Competition Commission of India (CCI) Chairman Ashok Chawla has said the government cannot fix the maximum retail price (MRP) of airfares like other consumer items as fares are decided by market forces of demand and supply. This order effectively bars the government from regulating airfares.
Category: Aviation & Airports
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India’s 1st aviation varsity in UP to function next-year
India's first aviation university will come up at Rae Bareli in Uttar Pradesh and its academic session would begin in July next year. The National Aviation University (NAU) would train technical personnel, including engineers, and impart all aviation-related skills to its students. There would be a requirement of close to three million trained personnel in the Indian aviation sector over the next decade, according to independent estimates.
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New policy soon for growth of aviation sector
For a new policy of sustainable and orderly growth of aviation sector in the country, the Union Civil Aviation Ministry has prepared a white paper, the Rajya Sabha was told on March 22. To have a sustainable and orderly growth of the aviation sector, the Ministry has felt the need to spell out a long-term Civil Aviation Policy to address various issues related to the sector, Union Minister of State for Civil Aviation KC Venugopal said.
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NMPT may not lose cargo to airport
New Mangalore Port Trust (NMPT) does not find any threat to its business from the cargo business of Mangalore International Airport. The airport may handle high value, small size and perishable goods such as marine products, vegetables and flowers. The port, on the other hand, handles bulk carg
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Airline industry is witnessing revival: Ajit Singh
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.
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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 KeralaÂ’s 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 IndiaÂ’s (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.