Germany´s Fraport is looking to sell its entire stake in DIAL, a joint venture operating the IG International Airport in the national capital.
Category: Aviation & Airports
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GVK reaches out to JSW Group for stake sale: Reports
The Reddy´s, founder promoters of GVK, have reached out to JSW Group with an offer to sell their controlling stakes in their crown jewels - the two airports in Mumbai and Bangalore.
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Include Surat under policy, demands MP
A member of the consultative committee for Ministry of Civil Aviation and Navsari MP, CR Paatil, has sought inclusion of Surat airport under the National Civil Aviation policy to cap fares at Rs.2,500 per passenger for a one-hour flight.
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DGCA likely to issue guidelines on block hours
Aviation regulator DGCA is likely to come out with fresh guidelines on block hours, a yardstick for on-time performance, to remove disparity among airlines. Block hours refer to the moment a commercial aircraft leaves the departure gate until it lands and reaches the arrival gate, or till its engines are working.
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Aviation policy to focus on regional connectivity: Pres
The government is working on a new civil aviation policy which seeks to provide connectivity to the smaller cities even as domestic air traffic has been on a growth path the last year, President Pranab Mukherjee said
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Ex-civil aviation Min defends 5/20
Former Civil Aviation Minister Praful Patel, under whose watch the Civil Aviation Ministry had framed the 5/20 rule, has strongly defended the regulation that insists that Indian airline companies must operate within the country for five years and have a fleet of at least 20 aircraft before they fly on the more lucrative international routes.
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Kannur airport to be operational in Sept
The upcoming Kannur International airport will commence commercial operations in September. The DGCA has given clearance and a defence aircraft is to touch down on February 29, Ports and Excise Minister K Babu told reporters. ´
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Mattannur town on the verge of development
Mattannur, a grade-3 municipality in Kannur district, located 25 km east of the district headquarters, is looking forward to a major facelift in the coming years, as it is located close to the Kannur International Airport project site.
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Metro tunnelling work zooming ahead
Chennai Metro Rail authorities are in the process of making the stretch between Tirumangalam and Nehru Park, Egmore, operational by October.
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To boost revenue, airport Metro to carry cargo
After slashing fares to bring in more commuters, the Delhi Metro Rail Corporation is trying other ways of increasing revenue on the Airport line. From March 1, DMRC will start cargo services on the Airport Express line on an experimental basis.