During this financial year, GMR Infrastructure is set to infuse Rs 1,700 crore fresh equity capital in its energy business.
Category: Aviation & Airports
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Kannur airport project work set to begin
The Kerala government is set to launch the work of the runway and allied constructions of the proposed Kannur airport.
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Hyderabad airport gets British rating
Rajiv Gandhi International Airport (RGIA) has received the 5-Star rating by the British Safety Council for its Health and Safety Management System.
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Aviation, IT, ITES are priority industries in Goa policy
For Goa's Industrial Investment Policy, a State-government appointed taskforce has suggested industries like aviation, aero space, IT and ITES, pharma and integrated educational hubs. Atul Kane, head of the taskforce, said in Panaji that these industries were suitable to Goa, even as mining did not feature in the first batch of suggestions made by the taskforce.
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Govt may limit premium airline seats
The Union government is likely to limit the number of seats that an Indian carrier can sell to passengers through pre-booking for a fee to 15 per cent to 20 per cent of the aircraft capacity. The aviation ministry is planning to ask airlines to limit this to the front and emergency row seats that have more legroom and the window and aisle seats of the second to fifth or sixth row.
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Govt employs 5 experts for cost-cutting measures in AI
As part of its cost-cutting measures in the State-owned carrier Air India, the Union Government on May 27 appointed five experts from different fields as part-time Directors on the Air India Board, including IIM-Ahmedabad professor Ravindra H Dholakia. Union Civil Aviation Minister Ajit Singh appointed them to utilise their specialised skills to help Air India achieve the targets set by the government through its Turnaround and Financial Restructuring Plans, an official release said.
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Govt to put checks on airfare pricing
On its policy of unbundling airfares, the Union government is planning to prescribe dos and don'ts to the airlines, which allows separate charges for preferred seats, extra baggage, meals-on-board and other such services. In its present shape, the policy has left both airlines and passengers dissatisfied. While airlines, which were hopeful of an additional revenue stream with unbundled fares, are complaining of government interference, passengers, on the other hand, think it is just a way of fle
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Centre commences work on 6 greenfield airports
The Government of India has granted 'in principle' approval for setting up of 15 greenfield airports across the country out of which, physical work at 6 airports namely, Gulbarga, Hassan, Shimoga in Karnataka, Durgapur in West Bengal, Pakyong in Sikkim and Shirdi in Maharashtra, has already commenced, Union Minister of State for Civil Aviation, KC Venugopal told the Lok Sabha last week. Construction at various airports in the country including Aranmula airport project has not stopped, he added.
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Govt may regulate preferred seats in flights
In India, the recent ĂâunbundlingĂâ of some services such as seat preferences or meals on board might be helping airlines to earn a lot of ancillary revenue, but the government is considering whether it could limit the number of Ăâpreferred seatsĂâ on sale on each flight. The government has been prompted to step in just days after it unbundled these services, following reports that some airlines were charging for a very large number of seats, with one of them even imposing fees for the ĂâcongestedĂâ m
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Govt to levy tax to increase air connectivity to small towns
The government is mulling to impose a new cess on flyers to help increase connectivity to smaller towns. An Essential Services Fund could be created with the money collected through the new tax that would help provide subsidy to airlines operating to smaller cities and areas like the north-east.