The country's leading low-cost air carriers -- IndiGo, SpiceJet and GoAir -- are set to nearly double their fleet capacity over the next 17 months.
The passenger numbers have grown at a little over 20 per cent in the past few months.
The Union finance ministry has endorsed the views of Gajendra Haldea, infrastructure advisor to the deputy chairman of the Planning Commission, who had objected to recent changes in bidding norms by the National Highways Authority of India.
A report by a senior official in the Planning Commission has said the National Highways Authority of India (NHAI) is heading towards bankruptcy, as its debt is set to increase five times in the next three years.
AAI has got approval from Airport Economic Regulatory Authority to charge Rs 755 per departing international passenger for a period of 10 years.
It would also hit the over 20 helipads that were being planned by corporate houses, hotels and individuals.
Though the controversy between the Planning Commission and the road transport ministry is old, the trigger for Road Transport and Highways Minister Kamal Nath calling the Commission an 'armchair advisor' seems to be a document of the Planning Commission.
The government's contention was that Sahara Airlines Ltd (now JetLite) was promoting the real estate and housing business and area operations of Sahara India Commercial Corporation.
As per 2009 estimates, two major expenditure verticals were fuel cost, with 34.2 per cent, and staff cost, with 16.2 per cent.
Air India-Singapore Airport Terminal Services, the ground handling arm of the state-owned carrier, will hire 90 per cent of its workforce on contract to start operations at the new terminal of the Delhi airport, according to a senior Air India official. AISATS is a 50:50 profit sharing joint venture between AI and the Singapore-based company. The airline selected SATS as its partner in September 2008.
The consortium will use money from commercial development to pay off Rs 5,000-crore debt (Rs 50 billion).
Tourists who come from across the world to laze around in the balmy beaches of Goa will now have another attraction - it will have not one but two airports.
Having lost their case in the Bombay High Court (HC) against deregistration of their union, Jet Airways pilots plan to go to an industrial tribunal.
Seats being offered by LCCs in international routes up from 3% of the total last year to 10%.
Full-service carriers remain unfazed by the introduction of the business class segment by budget airlines.
An ATC officer's job requires 100 per cent concentration and a break after every one-and-a-half hours.
Low-cost air carrier SpiceJet is looking at ways to raise around $75 million (Rs 335 crore). The airline has given the mandate to IDFC-SSKI for raising funds through preferential allotment of shares and strategic sale. "IDFC-SSKI is working on it and the money will be raised through both preferential allotment of shares and strategic sale," said a Mumbai-based investment banker, who is associated in this deal.
To add aircraft, more services this year, even as full-service airlines hold their expansion plans.
Sun TV promoter Kalanithi Maran, through his advisors, is talking to hedge fund Wilbur L Ross to buy its entire 30 per cent stake in low-cost carrier SpiceJet Ltd.
The time taken in land acquisition has been drastically brought down to 12 months from 24 months earlier.
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