Page 5 - Aai

Airports Authority of India to raise $300 mn to fund new infrastructure

The airport authority aims to spend a minimum of Rs 5,000 crore each year on the infrastructure in line with the government's announcement that 100 new airports will be developed in five years

Adani group signs agreement with AAI for development of three airports

In 2018, the government decided to privatise airports at Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati

Airports Authority banks on non-metros for overnight parking of planes

The AAI's western region also requested the Madhya Pradesh government to reduce value-added tax (VAT) on aviation turbine in Bhopal, Indore and Jabalpur to encourage overnight parking of planes

Arvind Singh, a 1988-batch IAS officer, takes over as AAI chairman

The AAI, which comes under the Ministry of Civil Aviation, owns and manages more than 100 airports across the country

DGCA finds safety lapses in airline ground handling after nationwide audit

Inspections at major airports reveal unsecured containers and foreign object debris in apron area of airports

Govt plans to privatise 6 more airports, invest revenue in remote areas

Govt may tweak rule to cap number of airports an investor can bid for

Inform if any aircraft acquisition plans change, AAI tells airlines

According to industry estimate, airlines in India have speeded up their aircraft acquisition plans. They will add at least 30 planes till December, of which 20 will be added by the first week of Nov

Clearing the air

Rules curbing airline stakes in airports should be reviewed

Govt plans to privatise 20-25 airports in next phase: AAI chairman

Last year, the government had decided to privatise airports in Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati for operation, management and development through PPP model

Airports Authority of India to soon implement real-time surveillance system

Implementation of Space-Based Automatic Dependent Surveillance-Broadcast (ADS-B) data services would fill the gap as the present ground- based infrastructure covers only terrestrial airspace

AAI starts study to improve future slot allotment at six major airports

The AAI owns and manages more than 100 airports across the country

AAI to spread its wings across SAARC nations, govt looks to boost influence

The move is part of India's plan of building influence in the region through building infrastructure

AAI urges Adityanath govt to resolve issues delaying airport projects in UP

Currently, AAI is developing or upgrading airports in Ayodhya, Agra, Bareilly, Chitrakoot, Jhansi, Kanpur, Kushinagar, Meerut, etc

AAI mulls external commercial borrowing, masala bonds for raising funds

AAI Chairman Guruprasad Mohapatra said the capital expenditure is proposed to be funded through borrowings and internal resources in 60:40 ratio.

AAI picks three sites for second greenfield airport near Bhubaneswar

Sites are within 20-25 km radius of Odisha capital; airport to be set up on 2,000 acres

AAI to spend Rs 20,000 cr in 5 yrs to upgrade, build airports

AAI had revenues of Rs 12,542 cr in FY17 against Rs 10,824 cr in the previous fiscal year

AAI serves eviction notice to Hotel Leela for non-payment of Rs 258 cr dues

The decision to issue eviction notice follows a lengthy litigation for recovery of dues

AAI mulls partially privatising Ahmedabad, Jaipur airports

The select areas include passenger terminal building, including the airport operations control centre

Mixing locations led to planes' near collision at Delhi: AAI

Following the incident, the air traffic controller has been derostered pending investigation

AAI profit surges 30% to Rs 2,537 crore in 2015-16

AAI manages 125 airports, including 11 international aerodromes and 25 civil enclaves