Category: AIRPORTS

Budget 2023: Govt to Raise Rs 8,000 Cr Through Airport Privatisation

With the Union Budget 2023 around the corner, the Aviation Ministry is looking to garner more private investment in the aviation sector. The ministry is aiming to generate Rs 20,000 crore through asset monetization. This would include the privatization of 11-12 airports, including Raipur, Jaipur, Vijaywada, Kolkata, and Indore. The estimated revenue generated through this

Goa CM Sawant to meet stakeholders to review the functioning of the new airport

Goa Chief Minister Pramod Sawant is set to hold a meeting with stakeholders to review the functioning of the newly inaugurated Manohar International Airport (MIA) on Tuesday. This comes three days after the airport commenced domestic operations. Transport Minister Rohan Khaunte and Mauvin Godinho will be present for the meeting, which will also be attended

Adani Group checks into Mumbai Airport by acquiring 23.5% stake; on way to 74% ownership of MIAL

New Delhi: The Adani Group has formally checked into Mumbai International Airport Limited (MIAL) by acquiring 23.5% stake in it held by two foreign firms — ACSA Global Limited (ACSA) and Bid Services Division (Mauritius) Limited (Bidvest) — for Rs 1,685.2 crore. The infra major is going to acquire 74% stake in MIAL, thereby getting

Visakhapatnam: Bhogapuram airport foundation post polls

Visakhapatnam: The government will lay the foundation for the proposed greenfield international airport at Bhogapuram after the panchayat elections. A series of review meetings have been held focussing on the construction of the international airport. It may be recalled that CM YS Jagan Mohan Reddy and industries minister M Gautham Reddy during their recent visits

Jewar to be Asia’s 2nd largest airport

The Jewar International Airport in Greater Noida will be India’s largest airport and second largest in Asia after Yogi Adityanath Cabinet okayed 3 runaways for the second phase development of the proposed airport. Currently, Delhi’s Indira Gandhi International Airport is the largest in the country with three runways. The first phase will, however, have only

AAI seeks resumption of Vijayawada-Varanasi flight on textile traders’

Vijayawada: Following the demand from textile traders and Cloth Merchants’ Association in Vijayawada, Airport Authority of India (AAI) has reportedly written to airline companies to resume operating direct flight services between Vijayawada-Varanasi. Apart from pilgrims visiting the famous Kashi Viswanath temple in Varanasi, traders dealing with textiles travel to Varanasi for making bulk purchase orders
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