Adani group is in talks to acquire a 50.5 per cent stake held by GVK Group in Mumbai International Airport (MIAL) and another 23.5 per cent of minority partners, Airports Company South Africa (ACSA), and Bidvest Group, two sources with knowledge of the matter said.
Various airlines, including the defunct Kingfisher, owed Rs 3,030 crore (Rs 30.30 billion) to the Airports Authority of India (AAI) at the end of December last year.
A ministry spokesperson said he wasn't aware of the development.
Spicejet has sought extention from the Airports Authority of India over payment schedule.
Minister of state for aviation Mahesh Sharma said that his ministry has requested the airlines to maintain price cap in this time of crisis.
'Digital Flight Data Recorder (DFDR) and Cockpit Voice Recorder (CVR) of the ill-fated aircraft have been retrieved. AAIB (Aircraft Accident Investigation Bureau) is conducting investigations,' Civil Aviation Minister Hardeep Singh Puri tweeted, as fresh questions were raised on the safety parameters of the runway.
Govt plans to open restricted airspace that will cut travelling time and fuel consumption.
Clueless about their future in the wake of Archery Association of India's (AAI) derecognition, the young marksmen hope to make an appeal through their players' association with the season scheduled to commence in a couple of months time.
Modernisation and expansion of the Kolkata and Chennai airports are being carried.
Kerala Home minister Ramesh Chennithala said an inquiry has been ordered.
Country's archers have proved their mettle at the international level but they tend to choke at the biggest stage.
The government is looking at a new timeline for Air India disinvestment and financial bids will be invited in the coming days, Union minister Hardeep Singh Puri said on Friday. Noting that there is no choice but to either "privatise or close" Air India, he said the government will have to keep the airline running till it gets divested. "We are looking at another timeline now, what is called data room for prospective bidders to look at... that is opened up, 64 days for the financial bids to come in. "After that it is the question of taking a decision and handing over the airline," the Minister of State for Civil Aviation said.
The government is considering setting up air freight stations to enable direct movement of vaccines from pharmaceutical factories to the aircraft.
'Why did he do this?'
'He had achieved everything.'
The UPA Government is trying to push through the second wave of airport privatisation before the elections and the controversial elements of this process threaten to harm the sector.
Domestic airports across the country are bursting at the seams. And new ones are stuck.
Contact could not be established with the Indian Air Force flight IFC 31 after it left Male ATC for Mauritius airspace on Saturday, the Airports Authority of India said in a statement.
A memorandum of understanding was signed by the AAI and the Jharkhand government for establishing airports in both the cities in the presence of AAI Chairman and Jharkhand Chief Minister Arjun Munda.
Here are Sukanya Verma's favourite female performances of 2021.
Delhi International Airport, a subsidiary of GMR Infrastructure, will absorb all general employees of Airports Authority of India, working at Indira Gandhi International Airport, New Delhi. There are over 2,300 general employees of AAI.
The proposal was mooted at a Prime Minister's Office meeting.
The government has made clear that the Airports Authority of India will closely monitor the cost of airports built through the PPP route.
Mumbai International Airport Ltd (MIAL), the private airport operator, had earlier announced that all operations at the CSMIA will remain suspended between 2.30 pm and 7 pm as a precautionary measure in view of the cyclone Nisarga.
AAI would like the company to operate as a subsidiary in order to make sure that the revenue does not go out of its kitty.
Bengaluru and Delhi airports had the fastest growth in passenger traffic in 2016 among global peers.
Rajasthan's royal architecture and striking landscapes are a hot favourite among tourists and film-makers. Its majestic beauty and history has coloured many a movies and their visuals to unforgettable effect.
The move will help increase participation of retail investors, providing momentum to the primary market.
From a dismal Airport Service Quality ranking of 101 in 2006, it topped the list in 2016.
Kriti makes you smile and cry through her unexpected journey, notes Sukanya Verma.
Terming the election a start of a new era in Indian archery, Dielen said: 'We are pleased to see this progress and hope that this is really the start of a new era for Indian Archery.'
The civil aviation sector is witnessing a number of initiatives
As the Tata group inches closer to taking over Air India in January 2022, the $242-billion conglomerate will also inherit a stake in Kerala's Cochin airport. The Tatas would become the only airline to have an operational stake in a major Indian airport. The airport is a strategic hub connecting India to Middle East nations - home to the largest share of Indian migrant workers. In addition to Air India and Air India Express, private carrier Indigo also uses Cochin to ferry the lucrative 'Malayali Gulf traffic' to multiple locations like Jeddah, Riyadh, Sharjah, Dubai, Abu Dhabi, Doha, Kuwait and Bahrain, among others. According to regulatory filings, Air India has a three per cent stake in Cochin International Airport.
Crisis-hit SpiceJet may get the first round of its much-needed fund infusion in the next two days, while more may come in a month's time as part of an estimated $200 million investment plan, sources said on Thursday.
Billionaire Gautam Adani's Adani group on Monday said it has reached an agreement to acquire GVK group's shareholding and control of Mumbai airport.
The new ATC tower, being built at the Indira Gandhi International Airport in New Delhi by the Airports Authority of India, will be about 90-95 mt in height, taller than even the famous Qutub Minar.
SpiceJet slumped slumped almost 14 per cent amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier.
Adani Ports and Special Economic Zone and Adani Green Energy are the other two Adani Group firms to have crossed the Rs 1-trillion mark in m-cap.
In a series of tweets, Civil Aviation Minister Suresh Prabhu said Friday that all airlines must immediately respond to the concerns of passengers affected by Cyclone Fani.
Adani Airports is planning to centre its airport business around Mumbai and Ahmedabad by developing them as gateway airports, feeding them with traffic from other airports in the company's portfolio. The Ahmedabad-based conglomerate - with investments in logistics, transportation, utilities and energy - intends to spend Rs 35,000 crore in the airport business in the next five years. This forms the bulk of the conglomerate's total capex of Rs 50,000 crore. According to a presentation given by the company in an investor call with Bank of America, gateway airports of Mumbai and Ahmedabad will be connected with the feeder airports of Lucknow, Guwahati, Trivandrum, Jaipur and Mangalore.
