Delegates of all G20 countries, barring China, arrived in Srinagar on Monday for the third working group meeting on tourism -- a much-anticipated event for which authorities have made extensive security arrangements and spruced up the summer capital of Jammu and Kashmir.
The government is likely to allow state-owned Airports Authority of India to raise Rs 5,000 crore (Rs 50 billion) through infrastructure bonds to enable it to finance its ongoing programme to modernise and expand a large number of airports across the country.
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.
An anthropologist and academician from the United Kingdom involved in research on fishing communities in Kerala on Monday approached the Delhi high court against denial of entry into India and his deportation upon arrival at Thiruvananthapuram airport earlier this year.
The passengers included 10 foreigners, according to the state-run Nepal Television.
The Union Cabinet on Wednesday approved the handing over of Dr Babasaheb Ambedkar International Airport in Nagpur to a joint venture (JV) company for upgrading it to a multi-modal international passenger and cargo hub.
The accident occurred at 7:45 pm while the pilot was attempting to land the B737 Air India Express from Dubai at the tabletop runway of the Karipur International Airport.
While Air India and Jet Airways flights to Kathmandu were grounded at Indira Gandhi International Airport in New Delhi, no-frills airline AirAsia's Goa flight from Bengaluru also failed to take off on scheduled time due to similar reasons.
The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go First's plea seeking voluntary insolvency resolution proceedings and interim moratorium on financial obligations while aircraft lessors vehemently opposed the petition. Amid the airline facing severe financial crunch and cancelling flights, a two-member NCLT bench comprising Justice Ramalingam Sudhakar and Member L N Gupta heard the arguments for and against the petition for nearly four hours. As aircraft lessors opposed the plea, the counsels for Go First said the petition was not a malicious one to avoid payment of dues to its creditors but to save the company.
According to the resolution plan, the airline is planning to start with six to seven aircraft on domestic routes and looking to restart international service within six months of resuming operations.
Stocks of public sector undertakings (PSUs) have been on fire in the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest. The S&P BSE PSU Index has gained over 90 per cent in the past year, rising much higher than the S&P BSE Sensex, which has rose nearly 19 per cent during this period, according to ACE Equity data. The BSE PSU Index, reports show, has delivered a compound annual growth rate (CAGR) of 28 per cent (including dividends reinvestments) over five years and risen by almost 60 per cent in the past year.
The entire area has been cordoned off and National Disaster Management Authority has also been informed about the incident.
The aviation regulator DGCA said on Friday that it was extending the suspension of scheduled international passenger flights in the country till July 31 but added that some international scheduled services on selected routes may be permitted on a case to case basis. Scheduled international passenger flights were suspended in India on March 23 due to the coronavirus pandemic.
With the ongoing Parliament session -- the last for this Lok Sabha, witnessing continued turmoil, there are indications that the legislation would be tabled in the Rajya Sabha so as to keep it alive for the new House to take it up.
All in-coming and out-going flights operated on schedule from the airport even as employees struck work.
What has happened that the overall airport experience in Delhi and Mumbai is so much better than what it used to be earlier?
Over 70 per cent of Jet's fleet has been grounded, leading to massive cancellations.
The Maharashtra Cabinet on Thursday approved setting up of the company for development of Nagpur airport's Cargo Hub Project.
Agra, Shimla, Nanded, Kanpur and Jamshedpur are among the many airports that would see connectivity under Udan.
Rivals say the concessions would benefit AirAsia alone.
GMR Hyderabad International Airport Limited (GHIAL) is unlikely to post profit in the near future even after the proposed hike in the user development fee (UDF) from Rs 340 to Rs 420 for domestic passengers and from Rs 907 to Rs 1,656 for international passengers, effective November 1.
Airlines may get to do terminal-side ground handling. Currently, it is an outsourced activity.
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.
Cash and carry basis means the airline will not be allowed to operate flights out of Mumbai unless it pays for landing and parking for each movement on an immediate basis.
It was found to be a false alarm.
In the five years in politics Priyanka Gandhi has undeniably emerged as a thorn in the BJP flesh, notes Nilanjan Mukhopadhyay. It is time that this thorn is twisted a wee bit more when the elections have become far more uncertain than what it was when the Election Commission announced the poll schedule.
The government is organising evacuation flights for Indians in Ukraine, the sources said, adding that the cost will be completely borne by the government.
China plans to build a new highway along the Line of Actual Control (LAC) with India as part of Beijing's efforts to strengthen its strategic position and project its power, a media report said on Wednesday.
The 'Holi celebrations' event was organised by the Governor in the honour of the visiting dignitary and his delegation.
The biggest let down for India's aviation sector has been the failure of the government to privatise Air India, says Anjuli Bhargava.
Kerala Chief Minister Pinarayi Vijayan on Sunday lashed out at Governor Arif Mohammed Khan for calling a group of protesting Students' Federation of India (SFI) members 'criminals' and said the Bharatiya Janata Party-led central government has 'let loose such a deranged man'.
The Centre's ambitious Rs 6-trillion National Monetisation Pipeline (NMP) could fall short of yearly targets for the current fiscal year (FY22) and the next one as well (FY23), partly due to the long gestation period in monetising big-ticket railway infrastructure, Business Standard has learnt from sources in the finance and rail ministries. Officials say the major chunk of railway monetisation will happen from FY24 onwards because leasing some of the infrastructure, like stadiums and dedicated freight corridor, will not happen anytime soon. Rail infra is expected to be the second-biggest contributor to the NMP, with about Rs 1.52 trillion worth of assets to be monetised.
Govt plans to open restricted airspace that will cut travelling time and fuel consumption.
The government's regional connectivity scheme UDAN has witnessed a slow progress of implementation, as not even 50 per cent of the route have been operationalised and the second wave of the pandemic, which started from mid of March 2021, may impact it further going forward, according to a report. Rating agency ICRA in its report on Tuesday said that there is likely to be a further delay of two years in achieving the target of operationalising as many as 100 unserved and underserved airports and starting at least 1,000 RCS routes by 2024. Aimed at enhancing regional connectivity through fiscal support and infrastructure development, the maiden flight under the Ude Desh Ka Aam Nagrik (UDAN) scheme was flagged off by Prime Minister Narendra Modi from Shimla for Delhi on April 27, 2017.
The bill to set up an Airport Economic Regulatory Authority, which will fix tariffs for different agencies involved in airport operations and management, will be introduced in the budget session of Parliament next year.
The appointment of Agarwal, who would replace Dr K Ramalingam, has been approved by the Appointments Committee of the Union Cabinet, official sources said.Agarwal has been member (Planning) of the state-owned airports body since November 2006 and had served as executive director of the Northern and Northeastern Region earlier.
Spirit Air Private Ltd, a Lucknow based private air-taxi service provider, entered into an agreement with DTDS Travel and Tour Planner Pvt Ltd, to begin its service on Airport Authority of India's controlled airports such as Ranchi, Gaya and Patna.
International Lease Finance said on Monday it had removed one of six aircraft stranded in India by the dispute over the suspension of operations at Kingfisher Airlines. This decision comes after the DGCA's meeting with Airports Authority of India and the civil aviation ministry.
