Under Public Private Partnership (PPP), Delhi and Mumbai airports were handed over to the private partners in 2006
Three Devas Multimedia investors had secured seizure of AAI and Air India's dues last year. In Jan, Superior Court of Quebec in Canada set aside seizure of AAI dues, capped Air India dues at 50%
Devas shareholders have initiated action against govt to enforce $111 million arbitration award
AirAsia India said on Wednesday it has paid all its dues to the Airports Authority of India (AAI) and the airline was making all payments as per credit terms on due dates from September 2021.
The Adanis have already signed up concession agreements from late December 2020 to run the airports
The government holds 26 per cent stake each in Mumbai and Delhi airports and 13 per cent stake in Hyderabad and Bengaluru airports
Aviation experts and analysts said that the second wave was likely to be crippling for a sector that was already gasping for air
With the golden geese laying golden eggs no more, the Modi government's decision to sell Delhi and Mumbai airports could well save it from flogging a dead horse in the coming years
Senior bureaucrat Saurbah Garg has been appointed as the CEO of Unique Identification Authority of India (UIDAI) as part of a bureaucratic reshuffle effected by the Centre on Thursday
AAI had bid airports at Belagavi, Jalgaon, Kalaburagi, Khajuraho, Lilabari as part of new policy to buttress its revenue
Airport monetisation is a crucial component of the Centre's aggressive asset monetisation plan unveiled by Union Finance Minister Nirmala Sitharaman in the Budget for 2021-22
Public sector enterprises in the nature of development and regulatory authorities, autonomous organisations, trusts, development financing institutions would also be out of the policy
Adani Group has won the bids for the six airports
Plans to abolish royalty, offer steep discounts in lease rent
Adani terms the charge 'baseless', says the company has adhered to the terms of agreement
DIAL has also moved court to recover the money it paid to AAI since April
The release said the AAI is also building a regular terminal building with an area of 2,520 square metre at the Bareilly airport and more than 80 per cent of its construction work has been completed
Currently, the centre employs around 400-500 workforce, excluding the ones working with its various offshore partners here
IATA has urged the civil aviation ministry to reverse the decision and work with the industry on a business recovery plan
The Airports Authority of India (AAI) is investing Rs 353 crore for the airport''s facelift to enhance its peak passenger handling capacity by eight-fold to 1,800 passengers, as per the release