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<ul><li>The 33-year-old <keyword id="2965693" type="General" weightage="50" keywordseo="kanika-tekriwal" source="Orion">Kanika Tekriwal</keyword> earned her a fortune of ₹420 crore and was named as the <keyword id="14687474" type="General" weightage="20" keywordseo="youngest-self-made-richest-woman" source="Orion">youngest self-made richest woman</keyword> in the Kotak Hurun report list.</li><li>Initially, she too went through the rigours of starting a business as a woman.</li><li><keyword id="69127" type="General" weightage="20" keywordseo="Tekriwal" source="Orion">Tekriwal</keyword> hails from an orthodox Marwari family where girls are often discouraged from working.</li></ul>Kanika Tekriwal from Bhopal has come a long way from being mistaken for a cabin crew to becoming one of <keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword>’s richest female startup entrepreneurs. Her idea of offering a cloud-based solution for those who want to ‘hire’ private jets, <keyword id="2963934" type="General" weightage="80" keywordseo="jetsetgo" source="Orion">JetSetGo</keyword> is now considered a million dollar idea. The company which is popularly known as the ‘Uber of Indian skies’ earned her a fortune of ₹420 crore, as per the Kotak Private Banking Hurun Leading Wealthy Women 2021 list. The 33-year-old is also the youngest in the list, with i-banker turned entrepreneur <a href="https://www.businessinsider.in/business/news/nykaas-falguni-nayar-takes-over-kiran-mazum[%E2%80%A6]e-richest-self-made-indian-woman/articleshow/93158649.cms">Falguni Nayyar</a> on the top. <cmsannotation type="cmsannotation" annotationid="‘Miss, can you ask them for tea/coffee?’" comment="subhead" text="‘Miss, can you ask them for tea/coffee?’">‘Miss, can you ask them for tea/coffee?’</cmsannotation> Today, she is also noted amongst startup founders who made it in a male dominated world. Her online air charter service is hailed by celebrities, film stars and HNIs not just for private jets but also for helicopters and air ambulances. Initially, she too went through the rigours of starting a business as a woman. “I remember walking into a customer’s office to whom we went to pitch, I had just started my company and I was the last person to walk into the conference room. A guy turned to me and said, Miss, can you ask everyone what they want tea or coffee? and all my confidence fell on the floor immediately as I was very young. It was my first pitch ever and I wanted to cry,” Tekriwal told Business Insider India in an interview. In the earlier days of the business, when she used to hang out at airports, she was frequently mistaken for the cabin crew. <cmsannotation type="cmsannotation" annotationid="The Marwari girl ‘discouraged to work’" comment="subhead" text="The Marwari girl ‘discouraged to work’">The Marwari girl ‘discouraged to work’</cmsannotation> Tekriwal hails from an orthodox Marwari family where girls are often discouraged from working. However, she always wanted to become a pilot, and that along with her time in the UK inspired her to start her own business. The idea to start her company, JetSetGo, came from the thought of private flying as more accessible and economical for people. Before her startup, it was a long, cumbersome process where people lost money and faced many hiccups. Her company, however, turned this process online, transparent and allowed people to ‘share’ rides. “The idea came out of the combination of prior experiences and learning where I saw what was happening in the UK and in India, and there is a big gap that needs to be fulfilled and I went about it,” Tekriwal said. The first roadblock to doing business in the air was registration. “When I wanted to register the company, the people in the registrar office didn’t want to give me the certificate of incorporation simply because it had the word ‘aviation’ in it and asked me to go and get DGCA approval. Why would DGCA give me an approval for a company? I wanted to do trading,” she highlighted. Then came another difficult period in her young life when she was diagnosed with cancer. “I had the idea brewing in my head for close to three years or so, but when I took out my sketch board and started working on it, I was diagnosed with cancer, which set me back by a year,” said Tekriwal. After she became cancer-free in 2012, she kickstarted the business with her friend, <keyword id="2963933" type="General" weightage="50" keywordseo="sudheer-perla" source="Orion">Sudheer Perla</keyword>, starting with air taxi services that provide intra-city connectivity. After ten years, she owns ten private jets after seven last year. She plans to add at least eight more aircrafts in the next three years. <cmsannotation type="cmsannotation" annotationid="Lockdown and beyond" comment="subhead" text="Lockdown and beyond">Lockdown and beyond</cmsannotation> The company also overcame tough times during the three months of the first lockdown. But it decided not to lay off staff or cut down salaries. “I used to actually wake up sweating on most days wondering till when we will be able to sustain this,” Tekriwal added. However, now that’s in the past, the aviation sector has become one of the busiest in the last few months, thanks to years of pent up demand. During the time, the company added another interesting set of jet-setting travellers – startup founder, says Tekriwal, who was amazed at the trend. Also, those who want to splurge on a private jet for leisure trips too has doubled since January 2020. “When the Maldives opened in December last year, everyone was running there on private jets. Now it's Dubai. In India, Goa, Rajasthan, and Kerala are the top leisure destinations,” she added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/all-you-need-to-know-about-the-new-langya-henipavirus-reported-in-china/articleshow/93480292.cms">All you need to know about the new Langya Henipavirus reported in China</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/most-luxury-home-sales-came-from-mumbai-and-its-suburb-thane-leads-in-affordable-homes/articleshow/93479211.cms">Most luxury home sales came from Mumbai, and its suburb Thane leads in affordable homes</a>

