Airport Business

A recalculation of airport asset values has left Delhi and Mumbai airports seeking major tariff recovery, which may raise the risk of steep fee hikes for flyers and higher operating costs for airlines

It started with Aera issuing a draft consultation paper on August 18, seeking to create a national framework for quality, continuity, and reliability of services across Indian airports

Prior to the start of commercial flight operations in April 2025, an IndiGo test flight from Delhi's IGI Airport landed at Jewar International Airport in Noida on Monday for a technical evaluation

Kalpataru Projects International on Thursday said the company and its arms secured orders worth Rs 2,774 crore. Kalpataru Projects International Ltd (KPIL), one of the largest Engineering & Construction companies listed in India along with its international subsidiaries have secured new orders/notification of awards of Rs 2,774 crore, a company statement said. These include new orders in the Transmission & Distribution (T&D) business in overseas markets and the EPC project for Extension of Airport from Airports Authority of India (AAI). The new orders also include Design & Build project for residential buildings in India. Manish Mohnot, MD & CEO, KPIL, said in the statement, "We are pleased with the continuous ordering momentum, especially in our T&D and Buildings and Factories (B&F) business." The order from the AAI will mark our entry into the growing domestic airport sector and further diversify our clientele, he added. The orders in the T&D and ...

The calculation and collection of revenue from the Manohar International Airport will commence in December, Goa Chief Minister Pramod Sawant told the assembly on Monday. Responding to questions raised by Goa Forward Party (GFP) MLA Vijai Sardesai, Sawant said the revenue collection holiday got extended due to the delay in completing phase I of the airport owing to litigation and the COVID-19 pandemic. These things are beyond the control of the concessionaire and the government, the chief minister said. "The scheduled deadline for the project completion and the revenue holiday period got extended because of these factors, resulting in the commencement delay," he said. Sawant said the calculation and collection of the revenue from the airport will be effective after December 7, 2024, with the state's share of profit at 36.99 per cent. He said the Civil Aviation Department would coordinate with the airport's audit department to fix the state's revenue share. Sardesai questioned the

Heinemann will run duty-free stores at Noida International Airport, while BWC Forwarders will manage domestic retail and international duty-paid retail

Once completed, the combined passenger handling capacity of these three airports will increase to 9.5 million passengers per annum

State-owned Power Finance Corporation (PFC) on Tuesday announced that it has sanctioned Rs 15,000 crore loans for various projects and also forayed into funding of airport projects. "To reaffirm its commitment towards developing the power sector of the North Eastern Region, PFC held its recent board meeting in Shillong, Meghalaya," a BSE filing said. PFC has sanctioned loans amounting to Rs 15,000 crore for various projects during its board meeting, it stated. As part of its diversification strategy and funding for infrastructure projects, PFC sanctioned its maiden financing for a greenfield airport project in Andhra Pradesh, it added. PFC's board of directors also reviewed strategic agendas pertaining to the company's business diversification strategy, including exploring avenues for expanding the business into new market segments and accelerating the funding in the renewable space, the current domestic and international market scenario and its impact on PFC's borrowing cost, and

The regulator's clearance is through the green channel, which allows for an automatic system for speedy approval of combinations, subject to certain conditions

The company has signed a share purchase agreement with Groupe ADP