to hire such talented Professionals.

I found all of them were very humble, down to earth and absolutely no IIM ego.  But looking very promising and Productive for any  SMEs and new start ups.  Its a Win win in the time of Global Recession.

AeroSoft Welcomes following professionals from Indian Institute of Management Indore as Project Manager

Er Aishwarya S [ B E , PGDM IIM - I ]

Er Sushmita Lakra [ B Tech, PGDM IIM - I ]

Er Susmita will be  working with AeroSoft Corp as a Project Manager. She belongs to the ‘City of Joy- Kolkata’ and loves eating delicious food. She is extremely hard working, goal oriented and passionate about everything she does, especially anything related to Information technology. She did her PGDM form IIM Indore in the year 2013 and has completed her B.Tech in IT from West Bengal University of Technology, Kolkata in the year 2011. Susmita has an experience in conducting both primary and secondary market research. She is adept at using analytical  tools that would help Aerosoft Corp , streamline their operations and generate revenues faster. According to Ministry of Civil Aviation (Aranca Research), the passenger traffic for airlines has been growing since the new millennium due to the increase in disposable income and introduction of low cost aviation. Constant awareness is the pre requisite to drive growth in any industry. So, Susmita Lakra as the project manager at AeroSoft Corp aspires to facilitate the process of Information gathering to satiate the dynamic needs of consumerism and avid readers.

Kingfisher has checkmated Indian banks, who are eagerly waiting to recover Rs 7,000 crore from Dr Vijay Mallya’s cash-strapped Kingfisher Airlines Ltd

Kingfisher Airlines Ltd  checkmates Indian banks


Kingfisher has checkmated Indian banks, who are eagerly waiting to recover Rs 7,000 crore from Dr Vijay Mallya’s cash-strapped Kingfisher Airlines Ltd   and are not sure about how to recover the value of the collateral pledged with them. The way to recover it is even more difficult.

The banks have no clue and a sub-committee of top four bankers has appointed a legal counsel to look into the recovery operation. The worst affected is SBI with exposure of Rs 1,600 crore, Punjab National Bank with Rs 800 crore, Bank of India Rs 650 crore, IDBI Bank Rs 800 crore and Bank of Baroda Rs 550 crore. The collateral valuation was done three years when KF was flying.

The consortium of banks has Mallya’s real estate in Mumbai, in Goa and two helicopters, apart from the airline brand and United Spirits shares. With the helicopter not owned by him,only landed properties remain. To go for sale of securities, banks have to approach Securitisation and Reconstruction of Financial Assets and Enforcement of Securities (Sarfaesi) Act.

Even if Sarfaesi gives clearance, the offloading USL shares is not going to be simple. Once shares are offloaded in the market, the price may crash. Not more than 30% realisation from the collateral pledged will be realised.

Those bankers having brand as a collateral is finding brand as useless. Jet Airways has more or less finalized the deal with Etihad and bought off Kingfisher slots in India and abroad. On the wings is AirAsia –Tata JV after getting clearance from FIFB and waiting for DGCA clearance.

In this scenario Tiger Airways the Singapore airlines is now scouting for an Indian partner. AirAsia has said that it would introduce Rs 2000 fare for many destinations apart from Mumbai- Delhi route. This fare would be for advance booking only. The airlines banks on the mass bookings like for corporate meetings and weddings in India.

Sensex up 100 points in opening trade; Kingfisher up 5 per cent IBNLive Mumbai: Key equity benchmarks opened on a positive note, buoyed by gains in US stocks and Chinese exports beating forecast underpinning investor risk sentiment. The dollar rose to a fresh three-and-a-half-year peak against the yen and nudging up Asian... See all stories on this topic » IBNLive

PROPERTY NEWS: NZ's Great Lake Taupo's Kingfisher Project – over 55 ... New Straits Times POPULAR: A project by leading New Zealand property developer Globe Holdings,Kingfisher at Great Lake Taupo is a premier waterfront residential development that not only provides investors a chance for attractive upside investment returns but also ... See all stories on this topic » New Straits Times

