In a recent decision, the aviation ministry has decided to privatise 15 airports in the country. The process will kick off with six airports and Ahmedabad is one of them. When the Ahmedabad airport is privatised, air passenger will have to be ready to shell out 10-20 per cent more. To meet market demands, infrastructure needs to be upgraded and for that the government is involving private players, said a senior government official. With privatisation, services may improve but it will also mean i
Category: Aviation & Airports
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Govt to set up new aviation regulator with more power
Government is considering a proposal to set up Civil Aviation Authority (CAA), which would be a new regulator in the sector by replacing the Directorate General of Civil Aviation (DGCA). Government wants to replace DGCA with the proposed regulator because the former has limited delegation of financial powers and hence it is "incapable of making adeq
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Govt to set up SPV for manufacturing advanced aircrafts
A High-Level Committee, headed by Prime Minister Manmohan Singh decided to set up a Special Purpose Vehicle (SPV) for development and production of a civilian aircraft, of a 70-100 seater range. According to the proposal, the proposed SPV would gain design capabilities from National Aerospace Laboratories (NAL), Hindustan Aeronautics Limited (HAL) and other institutions in
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AI to set up hub in Chennai or Blore to garner air traffic
The government-owned carrier Air India has been asked by the the Union Civil Aviation Minister Ajit Singh to develop a hub in South India to target passenger traffic from the states in the region. Air India has to consider setting up a hub in Chennai or Bangalore. It can have its main hub in Delhi, Singh said.
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AAI mulls Rs 1,000 cr tax-free bonds for developing airports
The Airport Authority of India (AAI) has decided to issue tax-free bonds worth Rs 1,000 crore in the current financial year to finance and develop small airports in the country. AAI's move comes days after the government's decision to construct 51 low-cost airports across the country. It would strengthen the financial position of AAI to build these airports,' AAI Chairman V P Aggarwal said in Delhi.
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Ten Kingfisher aircraft languish at Chennai airport
More than a month after the Airports Authority of India (AAI) asked Kingfisher Airlines to remove its 10 grounded aircraft that are taking up space at Chennai airport, the aircraft are still there. The debt-ridden airline stopped services in October last year. Back in 2008, Kingfisher used to operate 60 flights a day from Chennai. By mid-2012, this was down to 45 before operations stopped all together.
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Govt okays privatisation of Kolkata, Chennai airports
To bring in private operators to run airports, the Union government on July 4 approved privatisation of the Chennai and Kolkata airports, which are currently operated by the Airports Authority of India (AAI). Separately, AAI has sought approval from the government to raise Rs 1,000 crore through issue of tax-free bonds to develop 50 low-cost airports in the country. The inter-ministerial group decided to privatise the older terminals by bringing in a joint-venture partner to manage operations at
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Govt okays privatisation of Kolkata, Chennai airports
To bring in private operators to run airports, the Union government on July 4 approved privatisation of the Chennai and Kolkata airports, which are currently operated by the Airports Authority of India (AAI). Separately, AAI has sought approval from the government to raise Rs 1,000 crore through issue of tax-free bonds to develop 50 low-cost airports in the country. The inter-ministerial group decided to privatise the older terminals by bringing in a joint-venture partner to manage operations at
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Govt to implement 8 airport projects in 2013
Eight airports would be set up in 2013 in tier II and tier III towns across the country by the Airport Authority of India (AAI) in partnership with private sector and the state governments, reports indicate. These eight projects are part of the government's plan to set up nearly 50 airports in tier II and tier III towns across the country in the coming years. Industry watchers welcomed the move by the government to set up airports in small towns across the coun
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Govt to implement 8 airport projects in 2013
Eight airports would be set up in 2013 in tier II and tier III towns across the country by the Airport Authority of India (AAI) in partnership with private sector and the state governments, reports indicate. These eight projects are part of the government's plan to set up nearly 50 airports in tier II and tier III towns across the country in the coming years. Industry watchers welcomed the move by the government to set up airports in small towns across the coun