The Union government has withdrawn traffic rights allocated to Kingfisher Airlines under bilateral aviation pacts with other countries with immediate effect. The ministry has also cancelled the domestic slots allocated to the airline under these slots, Aviation Minister Ajit Singh said on February 25.
Author: admin (Infratructure Today)
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Cochin airport’s cargo volume up by 5%
Cochin International Airport's focus on non-perishable goods helped it to register a five per cent increase in the volume of cargo handled during the first nine months of the current fiscal. From April to December 2012, the airport handled 34,305 tonne of cargo, against 32,950 tonne in the same period a year ago.
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‘Asia-Pacific to lead demand for bigger, efficient planes’
According to latest forecast by Europe-based aircraft manufacturer Airbus, airliners from Asia Pacific region will surpass Europe and North America and lead the global demand for larger and more fuel efficient planes in the next 20 years. The companies are expected to take delivery of around 9,870 new passenger and cargo aircraft, including 3,840 widebody ones, valued at $1.6 trillion, it said, insisting the Asia-Pacific market is 'where the action will be' during the period.
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Kerala to benefit from air fare price war
Kerala would likely to be able to reap benefits from the ongoing price war between low-cost aviation companies. The newly proposed joint venture between AirAsia and Tata Group that would commence operations late this year would have destinations in the state in its itinerary.
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SBI lends Rs 62 bn to Visakhapatnam Steel Plant
Visakhapatnam Steel Plant borrowed Rs 6,200 crore from the State Bank of India (SBI) in order to finance its business expenditure. Speaking to reporters, Pratip Chaudhuri, Chairman of SBI said the bank's loan to the RINL “is the biggest contribution it is making to the industrial development of this
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Oil, defence ministries discuss clearance to 39 blocks
The Minister of State for Petroleum & Natural Gas PanabaakaLakshmi informed the Lok Sabha that as per the directives of Cabinet Committee on Investments (CCI), meetings are being held to resolve the issue of Ministryof Defence (MoD) placing restrictions on exploration and development activities in respect of 39 exploration blocks in offshore areas including Krishna-God
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Oil, defence ministries discuss clearance to 39 blocks
The Minister of State for Petroleum & Natural Gas PanabaakaLakshmi informed the Lok Sabha that as per the directives of Cabinet Committee on Investments (CCI), meetings are being held to resolve the issue of Ministryof Defence (MoD) placing restrictions on exploration and development activities in respect of 39 exploration blocks in offshore areas including Krishna-God
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BHEL agrees to set up MEMU manufacturing unit
Bharat Heavy Electricals (BHEL) signed a Memorandum of Understanding (MoU) with the Indian Railways to set up a Greenfield MEMU coaches manufacturing facility at Bhilwara in Rajasthan. Indian Railways introduced Main Line Electric Multiple Unit Trains, popularly known as MEMU trains, in the Year 1994-95, as a mode of rapid transit system, to cate
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Kochi metro project may be ready in 3 yrs if issues are addressed
India's metroman E Sreedharan says he expects work on the Kochi Metro rail project to be completed in three years if various issues like strikes, shortage of sand and labour problem are avoided. Sreedharan, who is the principal advisor to Delhi Metro Rail Corporation, said this while delivering the keynote address at a function at Kannur University. He said there would not be any problem if there was "social commitment", which is of utmost importance. "Proj
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Karnataka govt seeks nod for 11 rail projects
In a letter to Railways Minister PK Bansal, Karnataka Chief Minister Jagadish Shettar requested approval for 11 new railway projects for the state. He informed the minister that the state government has already conveyed its willingness to provide land free of cost and share the cost of construction of the projects on a 50:50 basis. These projects include Tumkur-Kunigal-Maddur; Tiptur-Dudda; Gada