For Indian aviation industry that has always been inherently vibrant, last week was unusually eventful for aviation. It began with the news that a sale of stake by Jet Airways, India's second-largest carrier by passengers carried, to Abu Dhabi's fast-growing airline, Etihad Airways, will be delayed.
Author: admin (Infratructure Today)
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Alliance Air to resume operations from Kochi on Mar 1
Air India's subsidiary Alliance Air will resume operations from Kochi to Agatti and back from March 1, 2013. The ATR aircraft will operate on Mondays, Tuesdays, Thursdays and Saturdays.
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New flight services started between Phuket and India
A new choice of airline services to Phuket has opened access to the Thai tropical island for holidaymakers throughout India. The choice includes daily Thai Airways' direct flights from Mumbai, Delhi, Varanasi, Gaya, Kolkata, Hyderabad, Bengaluru and Chennai to Bangkok with convenient transfers to short onward flights to Phuket.
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IIFCL works towards regular credit enhancement scheme
SK Goel, Chairman of India Infrastructure Finance Company (IIFCL) informed that the firm was working towards launching a regular credit enhancement scheme from April. According to the scheme, the financial institution would provide partial guarantee to bonds issued by infrastructure firms and this would improve the credit rati
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Posco expects to ready steel project in 5 years
Media reports quoted a senior executive of Posco India as saying that the company needs at least two years for fencing and land preparation for its proposed 8 mn tpa steel project and subsequently the first stage construction of the project needs three years. So, the company expects to begin production at the mega steel plant near Paradip in Odisha's Jagatsinghpur dist
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Cairn drills well in Rajasthan block to raise output
According to a company statement, Cairn India commenced drilling of the first exploration well, after a gap of more than four years, in the prolific Barmer Basin in its Rajasthan oil and gas block. The move to drill well follows the endorsement of the exploration Work Programme for the Rajasthan Block (RJ-ON-
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Railways to mop up Rs 2,000 cr via land leasing
By leasing out its land to build hotels, malls, warehouses and even residential complexes Indian Railways hopes to mop up about Rs 2,000 crore. Railway Minister Pawan Kumar Bansal announced that a target of Rs 1,000 crore each is proposed to be fixed for Rail Land Development Authority and IR Station Development Corporation in 2013-14.
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Railways fixes Rs 1,000 cr each for land, station wings
Union Railway Minister PK Bansal on February 26 proposed to fix a target of Rs 1,000 crore of earnings each for the Rail Land Development Authority (RLDA) and the Indian Railways Station Development Corporation (IRSDC) in 2013-14. The RLDA was set up by the Ministry in November 2006
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CII for speedy implementation of key railway projects
Confederation of Indian Industry (CII) has said that Government should take steps for speedy implementation of key railway projects such as the dedicated freight corridor, high-speed rail corridors and other capacity enhancement works to reduce supply chain costs.
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Power Finance Corp cuts renewables interest rates
Power Finance Corporation has reduced its interest rates for renewables projects by 50 basis points, equating to a 0.50 per cent cut. The State lender to electricity utilities claims to have approved Rs 23.13 billion ($430 million) for 611 mw of renewable capacity in the year ending March 2012. According to Bloomberg, the company has lent a total Rs 53.73 billion to wind, solar and hydro projects.