State Bank of India (SBI), the lead banker to Kingfisher Airlines, on March 18 stated that it is taking all steps to recover the loan provided to the grounded carrier. SBI Chairman Pratip Chaudhuri said that the bank is blazing all guns and taking all steps to recover loan dues form Kingfisher. He said this in Delhi after the meeting of the Finance Minister with the heads of PSU banks and financial institutions.
Category: Aviation & Airports
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AirAsia doesnÂ’t face FDI hurdles: Ajit Singh
Union Aviation Minister Ajit Singh has said that India allows foreign airlines to invest as much as 49 per cent stake in local airline firms regardless of whether the investment is made before a joint venture is formed or after. Singh was instrumental in permitting foreign carriers to invest in local airlines by amending the existing foreign direct investment rules, as part of efforts to help local airlines get much-needed funds.
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Airports Authority of India wins two ATC awards
At the ATC Global Awards 2013, the Airports Authority of India received 2 awards — for Excellence in ANSP Management (outside Europe and North America) and another for Strategic Advancement in Air Transport through AAI’s collaborative environment project.
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Karnataka demands to reopen HAL airport
After Hindustan Aeronautics (HAL) approached the Centre seeking its nod to restart civilian aircraft operations from its airport, chorus in support of reopening the facility is growing. Industry representatives, former bureaucrats, aviation experts, the CMÂ’s advisor on urban affairs and a minister opine that Bangalore needs two airports. The HAL airport that had handled a large number of passengers a year before its closure is now used only for defence and VVIP flights.
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Kerala govt asked to withdraw support to airport project
The Kerala government should withdraw from the controversial airport project at Aranmula if it was serious and sincere about its recent budget proposals, Communist Party of India district unit secretary P Prasad has said. In a statement issued in Pathanamthitta on March 17, Prasad alleged that the budget proposals had got a lot of contradictions with various projects launched by the United Democratic Front (UDF) government and it amply exposed the governmentÂ’s double standards.
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Ajit Singh says Indian aviation sector is reviving
Union Civil Aviation Minister Ajit Singh said on March 17 that various government policy measures for the civil aviation sector have begun to yield results and the airline industry in India is witnessing a revival. On account of these policies, the general aviation business would emerge as a key driver of regional connectivity and economic development, he said.
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Chennai airport’s terminals to turn into warehouses
Chennai airport terminals that are being used to fly in and out of the city may be turned into warehouses, hostels and cloak rooms. As Airports Authority of India (AAI) clears the final hurdles to make the shift into the newly constructed airport terminals, senior officials have revealed that the existing ones (named after former Chief Ministers Kamaraj and Anna) will be used for such storage and utility purposes.
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Chennai airport’s terminals may turn into warehouses
Chennai airport terminals that are being used to fly in and out of the city may be turned into warehouses, hostels and cloak rooms. As Airports Authority of India (AAI) clears the final hurdles to make the shift into the newly constructed airport terminals, senior officials have revealed that the existing ones (named after former Chief Ministers Kamaraj and Anna) will be used for such storage and utility purposes.
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Hyderabad, Delhi, Mumbai airports rated high by ACI
India's Delhi and Hyderabad airports managed by GMR Group and Mumbai airport by GVK Group have been rated high in respective categories in Airport Quality Service (ASQ) by Airports Council International (ACI) for 2012. The Indira Gandhi International airport at Delhi and Rajiv Gandhi International Airport at Hyderabad, both managed by GMR Infrastructure have secured second positions in respective categories.
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SpiceJet not worried about AirAsias entry: CEO Neil Mills
Kalanithi Maran promoted low-cost carrier SpiceJet is not 'too worried' about the impending entry of AirAsia, its CEO Neil Mills said, in what is the first reaction since the Malaysian budget airline announced in February its JV with Tata Sons.