Air India CMD Rohit Nandan has stated that despite an unexpected increase in aviation fuel cost and wild fluctuation of rupee against the dollar, the national carrier is hopeful of meeting its financial targets in the second quarter of this fiscal. The company has managed to bring its losses down to about Rs 11 crore per day from around Rs 50 crore per day, he added.
Category: Aviation & Airports
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GMR divests majority stake in GUEL to India Infrastructure Fund of IDFC
In line with GMR Group's Asset Right and Asset Light Strategy, GMR Highways Ltd has signed a definitive agreement with India Infrastructure Fund (IIF) to divest 74% stake in GMR Ulundurpet Expressways Private Limited ('GUEL').
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Mumbai to have first branch of Bharatiya Mahila Bank
Mumbai's Nariman Point, the city's premier business district, is to have India's first bank exclusively for women by next November. It is called Bharatiya Mahila Bank and is going to be opened in the iconic Air India building in the area. The first branch of the bank will be in a 5,000 sq ft space in the building.
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AAIs best CSR practice
Airports Authority of India (AAI) bagged the '3rd Asia's Best CSR Practice Award' under the category Developing Sustainable Strategies for the year 2013. The award was received by Manoj Kumar, AGM (HR), AAI, in an inspiring event held in Singapore.
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Workshop on safe workplace
A two-day workshop on "How to make the Workplace - Positive, Healthy, Ethical and Safe" was conducted by Airports Authority of India (AAI) recently at Indian Aviation Academy, New Delhi.
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Chennai, Kolkata airports for pvt operation
The Union Government is to give away Kolkata, Chennai and four other airports to private players on an 'Operate, Maintain and Transfer (OMT)' basis for a period of 7-10 years.
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Radar facility at Cochin airport
For its better performance, the Cochin International Airport in Kerala will be equipped with a radar system costing Rs 30 crore and it will become operational soon. The Airport Authority of India (AAI) is conducting final tests and the nod from the Director General of Civil Aviation for commissioning the system is now awaited.
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Hubli airport gets cargo service facility
After a long wait, Hubli airport has now got the cargo service facility. Traders and the general public can easily export various commodities through the new facility. After much discussion and studying the feasibility, the Airports Authority of India (AAI) has recently given its approval for the cargo service.
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Kannur airport by 2015
The Kerala government is striving to operationalise the Kannur international airport by December 2015. Kerala Minister for Excise and Ports K Babu said that the third phase of land acquisition process for the proposed international airport in Kannur has begun.
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Port Blair Airport terminal
The Union Minister of State for Civil Aviation KC Venugopal said that the projected date of completion of new terminal building of Veer Savarkar International Airport at Port Blair is December 2017 and is scheduled for commissioning by March 2018.