The warning had come after SpiceJet's dues to AAI (including interest at 12 per cent) exceeded Rs 300 crore (Rs 3 billion) this month -- from Rs 230 crore (Rs 2.3 billion) early December last year.
The aircraft has accumulated these dues off route navigation, landing and parking at its airports.
The Centre has agreed in principle to grant 'mini-ratna' status to Airports Authority of India (AAI) to enable it to take up projects worth up to Rs 500 crore (Rs 5 billion) without taking government approval. Such a decision would also enable AAI to form joint ventures with private companies to modernise airports and aviation infrastructure across the country, sources in the civil aviation ministry said.
The Archery Association of India (AAI) secretary general Paresh Nath Mukherjee is planning to resign from his position taking moral responsibility of disastrous performance of archers at the London Olympics.
Pawan Hans could command a valuation of 8-10 times earnings.
To tap Indian civil aviation market's growth potential, the government on Saturday announced a modified regional air connectivity scheme UDAN (Ude Desh ka Aam Naagrik) to connect 120 new destinations, airport projects in Bihar and upgradation of infrastructure for air cargo in the Union Budget.
Film families celebrate Diwali with memorable pictures on social media.
The Prayagraj airport in India is experiencing a surge in air traffic due to the Maha Kumbh, a major religious festival. The airport is handling an average of 40 non-scheduled charters and private jets daily, with figures reaching 70 on weekends. This is in addition to the average 148 scheduled commercial passenger aircraft operating daily. The airport recently received a contingent of about 180 politicians from Rajasthan and has seen corporate bigwigs like the Ambani brothers, Gautam Adani, and Pawan Munjal pass through. The airport has also hosted four international flights since the beginning of the Maha Kumbh, including a flight carrying Laurene Powell Jobs, the wife of Apple co-founder Steve Jobs. The airport is currently undergoing an upgrade and expansion, and officials are looking forward to the government's plans to integrate Prayagraj with the airports at Kashi and Ayodhya to promote tourism in the region.
The grounded airline owes Rs 290 crore (Rs 2.9 billion) to AAI towards landing and parking fees.
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.
The Supreme Court on declined to stay the transfer of an estimated 1,600 employees of Airport Authority of India (AAI) to various places following privatisation of Delhi and Mumbai airports.
The creation of joint ventures by Delhi International Airport Ltd (DIAL) has not impacted its revenue share, says the Airports Authority of India (AAI).
In the last five years, AAI had developed and upgraded 58 airports, including 35 non-metro airports.
Announcing this at a conference on Communication, Navigation and Surveillance systems, AAI Member (Operations) G K Chaukiyal said that the low-cost airports would be built over 10 years in an effort to reduce the cost of operation.
With the much-awaited elections to the Archery Association of India (AAI) drawing closer, the national convenor of Clean Sports India B V P Rao, who will be challenging incumbent president V K Malhotra, has raised several issues to ensure that the elections are free and fair.
AAI planned to achieve gross sales of Rs 7,760 crore (Rs 77.6 billion) in 2013-14 which is approximately 23 per cent higher than the target of 2012-13, the state-run airports body said in a release.
The Kozhikode international airport at nearby Karipur in Mallapuram district of Kerala, which had been temporarily shutdown after violence erupted on Wednesday night following the death of a Central Industrial Security Force jawan, began operations on Thursday morning with arrival of two flights.
Proposals for listing of AAI and Pawan Hans have been made in the Draft Civil Aviation Policy, released by Raju.
The Airports Authority of India (AAI) has assured SHiv Sena workes that it would stay the transfer orders of its 2,500 employees after the workers agitated at the Mumbai airport on Monday and threatened that the concerned employees would stop working if demands were not met.
The total amount of penal interests charged from the defaulting parties stood at about Rs 115 crore.
In dire need of funds to finance modernisation of several airports, the Airports Authority of India (AAI) has invited bids to raise funds to the tune of Rs 300 crore (Rs 3 billion) from the bond market to meet its capital expenditure requirements, its officials said.
A threat about the presence of bombs on an Akasa Air flight at Biju Patnaik International Airport in Bhubaneswar was received on social media, but it later turned out to be a hoax, an official of the airport said on Thursday.
Six senior Airports Authority of India officials have been suspended after a preliminary CBI probe found them allegedly favouring a private firm while awarding ground handling service contracts at some airports.
Only 9 per cent of the over 2,300 employees of the Airports Authority of India (AAI) working in Delhi airport have opted for a voluntary scheme to join the GMR group-promoted Delhi International Airport Ltd (DIAL), the public-private joint venture that is modernising the airport.
When members raised the issue of development fees being levied in privatised airports such as in Delhi and sought abolition of such fees, he said the government had already constituted the Airport Economic Regulatory Authority entrusted with the responsibility of deciding on the issue. Members pointed out that while it was the responsibility of private players to develop the airports, they were charging the passengers for the work.
Employees of the Airports Authority of India have strongly opposed the move to privatise the airports in Mumbai and Delhi in the "guise" of their being restructured or leased out.
Film folk celebrate Ganesh Chaturthi by bringing Lord Ganesha home and making beautiful memories on social media.
Lok Sabha on Friday passed the Airports Authority of India (Amendment) Bill, 2003 paving the way for private investment in greenfield airports and restructuring of existing airports.
The government had last week decided to set up the 51 airports to enhance air connectivity to small cities in Andhra Pradesh, Jharkhand, Bihar, Punjab, Uttar Pradesh, Assam, Arunachal Pradesh, Madhya Pradesh, Rajasthan and Maharashtra.
ATC operations provide over 60 per cent of AAI revenue. The move is to ensure focus on revamp of ATC, particularly the key area of staff hiring, where there is a big shortage.
The meeting, organised to mark the culmination of the Vigilance Awareness Week observed at all airports across the country, saw AAI chairman V P Agrawal highlighting steps to spread awareness about systemic improvements for delivery of corruption-free services, keeping in mind the variety of the airport body's clientele including major foreign players.
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.
AAI's plea to raise a similar amount through tax-free infrastructure bonds in 2009 to develop 35 non-metro airports was rejected by the government then. The modernisation and upgradation work on many of these airports has already been completed.
Instead of giving away the airports to the private sector 'on a platter', state-run Airports Authority of India should form a subsidiary or a special purpose vehicle to grant management contracts to entities having expertise in the field, the panel recommended.
Airports authority demands Leela fork out 7.5% of gross turnover of Mumbai hotel as royalty.
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Cyclonic storm Fengal has commenced making landfall close to Puducherry and it may approximately take 4 hours for it to cross the coast completely, an India Meteorological Department (IMD) official said. The process of the cyclone's landfall commenced at about 5.30 pm on November 30. The IMD said the forward sector of spiral bands associated with the cyclone has entered into the land and is likely to move west-southwestwards and cross north Tamil Nadu-Puducherry coasts between Karaikal and Mahabalipuram close to Puducherry as a cyclonic storm with a wind speed of 70-80 kmph gusting to 90 kmph during next 3 to 4 hours.
The trails of mega-mergers, tailwinds of expanding fleets, flights and airports will dot the fast-growing Indian aviation firmament in 2025, though the dark clouds of supply chain woes will persist longer. Also, new airline takeoffs, the future trajectory of revised norms to tackle pilot fatigue and efforts to reduce carbon emissions will be on the radar.
