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AAI plans national strategy for airports development

14/01/2018

State-owned AAI plans to have a national strategy for airports development and formulation of model concession agreements amid growing passenger traffic, which is expected to touch 322 million in 2018-19, according to its chairman Guruprasad Mohapatra. Pursuing ambitious expansion plans, the Airports Authority of India (AAI) is preparing to commence “mega projects of new terminal buildings” at 14 aerodromes this year. “AAI is deliberating on national strategy for airports development and operations and formulation of model concession agreements.

Air India expected to report a net loss of over Rs 3,500 cr for 2017-18

02/01/2018

National passenger carrier Air India is expected to report a net loss of Rs 3,579 crore for 2017-18, Parliament was informed. According to Civil Aviation Minister Ashok Gajapathi Raju, the airline is expected to make a net loss of Rs 3,579 crore as per “(budget estimates) (projected)” for 2017-18 from a (provisional) net loss of Rs 3,643 crore for 2016-17. The minister, in a written reply to question in the Rajya Sabha, said the airline is projected to increase its operating profit to Rs 531 crore (BE projected) for 2017-18 from a provisional operating profit of Rs 215 crore for 2016-17.

In A Big Expansion Move, Airlines In India To Buy Over 900 Planes

25/12/2017

Indian airlines are likely to induct more than 900 aircraft in the coming years, with IndiGo alone expected to add 448 planes, according to official data. India is one of the fastest growing aviation markets in the world and most airlines have ambitious expansion plans, especially to tap the potential on regional routes. As per data available with the civil aviation ministry, budget airlines IndiGo, SpiceJet, GoAir and AirAsia are set to significantly expand their respective fleet sizes. Along with other carriers, the total number of aircraft to be inducted by the domestic players would be more than 900.

6 companies shortlisted for preparing TEFR for Jewar airport - YEIDA

18/12/2017

The Yamuna Expressway Industrial Development Authority (YEIDA) shortlisted the technical bids of 6 companies to prepare the Techno Economic Feasibility Report (TEFR) for the sanctioned international airport at Jewar. One company will be selected from the lot after the financial bids are finalised. According to YEIDA officials, the companies that participated in the bid for the airport included Engineers India Ltd, KPMG Advisory Services Private limited, Jones Lang LaSalle Property Consultancy, Price House Coopers, Deloitte Touche Tohmatsu India Ltd and CBRE South Asia Private Limited.

Air India privatisation: National carrier to be split in 2 before sale

12/12/2017

To fast-track the privatisation of state-run Air India (AI), the government is likely to first divide the enterprise into two: AI and Air India Express (AIE), which undertakes the airline’s profitable West Asia operations, would be combined and put up for sale; another special purpose vehicle (SPV) that will include AI’s Rs 32,000-crore working capital debt, its other subsidiaries including Alliance Air and assets such as land and buildings, will be monetised later.

Government to sell Air India’s domestic, international operations together

02/12/2017

The government will not separately sell the international and domestic operations of Air India (AI) and interested parties will have to bid for them together. Bids will be sought for AI's domestic and international operations as an "integrated airline", Union minister of state for aviation Jayant Sinha. Interested parties will be allowed to bid separately for subsidiaries of AI. The national carrier has five subsidiaries.

Government to sell Air India’s domestic, international operations together

02/12/2017

The government will not separately sell the international and domestic operations of Air India (AI) and interested parties will have to bid for them together. Bids will be sought for AI's domestic and international operations as an "integrated airline", Union minister of state for aviation Jayant Sinha. Interested parties will be allowed to bid separately for subsidiaries of AI. The national carrier has five subsidiaries.

Cabinet approves MoU between India and Poland for the promotion of Civil Aviation Cooperation

16/11/2017

The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for signing the Memorandum of Understanding (MoU) between India and Poland for the Promotion of Civil Aviation Cooperation. The MoU will be signed on behalf of the two countries after its approval by the two Governments. The MoU would be for a term of five years.