GVK Power and Infrastructure has announced that it has completed the stake sale in Bangalore International Airport Project (BIAL).
Category: Aviation & Airports
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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.
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Delhi Airport signs agreement with Airbus to develop first full flight simulator
Delhi International Airport (P) Ltd, a GMR led consortium, has announced that it has signed a land license agreement with Airbus for setting up IndiaÂ’s first full flight simulator at the Aerocity - Terminal District of Indira Gandhi International (IGI) Airport.
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Aviation to become part of multimodal logistics hubs
The aviation sector will now be a part of multimodal logistics hubs in India to promote holistic logistics solutions, Union Minister Nitin Gadkari has said.
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Rajahmundry airport gets green nod for runway extension
The Airports Authority of India (AAI) has received environment clearance for extension of runway at Rajahmundry airport in Andhra Pradesh, which is estimated to cost Rs 181.45 crore. The existing airport at Madhurapudi village is currently handling about 12 operations daily and the operating capacity is about 225 passengers an hour.
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Govt gets Rs 1.15 cr for regional air connectivity fund
The government has garnered more than Rs 1.15 crore towards funds for the regional air connectivity scheme, Civil Aviation Minister Ashok Gajapathi Raju has said.
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Indian air traffic grows at highest rate in the world in January | IATA
India beat all global markets in terms of domestic air traffic growth during the month of January, according to the International Air Transport Association, a global lobbying body.
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Delhi Airport second best among worldÂ’s biggest airports
GMR Group-led Delhi International Airport has announced that Indira Gandhi International Airport (IGIA) has become the world’s second-best airport in the largest airport category — with passenger capacity of over 40 million passengers per annum (MPPA) — as per the Airports Council International (ACI) ASQ 2016 rankings.
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Cabinet approves development of 50 un-served and under-served airstrips
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the proposal for revival of 50 un-served/under-served airports/airstrips of the state governments, Airports Authority of India (AAI) and civil enclaves in three financial years starting from 2017-18.
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Air India to raise over Rs 3,000 crore for purchasing Boeing aircraft
Air India is looking to raise short-term loans worth over Rs 3,000 crore to partly fund the acquisition of four Boeing 787 planes. It plans to induct these four aircraft — part of the 27 aircraft order placed with Boeing Inc in 2006 — between July and October this year.