Aviation

Airport operators have rejected the proposal of the Airports Economic Regulatory Authority of India to provide their comments on the comparative study conducted by EY to ascertain the fair rate of return (RoR) earned on […]

The Andhra Pradesh government approved the development of the Bhogapuram Greenfield International Airport Project (Vizianagaram) on a public-private partnership (PPP) basis on June 19, 2018. Besides, the state government has approved a rate of Rs […]

The central government has decided to not go ahead with Air India’s stake sale in the election year 2019-20 and will provide the funds required for its continued operations. The decision was taken during a […]

Vistara has signed preliminary agreements with Airbus and Boeing for purchasing 19 narrow- and wide-bodied aircraft valued at $3.1 billion. The letter of intent signed with Airbus comprises an order for 13 A320 and A321neo […]

The Uttar Pradesh government has signed an MoU with the Yamuna Expressway Industrial Development Authority (YEIDA), and the Noida and Greater Noida industrial development authorities to monitor and fast-track work on the proposed Jewar greenfield […]

Turkish ground-handling firm Çelebi Airport Services has been awarded the licence to run ground-handling operations at the Bengaluru international airport for a concession of 10 years. The concession, which will commence from August 2018, lets […]

The central government has failed to receive expressions of interest (EoIs) from bidders for buying out a 76 per cent equity stake in Air India. Not even a single bidder participated in the bidding process […]

The Airports Economic Regulatory Authority of India (AERA) has proposed a 74 per cent cut in the user development fee (UDF) on both international and domestic flights at the Kempegowda international airport. Currently, passengers are […]

The central government laid the foundation stone for the Deoghar International Airport Project, Phase I, on May 25, 2018. The airport will be developed by the Airports Authority of India (AAI) with the support of […]

L&T Construction has won a contract worth Rs 13.42 billion for the construction of a terminal building and other allied works under the Chennai Airport Modernisation Project, Phase II. The entire project will be executed […]

The Airports Authority of India (AAI) has set a target of Rs 41 billion towards capital expenditure on airport infrastructure during 2018-19, to cater to about 94 per cent of the total projected passenger demand. […]

The MoCA granted site clearance for the development of the New Pune (Purandar) international greenfield airport project on May 8, 2018. The clearance was given based on the recommendations made by the steering committee. With […]

The MoCA has given its in-principle approval for the development of the Jewar greenfield airport project (Greater Noida). The model bid document for the project has been prepared by NITI Aayog and expressions of interest […]

AAI is planning to privatise as many as 15 airports, including the facilities at Chennai and Ahmedabad, as a part of its move to enhance the country’s aviation infrastructure. The government had earlier decided to […]

The Maharashtra government has constituted a task force for the successful implementation of the Navi Mumbai international airport project. The greenfield project, involving an investment of Rs 167.04 billion, will be developed in four phases […]

The Ministry of Civil Aviation (MoCA) has invited expressions of interest from bidders for the strategic disinvestment of a 76 per cent stake in Air India. Bids have also been called for divesting shareholding interest […]

IndiGo and Jet Airways have opted out of participating in Air India’s divestment process. According to IndiGo, the airline was interested only in the carrier’s international operations and Air India Express. However, the option is […]

Four international airlines – British Airways, Lufthansa, Singapore Airlines and Etihad – and two Indian companies have shown interest in Air India’s disinvestment. According to the MoCA, a global advisory firm – Swiss Aviation Consulting […]

The Telangana government laid the foundation stone for the Hyderabad Airport Expansion Project on March 23, 2018. Following this, GMR Hyderabad International Airport Limited has commenced the expansion works. Under the project, the existing terminal […]

In Budget 2018-19, the central government has proposed a new scheme called NextGen Airports for Bharat [NABH] Nirman to expand the existing airport capacity by more than five times so as to handle a billion […]