CRISIL Ratings estimates that airports in New Delhi, Mumbai, Hyderabad and Bengaluru, which cater to nearly 55 per cent of IndiaÂ’s air traffic, and which are operating near-full capacity, will need to spend heavily on expansion through 2021.
Category: Aviation & Airports
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India rises two spots, is 4th largest aviation market now
India's record breaking aviation growth continues unabated. The International Air Transport Association (IATA) has said that the country saw the fourth highest number of passengers taking off in 2016, up two places from the previous year, overtaking the UK and Brazil.
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India sees good domestic aviation growth in Feb | IATA
India topped the global charts in domestic air passenger growth for the 23rd straight month in February, helped by strong demand and increased load factor, IATA has said. In February, the countryÂ’s growth in revenue passenger kilometres (RPK) stood at 17 per cent.
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New Rs 1,000-cr terminal to come up at Guwahati airport
Assam Industry Minister, Chandra Mohan Patwary has said that the Union Civil Aviation Ministry is planning to pump in Rs 1,000 crore for creation of a new passenger and cargo terminal at Guwahati airport.
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AAI wins ‘India Pride Award’ for infrastructure development
The Airports Authority of India has won Dainik Bhaskar's ‘India Pride Awards—2016-17’ for ‘Excellence in Infrastructure Development’ in the category of Public Sector Undertaking - Central.
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Air India to post operating profit of Rs 300 crore this financial year
Air India is projected to post an operating profit of Rs 300 crore in the current fiscal and there is no plan to privatise the airline, the government has confirmed.
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Rajasthan signs MoU for expansion of Jodhpur airport
A Memorandum of Understanding (MoU) has been signed between the Rajasthan government and other stakeholders for transferring 37 acres of land for development and expansion of the civil airport in Jodhpur.
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Toshiba to Supply Taiwan with WorldÂ’s Largest ClassS-BandWeather Radar System
Toshiba Corporation has announced that it will contribute to better understanding of weather conditions in Taiwan by providing the Taiwan Central Weather Bureau with an S-band weather radar system with an antenna in the worldÂ’s largest class, for installation in Chigu district, Tainan city.
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GVK completes Rs 2,200-cr stake sale in Bangalore International Airport Project
GVK Power and Infrastructure has announced that it has completed the stake sale in Bangalore International Airport Project (BIAL).
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No modalities yet on 100percent FDI in aviation | Minister
The government has said it still has to work out the modalities of any policy to allow 100 per cent FDI in domestic airlines. “We have not initiated any talks with anyone. What the government said is it will invite 100 per cent foreign direct investment (FDI) in aviation.