The MoCA has granted security clearance for the sale of a 38 per cent equity stake in Bangalore International Airport Limited (BIAL) to Fairfax India Holdings Corporation. The security clearance had already been recommended by […]
The Union cabinet has granted approval for the exchange of land between AAI and the Bihar government for the Patna airport upgradation project. The proposed land will be used for the construction of a new […]
The new terminal building at Vijayawada airport was inaugurated on January 12, 2017. The terminal has been built at an estimated cost of Rs 1.62 billion and is spread over an area of 9,520 square […]
The board of Maharashtra Airport Development Company Limited has granted in-principle approval for the setting up of a commercial complex in the notified area of the Multimodal International Cargo Hub and Airport, Nagpur. Meanwhile, to […]
K.C.V.R. Infra Projects Private Limited has won the contract for Package I of the Orvakal greenfield airport in Andhra Pradesh. The scope of works includes the construction of a new runway, turning pads, apron, parallel […]
AAI has awarded a Rs 1.1 billion contract to Broadcasting Engineering Consultants India Limited for providing biometric access control systems (BACSs) at 48 airports including those operated by JV companies. Meanwhile, all JV airports are […]
The new Bathinda airport in Punjab was inaugurated by the Airports Authority of India (AAI) on December 11, 2016, along with the launch of India’s first RCS flight operated by Air India from Delhi to […]
According to reports, three companies – GMR Infrastructure, MIA Infrastructure (joint venture [JV] of Vinci Concessions and Tata Realty & Infrastructure) and the Hiranandani Group – which were shortlisted for developing the Navi Mumbai airport […]
The Ministry of Civil Aviation (MoCA) is aiming to double the number of operational airports in the country from the current 75 to 150 under the Regional Connectivity Scheme (RCS). Besides, the government is also […]
India has signed an open skies agreement with six countries – Sri Lanka, Finland, Spain, Jamaica, Guyana and the Czech Republic. The agreement allows airlines from these countries to operate an unlimited number of flights […]
The MoCA has granted in-principle approval for the Orvakal (Kurnool) greenfield airport project, following the recent recommendation by the Steering Committee on Greenfield Airports. Besides, the Directorate General of Civil Aviation has also given the […]
Canada-based funding agency Caisse de Dépôt et Placement du Québec (CDPQ) is said to be in talks with the GMR Group to buy a 25-30 per cent equity stake in Hyderabad airport, in a deal […]
Reportedly, TPG Capital, Temasek, CPP Investment Board and Fairfax Financial Holdings have shown interest in acquiring about 49 per cent stake in Mumbai International Airport Limited (MIAL) from the GVK Group. The funds are likely […]
The Navi Mumbai International Airport project, Phase I, is now expected to be commissioned by May 2020 as against the initial target of December 2019. The date for submission of requests for proposal (RfP,) for […]
GMR Airports Limited (GAL) has formed a special purpose vehicle (SPV) – GMR Goa International Airport Limited – to undertake the development of the Mopa International Airport project. The SPV will raise funds for project […]
The Airport Economic Regulatory Authority (AERA) has reportedly started the adoption of hybrid till approach for computing airport fees and will hold discussions with airlines and airport operators soon seeking their views. The move is […]
Following the launch of the UDAN (Ude Desh ka Aam Nagrik) scheme, the Ministry of Civil Aviation (MoCA) has announced that the quantum of levy for funding the Regional Connectivity Scheme (RCS) will be determined […]
Air Costa has received a pan-Indian licence from the Directorate General of Civil Aviation, allowing it to operate flights to any part of the country and connect to metro cities outside the region. Thus far, […]
The board of Kannur International Airport Limited has approved the proposal to extend the runway from 3,050 metres to 4,000 metres under Phase II of the Kannur International Airport project. The board also approved the […]
AAI has granted in-principle approval for the proposed site at Purandar for the greenfield New Pune International Airport. Earlier, the state government had been considering Khed taluka for the airport, but later the site shifted […]
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