A startup founder was asked to do a coffee run on her first pitch, now she's among India's richest women

The <keyword id="4106334" type="General" weightage="20" keywordseo="msme-exchange" source="Orion">MSME Exchange</keyword> 3.0 is just around the corner and it promises to be bigger and better, reinforcing the significance of <keyword id="6358354" type="General" weightage="20" keywordseo="msme" source="Orion">MSME</keyword>s in our society and how they are the driving force behind our economy. Let's get on to what you can anticipate from Day 1 of the MSME Exchange without further ado. At 4:30 pm, the opening remarks on policies that support MSME growth and ease of doing business will take place. Sivasubramanian Ramanan, Chairman and Managing Director of SIDBI, will share insights on how small enterprises help the Indian economy expand. We put the focus on the policy effort to promote ease of doing business by supplying quicker loan outlets and programmes to boost the MSME sector. And perhaps even more crucially, the necessity to digitise the loan process in order to strengthen the ecosystem and remove obstacles. Following this strong start, Sameer Jain will deliver the keynote address. He will discuss how important it is to support MSME growth for the $5 trillion economy. He is the CEO and founder of Net Solutions Head and the Nasscom SME Council's SME Council. Don't miss the panel discussion at 4:50 p.m. IST if you're an entrepreneur eager to discover how to scale your business. Rahul Kothari, CBO at Razorpay, Lakshminarayan Swaminathan, CXO of Meesho's Supply Growth, and Kapil Thirani, Senior Director at Flipkart are on the panel and they discuss the social e-commerce revolution and how technology will help Indian SMEs become global success stories. We also shine the spotlight on India's solopreneurs, one such company is ChakiPeesing. The co-founder of ChakiPeesing, Rajeev Khera, will get candid about how his company used technology and digital channels to grow from 100 clients to over 5,000 in the NCR region in just two years. [Register here: <a href="https://www.businessinsider.in/msme-exchange-2023">https://www.businessinsider.in/msme-exchange-2023</a>] And from there, things only get better. Next up we have a panel discussion with leading women at 5:30 pm IST. Tune in because you'll get to hear about the success stories of women overcoming barriers in entrepreneurship across many industries. Our panelists are Kanika Tekriwal, founder and CEO of Jetsetgo Aviation, Naiyya Saggi, co-founder of the Good Glamm Group and founder &amp; CEO of Babychakra, and Hardika Shah, founder and CEO of Kinara Capital. These women have worked arduously to establish new growth trajectories, and comprehend what motivates people's passions, and the difficulties they encounter. They will elaborate on ways even to bridge these gaps. Don’t miss out! You can then tune in for a entrepreneurship 101 session with Ankur Warikoo, an educator, and content creator, at 6:10 p.m. IST. To add to that, we have Bharat Sethi Rage Coffee's CEO and Founder share his thoughts on creating a long-lasting brand and his learnings along the way. We're almost closing but only after we discuss why we are all here in the first place--to understand the future of SMEs. The pandemic underscored the importance of small businesses embracing digital transformation in order to not only survive but thrive in today's environment. We will have Archana Vohra, Director of Small and Medium Business India, and Meta deliver the closing remarks on how to keep pace with a dynamic and evolving marketplace and Meta’s role in driving entrepreneurship. If you don’t want to miss out on any of this action, register now on this link: <a href="https://www.businessinsider.in/msme-exchange-2023">https://www.businessinsider.in/msme-exchange-2023</a>

