Member (Operations), Airports Authority of India (AAI) GK Chaukiyal has said in Tiruchirapalli on March 27 that the next phase of expansion of the Tiruchi Airport would begin as soon as the required lands are made available by the Tamil Nadu State government. Proposals for the construction of an additional terminal building, to double the passenger handling capacity from the current 400, and a new control tower are under the active consideration of AAI, he said.
Category: Aviation & Airports
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AAI may form JV firm for aviation fuel handling
For aviation fuel handling in India, in the wake of governmentÂ’s decision to allow direct import of aviation fuel by Indian carriers, Airports Authority of India (AAI) will explore setting up of a Joint Venture (JV) company. Apart from AAI, stakeholders in the proposed JV company will be the three public sector oil companies, private oil companies like Reliance Industries, Essar Oil, and airline companies in the country.
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KPMG works on revenue model for Mopa airport
Reports indicate that KPMG, the financial consultant for the proposed international airport at Mopa in Goa, is working on the revenue model for the airport. The state government plans to implement the project on the public-private-partnership (PPP) model and it set up a special PPP cell for the purpose of handing such PPP projects
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Brand matters for AirAsia in India
Aviation experts suggest that AirAsia, in tie-up with Tata group, utilise the brand reputation of the top Indian business organisation. Apart from its international success, AirAsia is going for its tie up with the Tatas in India. Jagdeep Kapoor, Chairman & Managing Director, Samsika Marketing Consultants, suggests using this tie-up in the company's identity building.
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Etihad, Jet tie up for wet lease
India's second largest airline by market share, Jet Airways has leased a wide body aircraft along with 60 of its cabin crew to Abu Dhabi based Etihad Airways, a move that indicates a burgeoning partnership, even before the two airlines ink an equity stake sale. In aviation terms, a wet lease of an aircraft is an arrangement whereby the lessor, in this instance Jet, provides crew, maintenance and aircraft for a consideration.
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AirAsia-Tata JV gets Indian govt’s nod
The Union government on March 26 stated that it had cleared Malaysian budget carrier AirAsiaÂ’s proposal to start a passenger airline in India in partnership with the Tata Group, with an investment of Rs 81 crore. The proposal was cleared by the Foreign Investment Promotion Board (FIPB).
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India to be 3rd largest aviation market by 2020: Govt
The Union Minister for Civil Aviation Ajit Singh said that India would be the third largest aviation market by 2020. The Minister was addressing senior representatives of the aviation industry in Delhi on the occasion of Aviation Day on March 26. India's airports would be handling 336 million domestic and 85 million international passengers with projected investment to the tune of US$ 120 billion by 2020.
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Chennai is eagerly awaiting AirAsia’s landing
AirAsia's India entry with Chennai as its hub of operations has brought cheer to stakeholders. There is great hope of a positive growth trajectory for the various service sectors that have mushroomed around the industry. This is apart from additional revenue that the Airport Authority of India (AAI) might get. On March 26, the Foreign Investment Promotion Board (FIPB) of the Finance Ministry cleared the proposal of Malaysian low-cost carrier AirAsia and TataÂ’s joint venture for a passenger airli
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India allows lessors to repossess Kingfisher planes
Kingfisher's 15 planes have been deregistered by the Indian civil aviation regulator DGCA paving the way for global leasing companies to take them back and easing worries that the dispute might hurt purchases by other Indian carriers. The move comes a day after officials from German bank DVB, one of the largest global aviation financing banks, met DGCA chief Arun Mishra to press for deregistration of the two aircraft.
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Trichy airport makes profit, AAI denies privatisation
The profit-making Tiruchirappalli/Trichy airport should be provided all its needs, to make it truly international, GK Chaukiyal, member (operations) of Airports Authority of India, said on March 27. Chaukiyal said the AAI was controlling around 125 airports in the country and only 10 or 12 are making profits. However, Chaukiyal denied the Trichy airport was one of the 11 airports listed for privatisation.