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135 Results Found
  • Govt puts off plans to privatise 4 airports Aug 19, 2015 08:12 PM IST

    Govt puts off plans to privatise 4 airports

    A decision in this regard was taken last month during a high-level meeting that was attended by Prime Minister Narendra Modi, Civil Aviation Minister Ashok Gajapathi Raju and his deputy Mahesh Sharma, among others.

  • Ghost airports highlight risks as Modi spends to grow Aug 19, 2015 09:26 AM IST

    Ghost airports highlight risks as Modi spends to grow

    Not a single passenger has passed through the gates of an airport big enough to handle more than 300,000 travellers a year, with parking bays for three 180-seater narrow-body jets.

  • AAI may have to shelve plan to privatise 4 airports Aug 18, 2015 10:09 PM IST

    AAI may have to shelve plan to privatise 4 airports

    A final decision on whether to scrap the privatisation process entirely will be taken by the end of this month since August 31 is the deadline for bidders to submit RFQs.

  • Rich PSUs may be asked to submit IPO plans to Centre Aug 09, 2015 07:39 PM IST

    Rich PSUs may be asked to submit IPO plans to Centre

    The finance ministry, according to a senior official, has suggested to the Department of Public Enterprises that listing clause be made mandatory under the new MoU norms for public sector units (PSUs).

  • AAI revenue rose 10% to Rs 2,150 crore last fiscal Jul 31, 2015 10:43 AM IST

    AAI revenue rose 10% to Rs 2,150 crore last fiscal

    AAI had clocked revenues at Rs 1,956.44 crore in 2013-14. In a written reply to the Rajya Sabha, Minister of State for Civil Aviation Mahesh Sharma said AAI generated a provisional Rs 2,150.34 crore revenues in 2014-15.

  • Govt may ease norms on foreign biz of domestic airlines Jul 13, 2015 10:19 PM IST

    Govt may ease norms on foreign biz of domestic airlines

    Government is back to the drawing board on the issue of easing norms for international operations by domestic airlines, with the Civil Aviation Ministry deciding to put the proposed norms in public domain for consultations.

  • GVK Power & Infra buys 100% stake in GVK Airport Services Jun 04, 2015 06:14 PM IST

    GVK Power & Infra buys 100% stake in GVK Airport Services

    GVK's Mumbai International Airport Pvt Ltd (MIAL) is a Public Private Partnership (PPP) 74:26 joint venture between GVK-led consortium and Airports Authority of India (AAI).

  • MAMPL exits DIAL, GMR airports acquires its 10% stake May 26, 2015 08:19 AM IST

    MAMPL exits DIAL, GMR airports acquires its 10% stake

    With the offloading of its entire 10 percent holding to GMR Airports Limited (GAL) in Delhi International Airport Limited (DIAL), the Malaysian firm has exited the venture. Earlier, GAL had said it would be purchasing the additional shareholding in DIAL for USD 79 million.

  • PMO upset with CBI enquires into business deals: Sources May 22, 2015 07:57 AM IST

    PMO upset with CBI enquires into business deals: Sources

    There is an apparent tussle between the Prime Minister's Office (PMO) and the Central Bureau of Investigation (CBI) as the former is upset over the unnecessary enquiries being conducted into business deals, sources informed on Thursday.

  • CAG questions airport concession agreement inked with DIAL May 11, 2015 10:04 PM IST

    CAG questions airport concession agreement inked with DIAL

    GMR's Delhi International Airport is finding itself in the Comptroller & Auditor General's cross-hairs once again. This time, sources say the CAG wants a special audit to see if the Airports Authority of India is losing out on revenues, reports CNBC-TV18‘s Sindhu Bhattacharya and Malvika Jain.

  • SpiceJet makes part payment of dues to AAI Apr 01, 2015 06:22 PM IST

    SpiceJet makes part payment of dues to AAI

    "SpiceJet has paid a part payment of Rs 25 crore to the Airports Authority of India towards the dues it had accumulated due to the cash crunch last year," sources told Media here on Wednesday. The AAI received the part payment of around Rs 300 crore dues yesterday, they said.

  • AAI faces fresh labour troubles over airport privatisation Mar 23, 2015 10:03 PM IST

    AAI faces fresh labour troubles over airport privatisation

    AAI Chairman RK Shrivastava said the authority is trying to fast track the request for proposals (RFPs) for this process but needs to address HR issues first.

