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Airport Authority Of India
Civil Aviation Minister Jyotiraditya Scindia on Friday discussed capacity enhancement, security equipment and customs issues with airport operators, amid rising domestic air traffic. India is one of the fastest-growing aviation markets and air traffic is on the rise while airlines are also introducing flights on various domestic and international routes. In a tweet on Friday, Scindia said he met the Advisory Group on Airport Operators to deliberate on a range of issues, such as capacity enhancement, security equipment, and customs issues. "Given the positive trend of a surge in domestic traffic, we are working to ensure that the industry is ready to cater to this growth," he said. Currently, there are around 148 operational airports. During the summer schedule from March 26 till October 28, Indian airlines will be operating a total of 22,907 weekly domestic flights. As many as 11 airlines will be operating scheduled domestic services during this period. In February, domestic air
Shares of GMR Airports Infrastructure settled with marginal gains on Wednesday after the firm reported a PAT of Rs 104.82 crore for December quarter 2022-23. The stock of the firm soared 0.79 per cent to close at Rs 38.45 on the NSE. On the BSE, it went up 0.66 per cent to end at Rs 38.40. In volume terms, 5.57 lakh shares of the firm were traded on the BSE and 1.01 crore shares on the NSE, during the day. The 30-share BSE Sensex index closed 242.83 points or 0.40 per cent higher at 61,275.09 on Wednesday. On Tuesday, GMR Airports Infrastructure reported a consolidated profit after tax (PAT) of Rs 104.82 crore for December quarter, against a loss of Rs 515.34 crore in the year-ago period. Revenue from operations during the quarter under review was Rs 1,766.36 crore as against Rs 1,364.13 crore a year ago, the company said in a regulatory filing. On a standalone basis, the company reported a loss of Rs 9.61 crore for Q3 FY23, while revenue from operations stood at Rs 28.44 crore,
With Prime Minister Narendra Modi set to inaugurate the Mopa International Airport in Goa on Sunday, official sources said the number of operational airports in the country has almost doubled from 74 to over 140 since he took over in 2014. The government plans to develop and operationalise 220 airports in the next five years, they said. Modi has laid a strong emphasis on boosting connectivity and led this initiative from the front, inaugurating and laying the foundation stone of various airports, the sources said. He had inaugurated greenfield Donyi Polo Airport at Itanagar in Arunachal Pradesh in November, Deoghar Airport in July, laid the foundation stone of the Noida International Airport in Jewar, Uttar Pradesh in November last year and inaugurated Kushinagar International Airport, a famous Buddhist site, in October last year. The Mopa International Airport's foundation stone was also laid by the prime minister in November 2016. This will be the second airport in Goa, the first
The government has decided to temporarily defer the proposed sale of AAI's stakes in the private joint ventures operating the airports at Delhi, Mumbai, Hyderabad and Bangalore, according to a senior official. State-owned Airport Authority of India's (AAI) residual stakes in the four major airports are to be sold under the government's ambitious National Monetisation Pipeline (NMP) that was announced in August last year. NMP estimates aggregate monetisation potential of Rs 6 lakh crore through core assets of the central government over a four-year period from FY 2022 to FY 2025. The AAI holds 26 per cent stake each in joint ventures that operate Delhi and Mumbai airports. It owns 13 per cent shareholding each in the joint ventures that operate Hyderabad and Bangalore airports. The senior government official told PTI that the finance ministry has decided to defer for now the sale of the AAI's residual stakes in these four joint ventures as the valuations could be lower now. Specifi
The survey for acquisition of land for the second phase of the upcoming Noida International Airport (NIA) is expected to begin in two weeks from now, according to officials. Currently, construction work is underway for the first phase of the Greenfield airport in Jewar in Gautam Buddh Nagar as the Uttar Pradesh government recently gave its go ahead for land acquisition for the second phase, they said. The second phase of the NIA is planned in an area of 1,365 hectare, of which around 1,185 hectare is owned by private persons, including farmers, of six villages -- Ranhera, Kureb, Dayanatpur, Karauli Bangar, Mundrah, and Birampur , an official said. The land is being acquired under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. Consent of landowners has been taken already after which the proposal for land acquisition was sent to the government. The proposal has been accepted. Now the survey is expected to begin in the n
State-owned SAIL on Friday said that it has entered into a pact with Airport Authority of India (AAI) for facilitating the start of commercial flights from Rourkela in Odisha. Steel Authority of India Ltd (SAIL) has signed the operation and management contract with AAI through its unit Rourkela Steel Plant. The public sector enterprise had in 2018 signed a Memorandum of Understanding (MOU) for use of its own airport, under the regional connectivity scheme UDAN, for operation of commercial flights. The civil aviation ministry has rendered financial support for the upgradation of this airport. The Odisha government will deliver security, fire and ambulance services besides assisting with other local clearances. AAI, on behalf of SAIL - Rourkela Steel Plant, will operate and manage the airport. Regional Connectivity Scheme (RCS) -UDAN, a flagship project of the central government launched by the civil aviation ministry, envisages enhancing the regional air connectivity by providin