Aviation

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 government is planning to roll out the Cape Town Convention Act which will help reduce risks related to asset-based financing and leasing transactions in the civil aviation sector. The main objective of the convention […]

The Ministry of Civil Aviation has cleared the international air connectivity scheme for Guwahati under which Guwahati airport will be connected to seven countries – Singapore, Bangladesh, Bhutan, Nepal, Myanmar, Malaysia and Vietnam. As per […]

ITD Cementation India Limited has won a contract worth Rs 3.58 billion for the construction of a new integrated terminal building, reconstruction of the old terminal building and other modification works at Pune (Lohegaon) airport. […]

The Ministry of Home Affairs has given security clearance for the construction of the Mopa International Airport in North Goa. The airport will be constructed by the special purpose vehicle (SPV) – GMR Goa International […]

The government has prepared a new revival plan for Air India which involves transferring the airline’s working capital debt of about Rs 290 billion to an SPV known as Air India Assets Holding Limited. At […]

The central government has cancelled the routes that were awarded to two airlines – Air Odisha and Air Deccan – under Phase I of the Regional Connectivity Scheme as both the airlines were unable to […]

CDB Aviation has signed a long-term lease agreement with SpiceJet for leasing three of its Boeing 737 Max 8 aircraft. This will help SpiceJet expand operations to international destinations and standardise its fleet. These efficient […]

The government is expected to soon commence the disinvestment pro-cess of Air India’s four subsidiaries – Airline Allied Services Limited Hotel Corporation of India, Air India Air Transport Service Limited and Air India Engineering Service […]

GoAir commenced international operations with the launch of its inaugural flight from New delhi to Phuket on October 11, 2018. With this, GoAir became the sixth domestic carrier to provide international connectivity, the others being […]

GMR Airports Limited has won the bid for the development, operations and management of the Nagpur International Airport Project on a PPP basis. The letter of award is likely to be issued soon. The project […]

Larsen & Toubro has won a contract worth Rs 30.36 billion for the construction of a new terminal (T2) at the Bengaluru international airport as a part of the Bengaluru Airport Expansion Project, Phase II. […]

The Sindhudurg airport authorities successfully conducted the trial run for flight operations from the airport on September 12, 2018. With this, the airport is now expected to be operationalised from December 2018. It is being […]

The Directorate General of Civil Aviation has granted an aerodrome licence to Kannur International Airport Limited for operating flights from Kannur airport in Kerala. The trial run for flight operations from the airport was conducted […]

The central government inaugurated Jharsuguda airport in Odisha on September 23, 2018 and operationalised commercial flights from Pakyong greenfield airport on October 4, 2018. Both the airports have been developed by the Airports Authority of […]

The central government has unveiled the draft International Air Connectivity (IAC) scheme for extending the Regional Connectivity Scheme to international destinations. In this regard, state governments have been tasked with the identification of routes. Financial […]

The central government has proposed a new financial model for building greenfield airports in the country. Under the new model, the concession fee will be paid to the concessioning authority on the “per passenger aeronautical” […]