Civil Aviation Minister Ajit Singh informed reporters that according to current estimates, Indian airports would require an investment of about Rs 67,000 crore during the next five years alone of which 75 per cent is likely to be contributed by the private sector. It may be noted that the government approved 15 more airports under the Greenfield Airports policy with majority of them being developed under the public priva
Tag: aviation
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Aviation sector not satisfied with budget 2013-14
CII's National Committee on Civil Aviation expressed dissatisfaction over the Union Budget 2013-14 as it feels that the budget has not done enough to boost the aviation sector. Even as it welcomed the the concessions granted to the MRO (Maintenance, Repair and Overhaul) sector, it noted that MRO industry is "small right now taking the aircraft population into account
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AirAsia expects to start JV operation by 4th quarter
By the fourth quarter of 2013, AirAsia expects to start operation of its proposed low-cost airline in a joint venture with Tata Group and Arun Bhatia of Telestra Tradeplace. As soon as the joint venture receives approval from the sectoral regulator, it would launch operation, AirAsia's founder and group CEO Tony Fernandes said
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Gujarat to spend Rs 141 cr for better aviation infra
Gujarat government plans to pump in around Rs 141 crore to promote aviation in the state in the next financial year. The amount is more than double of what had been allocated to the sector for the current financial year. The focus will mainly be on developing aviation infrastructure facilities. A senior official from the civil aviation department said that the government wants to strengthen civil aviation network.
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Terminals at Chennai airport opened for public
Recently, the new domestic and international terminals at the Chennai airport were opened for public use by Vice-President Hamid Ansari. It may be recalled that the Airport Authority of India (AAI) built the terminals at a cost of Rs 2,000-crore to enhance capacity. The existing terminals had a capacity to handle six milli
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IOC not in favour of govt proposal
State-run fuel retailer IndianOil Corporation (IOC) is not in favour of the government's suggestion to merge the pipelines and aviation assets of all the three public sector oil marketing companies (OMCs). IOC does not like the the government interfering in these matters since these are commercial decisions. A top o
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UP govt works on fresh bidding for Kushinagar airport project
Uttar Pradesh government has undertaken a fresh bidding process for the proposed Rs 354 crore airport project at Kushingar in eastern Uttar Pradesh. The government made necessary changes in the bidding conditions after the bidding in 2010 failed to evoke strong response because
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UP govt works on fresh bidding for Kushinagar airport project
Uttar Pradesh government has undertaken a fresh bidding process for the proposed Rs 354 crore airport project at Kushingar in eastern Uttar Pradesh. The government made necessary changes in the bidding conditions after the bidding in 2010 failed to evoke strong response because
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UP govt works on fresh bidding for Kushinagar airport project
Uttar Pradesh government has undertaken a fresh bidding process for the proposed Rs 354 crore airport project at Kushingar in eastern Uttar Pradesh. The government made necessary changes in the bidding conditions after the bidding in 2010 failed to evoke strong response because
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Air India to repay part of debt by raising funds
In order to reduce its interest outgo on the current dues, Air India plans to repay some of its debt that carry high interest rate. As part of this initiative, the airline plans to borrow Rs 900 crore from banks through issue of bonds. The amount would be used to repay a part of its debt. Air India is said to owe around Rs