According to media reports, the Tamil Nadu government is set to handover land for the expansion of Madurai and Tuticorin airports to the Airports Authority of India (AAI). For the Madurai airport project, the state government is set to issue acquisition notification, while for the Tuticorin project, the process of issuing acquisition notification would be completed soon, reports indic
Tag: aviation
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Govt to upgrade Juhu airport for Rs 20 bn
Media reports indicate that the union government approved a Rs 2,000 crore project to extend the runway of Juhu airport in Mumbai by 650 metre into the sea. The project, which is part of the overall plan to redevelop the airport, is intended to begin operation of private jet and small turboprop and ATR in
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PM wants ADB to devise novel ways for financing infrastructure
For the long-term infrastructure needs of the region, Prime Minister Manmohan Singh asked the Asian Development Bank (ADB) to introduce innovative instruments. Speaking at the multilateral lending body's annual meeting in New Delhi, Singh said the ADB must find innovative ways to channelise global savings into infra
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ADB commits $10 bn for projects in India
Takehiko Nakao, the new President of the Asian Development Bank (ADB) informed that the multilateral lending agency would maintain its annual lending at $10 billion (Rs 54,000 crore) to India over the next three years. He said this to media persons at the end of the ADB's 46th annual meeting in New Delhi. He also informed that the bank was facing resource constraints and it wou
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Aranmula airport project gets green nod
KGS Aranmula International Airport, which is building a Rs 2,000-crore green field airport at Pathanamthitta in Kerala, may restart construction work on the project following the verdict of the National Green Tribunal, Chennai. The tribunal dismissed a petition challenging various decisions related to the project. The decision includes indu
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Industry seeks policy boost for aircraft MRO segment
Lack of proper policy for aircraft maintenance, repair and overhaul (MRO) is hampering the development of the sector in the country, reports indicate. India is said to be having tremendous growth prospect in the MRO segment and hence industry body ASSOCHAM called for streamlining of taxes to encourage aviat
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Deal between Jet and Etihad may be concluded in a month
According to sources in the union aviation ministry, the deal between Jet Airways and Abu Dhabi-based Etihad Airways may be clinched in a month. The government is expected to assuage the concerns of Etihad Airways on investor protection and help both the companies finalise the deal soon, sources
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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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CEM AC2000 at Dubai Airport
CEM Systems, part of Tyco Security Products, announced their aviation-renowned AC2000 security management system has been successĂÂĄfully installed at the new Concourse 3 Terminal in Dubai International Airport
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Kerala govt mulls airport project in Wayanad
Under the public-private partnership model, the Kerala government proposes to build a feeder airport at Wayanad district and it is awaiting a key reports on the project from consultants. The techno economic feasibility report and the environment impact assessment are being prepared by Knight Frank India for this project. Both the reports will be submitted in six months and the government will take furt