The Adanis', which already has won the bids to run six Airport Authority-built non-metro airports in Lucknow, Jaipur, Guwahati, Ahmedabad, Thiruvananthapuram and Mangalore, bid to enter the country's second busiest airport by buying out Bid Services Division Mauritius from MIAL was stalled after GVK chose to exercise its first right of refusal, and matched the Rs 1,248-crore offer that the Adanis made to the Bidvest in March.
Giving a push to aviation infrastructure development, government is planning to build 10-15 greenfield airports and modernising 50 others in the non-metro cities over the next few years.
AAI holds a minimum of 26 per cent equity in any of the joint venture in the form of assets, and the balance is with private sector/financial institution/state government for city-side development of viable non-metro airports.
In the upcoming round of privatisation, unviable airports are likely to be clubbed with six main airports and a prospective bidder may be restricted to bid for two airports.
Domestic air travel traffic has already seen a 23.87% rise over the same period in 2017.
The terminal and airside development of as many as nine of the 16 non-metro airports, supposed to be completed by next month, has been delayed till next year. This included construction and expansion of terminal buildings, runways and taxiways, among other things.
Through this, the company plans to bid for 35 non-metro airports coming up for development in India as well as international airport developments.
The civil aviation ministry and the directorate general of civil aviation plan to award the low-cost carriers some key morning and evening peak-time slots (a fixed time for departure or arrival of a particular flight) lying unused with the full-service carriers at metro airports like Delhi and Mumbai. DGCA officials and airline officials confirm that airlines like Jet and Kingfisher are not using around 10 per cent of their slots during the peak periods.
Latter's market share rises to 36.1% in Dec; best on-time performance across metro airports
Shiv Sena has so far expressed concerns over car shed for the city's planned metro network, the bullet train and the West Coast refinery projects.
Over a dozen private players, including Anil Ambani-promoted Reliance Energy Ltd (REL), real estate giant DLF and infrastructure majors GMR and L&T, are understood to have bid for modernisation of Udaipur airport.Other bidders in race for the project include Soma Constructions, L&T and Gammon India, besides Dubai-based ETA, the sources added.
According to Icra, domestic passenger traffic declined by 1.1 per cent in March, overall traffic saw a de-growth of 0.1 per cent in the month as international aircraft movement dipped by 1 per cent while domestic aircraft movement was flat.
MADC is a special purpose vehicle set up by Maharashtra to execute the multi-modal hub project at Nagpur, which includes an airport and a special economic zone.
The Tata Group and Singapore's Changi Airports International have agreed to jointly bid for the modernisation works of airports at Chennai and Kolkata as also vie for similar projects in non-metro airports.
Sources close to the development said the group will shortly take a decision on the business, which has seen interest from large houses like the Tatas and the Ambanis.
Meanwhile, the civil aviation ministry has announced the appointment of a task force, lead arrangers and consultants for the development of 35 non-metro airports in a phased manner at a cost of Rs 5,500 crore.
The carriers are divided over Patel's suggestions to increase tariffs.
For harried passengers flying peak hours from metros, no respite from delayed flights and landings is in sight.
The empowered group of ministers will take up tomorrow the modernisation plans of Delhi and Mumbai airports even as the government has cautioned low cost carriers on the present fare structure introduced by some of them.
Employees of the Airports Authority of India on Tuesday called off their nationwide agitation to ensure job security following the decision to privatise two metro airports
The government is expected to firm up, next week, its position on equity participation in two proposed companies for privatisation and modernisation of Delhi and Mumbai airports, official sources said on Friday.\n\n\n\n
Cabinet may decide on airport sell-off on Fri.
The government indicated on Saturday that an early decision was likely on the proposals of fleet acquisition by Air-India and Indian Airlines as well as of privatisating the four metro airports.
Finance Minister Jaswant Singh on Friday announced in his Budget speech that two separate companies would be formed to raise the airports in Delhi and Mumbai to international standards.
The civil aviation ministry is open to the idea of raising the foreign direct investment level from the present 40 per cent to 49 per cent, even as there are indications that a decision on the issue could be taken in the Union Budget.
Banks want government to retain 40 per cent of Jet slots at all airports to ensure a new owner can kick-start operations soon after taking over.
The first hurdle is how long Jet Airways can enjoy rights over its parking slots at various airports.
AI gets govt nod to hire 800 more cabin crew.
The airports chosen for operation, management and development through a public-private partnership model are those in Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
Airline pares capacity on routes like Mumbai-Delhi and Mumbai-Bengaluru on weekends, uses freed up slot at Mumbai to fly Amritsar, Patna, Varanasi
The annual Routes event attracts top representatives from a wide variety of organisations, including airlines and airports, who meet, plan and conduct business for new global routes.
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.
Jet Airways requires at least 200 more pilots to carry out its operations in a seamless manner
Delhi airport, the country's busiest, runs out of slots due to runway capacity constraints.
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