Aviation rebound to sustain as vax drive keeps pace says Boeing India (IANS Special)

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By Rohit Vaid
New Delhi, Nov 26 |
Easing travel hesitancy along with a notable reduction in Covid infection rate and an accelerated vaccination drive will sustain the healthy rebound in Indias aviation sector, said aerospace major Boeing India.

Besides, easing restrictions as well as trends like ‘revenge travel’ are expected to boost air passenger numbers.

Notably, the trend shows a gradual conversion of the pent-up demand into a more sustainable growth pattern for the industry.

“We are seeing a recovery in domestic traffic numbers which are now at similar levels of those in 2019,” Boeing India President Salil Gupte said.

“Increase in vaccination penetration will first boost the domestic traffic which is currently leading the recovery.”

Accordingly, the positive effects of the fast paced vaccination drive will eventually lead up to the opening of the international sector.

“There are places which have achieved 70 per cent or more vaccinations for people above 12 years, whereas there are many other places which have relatively lower rates.”

“As and when the vaccination penetration increases, the international segment will subsequently open-up and come to a near normal level of operations.”

Furthermore, he said that India remains one of the most important global markets for the company.

As per the latest annual India Commercial Market Outlook (CMO), Boeing predicted strong aviation growth in India due to the country’s growing economy and an expanding middle class, fueling demand for more than 2,200 new jets valued at nearly $320 billion over the next 20 years.

On the reinstatement of the company’s 737 MAX aircraft in SpiceJet’s fleet, Gupte said that the plane has gone in for extensive safety checks and software updates.

“We have over 225 orders for the 737 MAX aircraft in India out of which 13 have been delivered. The aircraft is a game changer for the Indian market as it consumes 20 per cent less fuel than the previous generation aircraft but provides greater range.”

“The 737 MAX offers the best solution. It provides longer range and better fuel efficiency.”

(Rohit Vaid can be contacted at rohit.v@ians.in)

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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