GMR Infrastructure Ltd has said that an international tribunal had ruled the Maldives government should pay it $270 million in compensation for cancelling a contract to modernise and run the archipelago´s main airport.
Category: Aviation & Airports
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Air India taps LIC for Rs.10,000-cr loan
Air India is in talks with Life Insurance Corporation of India for a loan of up to Rs.10,000 crore to help finance the acquisition of six Boeing 787 and three 777 aircraft.
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Airports Authority of India launches a cargo subsidiary
State-owned airports operator Airports Authority of India (AAI) has launched a cargo subsidiary.
The company, to be called AAI Cargo logistics and Allied Services Company Ltd, will be 100 per cent owned by AAI. It will have an equity base of Rs 20 crore and staff strength of 60 people to begin with.
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GMR Airports to develop GoaÂ’s greenfield Mopa airport
GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited, has won the international competitive bid for development and operation of Mopa Greenfield Airport in north Goa. The concession period for the greenfield project will be 40 years with a possible extension of another 20 years through a bid process. The airport will be built under the BOT (Build-Operate-Transfer) model.
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DGCA considering Wi-Fi in flights
The civil aviation regulator DGCA is examining a proposal to introduce Wi-Fi service onboard flights to adequately address all the related issues, Union Minister Jayant Sinha has said.
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Trials begin for new traffic plan at Chennai airport
Trials have started for a new traffic plan at the Chennai airport that will significantly improve vehicle movements when implemented, reports Business Line. This new plan, which involves putting to use the newly constructed centre ramp, is likely to be open in two months.
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PwC is transaction advisor for Dholera airport
PricewaterhouseCoopers Pvt Ltd, in consortium with Airport Planners and Design Consulting Pvt Ltd, and SPA Legal, was roped in by the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) as transaction advisors for the greenfield Dholera airport in Gujarat, a report in Business Standard states.
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22 airports to get connected under connectivity scheme
The Airports Authority of India (AAI) Chairman G P Mohapatra has told media persons that 22 airports will get connected under the regional connectivity scheme, under the first phase.
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National Civil Aviation Policy to boost tourism
Ashok Gajapathi Raju Pusapati, Minister of Civil Aviation, has said that the government has taken a number of initiatives to make tourism affordable and accessible to the international traveller.
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Committee on greenfield airports clears four projects
The Steering Committee on Greenfield airports headed by Secretary, Civil Aviation has considered four new airport projects. The Committee recommended ‘in-principle’ approval to three projects in Andhra Pradesh, viz., Bhogapuram, Dagadarthi (Nellore) and Orvakallu (Kurnool).