Kingfisher girl Angela Jonsson shoots for India's first under water cover shoot! Apun Ka Choice Angela Jonsson became one of the hottest faces of the fashion world when she won the KingfisherCalendar Girl hunt and made a splash posing in bikinis for the calendar's 2011 issue. Now after gracing half a dozen magazine covers, the young lassie has ... See all stories on this topic »

Kingfisher checkmates Indian banks TruthDive Mumbai, Mar 7 (TruthDive) : Kingfisher has checkmated Indian banks, who are eagerly waiting to recover Rs 7,000 crore from Vijay Mallya's cash-strapped Airlines and are not sure about how to recover the value of the collateral pledged with them. The ... See all stories on this topic »

Kingfisher Given New $5.26 Price Target at Goldman Sachs (KGF) Zolmax Kingfisher (LON: KGF) had its target price boosted by Goldman Sachs from $5.11 (340 GBX) to $5.26 (350 GBX) in a report issued on Tuesday. They currently have a buy rating on the stock. A number of other analysts have also recently weighed in on KGF. See all stories on this topic »

Air India should appreciate this person. He is so proud of being a part of Air India.

This is so much awesome... Air India should appreciate this person. He is so proud of being a part of Air India. He knows current condition of it and he dont like to see Air India in Mess. What is top managment doing.

Please for god sake try to make Air India better than Sueing this person. Listen to him carefully, he is so fustrated to his condition but as a honest employee, he pledge to serve air india till end.

A Pilot goes thru lot of stress if made to sit at home ... this is for all my mates who r in similar condition ... Take it in healthy spirit, its

An Air India Pilot who made a rap video to complain about Poor Pay, ageing Female Flight Attendants and cancelled flights has found himself in hot water with his bosses.

The video, called Air India Rap, has become a viral hit since it was posted on You Tube last week clocking up 85,000 views to date.

The rap - which is laced with expletives - begins with the Pilot hearing his flight has been cancelled before a hip hop backing track starts.

It starts with a disclaimer which reads: "Dear friends and fellow Pilots, the following content is not meant to harm anyone's feelings for the company. I love Air India and am very thankful to ICPA for making every effort to get us out of the mess we are now in."

He goes on to canvas a number of issues with the airline including not being paid, working with older staff and the union not standing up for the Pilots.

"It has been more than five months since I haven't got paid. Time n time again and again I have been betrayed."

Later, he discusses some of his older colleagues.

"People work here for a lifetime they never retire. See old faces everyday gets ma ass on fire.

"How do I fly with woman in sixties, they call them air hostesses we call them aunties."

Later, he finishes the rap on a more conciliatory note, saying: "I work with Air India as you know. I love ma company, there is nowhere else I go."

The Pilot's bosses have been left unimpressed by the musical offering.

"He works for us, yes," G.P. Rao, a spokesman for the airline, told Agence France Presse.

"We are looking into the issue. The management will decide how to go about it," Rao said.

The Times of India quoted a senior Air India manager as branding the song "an immature act", and adding that the airline would examine the Pilot's record "before taking a final view" on whether to discipline him.

State-run Air India is the country's fourth-largest airline and has been plagued by crushing debts.

The airline had also suffered from the impact of rising fuel prices and fierce competition, AFP said.

Last year Pilots at the airline staged a two-month strike.

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Pilot’s Career Guide

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

By Shekhar Gupta

Rating: Not yet rated. 

Published: July 13, 2013 

Words: 26,240 (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 Shekhar Gupta Niriha Khajanchi 

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
6. Pilot Training – Where to get it.
7. Best Commercial Pilot Training Schools
8. Aviation Crew [Flight, Cabin, Ground]
9. Aircrafts [Single Engine, Multi Engine, Prop, Turbo Prop, Jet]
10. Best Paying Flying Jobs
11. Pilots Interview Questions
12. Aviation Organizations
13. List of Abbreviations
14. Aviation Jargons
15. FAQ

