The Gurgaon-based carrier, which started its regional operations from Hyderabad last month, plans to have the hubs in Chennai, Ahmedabad, Bangalore, Kolkata and Delhi.
Low-cost carriers (LCCs) like Air Asia and Ryan Air are among the best because they are frugal, have flexibility in operations and certain standardisation of aircraft and operations.
Airports authority demands Leela fork out 7.5% of gross turnover of Mumbai hotel as royalty.
The Airports Authority of India (AAI) has asked for selective exemption from the order to seek permission from the Union cabinet before the sale or long-term lease of any land of the government or a government-controlled statutory body.
Expressway construction is part of the sixth phase of the National Highways Development Programme.
In December 2005, AI had ordered 111 aircraft worth Rs 46,000 crore.
AERA says airport operator must go on its own to avoid revenue-sharing.
Formation of profit-making units and shifting of staff are key components of the turnaround plan.
The estimated cost for building T-3 went up from Rs 8,975 crore (Rs 89.75 billion) to Rs 12,700 crore (Rs 127 billion) during the 37 months it took. In March 2009, the operator was allowed by the civil aviation ministry to collect an ADF for 36 months, to recover an estimated Rs 1,827 crore (Rs 18.27 billion).
Considers bidding for Barcelona, Madrid airports; may rope in local partner.
With the Reserve Bank of India raising its key policy rates for the 11th time since March 2010 on Wednesday, banks are also expected to increase their lending rates.
The creation of joint ventures by Delhi International Airport Ltd (DIAL) has not impacted its revenue share, says the Airports Authority of India (AAI).
Contrary to the general perception that close-circuit television (CCTV) cameras can only record incidents, the 3,000-odd cameras in and around the Delhi airport can not only record but also raise an alarm the moment they detect anything unusual.
Consumption of cement, steel, and bitumen is to get a boost of Rs 42,000 crore (Rs 420 billion), as the National Highways Authority of India has announced to award 7,994 km of highway projects in the current financial year.
"We have conveyed this to the road transport ministry. We go for environment approval for all land we acquire, but land with environment issues requires more approvals," said a senior NHAI official, who did not want to be identified.
Finance ministry officials said they were scrutinising many deals, but the actual tax liability would depend on many factors, including the kind of payment (royalty, interest, stake sale) and the Double Tax Avoidance Agreement with the country where the foreign company was based.
Boeing will bring over 20 aircraft for the domestic market.
If June 2010 diesel price is taken as the base, then the increase is a mere 2 per cent. By contrast, petrol prices have gone up by 23 per cent in the same period.
Getting compensated for at least 90 per cent of losses without government subsidy appears difficult.
The government indecisiveness on petroleum price rise, coupled with late release of cash subsidy, has sent the borrowings of three government-controlled oil marketing companies to an all-time high of around Rs 118,000 crore (Rs 1,180 billion).
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