Category: Aviation & Airports

Post
Strong room planned for cargo at Surat airport

Strong room planned for cargo at Surat airport

In Surat, the Airport Authority of India (AAI) plans to set up a strong room facility for valuable cargo like diamonds, gems and jewellery and gold at the city's airport. The diamantaires have been demanding international air connectivity and cargo handling facilities at Surat airport for the past few years.

Post
Aranmula airport

Aranmula airport

Chennai-based KGS Group of companies is all set to start work in this January on the Aranmula International Airport project in Kerala. It has got all requisite clearances from the authorities concerned, said Gigi George, Managing Director, KGS Aranmula International Airport. He said the work on the Rs 2,000-crore project would commence in the second week of this January and is expected to be ready for airport operations by December 2014.

Post
WorldÂ’s highest airport

WorldÂ’s highest airport

In Tibet, China will start work on the worldÂ’s highest airport this year. The airport is to come up in TibetÂ’s Nagqu county, the State media Xinhua news agency has said. The airport will be about 100 m higher than the existing record holder in another part of the remote and restive region. Nagqu airport will be at an altitude of 4,436 m above sea level, slightly higher than the airport in Qamdo town at 4,334 m.

Post
GMR to seek damages

GMR to seek damages

Seeking a compensation of over $800 million from the government of Maldives Indian infrastructure company GMR is mulling to sue against the government in an international arbitration tribunal. GMR was forced to hand over Male airport to the Maldives government recently. The Indian company GMR, which was operating the Ibrahim Nasir International Airport at Male at an investment of $511 million, says it feels cheated for having the contract cancelled over an illegal component - airport development

Post
GMR to issue ` 316 cr bond issue for hÂ’way project

GMR to issue ` 316 cr bond issue for hÂ’way project

GMR Group would launch long-term infrastructure bond issue for its highway project in January, India Infrastructure Finance Company (IIFCL) said. The Rs 316-crore issue will be partly guaranteed by IIFCL, a state-run infra lender, through its credit enhancement scheme. GMR plans to raise around Rs 316 crore through the issue and IIFCL would guarantee the bonds issue to the tune of 24 per cent.