Prem Watsa-backed Fairfax has bought a 33 per cent stake in Bangalore International Airport for Rs.2,149 crore from GVK Power and Infrastructure, which is selling assets to pare debt. Canadian billionaire Watsa controls travel operator Thomas Cook and will become the largest shareholder in BIAL, India's first newly built PPP international airport.
Category: Aviation & Airports
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Airlines should avail opps: Mukund Rajan, Vistara
With the Civil Aviation Ministry set to finalise the aviation policy soon, which will also decide the fate of the norms for international operations by domestic airlines, Tata Sons said the industry should avail opportunities rather than discuss rules. 'I would say let us all move on..
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New civil aviation policy may be out in April: Civil Aviation Minister
Union Civil Aviation Minister Ashok Gajapathi Raju said late March the new National Civil Aviation Policy is likely to be out in April. 'We are working on the policy which is likely to be out next month.
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No parallel extension, IGI plans fourth runway
Delhi International Airport Private Ltd (DIAL) has decided not to straighten the smallest runway 27, closest to the Dwarka side, that would have made it parallel to the main runway 28 and the third airstrip 29.
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Ministry wants Pune Airport land to be allotted fast
After clearing the hurdles in building new airports in Mumbai and Goa, the civil aviation ministry has now turned its focus on Pune airport.
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Pawan Hans to tie up with Airbus for helicopter MRO
Pawan Hans will tie up with Airbus to develop a MRO unit at its Juhu base. 'We are in discussions with Airbus.
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India plans to invest $120 billion in airport infrastructure: President
India is planning to invest over $120 billion in the development of airport infrastructure and aviation navigation services over the next decade, said President Pranab Mukherjee
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Cess to boost regional flights may push up air fares
A cess of Rs.8,000 on each domestic flight could be the alternative to the aviation ministry's proposed 2 per cent surcharge on flight tickets to fund regional connectivity.
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AI’s Dreamliner woes continue
Air India's Dreamliner woes continued with a technical problem forcing the carrier to ground another one of its planes in Paris in late March. Meanwhile, the US aircraft maker is planning to advance deliveries of the remaining six aircraft by a few months.
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AAI ranked among the best: ACI
It´s not just India that is drawing the attention of the world but India´s airports are also ranked among the best globally.