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.
Boeing will bring over 20 aircraft for the domestic market.
The move would cap the discontent among pilots at not having enough flying hours and even help the state carrier gain grounds in terms of passenger carriage.
Will operate in all airports except those in Hyderabad, Bangalore and Delhi
AIR India's turnaround plan, which has been reviewed by consulting firm Deloitte and accepted by the airline's board, says the company will start making operating profit from this financial year itself. Air India has been running under losses since 2007.
Air India has taken loans from a consortium of 20 banks.
Air India Chairman and Managing Director Arvind Jadhav, has finally looked towards his employees for suggestions after trying many consultants in the past for reviving the debt-ridden state-run carrier.
In its ongoing drive to cleanse the system of unqualified pilots, the Directorate General of Civil Aviation (DGCA) has asked all airlines to monitor the hiring and training of co-pilots in a more effective manner and to file a monthly report on this.
For the peak summer season, starting May, the airline is offering fares that are up to 15 per cent less than what low-cost carriers are quoting.
The National Highways Authority of India (NHAI) has been told to work on awarding contracts for around 100 projects, covering 11,151 km, over the financial year starting April 1.
The new model, being prepared by the Planning Commission, is expected to be finalised in three months. It would have fixed total project costs and specifications.
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