National airports operator Airports Authority of India (AAI) has enhanced its net profit to Rs.2,537.36 crore in the last fiscal as against a profit-after tax of Rs.1,959.22 crore in FY 15, Minister of State for Civil Aviation Jayant Sinha informed Parliament.
Tag: Airports Authority of India
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Airports Authority of india chalks out Rs.15,000-cr upgrade plan
In its biggest-ever investment outlay, Airports Authority of India (AAI) has chalked out a plan to invest Rs.15,000 crore over the next four years in the development and upgrade of airports.
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´Operators don´t follow AAI rules´
Vice-president of Maharashtra Navnirman Vidyarthi Sena, Akhil Chitre, has alleged that Mumbai Airport operators, GVK, are not following the rules laid down by Airports Authority of India.
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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.
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Draft National Civil Aviation Policy (DNCAP) 2015 – Industry view
It provides a fillip for promotion of regional air connectivity. AAI will examine the feasibility of developing AAI´s balance non-operational airports factoring the changed environment and the need for regional and remote area connectivity. For the non feasible, non-operational airports, other potential uses are being explored.
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Fraport looks to exit Delhi International Airport venue
Germany´s Fraport is looking to sell its entire stake in DIAL, a joint venture operating the IG International Airport in the national capital.
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AAI to upgrade Agartala airport to international grade
The Airports Authority of India (AAI) will spend Rs.438 crore to upgrade Agartala airport to international standards, state transport minister Manik Dey said. ´
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All Aboard
Growing air travel bodes well for the sector. All that is required is for the necessary infrastructure to keep pace, lest it fall far behind. India´s civil aviation industry is on a high-growth trajectory. Currently the ninth largest aviation market in the world, with a market size of around $16 billion
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Land Turbulence Hits WB Airport Plan
The West Bengal state government has reportedly told the Airports Authority of India (AA)
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Arunachal CM Asks to Fast-Track Greenfiel Airport
Arunachal Pradesh Chief Minister Nabam Tuki has urged the Centre to fast-track the process of setting up a greenfield airport near Itanagar to facilitate direct flights