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.
Category: Aviation & Airports
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AAI may develop aircraft park at Raipur airport
The Airports Authority of India (AAI) will soon take up work for expansion of apron at the Swami Vivekananda Airport in Raipur to enable parking of more aircraft, according to official sources quoted in a report.
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New international airport at Purandar
The initial cost for the proposed Chhatrapati Sambhajiraje Pune International Airport at Purandar is expected to be approximately Rs.2,000 crore, Vishwas Patil, managing director of the Maharashtra Airport Development Company (MADC), told the media
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Number of airports to double in 2-3 years
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 operating 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.
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Demonetisation hits aviation sector
Domestic airlines have reported a 7-10 per cent drop in overall sales after the governmentÂ’s demonetisation move, according to a few news reports. Many travellers planning to travel during the peak winter season have apparently decided to postpone their travel plans.
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Govt, AAI ink deal for Patna airport revamp
The Airports Authority of India (AAI) and the Bihar government have agreed in principle on exchanging 13.5 acres of land for expansion of PatnaÂ’s Jayaprakash Narayan International Airport terminal building. AAI will spend Rs 850 crore on the new two-storey building with aerobridges.
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New Integrated Terminal Building Inaugurated At Vadodara Airport
The New Integrated Terminal Building at Vadodara Airport was dedicated to the nation by Shri Narendra Modi, HonÆble Prime Minister of India at Vadodara Airport on 22nd October, 2016. The inauguration took place in the august presence of Shri OP Kohli
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GMR Airports to develop Goa´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.
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India to become 3rd biggest aviation market by 2026: IATA
India will displace the United Kingdom to become the world-Æs third largest aviation market by 2026