Category: Aviation & Airports

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GMR to sell stake in Istanbul Airport for Rs 2,500 cr

GMR to sell stake in Istanbul Airport for Rs 2,500 cr

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.

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GMR to sell stake in Istanbul Airport for Rs 2,500 cr

GMR to sell stake in Istanbul Airport for Rs 2,500 cr

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.

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Govt keen on growth of civil aviation sector

Govt keen on growth of civil aviation sector

Union Minister of State for Civil Aviation, KC Venugopal told the Rajya Sabha on December 10 that the government has constantly been responding to changing scenario and undertaking sector-specific measures to facilitate and enable growth of the civil aviation sector.

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Govt keen on growth of civil aviation sector

Govt keen on growth of civil aviation sector

Union Minister of State for Civil Aviation, KC Venugopal told the Rajya Sabha on December 10 that the government has constantly been responding to changing scenario and undertaking sector-specific measures to facilitate and enable growth of the civil aviation sector.

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Kerala govt okays Rs 133 cr for Kannur airport

Kerala govt okays Rs 133 cr for Kannur airport

A financial action plan of Rs 133 crore for the Kannur airport has been approved by the Kerala State Cabinet. The State Chief Minister Oommen Chandy said that the amount is being sanctioned to bridge the viability gap as there will be delay in getting loans from banks.

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Kerala govt okays Rs 133 cr for Kannur airport

Kerala govt okays Rs 133 cr for Kannur airport

A financial action plan of Rs 133 crore for the Kannur airport has been approved by the Kerala State Cabinet. The State Chief Minister Oommen Chandy said that the amount is being sanctioned to bridge the viability gap as there will be delay in getting loans from banks.

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India to become 3rd biggest aviation market by 2020

India to become 3rd biggest aviation market by 2020

Union Minister of Civil Aviation Ajit Singh on December 2 said that India is readying to become the third biggest aviation market in the world by 2020. As per the growth projections, the air passenger traffic is estimated to double by 2019-20, the Minister hoped.

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India to become 3rd biggest aviation market by 2020

India to become 3rd biggest aviation market by 2020

Union Minister of Civil Aviation Ajit Singh on December 2 said that India is readying to become the third biggest aviation market in the world by 2020. As per the growth projections, the air passenger traffic is estimated to double by 2019-20, the Minister hoped.