We're almost there! Here's what to expect from Day 1 of The MSME Exchange 3.0

<ul><li><keyword id="6379793" type="General" weightage="100" keywordseo="falguni-nayar" source="Orion">Falguni Nayar</keyword> is the richest self-made billionaire with a net worth of ₹57,520 crore.</li><li>However, <keyword id="1490249" type="General" weightage="20" keywordseo="Roshni-Nadar-Malhotra" source="Orion">Roshni Nadar Malhotra</keyword> of HCL Technologies is the wealthiest woman, as per Kotak Private Banking Hurun list.</li><li>Around 25 new women have entered into the list this year, says the report.</li></ul>It’s beauty over biotech as Falguni Nayar overtook Biocon’s <keyword id="6413985" type="General" weightage="20" keywordseo="kiran-mazumdar-shaw" source="Orion">Kiran Mazumdar-Shaw</keyword> as India’s richest self-made woman with a wealth of ₹57,520 crore, as per Kotak Private Banking Hurun’s list of India’s wealthiest women. Nayar’s ranking went up nine places in the list, after the company she founded, Nykaa, went public last year. Roshni Nadar Malhotra of HCL Technologies however retained her title as the wealthiest woman on the list with ₹84,330 crore, for the second year in a row. Around 25 new women have entered into the list this year, says the report. The report further highlights that the cut-off wealth required to feature in the list has almost tripled since last year to ₹300 crore. The women on the 2021 list have an average wealth of around ₹4,170 crore as against ₹2,725 crore in the last year. “Over the years, Indian women are slowly yet surely coming into their own - carving a space for themselves through knowledge, excellence, passion, and empathy,” said <keyword id="14568875" type="General" weightage="80" keywordseo="oisharya-das" source="Orion">Oisharya Das</keyword>, CEO – private banking, <keyword id="46013" type="General" weightage="50" keywordseo="kotak-mahindra-bank" source="Orion">Kotak Mahindra Bank</keyword>. The list is based on the net worth of women as on 31 st December, 2021. <cmsannotation type="cmsannotation" annotationid="More younger women are becoming self-made billionaires" comment="subhead" text="More younger women are becoming self-made billionaires">More younger women are becoming self-made billionaires</cmsannotation> Even though the founder of Biocon, Shaw, was displaced — her sector pharmaceuticals too saw the most number of new entrants, followed by healthcare and consumer goods. 9 out 20 women under the age of 40 years or younger category are self-made, according to the report. Three professional managers also made it to the list. Pepsico’s <keyword id="6421975" type="General" weightage="80" keywordseo="indra-nooyi" source="Orion">Indra Nooyi</keyword> is the richest professional manager, with a wealth of ₹5,040 crore. And, 33-year-old Kanika Tekriwal of Jetsetgo is the youngest self-made woman. “Women-led wealth creation directly improves women’s employment, corresponding families, and society. Inclusion of women, who represent 50% of India’s population in the workforce or wealth creation, cuts across societal barriers,” said <keyword id="2672295" type="General" weightage="80" keywordseo="anas-rahman-junaid" source="Orion">Anas Rahman Junaid</keyword>, MD and chief researcher at <keyword id="3656834" type="General" weightage="50" keywordseo="hurun-india" source="Orion">Hurun India</keyword>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/5g-spectrum-auctions-big-money-is-in-but-no-bidding-war-yet/articleshow/93156289.cms">5G spectrum auctions: Big money is in but no bidding war yet</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/a-massive-data-breach-in-2020-impacted-3-4-million-paytm-usersheres-how-to-find-out-if-your-data-was-compromised/articleshow/93157246.cms">A massive data breach in 2020 impacted 3.4 million Paytm users – here’s how to find out if your data was compromised</a>

