The central government laid the foundation stone for the Bhogapuram greenfield international airport project (Vizianagaram) on February 14, 2019. The project will be developed at an investment of Rs 42.09 billion on a public-private partnership […]
The central government laid the foundation stone for Phase II of the Chennai airport modernisation project on February 10, 2019. The modernisation works, expected to involve at an investment of Rs 24.67 billion, include enhancement […]
The Andhra Pradesh government inaugurated the Orvakal greenfield airport located in Kurnool district on January 9, 2019. With this development, commercial flight services from the airport are expected to commence by April 2019. The airport […]
Etihad Airways has purchased Jet Airways’ tickets worth $35 million (Rs 2.52 billion) in advance through its loyalty programme Jet Privilege, thereby infusing funds into the ailing airline. The tickets will be offered to Jet […]
The central government inaugurated the Kannur international airport in Kerala on December 9, 2018. The airport was developed at an estimated cost of Rs 23.5 billion through a special purpose vehicle (SPV), Kannur International Airport […]
The Kerala government has formed an SPV – Thiruvananthapuram International Airport Limited – to take over the operations and management of the airport, which has recently been approved for privatisation. Thiruvananthapuram airport is among five […]
The central government and the MoCA have laid foundation stone for the development of a new civil enclave at the existing Darbhanga airport in Bihar. A new terminal building will be built on 15,000 square […]
The Punjab government has entered into an MoU with the Airports Authority of India (AAI) to develop a new civilian international air terminal at the Halwara air force station near Ludhiana. The airport will be […]
Jet Airways has signed a code-share agreement with Saudi-based airline Flynas to operate flights in their respective territories, effective December 11, 2018. As part of the agreement, Jet Airways will place its marketing code “9W” […]
AAI is set to acquire a 51 per cent stake in the Dholera international airport in Gujarat. Once the transaction is completed, the Gujarat government will hold a 33 per cent stake while the central […]
The government has cleared a plan to transfer about Rs 290 billion working capital debt to the SPV Air India Assets Holding Limited. The proposed move will help reduce which annual interest burden substantially. At […]
The Kannur international airport in Kerala was inaugurated on December 9, 2018. The airport was developed by a special purpose vehicle (SPV) – Kannur International Airport Limited – at an estimated cost of Rs 18.92 […]
The government has given in-principle approval for leasing out the operations, management and development of six airports on a public-private partnership (PPP) basis. The six airports – Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru – […]
The government is expected to soon announce a programme that will provide viability gap funding (VGF) for cargo flights connecting the hinterland to major urban hubs of the country. Through this programme, the government aims […]
The government is planning to roll out the Cape Town Convention Act which will help reduce risks related to asset-based financing and leasing transactions in the civil aviation sector. The main objective of the convention […]
The Ministry of Civil Aviation has cleared the international air connectivity scheme for Guwahati under which Guwahati airport will be connected to seven countries – Singapore, Bangladesh, Bhutan, Nepal, Myanmar, Malaysia and Vietnam. As per […]
ITD Cementation India Limited has won a contract worth Rs 3.58 billion for the construction of a new integrated terminal building, reconstruction of the old terminal building and other modification works at Pune (Lohegaon) airport. […]
The Ministry of Home Affairs has given security clearance for the construction of the Mopa International Airport in North Goa. The airport will be constructed by the special purpose vehicle (SPV) – GMR Goa International […]
The government has prepared a new revival plan for Air India which involves transferring the airline’s working capital debt of about Rs 290 billion to an SPV known as Air India Assets Holding Limited. At […]
The central government has cancelled the routes that were awarded to two airlines – Air Odisha and Air Deccan – under Phase I of the Regional Connectivity Scheme as both the airlines were unable to […]
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