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U.S. India Business Forum 2009 U.S. India Chamber of Commerce - Midwest Aviation Panel

U.S. India Business Forum 2009 U.S. India Chamber of Commerce - Midwest Aviation Panel. Chicago, Illinois June 25, 2009. Setting the Stage - Who We Are. Savio Dias, Kingfisher Airlines, Asst. Sales Manager-Midwest USA & Canada Sami Khaja, Jet Airways, Sales Manager, Midwest and Texas

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U.S. India Business Forum 2009 U.S. India Chamber of Commerce - Midwest Aviation Panel

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  1. U.S. India Business Forum 2009U.S. India Chamber of Commerce - MidwestAviation Panel Chicago, Illinois June 25, 2009

  2. Setting the Stage - Who We Are • Savio Dias, Kingfisher Airlines, Asst. Sales Manager-Midwest USA & Canada • Sami Khaja, Jet Airways, Sales Manager, Midwest and Texas • Raj Sidhu, American Airlines, Sales Manager, US-India/Russia • Sanjay Tiwari, KLM Cargo, Manager, US Sales & Customer Service • Douglas Ochs Adler, Vedder Price P.C., Moderator

  3. Setting the Stage - Blue Skies (1) • Current State of US-India Relations (India 3.0) • India’s GDP has tripled since 2000; 7%+ est. for 2009-2010 • US Exports to India and FDI have doubled in five years • 2004-2007: India imported >$11bn aviation goods from US • GE India just received “Validated End-User” authorization • Since January: Infra. Development of US$13.59bn • Stock Market Rose 17% on May 18 • Savings Rate of 37%

  4. Setting the Stage - Blue Skies (2) • Open Skies (2005) • India’s 11th Five Year Economic Plan (2007-2012) ($600bn) • Airports ($9bn), Highways ($78bn), Power ($150bn), Rail ($62bn), Seaports ($18bn), Telcom ($65bn) and Water ($100bn) • All sectors intertwined • Projects will go through: only 22% India GDP related to exports vs. 65% for PRC • Aviation Cooperation Program (2007) • Indo-US Aviation Summit (December, 2009)

  5. Storm Clouds(but not thunder and lightning) • Price of Oil • Doubled between January and May • IATA • Projected losses of $9bn for airlines globally • India’s airlines account for 35% of losses but only 2% of capacity

  6. A View From the Front Lines: S.W.O.T. Analysis and Discussion • Strengths • Weaknesses • Opportunities • Threats

  7. (Not so) Primary Colors (1) • Green Lights • FDI and Tax incentives • Waiver of import duties on some capital equipment • US Ex-Im Bank Infrastructure Facility ($2.4bn committed) • Yellow Lights • FY 2008-2009: Nat’l Highways Authority received bids for only 22 of 60 projects • Minister Patel: no more airport PPP’s • Nuclear power: end-use monitoring and disposal issues

  8. (Not so) Primary Colors (2) • Red Lights • High Courts of Bombay and Bangalore rulings (operators = instrumentalities of state) • Delhi and Mumbai airports named to IATA “Hall of Shame” • Raised fees 207%! • FCPA and other corruption concerns India scored 3.4 out of 10 (0 = most corrupt and 10 = most honest) • Uneven (unequal?) application of laws and regulations

  9. Recommendations • KYC and KYP • States are easier to deal with • Beware Satyma/Maytas situations, esp. w/land permits • Include Focus on Infrastructure Utilization • ATC: reducing 1 minute off ea. of India’s 2mm domestic flights = 200K ton decrease in CO2 and savings of $67mm • Relaxation of ECB Policy: Gov’t fixated on Dabhol • Transparency: Cape Town Treaty ratified but never implemented

  10. Thank You! For further information, please contact: Douglas Ochs Adler Vedder Price P.C. 875 15th Street, NW, Suite 725 Washington, DC 20005 T: +1-202-312-3325 F: +1-202-312-3322 dadler@vedderprice.com www.vedderprice.com

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