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.
Category: Aviation & Airports
Post
Post
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.
Post
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).
Post
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
Post
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.
Post
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.
Post
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.
Post
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.
Post
Airport to attract $12.1 bn investment
Union Civil Aviation Minister Ajit Singh said the Indian airport sector is likely to attract $12.1 billion worth of investment during the 12th Plan period. Out of this, the minister expects around $9.3 billion from the private sector.
Post
GE Aviation ties up with AAI
Global aircraft engine supplier GE Aviation is collaborating with Airports Authority of India (AAI) to improve airspace efficiency in Bangalore, Mangalore and Guwahati airports. The collaboration comes through a US Trade and Development Agency grant,