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.
Defence aircraft as also a couple of civilian ones ferried people to Delhi and Hyderabad since morning even as the Indian air Force flew sorties to bring more people to the naval base that has played a critical role in the overall operations.
A major fire broke out in one of the hangars at Begumpet airport in Hyderabad late Monday night in which an aeroplane and a helicopter are suspected to be gutted, fire department officials said.
In a freak accident, an aircraft technician died after being sucked into the engine of an AI aircraft during push back at the Mumbai airport on Wednesday evening.
Tata-SIA joint venture carrier Vistara on Friday announced scaling up of operations and said it plans to operate 164 flights per week.
Trade union leader M K Pandhe says the Airport Authority of India can build better airports than private companies.
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.
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.
No matter which route you may take to travel, you are forced to pay for the fees development of a road, a bridge, airport or a flyover. You may be offered more amenities but everything comes at a steep price!
Move is aimed at bringing private operators to run airports.
IndiGo's Sharjah-Hyderabad flight was diverted to Karachi as a precaution on Sunday after pilots observed defect in one of the engines, officials of aviation regulator DGCA said.
G V Sanjay Reddy, vice chairman of the GVK Group, elaborates on his plans for the much-awaited Mumbai airport makeover.
Bangalore's new airport will be ready on March 7 to receive the first commercial test flights. It plans to start commercial operations on March 28 or 30, soon after Hyderabad's new airport does so on 16 March.
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.
Samples of 20 suspected cases of swine flu were found to be negative while results of three persons are awaited, even as the government on Wednesday issued an advisory warning against indiscriminate use of the medicine Tamiflu, which is the only drug to cure the disease.
What some of our leaders were up to on over the weekend.
Hari Narayanan shares his experience of travelling by an Uber auto to Coimbatore airport.
Kuldeep Yadav is the best spinner going into the World Cup and will give India a distinct advantage in the middle overs through the course of the 50-over showpiece, reckons former Pakistan captain Intikhab Alam.
A trainee pilot and his trainer were killed when their Cessna trainer aircraft crashed in to thickly populated area near Begumpet airport in Hyderabad on Monday morning.
Reader Subrajit sent us this picture from Frankfurt.
A senior DGCA official said that the flight has been grounded and a detailed probe has been ordered into the matter. All the passengers are safe.
Miscommunication with the ATC is said to have caused the near-miss. DGCA probe underway.
This is the first time in the history of the airport operator that revenue crossed Rs 10,000 crore.
Private airports in India will be freed from all government restrictions except air traffic control and security, a government spokesman said.\n\n\n\n
Norms limiting airlines' stake in SPVs managing airports to hurt Tatas.
Lanco Infratech Managing Director Venkatesh Prasad was caught with Rs 34 lakh (Rs 3.4 million) in cash at the Hyderabad airport by income tax officials on Saturday.
Two persons were arrested at the Hyderabad international airport late on Friday night after 10 kg of Mandrix drug was allegedly found in their possession. The drug is estimated to be worth Rs 3 crore in the international market.
The government on Thursday said 18,600 toys have been seized in the last one month from major retail stores, including those of Hamleys and Archies, at airports and malls across India for lack of BIS quality mark and use of fake licences. Meanwhile, consumer protection regulator CCPA has also issued notices to three major e-commerce players -- Amazon, Flipkart and Snapdeal -- for alleged violation of toys quality control order, it said. Since January 1, 2021, the government has made it mandatory for toys to conform with safety norms specified by the Bureau of Indian Standards (BIS), a national standard setting body.
It has been lowered to 'IND BBB+' from 'IND A-', besides placing the rating on 'Rating Watch Negative' (RWN).
'Airports must look at their maximum capacity to handle passengers.'
A loss of revenue from liquor sales will have to be compensated through increased landing and parking charges on airlines, which, in turn, will pass on the cost to flyers.
Operators developing greenfield airports (built from scratch on undeveloped land) are likely to face increased competition, with the Ministry of Civil Aviation considering tweaking the norms to allow such airports to be developed within 150-km radii of existing ones.
Extended check-in time, frequent disinfection every hour, additional queue managers at entry, exit, boarding point, check-in halls, security check areas and boarding gates, with social distancing markers and reminders - welcome to our airports post-coronavirus.
GMR Infrastructure, the company which won the contract to modernise the Delhi and Hyderabad airports, is planning to come out with an IPO next week.
Infrastructure developer GMR Infrastructure said on Wednesday it has tied up with Plaza Premium Lounge of Hong Kong for maintaining and managing lounges at the New Hyderabad International Airport.