Click her to Order     https://www.smashwords.com/books/view/336260

Dr Mallya surprises Kingfisher staff with month's salary, CEO meets DGCA

A week after its lenders decided to recover their dues, cash-strapped Kingfisher Airlines has started paying salaries to its employees apart from approaching the aviation regulator seeking licence renewal, sources said today.
"Some of us have received salary dues. Those in the lowest package as well as some engineers and pilots have also got a month's salary dues," sources told .
The airline has not been paying salary to its employees since May last year, while it had started delaying salaries much before the crisis broke out last October.
The sources also said airline Chief Executive Sanjay Agarwal is in the capital to meet the Directorate General of Civil Aviation (DGCA) to make a fresh request to resume operations.
However, both the developments could not be officially confirmed.
Earlier in the day, Kingfisher shares rose as much as 5 per cent on the BSE, the maximum permissible limit on a day, after one of its promoters, United Breweries Holdings, hiked its loan limit for the ailing carrier to Rs 750 crore from Rs 300 crore.
UB Holdings has sought approval from its shareholders to revise the lending limit for Kingfisher and to authorise its board of directors to take necessary actions in this regard, the company had said yesterday.
Reacting to the development, shares of the company touched an intra-day high of Rs 10.53 on the BSE, higher by 5 per cent from its previous closing price at 1230 hours.
"To accommodate further lending to Kingfisher if required, it is proposed to realign these limits further by increasing the lending limit to KFA from Rs 300 crore to Rs 750 crore and reducing the investment limit from Rs 1,200 crore to Rs 750 crore, thus maintaining the overall limit of Rs 1,500 crore..," UB Holdings said in a shareholders' notice.
The revision was done to facilitate the conversion of loans given to Kingfisher into convertible/no-convertible securities, as required by the debt recast agreement between the airline and a consortium of its lenders.
It can also be noted that last Tuesday, the lenders to the airline, which number as many as 17 banks which together had extended Rs 7,000 crore to the company, had resolved to recall their loans to the airline, which had been grounded since October one last, saying more than enough time was given to the management to revive the crippled airline.
The lenders consortium leader State Bank, which has an outstanding dud loan of over Rs 1,700 crore, had said as a first step, lenders would monetise the collateral given to them from other group companies like Mangalore Fertilisers and the flagship United Spirits, in which 54 per cent has been sold to the British spirits major Diageo for around Rs 11,170 crore.
However, the UB Group has denied that it had given USL shares as collaterals to the lenders as well as the brand Kingfisher, which also covers its beer business.
The bankers are expecting to recover around Rs 1,000 crore from these securities before the end of this fiscal itself.
Yesterday, SBI chairman P Chaudhuri had said in Chennai that he was hopeful of recovering a "good portion of his Rs 1,700 crore dues from the airline."
"Of the total dues of Rs 7,000 crore... so far, the approach was to revive the airline. But now we have decided to realise the securities provided by the airline. Our endeavour is to recover the full amount," Choudhuri said.
Noting that recovery of dues would be after completing a "complicated, long, legal battle", he said the bank has made provisions to collect Rs 1,650 crore of the Rs 1,700 crore through realisation of securities.
The lenders also hope to take only a small haircut from the entire fiasco as they have collateral worth Rs 6,500 crore from group companies, excluding the brand Kingfisher, which in good times was valued at Rs 4,200 crore.
The airline, launched in May 2005 as a gift to Vijay Mallya's son Siddharth on his 18th birthday has never made any profit and today has nearly Rs 18,000 crore which include bank loans, accumulated losses, salary arrears, vendors dues and tax dues among others.

Mallya surprises Kingfisher staff with month's salary, CEO meets DGCA: Sources Times of India MUMBAI: A week after its lenders decided to recover their dues, cash-strapped Kingfisher Airlines has started paying salaries to its employees apart from approaching the aviation regulator seeking licence renewal, sources said today. "Some of us have ... See all stories on this topic »

Kingfisher gains on United Breweries loan hopes Reuters India The statement came after lenders to Kingfisher said on February 12 that they would take initial steps towards recovering $1.4 billion of loans in default after the company failed to come up with a viable funding plan. UB Group, the parent of both ... See all stories on this topic »

Effort is not to restart Kingfisher but to realise securities: Pratip Choudhuri Hindu Business Line “So far our approach was to try and help the airline to revive itself. But somehow company has not shown enough energy. So, this time the effort is not to restart but to realise securities,” says Pratip Choudhuri ... See all stories on this topic » Hindu Business Line

