It may hit Kingfisher, Paramount restructuring.
The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore (Rs 190 billion) by three low-cost carriers: SpiceJet, IndiGo and Jet Lite.
The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore by three low-cost carriers: SpiceJet, IndiGo and Jet Lite. The new planes will arrive in a staggered delivery schedule beginning November. The acquisitions were cleared on August 30 at a meeting of a civil aviation ministry empowered committee.
Domestic passengers using the Indira Gandhi International Airport in Delhi will be able to use the new Terminal-3 only from October 28, a few weeks after the Commonwealth Games are over. The Games will conclude on October 14.
The government began the selection process a year earlier and has twice gone through the process of short-listing candidates.
The prevalent practice is that airlines have to pay between Rs 4,000 and Rs 4,500 per filled seat as departure tax.
HCC Infra is engaged in the creation and management of assets in the areas of roads and power. The company also built the landmark Bandra-Worli Sealink in Mumbai.
The prevalent practice is that airlines have to pay between Rs 4,000 and Rs 4,500 per filled seat as departure tax.
Cleartrip is one of the top three online travel agencies in India, with a 35 per cent market share.
The Plan panel is against an NHAI proposal to increase the cost allocation of building each four-lane highway by 33 per cent.
AI used to operate flights to Melbourne, Sydney and Perth in Australia but these were not direct; they went via Singapore. These flights were later stopped.
Vijay Mallya-promoted Kingfisher Airlines is flying into turbulence. More than 150 of its pilots have left in the past year-and-a-half, citing various reasons. Even though others have joined, the current shortage is estimated at 35 pilots, forcing the airline to ground some of its aircraft, cancel leaves of flight commanders, and put senior executives from the operations department on flying duty.
The NHAI board is considering a proposal to give 40 per cent of the annuity payment to the contractors upfront and the remaining amount later in instalments.
The project, to be executed by the Ministry of Road Transport & Highways, would involve double-laning of single-lane highways in eight states in the next three years.
Delhi International Airport Ltd, the consortium operating Delhi airport, is close to signing a mega deal with Air India, which is making the new terminal its operational hub.
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.
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