With better utilisation of slots, foreign flying rights, and greater international connections, the operator of India's largest airport feels a privatised Air India will bring commercial benefit to Delhi airport and help it revive quicker from the pandemic shock. Delhi is the largest hub for Air India, with most of its long-haul flights to the US and Europe being operated from here. The airport plans to give its most modern terminal 3 (T3) exclusively to the Tata Group.
The proposed legislation on Emigration (Overseas Mobility (Facilitation and Welfare) Bill, 2024) seeks to replace the Emigration Act of 1983 with a view to facilitate the circular mobility of people intending to emigrate for overseas employment.
GMR Hyderabad International Airport Ltd, the consortium operating the new Hyderabad airport, has offered to halve ground-handling charges even as the civil aviation ministry allowed the domestic carriers to undertake their ground-handling till January 1, 2009. This will give the two sides enough time to resolve the contentious issue, which almost jeopardised the opening of the new airport and forced a postponement once.
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.
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.
Three Indian companies are among the six shortlised to bid for the privatisation of the Male International Airport in Maldives.
The 14th Additional Chief Metropolitan Magistrate court issued the NBWs on March 10 against the now-defunct Kingfisher Airline
Hyderabad has contributed only Rs 20,022 crore out of Andhra Pradesh's total revenue of Rs 1,27,866 crore. This information was part of a note circulated by the Union finance ministry to the Group of Ministers looking into issues leading up to the bifurcation of the state.
India's pioneer of low-cost carriers GR Gopinath is in talks with Cochin International Airport Limited, India's first privately operated airport, to set up a joint venture for dedicated cargo facilities across the country.
Bodies of four students from a Hyderabad-based engineering college, who were washed away along with their classmates in Beas River in Himachal Pradesh, were brought home by a special Army aircraft.
At present, the Mactan Cebu International Airport can handle seven million passengers a year
'It was inspired by the Hamas attack and was like their attack -- well planned and well executed.'
GVK Airport Holdings, a subsidiary of Hyderabad-based infrastructure developer GVK Power & Infrastructure Limited (GVKPIL), has signed a share purchase agreement with Bid Services Division Mauritius (BSDM) to buy 13.5 per cent in Mumbai International Airport Private Limited (MIAL). The value of the deal was not disclosed.
West Asian carriers are up against Air India and IndiGo in the battle for seats on lucrative international routes.
G V Sanjay Reddy, vice chairman of the GVK Group, elaborates on his plans for the much-awaited Mumbai airport makeover.
We've witnessed the first phase of the mess in the country's public sector-driven aviation sector. In the absence of properly-thought-out rules, the next, a privately-driven one, awaits us.
Nuts, whiskey, dark chocolate, milk chocolate, cream... Can anything be more wicked?
Fares to key routes such as Delhi, Bengaluru, and Hyderabad may shoot up 80 per cent
The reasons for non-payment remain unknown. GHIAL spokesperson, Arun Bhagat, refused to comment.
Airfares have nearly doubled in a matter of days on routes hit by the cancellation of 200 weekly flights linking Mumbai airport to 12 cities. The fares have soared as high as 193 per cent following a recent government order to cancel flights to ease "persistent congestion" that was causing delays. Aside from the reduction in flights on 12 routes, two destinations - Hubli and Jabalpur - have lost connectivity with Mumbai since last week, according to aviation analytics firm Cirium's data reviewed
Nearly 80 domestic and international flights received bomb threats in less than 24 hours that later turned out to be hoaxes, keeping thousands of passengers and security agencies on tenterhooks.
India and Qatar on Tuesday agreed to elevate their relationship to a strategic partnership and double bilateral trade to USD 28 billion over the next five years. Prime Minister Narendra Modi and Qatari Amir Sheikh Tamim Bin Hamad Al-Thani signed agreements and MoUs to strengthen economic cooperation, including a revised double taxation avoidance agreement. The strategic partnership will cover the "entire spectrum" of the bilateral relationship, including trade, energy security, and regional and international cooperation. Both leaders also discussed ways to further strengthen and broaden the energy partnership, including "exploring mutual investments." The Amir's visit provided an "excellent opportunity" for the top leadership of the two countries to discuss and "cement a strategic partnership for enhanced future cooperation."
The Congress on Wednesday disrupted the functioning of the Rajya Sabha over the naming of the Hyderabad domestic airport, contending that Rajiv Gandhi's name has been removed and should be restored, a demand rejected by the government.
The Adanis were the highest bidder for the Ahmedabad, Thiruvananthapuram, Lucknow, Mangaluru and Jaipur airports.
Earlier in the day, state home minister Anil Deshmukh, also of the NCP, said that it was "extremely ill-advised" to reopen airports in red zone amid the coronavirus pandemic.
It also has the largest wingspan of any aircraft in operational service.
The airport, which will now be built to handle 20 million passengers, will likely start operations by mid-2020. However, rating agency CRISIL in its report in May-end had said operations are expected to start in 2023.
An airport in Noida could lead to higher user fees and diversion of traffic from Delhi, which has huge unused capacity.
Karnataka Governor Thaawarchand Gehlot was on Thursday denied boarding on an Air India subsidiary AIX Connect flight over alleged 'delay' in reporting.
In the termination letters, RIL mentioned that the business has been impacted by the slowdown and the company was not in a position to continue with their employment. Employees who would resign will get one month's salary as compensation. When contacted, an RIL spokesperson declined to comment on the development.
GMR Hyderabad International Airport Limited (GHIAL), promoted by the GMR Group, has devised a three-pronged strategy to improve its revenues in the wake of a dip in the real estate market here, sources close to the development said.
Delhi's ritzy Terminal 3 is on the global top 5 list on social media and the first among Asian airports on social media.
The matter relates to cheques issued by Kingfisher to GMR Hyderabad International Airport.
Having cleared over 200 special economic zone proposals, the Board of Approval will take up 46 fresh cases on Friday.
State Bank of India will lend about Rs 20,000 crore (Rs 200 billion) for operators participating in the auction for third-generation (3G) spectrum, SBI Chairman OP Bhatt said.
The duo departed from the Rajiv Gandhi International airport in Hyderabad.
Mallya is understood to be in the UK after he left India on March 2.
Hyderabad-based diversified infra group GVK is likely to finalise stake dilution in its airport business over the next couple of months and the proceeds will be used to clear Rs 2,500-crore (Rs 25 billion) non-operational debt.
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