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.
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.
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 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).
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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.
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.
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.
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.
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.
Kirodi Lal Meena has resigned as a minister in the Rajasthan government following the Bharatiya Janata Party's underwhelming performance in the Lok Sabha polls in the state.
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.
Paralympic star Kumar Nitesh cites BAI apathy, wants badminton to be placed under PCI as para shuttlers needed to be treated on par with their able-bodied counterparts.
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.
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.
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.
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.
These styles will bring out the Marathi mulgi in you on Gudi Padwa.
Airports authority demands Leela fork out 7.5% of gross turnover of Mumbai hotel as royalty.
The DGCA has derostered the Air Traffic Controller (ATC) who was on duty at the time of the incident on Saturday, while IndiGo has initiated a probe into the matter
The Delhi airport, the country's busiest airport, on Friday early morning witnessed the collapse of a roof at Terminal 1 amid heavy rains that killed one person, prompting the government to order a detailed probe and an inspection of the structural strength of all airports.
The Airports Authority of India on Saturday announced plans to upgrade the Biju Patnaik airport in Bhubaneswar to international standards by investing Rs 250 crore (Rs 2.5 billion).
The AAI, which manages the Juhu airport, has proposed to extend the existing 1,140-metre runway by 700-800 metres to enable it to accommodate turboprops and small passenger jets.