Nykaa’s Falguni Nayar overtakes Kiran Mazumdar Shaw as the richest self-made Indian woman

<ul><li><keyword id="175043" type="PERSON" weightage="20" keywordseo="charter-flights">Charter flights</keyword> and <keyword id="121140" type="PERSON" weightage="20" keywordseo="private-jets">private jets</keyword> come to the rescue of the rich even though they cost lakhs per hour. </li><li>Family reunions have been a major cause for the booking of charter flights.</li><li>Even companies that had the means to fly privately, but had previously eschewed it, are now looking at the option due to its safety, hygiene, and convenience factor. </li></ul>COVID-19 pandemic has changed everything. The way we live, eat, work, and even travel. While flying may have resumed gradually with India opening up routes both locally and with air bubbles internationally, the concerns around ‘safe travel’ remains. No more hustle and bustle at the airports or jostling in the queues at the check-in counter, and the only airport look that works right now is a PPE kit, complete with a mask and face shield. While travel until now was limited to emergencies and business purposes, India’s elite are looking at ways where they see minimal interaction with the crowds at the otherwise busy airports. And so, charter flights and private jets have come to the rescue of the rich even as they cost lakhs per hour. With the reopening of the economy, travel booking platforms are seeing a rise in demand for charter flights. “Earlier, we used to get 10-12 requests in a week, now that’s the number of requests we receive in a day. In the past one month, we have booked 15-20 international charter flights,” said Nishant Pitti, founder of EaseMyTrip. Similar spike in demand was seen at JetSetGo, an <keyword id="31907" type="COMPANY" weightage="20" keywordseo="Aviation">aviation</keyword> startup that specializes in bookings of helicopters and charter flights. While business has bounced back for them, its yet to reach pre-COVID levels. “Just before the lockdown was announced, the demand surge was nine-fold but we were only able to fulfil 50-60% due to various regulations which kept changing overnight within countries,” Kanika Tekriwal, CEO &amp; Founder, JetSetGo Aviation told Business Insider. Top route requests within India <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kolkata – Ahmedabad </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mumbai – Hyderabad </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mumbai – Kolkata </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Delhi – Pune </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vijayawada – Delhi </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kolkata – Ahmedabad </td></tr></tbody></table> Top international destination requests <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Delhi </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Thailand </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Singapore </td></tr></tbody></table> Price for charter flight booking <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aircraft </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Seating Capacity </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hourly booking cost </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">King Air B200 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6 pax </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">80,000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hawker 750 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8 pax </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2,50,000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hawker 850 XP </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8 pax </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2,50,000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Citation XLS </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8 pax </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2,50,000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Falcon 2000 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9 pax </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3,50,000 </td></tr></tbody></table>Source: JetSetGo While family reunions have been the major cause of booking for charter flights, Tekriwal also shared that people and companies that had the means to fly privately, but had previously eschewed it, are now looking at the option due to its safety, hygiene and convenience factor. In fact, corporates too are asking for group bookings. “Earlier, they used to ask for airline group codes, which we used to get and give the consumer but now their query is shifted to charter flights or booking full flights,” said Pitti. While leisure travel is slowly picking up, the big fat Indian weddings remain a source of business as families ensure that 'baraatis' are travelling safely. Pitti said that they have gotten requests for <keyword id="9896605" type="UNKNOWN" weightage="20" keywordseo="charter-flight-bookings">charter flight bookings</keyword> for weddings in Udaipur as well. The demand for these can soon go up as the special terminal for private jets at Indira Gandhi International Airport, Delhi is also <a href="https://www.hindustantimes.com/india-news/terminal-for-private-jets-at-igi-airport-ready-security-nod-awaited/story-NL5KaDmm6cpAvrDY98lMVI.html">reportedly </a>ready for use but is awaiting security approvals for operation. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/tata-consumer-is-now-the-third-most-valued-tata-company-after-tcs-and-titan-and-analysts-expect-more-premium-ahead/articleshow/77975339.cms">Tata Consumer is now the third most valued Tata company — and analysts expect more premium ahead</a> <a href="https://www.businessinsider.in/business/news/covid-19-and-the-changing-face-of-the-business-of-beauty-from-sanitized-salons-to-diy-kits-and-acquisitions/articleshow/77972919.cms">COVID-19 and the changing face of the business of beauty — from sanitized salons to DIY kits and acquisitions</a>

