GMR Infrastructure has received Rs 1,740 crore towards divestment of 40 per cent stake in Istanbul Sabiha Gokcen International Airport in favour of Malaysia Airport Holdings Berhad.
Category: Aviation & Airports
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Tata to bid for Navi Mumbai airport
Tata Realty and Infrastructure is preparing a possible joint venture with Heathrow Airport's biggest shareholder, Ferrovial SA of Spain, to bid for the Navi Mumbai airport project. Ferrovial SA is one of the worlIf approved,
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GMR to build airport in Philippines
GMR Infrastructure has made an upfront payment of 14.4 billion Philippine pesos (about $320 m) and signed the concession agreement to develop and operate the Mactan Cebu International Airport in the Philippines.
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MPRDC plans airport development in Singrauli
MP Road Development Corporation (MPRDC) plans to undertake development of airport and city side facilities in Singrauli District, Madhya Pradesh.
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UDAAN Art Festival
The UDAAN Art Festival got off to a rollicking start on 21 March 2014 at the Airports Authority of India Officers Institute (AAIOI) near Safdarjung Airport. The art festival was inaugurated by Alok Sinha, Chairman, AAI in the gracious presence of renowned artist Renuka Sondhi Gulati, senior photographer RK Paul, Director, PSA Membership: Indian Sub-Continent (Bangladesh/India/Sri Lanka).
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Changi wins best airport award
Changi Airport in Singapore has been voted the World's Best Airport by air travellers for the second year in a row at the 2014 World Airport Awards, held at Passenger Terminal Expo in Barcelona, Spain. Changi Airport enjoyed double success at the awards, also receiving the award as Best Airport for Leisure Amenities. The vast array of leisure and entertainment facilities is a unique, stand-out feature for Changi Airport
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AP to focus on non-hub airports
The Andhra Pradesh civil aviation policy will focus on developing non-hub airports in the region. The aims is to build new investment regions and give a fillip to tourism sector. Addressing the gathering at the inaugural event of the five-day India Aviation 2014 at Hyderabad recently, Andhra Pradesh Governor ESL Narasimhan has said that the state boasts of the country's first aerospace SEZ located within 15-km of the Rajiv Gandhi International Airport at Shamshabad.
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Privatisation of airports on hold till elections
The Ministry of Civil Aviation will take up the privatisation of six major airports only after the elections, according to a top official in the ministry. A parliamentary panel had opposed the government's decision of privatising six airports in Kolkata, Chennai, Lucknow, Jaipur, Ahmedabad and Guwahati. The government had decided to allow private parties to pick up 100 per cent equity stake in operation and management of these airports.
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GMR to bid for all six airports
GMR Group plans to bid aggressively for all the six airports that the government will privatise. The company does not intend to tie up with any player as it is eligible to bid alone this time.
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GHIAL bags FICCI 2012-13 award
GMR Hyderabad International Airport (GHIAL)has bagged 'FICCI CSR Award-2012-13', for its corporate social responsibility (CSR) initiatives. The award was from FICCI Aditya Birla CSR Centre for Excellence under the winner category in private sector companies.