The Indian aviation market has been witnessing significant growth in the last few years. Currently the ninth largest aviation market, handling 121 million domestic and 41 million international passengers,
Category: Aviation & Airports
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GMR bags its maiden railway project
A consortium led by GMR Infrastructure has won its maiden railway project. The Rs 267 crore projects involve construction of rail line doubling between Jhansi and Bhimsen stations in Uttar Pradesh. GMR is the lead member of the consortium with Tata Projects and Kalindee Rail Nirman as the partner for OHE and track works, S&T works respectively. The project is scheduled to commence from 2 April 2014.
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AERA abolishes UDF at Hyd Airport
The Airports Economic Regulatory Authority (AERA) abolished the user development fee (UDF) at the Hyderabad airport. AERA concluded the decision after considering various aspects of the airport´s operations, including the investments made by the airport operator, land allocation, traffic trends and earnings. As a result, the cost of flying at Rajiv Gandhi International Airport Hyderabad will be cheaper from 1 April 2014 till 31 March 2016 for both domestic and inter-¡national embarking passenger
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GMR completes divestment of GUEPL
The GMR Group has announced the successful completion of the divestment of its majority stake (74 per cent) in GMR Ulundurpet Expressways Private Limited (GUEPL) to India Infrastructure Fund (IIF). IIF has earlier emerged as the successful bidder in buying majority stake in GUEPL, which attracted strong interest from several major investors in India and abroad. GMR and IIF had signed a definitive agreement on 17 September 2013 and the transaction was concluded on 17 February 2014, upon receipt o
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Advanced airport roofing solutions
Tata BlueScope Building Products, a business division of Tata BlueScope Steel, caters to the infrastructure, industrial, commercial and solar segments with its LYSAGHT® range of roof and wall cladding profiles and structural products.
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Impressive airport structures
Chennai and Ahmedabad airports have used Tekla BIM 3D software during the modernisation of these projects.
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Kempe Gowda International Airport: Aerotropolis of the south
Until recently the fastest growing city in the continent, Bangalore now has an airport that is expanding at the fastest rate in the country. With a spanking new Terminal 1A, it now hopes to be the hub of choice for the south.
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2nd China Airport Development Summit 2014
The 2nd China Airport Development Summit 2014 will be held on 17th-18th, April in Shanghai, China. The summit organized by China Decision Makers Consultancy (CDMC Events). The summit gathers Government, Authorities, Airport Management Company, Airport Group, Information Technology System, Security System, Architectural Institute, Airport Construction Company, Consultant Company.
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GMR to sell Istanbul Airport stake
India´s GMR Group is to sell its 40 per cent stake in Istanbul´s Sabiha Gokcen International Airport for 200-250 million (approximately Rs 2,500 crore. For this, the GMR Infrastructure, India´s largest private airport developer, has entered into a definitive agreement with Turkey´s TAV Airports Holdings. For the transaction, now it needs the approval of its partners in the airport. In the Istanbul Airport, Malaysia Airports Holdings owns 20 per cent while Limak Holdings has 40 per cent stake.
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Govt likely to sell five AI planes to Etihad
The Union government is soon to decide on the sale of Air IndiaÂ’s five Boeing 777-200 Long Range airplanes to Etihad Airways. The Union Cabinet was scheduled to hold a meeting on December 26 in this regard.