Where there's money, there's a way – charter flight bookings jump as India's wealthy seek private and safe travel

New Delhi, Mar 12 () Skies are cloudy for carriers in the current quarter as they navigate the coronavirus outbreak but the next three months might turn out to be better, according to two airline industry executives. Lower oil prices and possibility of a spurt in domestic passenger traffic due to international travel restrictions would benefit the domestic airline industry, they added. In the wake of the coronavirus outbreak, domestic carriers have reduced the number of international flights. On Wednesday, the government also decided to suspend tourist visas from March 13 till April 15. SpiceJet Chairman and Managing Director Ajay Singh on Thursday said the aviation sector is under a lot of pressure but this is temporary. "We have been here before. SpiceJet is far better placed than many others to weather this turbulence. I firmly believe that this is an opportunity for SpiceJet, for the government and the aviation ecosystem to create more efficient and viable structures for the growth that lies ahead. "SpiceJet will emerge even stronger from this," he said in a statement. Noting that the Indian aviation market, especially the domestic space, has immense potential, he said it would remain amongst the fastest growing in the world. Since there are travel restrictions till April 15, domestic air traffic might start increasing as the people who had planned their vacations abroad would look for domestic destinations, according to a senior airline industry official. As a spillover effect of international travel restrictions, the overall load factor and yield in the domestic sector might also go up, he noted. Generally, yield refers to money made by an airline on every seat occupied. "Some of the grounded capacity from the international will be redeployed in domestic routes...," he said, adding that airlines could see a better June quarter, especially on account of lower fuel prices. Another executive said there would not be any massive impact on SpiceJet as it has less international operations. Also, excess capacity in overseas routes can be deployed in the domestic sector and leases of aircraft taken for short term might not be renewed, the executive added. The fall in oil prices would also be a silver lining for the airline industry. Due to various factors, including the coronavirus outbreak, oil prices have been sailing south in recent days. On Thursday, brent crude oil futures declined over 5 per cent to USD 33.82 per barrel. Fuel cost accounts for around 40 per cent of an airline's operational expenses. There is a lot of scope for cutting costs, the executive said. A Vistara spokesperson said that business on some of its international and domestic routes has been impacted. "We are reviewing the situation everyday and remain nimble in our approach," the spokesperson added. Companies as well as individuals who choose charter services have started taking precautionary measures and are refraining from travel, JetSetGo Founder and CEO Kanika Tekriwal said. JetSetGo Aviation is an aircraft management company. "Due to coronavirus, in private aviation we definitely have increased requests for international flights where travel can't be avoided as passengers are willing to avoid the exposure that commercials might bring them. But at the same time we are also witnessing a decrease in travel altogether," she added. Shares of airlines took a beating on Thursday, with IndiGo tumbling over 11 per cent. On Wednesday, it said that quarterly earnings would be hit due to fall in daily bookings amid the coronavirus outbreak. SpiceJet dropped over 19 per cent. On March 9, the Airports Council International (ACI) said prolonged duration of the coronavirus outbreak could result in a revenue loss of USD 3 billion for airports in the Asia-Pacific region. Asia-Pacific is suffering the highest impact, with passenger traffic volumes down 24 per cent for the first quarter of the current year, compared to projected traffic levels without COVID-19, as per the ACI World estimates. ACI is a grouping of airports. It serves 668 members, operating 1,979 airports in 176 countries. The International Airport Transport Association (IATA), on March 5, projected that the airline industry could lose up to USD 113 billion in revenue this year due to the impact of the coronavirus outbreak. The grouping's previous analysis, issued in February, put the lost revenues at USD 29.3 billion. This was based on a scenario that would see the impact of COVID-19 largely being confined to markets associated with China. IAS RAM ABMABM

