The expansion of the terminal is expected to raise the annual passenger capacity of the airport to 12.5 million.
Once the services are launched, the travel time between the two destinations will be reduced to less than 10 minutes from 30 minutes now.
That it has been threatening to review this rule for a while is old hat anyway.
Jet Airways, IndiGo and GoAir achieved operating profits of Rs 122.6 crore (Rs 1.22 billion), Rs 795.8 crore (Rs 7.95 billion) and Rs 85.1 crore (Rs 851 million) respectively during the same period, Minister of State for Civil Aviation K C Venugopal said in reply to a question.
The government which is proceeding with privatising six airports including those at Kolkata and Chennai, intends to give away 14 more to private parties for operation and development during the 12th Plan period, Rajya Sabha was told on Tuesday.
Rs 275 cr payment to Tata Power (SED) blocked for putting Indian part
In a late night development, chairman of the state-run Airports Authority of India, V P Agarwal, was removed from his post apparently because of his "opposition" to privatisation of more airports in the country, sources said.
In a meeting with stakeholders last week, the authority mooted setting up a Special Purpose Vehicle along with airlines and state-owned oil marketing companies to develop common infrastructure to import ATF, among others, at Chennai and Kolkata airports. While AAI and OMCs will hold 76 per cent in the proposed SPV, the airlines will participate in the remaining 24 per cent equity.
The airports, which have been shortlisted from 50 cities and towns in remote areas and various unconnected regions across the country, would come up at Tezu (Arunachal Pradesh), Kishangarh (Rajasthan), Jharsuguda (Odisha), Hubli and Belgaum (Karnataka), Civil Aviation Minister Ashok Gajapathi Raju told reporters in New Delhi on Tuesday.
'If a drone can't fly airspace without the DGCA knowing about it, how did such a big plane get airborne?' 'The DGCA knows this aircraft had undergone major repairs. Now, the question is who allowed it.' 'The DGCA cannot come out of this.'
Chennai on Wednesday turned a virtual island after unprecedented rains in 100 years pounded the city, shutting the airport and rendering thousands homeless.
Private lenders were among the top losers along with RIL.
After a brief lull, intermittent rains lashed Chennai and its suburbs on Sunday, while the weatherman predicted more showers in Tamil Nadu over the next 48 hours.
A radiation scare at Delhi's Indira Gandhi International Airport forced the suspension of cargo operations, but nuclear regulator and Delhi authorities said there was no leak of radioactive substance from a consignment unloaded from a Turkish Airlines plane.
Cash-strapped SpiceJet has cancelled over 1,800 flights across the country for the current month, in signs of mounting troubles for the budget airline.
A Delhi-bound SpiceJet plane hit a stray buffalo on the runway while rolling for take-off from Surat airport late Thursday night, providing anxious moments to the 146 people on board.
Serious lapses at several non-metro airports like damaged X-ray machines, absence of explosive detectors and faulty metal detectors have been found in an audit carried by the aviation security agency BCAS.
Apart from Air India, the implementation of the airport hub project would involve the airport authorities, other Star Alliance partner airlines which operate from the two airports and ground handling agencies, among others, to make it easier for smooth transfer of passengers from one flight to another.
INSAT-3D, developed by the Indian Space Research Organisation and its Space Applications Centre, is designed to provide meteorological observation and monitoring of land/ocean surfaces.
Under flak from several MPs over the Jet-Etihad deal, government on Monday said it had "no role to play" in the sale of Jet's slots at London Heathrow airport to the Abu Dhabi-based airline.
Surface and air links between Kashmir and rest of the country were cut off on Wednesday due to snowfall in the valley as the Srinagar-Jammu National Highway was closed for traffic and all flights to Srinagar Airport cancelled.
High Commissioner of Canada Nadir Patel said the language in the document 'does not reflect the government of Canada's policy toward India'.
An integrated team of 200 staff crunches data to minimise disruption for 149 planes, but airport infrastructure poses a challenge
The average age should be around 35 years, the sources said, adding those older should be shifted to ground operations.
This is the first time in the history of the airport operator that revenue crossed Rs 10,000 crore.
One woman passenger was killed and two fight stewards injured when unidentified gunmen opened fire at a Pakistan International Airlines flight while landing at the Peshawar airport late Tuesday night.
The levy will come into effect from December 1, 2016
Meanwhile, Minister of State for Civil Aviation Mahesh Sharma said that there was no question of any bail out to the beleaguered carrier
If indeed the issues involved between the government and RBI are of immense public interest, why not make public the arguments of both the government and the RBI, irrespective of the outcome of the process, says Tamal Bandyopadhyay.However, the Act is silent on what happens if the governor's views differ from that of the government. If Patel does not want to budge from his stance the government can either see merit in the Governor's arguments and decide against going ahead with its plan or overrule him. My guess is that the issues raised by the government need to be sorted out not at the November 19 board meeting but between the Governor and the government, says Tamal Bandyopadhyay.
Pawan Hans could command a valuation of 8-10 times earnings.
The airports were refurbished at the cost of Rs 2,325 cr and Rs 2,015 cr respectively but there have been various complaints.
Rains will continue to batter Tamil Nadu for the next seven days and the next 48 hours are "very crucial", the IMD has said.
A Hindu Mahasabha leader and two other lawyers, who were allegedly in an inebriated state, have been arrested on charges of harassing the crew and passengers of a Chennai-bound flight before it was to take off from Coimbatore on Wednesday night.
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The state government's notification, which was issued earlier in the week, quoted the civil aviation ministry's letter urging quick rehabilitation of slum dwellers due to security threat.
The vanity project, of absolutely no use to most Indians, will suck money that could be used for health and education, says Aakar Patel.
Taxes on ATF in India are among world's highest, and are seen as key reason for mounting losses of airlines.
Employees of around 150 firms may lose out on PF benefits as their companies failed to get an exemption certificate from the Employees' Provident Fund Organisation (EPFO)
The PM alleged that a 'PC' (percentage commission) culture has become the state government's identity.
A consortium led by Ajay Singh is initially expected to invest Rs 1,200 cr, largely to cover liabilities.
Domestic airlines may increase foreign flight frequencies
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