The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the proposal for revival of 50 un-served/under-served airports/airstrips of the state governments, Airports Authority of India (AAI) and civil enclaves in three financial years starting from 2017-18.
Tag: AAI
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There is huge potential for growth in the air cargo market
The reactions are positive and industry is also quite optimistic on the introduction of NCAP 2016. The objective of the government through NCAP is to establish an integrated ecosystem enabling significant growth of the civil aviation sector, which in turn would promote tourism, increase employment and lead to balanced regional growth.
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Our carriers are comparatively inefficient and not aggressive
The new aviation policy has brought in a lot of forward-looking changes to boost the slumping aviation industry; these changes have been made to make the industry more dynamic and lucrative for all the players and to level the playing field. One of the major changes which have been welcomed by the smaller airlines is that, prior to the policy change, an airline needed to have 20 planes and five years of local operations to fly overseas.
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Flaws in civil aviation policy will be resolved over a period of time
The new civil aviation policy is aimed at creating an ecosystem of affordable flying for the masses as well as easing industry-related concerns which were long due. To do so, the policy has addressed issues from the regulatory, financial and operational perspectives in a comprehensive manner in three main areas
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Aviation Minister unveils airport at Bhatinda
Union Civil Aviation Minister Ashok Gajapati Raju and Minister of State for Finance Jayant Sinha have inaugurated the first ever airport in Bathinda at Virk Kalan village. Boarding the first flight from Delhi to Bhatinda, Gajapati Raju, Sinha and Food Processing Minister Harsimrat Kaur Badal were among the dignitaries who landed here.
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Airports Authority of India launches cargo subsidiary
State-owned airports operator Airports Authority of India (AAI) has launched a cargo subsidiary.
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PwC is transaction advisor for Dholera airport
PricewaterhouseCoopers Pvt Ltd, in consortium with Airport Planners and Design Consulting Pvt Ltd, and SPA Legal, was roped in by the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) as transaction advisors for the greenfield Dholera airport in Gujarat, a report in Business Standard states.
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PwC consortium will be transaction advisors for Dholera airport
PricewaterhouseCoopers Pvt Ltd, in consortium with Airport Planners and Design Consulting Pvt Ltd, and SPA Legal, has been roped in by the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) as transaction advisors for the greenfield Dholera airport in Gujarat, according to a report in the Business Standard.
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PuneÂ’s new airport readies for take-off
PuneÂ’s proposed international airport has gained momentum with Chief Minister Devendra FadnavisÂ’s tweet that the technical team from Airports Authority of India (AAI) will conduct preliminary study of Rajgurunagar site, near Khed Special Economic Zone, in the first week of September.
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AAI likely to post all-time high revenue
National airports operator Airports Authority of India (AAI) is expected to report an all-time high revenue of Rs.10,000 crore, with an estimated flat profit growth in FY16.