AAI is set to acquire a 51 per cent stake in the Dholera international airport in Gujarat. Once the transaction is completed, the Gujarat government will hold a 33 per cent stake while the central […]
The government has cleared a plan to transfer about Rs 290 billion working capital debt to the SPV Air India Assets Holding Limited. The proposed move will help reduce which annual interest burden substantially. At […]
The Kannur international airport in Kerala was inaugurated on December 9, 2018. The airport was developed by a special purpose vehicle (SPV) – Kannur International Airport Limited – at an estimated cost of Rs 18.92 […]
The government has given in-principle approval for leasing out the operations, management and development of six airports on a public-private partnership (PPP) basis. The six airports – Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru – […]
The government is expected to soon announce a programme that will provide viability gap funding (VGF) for cargo flights connecting the hinterland to major urban hubs of the country. Through this programme, the government aims […]
The foundation stone for the development of a dry dock at Cochin Shipyard Limited (CSL) was laid on October 30, 2018. The new dry dock is being designed to handle both shipbuilding and ship repairs, […]
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