Huge interest outgo crimped the bottomline of infrastructure developer GMR Infrastructure, which posted a net loss of Rs 217 crore during Oct-Dec 2012. The company's interest outgo during the period is said to have risen 24 per cent to a total of Rs 525 crore, reports suggest. It is sitting on a consolidated debt
Category: Aviation & Airports
Post
Post
AI clears its major share of dues to Delhi, Hyd airports
Air India has cleared a large chunk of its dues to GMR-led operators of Delhi and Hyderabad airports, with the latest instalment of Rs 415 crore being paid a few days ago. A GMR spokesperson said that Air India has made large payments over the last two months to clear the outstanding dues to the GMR Group. GMR is hopeful that Air India will clear the remaining dues in an expeditious manner to reach a regular payment status.
Post
Terminals at Chennai airport opened for public
Recently, the new domestic and international terminals at the Chennai airport were opened for public use by Vice-President Hamid Ansari. It may be recalled that the Airport Authority of India (AAI) built the terminals at a cost of Rs 2,000-crore to enhance capacity. The existing terminals had a capacity to handle six milli
Post
The journey ahead
The Delhi Airport Express is back on track with its usual traffic resuming on January 18. However, will the country's first airport metro serve its purpose in the long run?After lot of hiccups, the country's first airport express metro resumed its commercial operations in its regular timing from January 2013. The Airport Express line functions on a public-private partnership (PPP) model.
Post
Cabinet Committee on Investment to study implementation of key projects
The recently set up Cabinet Committee on Investments (CCI) will study the implementation of critical proÂjects including the procedures involved in their clearance or reÂfusal and the delays such projects are facing. The panel would monitor the clearance or refusal process for infrastructure and manufacturing sector projects costing more than Rs 1,000 crore.
Post
Terminals at Chennai airport opened
The new domestic and international terminals at the Chennai airport were opened for public use by Vice-President Hamid Ansari. The Airport Authority of India (AAI) built the terminals at a cost of Rs 2,000-crore to enhance capacity. The existing terminals had a capacity to handle six million domestic and three million international passengers.
Post
Kolkata airport terminal
In Kolkata, the new integrated terminal of Netaji Subhash Chandra Bose International Airport may take more than two months to be fully operational with all the promised facilities in place. On January 19, Airports Authority of India said that the airport would be operational by March.
Post
Delhi Airport Metro reopens
Delhi Airport Metro Express (DAMEPL) announced that the Airport Metro line resumed commercial operations at its regular timing from January 22. India's first Airport Express initially started its commercial operation on February 23, 2011.
Post
Bhubaneswar airport’s new terminal to be ready by mid Feb
The new terminal of the Biju Patnaik airport in Bhubaneswar, which is now waiting for international tag, is expected to be commissioned by middle of February. The domestic terminal will be ready by February 15 and the civil aviation department will inaugurate it, said Odisha Chief Secretary, Bijay Kumar Patnaik after reviewing the progress of the new terminal.
Post
Delhi Airport successfully handles record 73 ATMs/hour
Delhi Airport has started the year 2013 with a new milestone in its history registering 73 Air Traffic Movements (ATMs) in an hour on 24th January'13. It is the record number of air traffic movements ever made at any airport in India thanks to the efforts by the ATC team.