Abu Dhabi's Etihad Airways will finalise a deal to buy a stake in Jet Airways on January 25, according to a television report. If it materialised, it would become the first such investment by a foreign carrier in an airline in India since rules were relaxed last year. A deal may be announced as early as January 25 or by the first week of February, sources were quoted as revealed.
Category: Aviation & Airports
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KSIE sets up container freight station
Kerala State Industrial Enterprises (KSIE) set up Cochin International Container Freight Station (CICFS) in order to attract business at Vallarpadam International Container Transshipment Terminal. The state Industries Minister PK Kunhalikutty recently inaugurated the freight station in Kalamassery
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AAI look for foreign players for Kolkata, Chennai airports
For operating and maintaining Kolkata and Chennai airports, the Airports Authority of India (AAI) has finally initiated the process to rope in foreign companies in line with the recommendations of a Planning Commission task force.
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GMR, GVK cancelling projects due to unviability: NHAI
GMR and GVK infrastructure companies are walking out of mega road contracts as they are unable to arrange funding for those projects, the National Highways Authority of India (NHAI) has said.
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KSIDC to rope in consultant for airport project
Media reports suggest that consultants are invited for ‘techno economic feasibility and environmental impact assessment’ for the proposed airport at Wayanad by Kerala State Industrial Development Corporation (KSIDC). Airports Authority of India (AAI) found the site identified at Panamaram, Wayanad, suitable for the project during a preliminary feasibility
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GVK terminates pact for highway project
GVK Power and Infrastructure terminated an agreement it had with the National Highways Authority of India (NHAI) to convert the Shivpuri-Dewas section of National Highway 3 into four lanes, involving 1,330 lane km. In a filing at stock exchange, the firm said the termination of the agreement for the highway project in Madhya Pradesh was in line with clause 34.8 of the conc
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Aranmula airport project gets nod from Centre
In Kerala, the private sector KGS Aranmula International Airport has received the crucial ‘in-principle approval’ of the Union Ministry of Civil Aviation. The approval is effective from September 4, 2012. PT Nandakumar, Executive Director of the airport company, said that this is the final clearance granted by the steering committee of the Ministry chaired by Secretary, Civil Aviation.
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Govt to hold meet over GMR exiting Rs 7,500 cr project
To study the reasons for the exit of GMR from a National Highways project, a meeting of senior officials, including secretaries and joint secretaries will be convened, Union Minister of State for Road Transport and Highways Sarve Sathyanarayana said in Coimbatore on January 9 . GMR has exited from the Rs 7,500 crore project alleging delay in statutory approvals.
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Cabinet to decide on proposed bank holding company
According to government sources, the cabinet would consider the proposal for setting up a bank holding company for state-run banks soon. The holding company is intended to enable state-run banks to raise capital from the market instead of seeking funds
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NHAI may bar GMR from its bids
The Union Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) are contemplating action against GMR Group for its 'abrupt and unilateral' walkout of the 555-km-long Kishangarh-Udaipur-Ahmedabad National Highway project. Alleging delays in approvals GMR has come out of the road project.