Despite a raft of policy facilitations, domestic airlines are flying into two major headwinds – crippling infrastructure constraints at major airports, and an uptick in fuel prices – which could mean growth in domestic air passenger traffic may have peaked out for the medium term.
Category: Aviation & Airports
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Capacit’e Infraprojects bags project worth Rs 825 crore
Capacit'e Infraprojects Ltd, has bagged a contract worth Rs 825.01 crore (excluding GST), from Arihant Abode Ltd, a subsidiary of Arihant Superstructures Ltd, for affordable housing project christened “Arihant Aspire” situated at Panvel, Maharashtra, in proximity to the proposed Navi Mumbai International Airport. The scope includes construction of civil & structural, finishing & MEP works to be executed in phases for 8 residential buildings of 42 floors each.
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Accommodating the Boom
The air travel boom in India has thrown up a new set of challenges before the country's aviation sector. The airport infrastructure needs to be ramped up on priority for the growth momentum to be sustained in the long term.
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Indian airports facing severe capacity crunch
Amber Dubey, Partner and India Head of Aerospace & Defence, KPMG feels that a tough relook is required at the Land Acquisition, Rehabilitation and Resettlement (LARR) Act, 2013, as it has made land acquisition for public infrastructure projects such as airports impossible.
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GVK receives LoA for Navi Mumbai airport
The GVK-led Mumbai International Airport (P) Ltd (MIAL) was handed over the Letter of Award (LoA) from CIDCO, the nodal agency of the Government of Maharashtra for the Navi Mumbai International Airport.
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GVK receives LOA for the Navi Mumbai Airport Project
The GVK led Mumbai International Airport (P) Ltd., (MIAL) was handed over the Letter of Award (LOA) today from CIDCO, the nodal agency of the Government of Maharashtra for the Navi Mumbai International Airport.
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Looking Beyond Airports
Aviation infrastructure is top priority for India, which is currently aiming to become the third largest aviation market in the world by 2020 and the largest by 2030. Hence there is a need to develop airports that are modern and efficient to facilitate easier movement of travellers.
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GVK completes stake sale in Bangalore Airport
GVK Power and Infrastructure Ltd has announced the successful completion of the sale of its residual stake of 10 per cent in Bangalore International Airport Ltd (BIAL), held through its subsidiary, Bangalore Airport Infrastructure Developers Pvt Ltd (BAIDPL) to Fairfax India Holdings Corporation for a consideration of Rs 1,290 crore.
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Aviation Ministry mulls role for private players in building airports
The Aviation Ministry is considering auctions for its future airport contracts to private operators after setting fixed tariffs. This move may enhance the number of potentially serious bidders and shield passengers against arbitrary increases in user fees.
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Bengaluru Airport gets green certification for curbing emissions
Bangalore International Airport Limited (BIAL) has been accredited by the Airports Council International, with ‘Level-3 plus Neutrality’ certification under the Airport Carbon Accreditation.