Union Minister for Civil Aviation Ajit Singh said on March 17 that airline industry is witnessing a revival. Addressing the 11th Routes Asia Conference in Mumbai, Singh said various policy measures taken by the government have begun to yield results and hoped that the general aviation business will emerge as a key driver of regional connectivity and economic development.
Category: Aviation & Airports
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AAI invested Rs 2.5 bn on Mangalore airport
Airport Authority of India (AAI) has invested around Rs 250 crore for the development of Mangalore airport till now and has requested the Karnataka government to provide land for further development.
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Panel recommends green nod to Kannur airport
At the Centre, a high-level Environment Ministry panel has recommended granting green clearance to the proposed international airport at north KeralaĂâs Kannur district. The decision to recommend the environmental clearance for the airport was taken at the recent meeting of the Expert Appraisal Committee (EAC) for Building Construction, Coastal Regulation Zone, Infrastructure Development and Miscellaneous projects.
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Air India’s 10% fleet lying idle for want of spares
For want of spares and engines, more than 10 per cent of Air IndiaĂâs (AI) fleet is lying idle, with 13 of its 106 planes grounded. Such high number of grounded aircraft indicate highly mismanaged affairs at the ailing carrier, feel industry sources. Such a situation should not
have arisen at all as the government has pumped in more than Rs 6,500 crore into the airline in this fiscal year alone, an official said
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Compensation hurdles hamper NM airport project
For the much delayed Navi Mumbai airport project, the Maharashtra government has decided to review the compensation to be paid to acquire the remaining land. Maharashtra Chief Minister PrithvirajChavan said that the project implementing agency Cidco has been asked to suggest whether the package, promised to land owners from nearby areas, in other projects can also be applied in this case.
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SBI to recover money from Kingfisher
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.
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AirAsia doesnĂât 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 Ăâ for Excellence in ANSP Management (outside Europe and North America) and another for Strategic Advancement in Air Transport through AAIĂâs 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 CMĂâs 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 governmentĂâs double standards.