Large part of Rs 2K-cr borrowings to come from overseas for AAI
The Airports Authority of India (AAI) is set to tap capital from overseas in the next fiscal to fund its airport development projects, a top official told ET, in what is perhaps the first time it would raise money abroad.
Aluminium association seeks import duty hike ahead of Budget
In a letter to the principal secretary to the PM, the Aluminium Association of...
AAI to start the construction work of Holongi airport by February
It will be a completely new project which will cost around Rs 955 Crore and...
AAI and AAOCLAS to open perishable cargo centre in Guwahati airport
The team was led by Sanjeev Jindal, Regional Executive Director, AAI; Ramesh Kumar,Airport Director, LGBI Airport.
1 dead, 1 injured after under-construction roof collapses at Bhubaneswar airport
Senior officials of the state government and politicians rushed to the site. Khurda Collector, Sitanshu Kumar Rout said a dog squad had been used to make sure no other person as trapped under the rubble.
AAI to invest robustly on infra upgradation: Chairman Arvind Singh
The newly appointed Chairman of Airports Authority of India, Arvind Singh said that AAI will invest Rs. 25,000 crores in the next five years...
AAI to set up India's first three water aerodromes in Andaman & Nicobar
Airports Authority of India (AAI) is in the process of seeking environmental clearance from the Ministry of Environment, Forest and Climate Change for three, first-of-its-kind in the country, water aerodromes in Andaman & Nicobar Islands.
Republic Day: No flight operations for nearly 2 hours at Delhi airport on Jan 18, 20-24, 26
According to a notice to airmen (NOTAM) issued by the Airports Authority of India (AAI) on Sunday, "no landing and take off" would be "permitted" at Delhi International Airport between 10.35 am and 12.15 pm on January 18, 20-24 and 26, due to "Republic Day Celebrations".
Fraport makes fresh attempt to exit Delhi Airport consortium
Fraport has also approached the state-run National Investment and Infrastructure Fund (NIIF) to buy its stake. NIIF, along with Gulf sovereign wealth fund Abu Dhabi Investment Authority (ADIA) and Canada’s PSP Investments last year signed a pact with GMR’s rival GVK Group to invest Rs 7,614 crore in the latter’s airport business.
Vikram Solar commissions solar projects for AAI at 3 airports
The cumulative capacity of the three projects is 1.1 MW, Vikram Solar said in a statement.
AAI recommends Centre to privatise 6 airports including Amritsar, Varanasi
The Airports Authority of India (AAI) has recommended the Centre to privatise airports at Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy, a senior government official said.
SBI takes over as lead financier of Navi Mumbai Airport project
SBI has agreed to disburse a term loan and facilitate the much-delayed financial closure of the Rs 16,000-crore Navi Mumbai International Airport, to be built by the GVK Power & Infra-led consortium that runs the commercial capital’s current airport, which is India’s second busiest and most congested.
Supreme Court asks Bidvest unit to move Delhi HC for MIAL stake sale
A division bench of Justices R Bhanumathi and AS Bopanna observed that under the law, petitioner Bid Services Division (Mauritius) has to go to the high court first before approaching the top court. The court has also directed the Delhi High Court to hear the matter and pass its ruling expeditiously.
Drone delivered: Beyond visual range test flights to commence soon
The move, according to industry insiders, is seen as a major breakthrough for the evolution of the Unmanned Aircraft Systems' (UAS) eco-system in India. The objective of the experimental BVLOS flights in controlled conditions for a period of at least two months is to prepare a 'Proof of Concept' for safe operations.
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