Mial

The HC said no final decision shall be taken on tenders to replace Celebi until its pleas against revoked security clearance and contract termination are heard in June

The MIAL bond issuance is likely to close in the next few weeks and has drawn interest from several US-based financial institutions led by Apollo

Aviation ministry intervened after protest from airlines, cargo operators

The AERA on Tuesday afternoon conducted a three-hour-long meeting with aviation sector stakeholders to discuss the aeronautical charges

Flying from Mumbai International Airport is set to become costlier from next financial year with the private airport operator MIAL proposing a steep hike of Rs 463 in User Development Fee for international passengers, while domestic passengers will be charged a UDF of Rs 325. At present, international passengers are charged a User Development Fee (UDF) of Rs 187, which has been proposed to be raised to Rs 650, while the domestic passengers don't have to pay any such fee. "The proposed tariff card, which has been submitted to the Airport Economic Regulatory Authority (AERA) for its approval, is in line with what the regulator has approved for MIAL," a source told PTI. At the same time, however, in a big relief to airlines, MIAL has also proposed a 35 per cent reduction in the landing and parking charges at its facility for the fourth control period (FY2024-2029), as per the AERA website. AERA has the mandate to determine all tariffs for major airports in the country. An airport whic

Mumbai airport operator MIAL on Tuesday said Terminal 1 will be demolished and redeveloped to increase the passenger handling capacity and the work will commence in a phased manner from November. The Chhatrapati Shivaji Maharaj International Airport (CSMIA) is operated by the Mumbai International Airport Ltd (MIAL), which is managed by Adani Airport Holdings Ltd (AAHL). "In November 2025, the transformation of Terminal 1 will proceed in carefully planned phases, ensuring minimal disruption. During the construction, Terminal 2 (T2) will shoulder the additional traffic," MIAL said in a release. The initial phase involves the demolition of the existing structure, starting November 2025, followed by construction of the new terminal. Once complete, the new T1 will be able to manage 20 million passengers annually, a 42 per cent boost in capacity, the release said. The work for the new T1 is scheduled for completion in 2028-29. T2 and the Navi Mumbai International Airport will manage the

Mumbai International Airport logged a 6.3 per cent year-on-year growth in passenger traffic at 5.48 crore in 2024, the private airport operator Mumbai International Airport Ltd (MIAL) said on Thursday. The passenger traffic at Mumbai airport was recorded at 5.16 crore in 2023, it said. The airport also recorded 3,46,617 air traffic movements, or departures and arrivals, marking a 3.2 per cent increase over the previous year, MIAL said. The facility saw its highest single-day passenger movement on December 21, with about 170,000 passengers -- 116,982 domestic and 52,800 international travellers, it said. December also emerged as the busiest month for the airport, recording a 3.4 per cent growth in arrival and departure of passengers at 50.5 lakh. Additionally, the airport achieved a milestone with over 8,000 international air traffic movements in December, further strengthening its position as a global travel hub while two days of February 2024 -- 3 and 10 February -- saw CSMIA ...

Mumbai International Airport Ltd (MIAL) reported a one-time exceptional expense of Rs 627.37 crore due to past dues

MIAL's net loss in FY22 would have been higher had it included the annual fee payment - which is 38.7 per cent of revenues - to Centre-run AAI under its head 'total expenditure' of the balance sheet

Delhi, Bengaluru and Chennai were the top three domestic destinations, while Dubai, Abu Dhabi and Singapore took the top three positions for highest international traffic

The capital raise comes in the backdrop of recovery in domestic air traffic and resum­ption of scheduled internatio­nal services from March-end

Mumbai International Airport has hired a group of banks to arrange a sale of US dollar-denominated bonds to refinance existing debt and for capital expenditure, a bank document showed on Monday.

The capital raise happened last month and around Rs 6,500 crore of loans owned to domestic lenders were repaid

With the golden geese laying golden eggs no more, the Modi government's decision to sell Delhi and Mumbai airports could well save it from flogging a dead horse in the coming years

The group is reshuffling top management of Mumbai Airport after acquiring 74 per cent stake last year

Verdict a respite for MIAL, which invoked force majeure due to Covid disruptions

MIAL cites court's status quo order on escrow account for situation

While questions may arise over the dominance of a single corporate group in running airports, it pretty much fits into the govt's plan to exit this space and earn revenue without working for it

A portion of this was routed back to the promoters of the GVK Group in the joint venture company through multiple complex transactions, according to the federal agency

While the group hadn't built on its airport assets, its entry into coal, power and roads was the proverbial last straw that saw its lose its crown jewel in Mumbai