Page 4 - Aai

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

Hybrid till model to boost AAI's revenues

The civil aviation ministry's decision to adopt a hybrid till model will boost the revenues of the Airports Authority of India (AAI), which clocked record earnings in 2015-16.The AAI till now used to set airport charges on a single till model, for which the total revenue and expenditure of all AAI airports were taken into consideration and the tariff for the gap was arrived at on a reasonable rate of return.The hybrid till model is a combination of the single till model, under which all airport activities, including aeronautical and commercial, are taken into consideration while determining airport charges, and the dual till model, under which only aeronautical activities are taken into consideration to set airport charges. The new model will be used to set charges from the second control period, which started from April 2016.The civil aviation policy states that future tariff at all airports will be calculated on a hybrid till model. It adds 30 per cent of all non-aeronautical revenue

AAI conferred national award for best performing central PSU for Green Energy initiatives

AAI has been successful in complying with commitment made for Solar Roof Top by installing 4.8 MWp roof top solar plants at 13 airports

Cabinet clears leasing out AAI land parcel at Indore airport

CPC is to be established by MPWLC at Devi Ahilya Bai Airport, Indore

AAI eyes overseas markets for its in-house e-billing solution

The fees collected through this solution accounts for almost 35% in AAI overall revenue

AAI likely to post all-time high revenue of Rs 10,000 crore

The GMR and GVK-run Delhi and Mumbai airports account for almost 60% of AAI's total revenue