United Breweries Seeks to Lend More to Kingfisher Wall Street Journal (India) MUMBAI--United Breweries (Holdings) Ltd. has sought shareholders' approval to provide more loans to group company Kingfisher Airlines Ltd. even as the grounded carrier's lenders decided to recall all their loans. United Breweries, which owns shares in ... See all stories on this topic »

UB Group hikes loan limit for Kingfisher Times of India Shareholders of UB Holdings in September 2008 had approved lending funds to Kingfisher to the tune of a maximum amount of Rs 1,500 crore. Later in 2010, the company got approval of shareholders for a revision within this overall limit, pursuant to ... See all stories on this topic »

UB Holdings to hike loans to Kingfisher The Hindu In an attempt to bail out ailing Kingfisher Airlines and reduce the exposure of its lenders, its parent United Breweries Holdings Ltd. has sought shareholders' approval through postal ballot to provide additional loans of Rs.450 crore to the grounded ... See all stories on this topic »

Kingfisher shares jump 5% on hike in loan ceiling Hindu Business Line “To accommodate further lending to Kingfisher Airlines if required, it is proposed to realign these limits further by increasing the lending limit to KFA from Rs 300 crore to Rs 750 crore and reducing the investment limit from Rs 1,200 crore to Rs 750 ... See all stories on this topic »

Recovering Kingfisher dues will be tardy affair: SBI Deccan Herald Government lender State Bank of India (SBI) Monday said its increased non-performing assets (NPA) are due to its exposure to iron, steel and textile sectors while recovering the dues from KingfisherAirlines will be a protracted legal affair. "The ban ... See all stories on this topic »

Dr Vijay Mallaya and UB Group tries to pacify Kingfisher Airlines Ltd lenders

In a bid to assuage the irate lenders of Kingfisher Airlines, parent company UB Group on Friday said it would find an early solution to the financial mess of the airline. It said it would use proceeds from the stake sale of a group company to Diageo.

UB Group’s latest move comes two days after Kingfisher Airlines’ lenders threatened to recall the Rs 7,500 crore loans given to Kingfisher Airlines by encashing the corporate and personal guarantees of UB Group and its chairman, Vijay Mallya.

“We have received no formal communication from the Banks till date. We are in continuing discussions with them on ways to bring down their exposure, inter alia, from the proceeds of the Diageo transaction. The banks explicitly support the transaction with Diageo and would work with us in finding an orderly method of disposal of some of the pledged shares to Diageo if appropriate,” said UB group in a statement.

However, the group did not explain how the proceeds from the deal with Diageo would be channelled to Kingfisher Airlines’ lenders.

In early November 2012, Diageo, UB Holdings (UBHL) and United Spirits (USL) had announced a transaction worth Rs 11,100 crore, to give Diageo a controlling 53.4 per cent stake in USL. During that transaction, Diageo and UB Group had announced a 27.4 per cent stake would be acquired by Diageo from USL and UBHL and the remaining 26 per cent from the public shareholders of USL.

As part of the first step of acquiring the 27.4 per cent stake, Diageo is to pay Rs 5,600 crore to USL and UBHL. A sum of Rs 3,200 crore would go into USL, which will be used for its own debt reduction and operations. The rest, Rs 2,400 crore, will go to UBHL, to pay back its lenders and release the pledged shares so that these can be transferred to Diageo. After this transaction, UBHL will hold 13.4 per cent of the enlarged share capital, a majority of which has been pledged.

While announcing the deal with Diageo, Mallya had specifically added that UBHL would look into issues pertaining to Kingfisher Airlines and take appropriate steps. With UBHL’s debt at close to Rs 3,000 crore and a majority of the proceeds from Diageo to be used to reduce it, it would be difficult for UB Group to use the proceeds from the deal with Diageo to pare Kingfisher Airlines’ debt.

According to analysts tracking the company, with USL’s stock price shooting up around 70 per cent during the past six months — it currently trades in the Rs 1,800-Rs 1,900 levels — UBHL could look at offloading a part of its holdings and pay the proceeds to Kingfisher Airlines’ lenders. In addition, UB Holdings has real estate assets, which, when encashed, could fetch about Rs 650 crore. This can also be used to pay off part of Kingfisher Airlines’ debt.