In times of coronavirus pandemic, airlines stare at uncertainty this quarter

In the inaugural list of top "promising young leaders and game changers" under the age of 30 in Asia from the prestigious <keyword id="6373044" type="CITY" weightage="100" keywordseo="Forbes">Forbes</keyword> magazine, <keyword id="487" type="PERSON" weightage="100" keywordseo="Sania-Mirza">Sania Mirza</keyword>, <keyword id="6354486" type="PERSON" weightage="100" keywordseo="Virat-Kohli">Virat Kohli</keyword> and <keyword id="30618" type="PERSON" weightage="100" keywordseo="Saina-Nehwal">Saina Nehwal</keyword> are leading the pack of over 50 Indians. 
 
The Forbes '30 under 30 Asia' list includes 300 "young and driven entrepreneurs and game-changers" from countries including India, Indonesia, China, Hong Kong, Singapore, Japan, Pakistan, Vietnam and Australia who are contributing to their industries in a significant way. 
 In this list, one would find 56 Indians, with Kohli, Mirza and Nehwal along with 26-year old Bollywood actress <keyword id="89958" type="PERSON" weightage="100" keywordseo="Shraddha-Kapoor">Shraddha Kapoor</keyword>. 
 
"At the top of India's crickculture is batting prince Kohli, who led India to clean sweep in their Twenty 20 series against Australia in January," Forbes said of Kohli. He was also named among India's highest earning celebrities in 2015, standing at USD 11.3 million. 
 
Talking of Mirza, Forbes said that she has been the "most successful female Indian tennis player ever" and one of the highest paid and highest profile athletes in the country. 
 
About Nehwal, Forbes described her as a "role model" and "Indian badminton queen". 
 
The list has a total of 10 categories, covering consumer technology, enterprise technology, arts, healthcare and science, media, social 
entrepreneurship, finance, industry and retail. 
 
Arunima Sinha, the first female and first Indian amputee to climb Mt Everest in 2013 and Chaitanya Tamhane, the writer and director of the critically acclaimed movie 'Court' also found place in the entertainment and sports category. 
 
Raghav Verma, the co-founder of Indian tea chain 'Chaayos', Mehul Agrawal, the cofounder of automotive e-commerce site 'Cars24' and online furniture store 'FabFurnish', Kanika Tekriwal, the cofounder of 'JetSetGo', Ritesh Agarwal, founder and CEO of 'OYO Rooms', Ankit Bhati, cofounder and CTO of 'Olacabs', Pooja Dhingra, owner and executive chef of 'Le15 Patisserie', photographer Vicky Roy, Advait and Akshat Gupt, cofounders of 'Supari Studios', Sattvik Mishra, CEO of 'ScoopWhoop Media', Manju Bhatia, joint Managing Director of 'Vasuli Recovery', Anshulika Dubey, cofounder and COO of 'Wishberry.in', Paras Chopra, founder and CEO of software company 'Wingify', Dinesh Goel, founder and CEO of 'AasaanJobs', Faith Gonsalves, founder of 'Integrated Development Education Association', Smriti Nagpal, the founder and CEO of 'Atulyakala', Chinmay Malaviya, cofounder and vice president of 'Foodpanda', Arun Chandru, cofounder and MD of 'Pandorum Technologies', Neha Sinha, cofounder and CEO of 'Epoch Elder Care' are the other names in the list. 
 
<a href="http://images.teamtalk.com/09/03/800x600/Sania-Mirza-Indian-Wells-2009_1997550.jpg">Image source</a>`

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