  • Airport privatisation: AAI employees to strike on Mar 11 Feb 16, 2015 09:43 PM IST

    Airport privatisation: AAI employees to strike on Mar 11

    Alleging that the privatisation of Delhi and Mumbai airports during the UPA regime was a big "scam" and that Civil Aviation Ministry had "closed down" old airports at Bangalore and Hyderabad without approval of the AAI board, Ahlawat said the government now wants to hand over four more airports, already modernised by AAI, to the private players.

  • SpiceJet shares slump nearly 8% on fresh financial worries Jan 21, 2015 12:19 PM IST

    SpiceJet shares slump nearly 8% on fresh financial worries

    Shares of SpiceJet today tumbled nearly 8 percent after Mumbai Airport asked the budget carrier to immediately pay the pending dues of Rs 5 crore and provide a bank guarantee of Rs 15 crore.

  • Mumbai Airport asks SpiceJet to clear dues Jan 21, 2015 06:26 AM IST

    Mumbai Airport asks SpiceJet to clear dues

    Mumbai Airport on Tuesday asked budget carrier SpiceJet to immediately clear its dues amounting to Rs 5 crore and provide bank guarantee of Rs 15 crore, an issue the airline claimed has been "sorted out".

  • SpiceJet falls 6% as airline increases flight cancellations Dec 31, 2014 01:24 PM IST

    SpiceJet falls 6% as airline increases flight cancellations

    Cash-strapped carrier SpiceJet extended its cancellations till next month affecting over 300 flights, but the government made it clear that the airline will have to itself resolve its financial woes.

  • AAI, Pawan Hans to be listed; AI privatisation not now Nov 10, 2014 12:42 PM IST

    AAI, Pawan Hans to be listed; AI privatisation not now

    AAI, a Miniratna Public Sector Enterprise, manages 125 airports across the country, including 11 International, 81 domestic and eight Customs Airports. It also manages 25 Civil Enclaves at Defence Airfields.

  • Interest burden, subdued power biz hitting performance: GVK Feb 07, 2014 09:35 AM IST

    Interest burden, subdued power biz hitting performance: GVK

    GVK's debt in Mumbai International Airport Pvt. Ltd (MIAL) currently stands at Rs 7,900 crore. MIAL is a joint venture between the GVK led consortium (74 percent) and Airports Authority of India (26 percent).

  • Aviation Ministry allows operation of Airbus A-380s Jan 27, 2014 04:50 PM IST

    Aviation Ministry allows operation of Airbus A-380s

    The restrictions on the fully double-decker planes were lifted after weeks of consultation between Directorate General of Civil Aviation, Air India and Airports Authority of India.

  • Airports Authority of India chairman VP Agarwal removed Jan 24, 2014 12:14 PM IST

    Airports Authority of India chairman VP Agarwal removed

    VP Agarwal was apparently ‘opposing' the privatisation of six more airports, including Kolkata and Chennai.

  • Aviation Min yet to complete pact for airport privatisation Jan 03, 2014 07:49 PM IST

    Aviation Min yet to complete pact for airport privatisation

    Sources say that while the revenue share model in the MCA for the private developers have been finalised it is still awaiting legal vetting.

  • Govt move to privatise 6 airports: AAI employees strike Oct 22, 2013 05:54 PM IST

    Govt move to privatise 6 airports: AAI employees strike

    The employees associated with various unions of AAI have formed a joint forum and started the three-day-long strike in front of the Civil Aviation Ministry at Rajiv Gandhi Bhawan here and at AAI offices across the country

  • Privatisation of 6 major airports likely ahead of LS polls Oct 21, 2013 09:24 PM IST

    Privatisation of 6 major airports likely ahead of LS polls

    The Ministry's move to hand over these airports, developed by the Airports Authority of India (AAI), through public-private partnership in the next 2-3 months to private parties suffered a setback with the sale of bid documents for Chennai and Lucknow airports being postponed by several weeks.

  • Bagged orders worth $84mn in Q2; forex gain at 8%: NIIT Oct 15, 2013 04:41 PM IST

    Bagged orders worth $84mn in Q2; forex gain at 8%: NIIT

    The company's revenue rose 8.4 percent (up 17.4 percent Y-o-Y) to Rs 587.3 crore during September quarter from Rs 541.9 crore in June quarter, led by strong growth in US.

  • AAI employees protest against privatisation Oct 08, 2013 01:13 PM IST

    AAI employees protest against privatisation

    Employees held placards and shouted slogans at Chennai airport against the move on a day when seven officials of a company from France, which is believed to be acquiring the facility.

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