Paving the way for development of the first-ever 'greenfield airport' in the country, the government signed a concession agreement with Bangalore International Airport Company Ltd for it to come up at Devanahalli in Karnataka over the next 33 months.
Employees and officers of the Airports Authority of India on Friday staged a demonstration at major airports across the country to protest against the privatisation of Mumbai and Delhi airports, but flights and other operations remained unaffected.
It is likely the airports - Chennai, Kolkata, Kochi, Pune, Ahmedabad, Jaipur, Lucknow and Guwahati - will be bid out for 30 years and the tariffs will be fixed upfront.
Operations at the Indira Gandhi International Airport came to a standstill for nearly three hours.
Delhi airport, the country's busiest, runs out of slots due to runway capacity constraints.
The civil aviation ministry is likely to get an allocation of Rs 3,046.93 cror
West Bengal government has 1.2 per cent stake in BAPL.
Air-India proposes to add six services to London by next summer, including one in January, subject to availability of slots, Civil Aviation Minister Praful Patel informed the Rajya Sabha on Tuesday.
The Airports Authority of India would raise nearly Rs 5000 crore (Rs 50 billion) through bonds and other instruments to upgrade about 30 airports across the country by 2007-08, civil aviation minister Praful Patel said on Wednesday.
Employees of the Airports Authority of India on Tuesday called off their nationwide agitation to ensure job security following the decision to privatise two metro airports
The Airports Authority of India has set the ball rolling for modernisation and restructuring of Delhi and Mumbai airports through joint ventures between AAI and private players by calling for bids to shortlist a financial consultant.
First and business class air travellers would find flying costlier.
The government on Tuesday said the private partners of the Airports Authority of India for the restructuring of Delhi and Mumbai airports were likely to be finalised by July or August. \n
Signs of financial stress were visible when the airline reported a loss of Rs 10.40 billion.
The civil aviation minister is facing charges of 'milking' the PSUs for personal gains.
Hochtief Airport GmbH, which has tied up with Piramal Holdings India Ltd and L&T Holdings in its bid for the airport modernisation process, is interested in developing the Mumbai airport.
Leading private airline Jet Airways tops the list of defaulters among private carriers and owes Rs 2,437.90 lakh (Rs 24.38 million) to the government, the Lok Sabha was informed on Thursday.
The decision will benefit the under construction airports at Hyderabad and Bangalore and the one already built in Kochi with majority private participation.
Union says move to privatise four more airports violates Tripartite Panel recommendations that govt accepted long back
The work on restructuring Delhi and Mumbai airports would begin by the middle of next year and the process of selecting private joint venture partners for the Airports Authority of India
Airlines owe a huge sum of Rs 75,701 lakh (Rs 757.01 crore) to Airports Authority of India till September, 2004, Minister of state of Civil Aviation Praful Patel informed the Rajya Sabha on Tuesday.
Employees asked to work from home... cancelled travel plans... curtailed meetings... Caution and precaution dominate Corporate India's response to Covid-19.
Move is aimed at bringing private operators to run airports.
All sections of employees of the Airports Authority of India, barring air traffic controllers, would go on a mass casual leave across the country on September 27 to protest the government move to restructure Delhi and Mumbai airports.\n\n\n\n
Ending the monopoly of government-owned airlines to fly abroad, the DGCA has initiated the process of allowing private carriers to launch overseas services by asking them to file their schedules and fares for operating to Colombo.
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