Adani Enterprises Ltd, the flagship incubator of billionaire Gautam Adani's conglomerate, on Thursday reported a 37 per cent drop in March quarter net profit, bogged down by one-time past airport dues and commercial mining losses. Its consolidated net profit of Rs 450.58 crore in January-March - the fourth quarter of fiscal year 2023-24 - compares to Rs 722.48 crore net profit in the same period last year and Rs 1,888.45 crore earning in the preceding quarter, according to a stock exchange filing by the company.
A nine-day Kashmir trip ended on a sour note for the Shah family of Ahmedabad with an unscheduled diversion and an expensive road ride back home. The Shahs were among hundreds of passengers whose travel plans went awry with Go First suspending all flights till Friday. "We were supposed to travel from Srinagar to Ahmedabad via Mumbai on Tuesday.
The suburban areas received around 20 mm rainfall in just three hours starting 8.30 am, an official at the India Meteorological Department's centre in Mumbai said.
Firms are still barred from holding board positions in the special purpose vehicle that will develop the airport.
The DGCA has issued multiple fines and warnings to Air India over the past three years, flagging serious concerns in flight operations, cockpit discipline, and internal accountability.
The metro, it seems, is politics-proof -- even if it comes at a high cost.
IndiGo has about 40 per cent market share, more than double that of Air India's 14.8 per cent.
'Skirmishes with officials in the Press Information Bureau were an everyday affair as the newspapers sought clearances from the media censors for publishing the next day's editions'
The airport operator currently levies a development fee of Rs 600 from an international passenger and Rs 100 from a domestic traveller.
An exclusive interview with MIAL MD G V Sanjay Reddy.
The on-time performance (OTP) of Indian carriers took a major dip in January as dense fog foiled their flight schedules. According to data from the Ministry of Civil Aviation reviewed by Business Standard, five out of six major Indian carriers - IndiGo, Air India, AIX Connect, Akasa Air, and Vistara - recorded their lowest OTPs in at least the last 11 months. In response to queries, an Air India spokesperson said that during this winter, northern India experienced unusually prolonged periods of dense fog affecting traffic at the airline's two largest hubs -- Delhi and Mumbai.
Realty plans hit roadblock; delay could hit modernisation
The notice for clearing the dues, served 10 days ago, gave the airliner 7 days time to make the payment but it has not yet responded, Mumbai International Airport Limited sources told PTI on Monday.
Prime Minister Manmohan Singh on Friday inaugurated Mumbai airport's integrated terminal, T2, which will boost the airport capacity to 40 million.
The GVK Group-run MIAL issued a notice to the airline on Thursday.
The Chhatrapati Shivaji International Airport (CSIA) has launched India's first ever indoor navigation app.
There is little that Andreas Schmid, the Swiss-born chairman of Flughafen Zurich AG (Zurich Airport International AG), and Yogi Adityanath, chief minister of Uttar Pradesh (UP), could have in common. But Schmid, whose company is building the Noida airport in partnership with the UP government, finds himself on the same footing as the firebrand Hindutva leader who rules the state. Both hope the Rs 30,000-crore ($4 billion) project, hanging fire for 20 years, shows some progress when UP goes to the polls in 2022.
"A passenger named Sanjay Mallik on Indigo flight 6E181 from Delhi arrested by CISF on landing at 1145 hours," a spokesperson for the Mumbai International Airport Limited told PTI.
Panic gripped a Chennai-bound Jet Airways flight carrying 153 passengers after a fire alarm in the cockpit went off when the plane was on the taxiway for takeoff tonight and 30 of them were injured during evacuation by emergency chutes.
Even as the cloud of uncertainty hangs over Jet Airways' Executive Director Saroj Datta's future in the airline, the company announced on Tuesday the resignation of its Senior Vice-President N Hariharan and Vice-President (flight operations) Ritzerwan Bin Rashid. Rashid's resignation came into effect on May 15 2008. Rashid has been replaced by Declan Connolly.
National carrier Air India's domestic operation was affected today in the wake of the ongoing strike by the 55,000 officers of 14 state-run oil companies. Jet Airways had also made all arrangements at its end, so that it was not affected, its chief executive officer Wolfgang Prock-Schuaer said in a statement on Tuesday.
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The state government's notification, which was issued earlier in the week, quoted the civil aviation ministry's letter urging quick rehabilitation of slum dwellers due to security threat.
'Whoever is doing it (threats to airlines), they are actually carrying out a recce.' 'This is the manner in which terrorists strike.'
Bengaluru and Delhi airports had the fastest growth in passenger traffic in 2016 among global peers.
SpiceJet owes around Rs 240 crore (Rs 2.40 billion) to the Airports Authority of India (AAI) for using its airports in the country.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
Haryana has done well in terms of economic growth over the last couple of decades. For it to continue to lead the growth ladder, the new government has to work hard on multiple dimensions, recommend Shishir Gupta and Rishita Sachdeva.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
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.
Using credit or debit cards abroad can prove costly.
An airport in Noida could lead to higher user fees and diversion of traffic from Delhi, which has huge unused capacity.
The ones chosen for operation, management and development through a public-private partnership model are Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
Besides, another 350-odd flights -- both arriving and departing -- were delayed between 28-51 minutes (till 7 pm), as per the live flight tracking website Flightradar24.
Airlines and airports are devising their own standard operating procedures, with a limited number of flights being planned to enable social distancing on ground and inside aircraft. The AAI guidelines also state that airport facilities such as smoking rooms, kids play areas, and prayer rooms shall be restricted to a limited number of people, to minimise gathering.
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
According to aviation industry sources, around 630 domestic flights of Monday were cancelled due to the Centre's Sunday night announcement that there would be no flights in West Bengal and Andhra Pradesh, and limited operations at major airports such as Mumbai, Chennai and Hyderabad.
A 58-year-old man died after a power transformer fell on him in Raigad district. 2 people died and 3 were injured in two separate cyclone-related incidents in Pune.
The sprawling warship building facility caters to the combat vessel requirements of not only the Navy, but also the Coast Guard.
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