The airline has been grounded for nearly six months and its licence suspended. In addition to the huge dues towards the consortium of banks, Kingfisher is also a defaulter to most of its stake holders such as airport operators, oil marketing companies, aircraft lessors and its 3,000-odd employees. Its accumulated losses stand at close to Rs 8,000 crore.

United Breweries in talks with Kingfisher Airlines' lenders: full statement NDTV Mumbai: United Breweries Group, the parent of Kingfisher Airlines, today said it is in talks with the lenders to the debt-laden carrier to cut their exposure by using the proceeds from a stake sale in a group company, United Spirits, to Diageo Plc ... See all stories on this topic »

UB Group tries to pacify Kingfisher lenders Business Standard UB Group's latest move comes two days after Kingfisher Airlines' lenders threatened to recall the Rs 7,500 crore loans given to Kingfisher Airlines by encashing the corporate and personal guarantees of UB Group and its chairman, Vijay Mallya. “We have ... See all stories on this topic » Business Standard

UB Group in talks with Kingfisher Airlines lenders to cut debt IBNLive New Delhi: UB Group, the parent of debt-laden Kingfisher Airlines, said it was in talks with lenders to the carrier to cut their exposure by using proceeds from a stake sale in a group company to Diageo Plc. The statement comes days after lenders to ... See all stories on this topic »

An Airline Professional and an experienced Training co-ordinator with skills in advanced and complex fares.Ability to work independently with focus on high level of quality and customer service and delgate the same to the trainees.

Specialties: Key Skills:
* International Fares and Ticketing Skills
* Plan itinerary, pricing of complex fares
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* Knowledge of Amadeus and Abacus CRS

Subrata Roy Sahara Scandals

The Supreme Court has struck a blow for the little man. Judges have ordered the conglomerate to refund more than $3 billion it had raised from millions of small investors. Add in 15 percent interest, and the bill could be as high as $5 billion. The question is how the sponsor of India's cricket team and owner of New York's Plaza hotel will comply with the ruling.

The case is a high-profile test for India's financial system. In 2008, two unlisted Sahara group companies, with paid up capital of less than $20,000 each, began raising funds through an instrument known as an optionally fully convertible debenture (OFCD). Sahara argued the fundraising was in the form of a private placement. The Securities and Exchange Board of India countered that a private placement should be for a maximum of 50 investors -- not 23 million.

The sums raised by the politically well-connected Sahara group exceed the amount raised in India's largest ever IPO, that of Coal India. Its largely rural investors exceed the total number of retail investors for India's entire universe of listed stocks.

While the outcome of the case is positive, it still raises serious questions over how such a huge mobilisation of funds was allowed to take place at all. Investors were sold a product that benefited from neither the protection associated with a public issue nor the safeguards a depositor would get from putting money in a bank.

The case also highlights the fact that very large quantities of money in rural India is looking for a savings home. India's rural savers deserve better than Sahara. And unless the money is paid back swiftly their confidence in the financial system could take a serious dent.

So how will Sahara manage to return the cash? Over a third of the sum raised through issue of OFCDs has been invested in Aamby Valley, a luxury township project developed by the group in Maharashtra, according to annual reports for the year ended June 2010. Sahara has always maintained that if it loses the case that it has sufficient liquidity to pay the sum back in full. For the sake of India's financial system, it needs to make good on that promise - soon.

CONTEXT NEWS

- The Supreme Court on August 31 ordered the Sahara conglomerate to refund more than $3 billion it had raised from millions of small investors, reaffirming an order from the capital markets regulator on 30 August.

- The Supreme Court also ordered Sahara to pay 15 percent interest to investors on their deposits, a lawyer on the case said.

- Two unlisted group companies of Sahara, which has interests ranging from financial services and housing to media and sports, had between 2008 and 2011 raised a total of 177 billion rupees from 22 million small investors through an instrument known as an optionally fully convertible debenture.

- The Securities and Exchange Board of India last year ordered the group companies to refund the money, with 15 percent annual interest, after it found that the fund-raising process did not comply with rules.

(Editing by Peter Thal Larsen and Katrina Hamlin)

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)


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