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
Category: Aviation & Airports
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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
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Helping the flood victims
In an initiative to express solidarity with the flood-ravaged Uttarakhand state, Airports Authority of India (AAI) extends round-the-clock operations facility at Jolly Grant Airport in an excellent coordination between AAI, State Government of Uttarakhand and the Indian Air Force to enable seamless flow of choppers
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India to have 51 new low-cost airports
To develop civil aviation sector and increase air connectivity to Tier-II and Tier-III cities in India, the Union government on June 28 decided to set up 51 new low-cost airports. The State-owned airport operator, Airports Authority of India (AAI), would set up the low-cost airports in 51 cities in 10 states
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Defence ministry provides land for airport terminal project
Union Defence Ministry agreed to provide 50 to 70 acre of land to the civil aviation ministry to build a new terminal building in the Agra airport.
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IGI introduces CDM
Indira Gandhi International Airport (IGI) has become the first airport in the country to introduce Airport Collaborative Decision Making (A-CDM). The initiative has been jointly taken up by the Air Traffic Control (ATC)
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Navi Mumbai airport project
Cost over-run owing to the delay in project implementation may make the proposed international airport project at Navi Mumbai unviable, City and Industrial Development Corporation (Cidco) feels.
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GMR Infra mulls IPO for energy division
In order to raise equity capital for its ongoing projects, The energy division of GMR Infrastructure may be listed in the stock exchange, reports indicate. GMR Energy, which operates power plants with a total capacity of 1,487 mw, is working on over 3,000 mw of power projects. The company plans to raise around Rs 1,500 crore by offering 10 percent stake through fresh equity issuance