To bring in private operators to run airports, the Union government on July 4 approved privatisation of the Chennai and Kolkata airports, which are currently operated by the Airports Authority of India (AAI). Separately, AAI has sought approval from the government to raise Rs 1,000 crore through issue of tax-free bonds to develop 50 low-cost airports in the country. The inter-ministerial group decided to privatise the older terminals by bringing in a joint-venture partner to manage operations at
Tag: Airports
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Domestic airports face challenges in becoming international hub
Industry watchers point out the challenges for airports in India to become international hub for Indian airline companies. An airport must have two prerequisites to become an effective hub. First, it needs a strong anchor airline operating out of the airport, as Emirates does from Dubai or Deutsche Lufthansa AG from
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The magical metal
Stainless steel has started to provide architects and builders with an excellent solution to the problem emanating on account of corrosion.
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AAI to convert terminals in 24 airports into cargo ones
In India's 24 airports, redundant passenger terminals will be converted into cargo terminals by the Airports Authority of India. Inaugurating the air cargo complex at the Mangalore airport last week, the Union Civil Aviation Minister Ajit Singh said AAI has 24 airports in the country that will be used for domestic cargo operations.
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Hyderabad, Delhi, Mumbai airports rated high by ACI
India's Delhi and Hyderabad airports managed by GMR Group and Mumbai airport by GVK Group have been rated high in respective categories in Airport Quality Service (ASQ) by Airports Council International (ACI) for 2012. The Indira Gandhi International airport at Delhi and Rajiv Gandhi International Airport at Hyderabad, both managed by GMR Infrastructure have secured second positions in respective categories.
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Centre asks UP to speed up land transfer for airports
Union Civil Aviation Minister Ajit Singh has asked the Uttar Pradesh government to expedite transfer of land for airports at Agra, Jhansi and Meerut. Singh wrote to the State Chief Minister Akhilesh Yadav and asked him to take other measures in this regard.
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A real estate game
The progress of Indian airports from aero- to non-aero-heavy revenue model may happen sooner than we thought. On the one hand Indian airports that are finally looking world-class even lavish and opulent, some say while airlines are cutting themselves down to size and not thinking beyond low-cost.
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Plan Panel expects 30 airports in 5 years
The Planning Commission expects that India may require 30 functional airports within the next five years. The CommiÂssion expects passeÂnger terminal capacity in most of the airports to be between 230-240 million in the current year.
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NE road projects
The Planning Commission has granted 'in principle' approval to 25 projects against the 56 road project proposals put forth by the North Eastern Council (NEC).
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Sowing seeds in the right land
Sameer K Bhatnagar presents an investment landscape for Canadian companies to invest in India and outlines the major sectors where opportunities lie. These are interesting times for infrastructure comÂpanies in India.