The City and Industrial and Development Corporation (CIDCO) has extended the deadline for submission of Navi Mumbai airport project bids by a fortnight after it attracted only one bidder — GVK group. GVK will also have an opportunity to revise its offer if it so wishes.
Category: Aviation & Airports
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Air IndiaÂ’s operational losses down 70percent to Rs 161 crore
IndiaÂ’s national carrier has continued to improve its financial performance, reducing operational losses by 70 per cent to Rs 161 crore for the first nine months of the current fiscal year, aided by higher ancillary revenues and higher contribution from subsidiaries.
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Kochi airport posts 17.8percent growth in passenger traffic
Cochin International Airport Ltd (CIAL) has registered 17.8 per cent growth in overall passenger traffic in 2016 compared with the previous calendar year. The cargo traffic growth during the period was nearly 16 per cent.
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GST, demonetisation may hit aviation sector
The GST which is expected to be rolled out in 2017 and the on-going demonetisation drive could impact the growth prospects of the domestic aviation industry in the next fiscal, the Centre for Asia Pacific Aviation (CAPA) has warned.
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Minister unveils airport at Bhatinda
Union Civil Aviation Minister Ashok Gajapati Raju and Minister of State for Finance Jayant Sinha have inaugurated the first ever airport in Bathinda at Virk Kalan village.
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Navi Mumbai airport bids to be opened in January 2017
The initial bids for development of the Navi Mumbai international airport are likely to be opened early next month, with leading players, including GMR and GVK expected to be in the fray.
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Aviation Minister unveils airport at Bhatinda
Union Civil Aviation Minister Ashok Gajapati Raju and Minister of State for Finance Jayant Sinha have inaugurated the first ever airport in Bathinda at Virk Kalan village. Boarding the first flight from Delhi to Bhatinda, Gajapati Raju, Sinha and Food Processing Minister Harsimrat Kaur Badal were among the dignitaries who landed here.
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UDAN to promote regional connectivity
The Ministry of Civil Aviation (MoCA) launched the Regional Connectivity Scheme (RCS)-UDAN in October 2016, to promote regional air connectivity in the country including the North-Eastern region and creating additional infrastructure by revival of un-served and under-served airports/airstrips.
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Number of airports set to double in 2-3 years | Minister
The Centre plans to double the number of airports in the country over the next two to three years to serve the largely untapped domestic aviation industry which has seen an increase in passengers, Minister of State for Civil Aviation, Jayant Sinha has said.
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Air India posts Rs.246 crore loss in April-June quarter
Air India has reported an operational loss of Rs.246.14 crore in the three months ended June 2016. The airline had turned operationally profitable in the previous fiscal. The operating loss in the first quarter of this fiscal has come down from Rs.315.37 crore in the year-ago period.