GMR Airports Limited (GAL), a subsidiary of GMR infrastructure Limited, along with its partner GEK Terna Group of Greece, has submitted a bid for the development, operations and management of New International Airport of Heraklion at Crete Island, Greece. GEK Terna Group is a leading Greek Infrastructure company having presence in construction, energy, mining and […]
Continue Reading... No Comments.US buyouts firm TPG Capital is competing with Singapore sovereign fund Temasek, Canada’s CPP Investment Board and Prem Watsa’s Fairfax Financial Holdings to acquire as much as 49% of Mumbai’s airport operator from the GVK group. A possible deal will value Mumbai International Airport Ltd (MIAL), which manages the country’s second-busiest airport, at Rs 12,500-15,000 […]
Continue Reading... No Comments.WITH protests taking place in Purandar against the Maharashtra government’s plan to set up an airport there, industrialists and political leaders from Pimpri-Chinchwad, Khed and Maval taluka have decided to renew their demands for setting up the airport in Rajgurunagar area, in Khed. Local industrialists, MPs and MLAs have sought a meeting with Chief Minister […]
Continue Reading... No Comments.The Lokpriya Gopinath Bordoloi International Airport in Guwahati will soon get a facelift as part of the new civil aviation policy of the NDA government. In a letter to MP Wansuk Syiem, Civil Aviation Minister P. Ashok Gajapathi Raju said on Wednesday the airport in Guwahati will be expanded and modernised to improve air connectivity […]
Continue Reading... No Comments.Flag carrier Air India is mulling leasing ten Dornier aircraft from Hindustan Aeronautics Ltd to boost its regional operations as the government looks to make flying more affordable under the ambitious UDAN scheme. State-owned HAL is already making the Dornier 228 planes under licence from Swiss technology company RUAG for the defence forces and European […]
Continue Reading... No Comments.After confirming the acquisition of 36 Dassault Rafale fighters off-the-shelf from France, India has invited proposals from the U.S., Sweden and Russia to transfer technology and produce a single-engine fighter in-country. The latest move seems to preclude any “Make in India” offers from Dassault for the twin-engine Rafale, as well as Eurofighter (for the Typhoon) […]
Continue Reading... No Comments.Amid Indian airlines raising concerns over slots, Dubai Airports today said allocation of slots to airlines is an independent and fair process that also depends on availability. The operator of one of the world’s busiest aerodromes, Dubai Airports also emphasised the slot allocation process applies to all airlines. Dubai International (DXB) airport, which has around […]
Continue Reading... No Comments.Ministry of Human Resource Development is set to organize the Smart India Hackathon 2017 where the Ministry of Civil Aviation will also actively participate. The aim of the initiative to harness the creativity and technical expertise of young minds studying in technology institutes to think out of the box and come up with innovative and […]
Continue Reading... No Comments.The global deployment of Radio Frequency Identification (RFID) technology, which can accurately track passengers baggage in real time across key points in the journey, can enable the air transport industry to save more than US$3 billion over the next seven years. Global IT provider SITA and the International Air Transport Association (IATA) revealed that the […]
Continue Reading... No Comments.Air India is confident to substantially increase its operating profit in the present financial year after clocking its first operating profit in the last fiscal since the merger between AI and Indian Airlines. AI made an operating profit of Rs 105 crore in the last fiscal as compared to an operating loss of Rs 2,636 […]
Continue Reading... No Comments.