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By:

Quaid Najmi

4 January 2025 at 3:26:24 pm

AI’s Maharaja smiles joyfully

All 30 grounded aircrafts now fly Mumbai : Air India’s Maharaja is all pleased as punch at 80. After years of huge costs and efforts, the last of the grounded 30 aircraft – inherited by the Tata Group during the privatization in Jan. 2022 – is now resurrected fully and took to the skies gracefully on Monday.   The aircraft is the gleaming VT-ALL, a Boeing 777-300ER, that was gathering grime since February 2020, and becomes the final among the two-and-half dozen aircraft that have been revved...

AI’s Maharaja smiles joyfully

All 30 grounded aircrafts now fly Mumbai : Air India’s Maharaja is all pleased as punch at 80. After years of huge costs and efforts, the last of the grounded 30 aircraft – inherited by the Tata Group during the privatization in Jan. 2022 – is now resurrected fully and took to the skies gracefully on Monday.   The aircraft is the gleaming VT-ALL, a Boeing 777-300ER, that was gathering grime since February 2020, and becomes the final among the two-and-half dozen aircraft that have been revved up and revived in the past few years, AI official sources said.   It marked a symbolic milestone for Air India itself - founded in 1932 by the legendary Bharat Ratna J. R. R. Tata - which once ruled the roost and was India’s pride in the global skies.   Once renowned for its royal service with the iconic Maharaja welcoming fliers on board, in 1953 it was taken over by the government of India. After years of piling losses, ageing aircraft, decline in operations and standards – almost like a Maharaja turning a pauper - it returned to the Tata Group four years ago.   This time it was not just the aircraft, the brand and the deflated Maharaja coming into the large-hearted Tata Group stables, but a formidable challenge to ensure that the airline could regain its old glory and glitter. Of the total around 190 aircraft in its fleet were 30 – or 15 pc – that had been grounded and neglected for years.   At that time, the late Ratan N. Tata had directed that all these valuable aircraft must be revived as far as possible and join the fleet. Accordingly, the VT-ALL, languishing at Nagpur for nearly five years, was ‘hospitalized’ at the Air India Engineering Service Ltd., its MRO facility in May 2025.   New Avatar Then started a thorough, painstaking nose-to-tail restoration of an unprecedented scale, in which over 3000 critical components were replaced, over 4,000 maintenance tasks executed, besides key structural upgrades like the longeron modification, engines, auxiliary power units, avionics, hydraulics, landing gears and almost every vital system was rebuilt or replaced.   After the repairs, the old aircraft was reborn, under the gaze of the Directorate General of Civil Aviation and technical assistance from Boeing, and the new ‘avatar’ jetliner emerged with the highest global safety standards.   The aircraft cleared all the rigorous checks, a successful test flight, earned the mandatory Airworthiness Review Certificate and then made its maiden commercial flight from Monday, March 16 – after a wait of six years.   Sturdy Fliers Created in 1946 to become an instant global icon, the Air India’s mascot Maharaja now sports a youthful and chic look, a welcome with folded hands, closed eyes, featuring a bejewelled turban, stylish jootis, and a textured kurta in Air India’s new colours. He is prominently visible at various touch-points in a flyer’s journey, such as First Class, exclusive lounges, and luxury products.   Today, he commands a mix fleet of around 190 narrow and wide-body Airbus and Boeing aircraft like : A319, A320, A320neo, A321, A321neo, A350-900 and B787-8, B787-9, B7770200LR, B-777-300ER. With the merger of Vistara and agreements signed for 10 A350 and 90 A320 aircraft, the Maharaja’s fleet is slated to soar to some 570 in the near future.

Focus on Personal Budget

Every year on 1st February, the Union Budget captures the nation’s attention. From revised tax policies to increased spending in various sectors, people eagerly analyze every announcement, hoping for immediate benefits. While the national budget undeniably affects the broader economy, it's time to ask: are we giving it too much importance in our personal financial planning?


Focusing solely on the Union Budget can pull us away from what truly matters - managing our own finances effectively. Rather than getting caught up in macroeconomic changes, why not direct your energy toward the "micros" of your financial life? Creating a personal budget ensures you're in control of your money, managing it wisely, and directing it where it should go, rather than constantly wondering where it went.


Build Skills, Boost Income

While many turn to the Union Budget for economic relief, a more effective long-term strategy is focusing on increasing your own income. By upgrading your skills, learning to sell, building new things, and networking better, you create opportunities to enhance your earnings. While government policies can influence economic growth, personal growth is a far more powerful tool for creating financial stability.


Saving and Investing Smartly

A key principle of financial stability is maintaining a healthy savings rate. However, saving alone isn't enough. You need to invest your savings wisely. Smart asset allocation is essential for ensuring your money grows and beats inflation over the long term. Consider allocating the majority of your savings to inflation-beating assets such as direct stocks, equity mutual funds, and gold. These investments have historically offered better returns than inflation and can help build lasting wealth.


Protect Your Savings

Just as important as growing your savings is protecting them from unforeseen events. Health insurance is crucial in safeguarding your finances against unexpected medical expenses, which can quickly erode savings. Similarly, securing your family’s future with term life insurance protects their financial goals, ensuring they remain on track even in your absence.


Consult a Financial Advisor

Managing personal finances can feel overwhelming, but consulting a well-qualified, full-time financial advisor can make a significant difference. A skilled advisor brings education, wisdom, experience and expertise to the table, helping you craft a tailored financial plan and personal budget that meet your goals while providing a solid safety net.


As we head into 2026, it’s time to shift our focus away from the Union Budget and towards our own financial success. By enhancing our skills, increasing our savings, investing wisely, and protecting our wealth, we can take charge of our financial futures - regardless of government policy changes.


Ultimately, a well-structured personal budget is the real key to financial independence and lasting peace of mind.


(The author is a Chartered Accountant and CFA (USA). Financial Advisor.  He could be reached on 9833133605. Views personal.)

 

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