Airports to attract Rs 90,000 crore in investments over five years: India’s Civil Aviation Secretary
NEW DELHI: India’s airports sector is expected to see an investment of Rs 90,000 crore in a five-year period, with nearly Rs 68,000 crore coming from the private players, a senior official said on Wednesday. The civil aviation sector, which was battered by the coronavirus pandemic that had also resulted in the suspension of domestic […]
India to monetise 25 airports over 4 years, to fetch Rs 20,782 crore
NEW DELHI: The government of India is looking to monetise 25 AAI-managed airports, including Varanasi, Chennai, Nagpur and Bhubaneshwar, over the next four years, which could bring in investments worth Rs 20,782 crore. Further, divestment of Airports Authority of India’s (AAI) residual stake in four airport JVs has also been considered under the national monetisation […]
India plans to develop 100 airports, waterdromes, heliports by 2024
NEW DELHI: Airports Authority of India (AAI) plans to develop at least 100 airports, waterdromes, and heliports by 2024 under the regional air connectivity scheme, said an official release. The fourth anniversary of the scheme — known as UDAN (Ude Desh ka Aam Nagrik) — was commemorated on Wednesday.The scheme aims to provide affordable, economically […]
India approves leasing out 6 airports through PPP
NEW DELHI: The chaired by the Prime Minister of India Narendra Modi has approved the leasing out of six airports — Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru — for operation, management and development under the Public Private Partnership (PPP). “In-principle” approval for leasing out six airports of AAI viz. Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram […]
IndiGo systems down for over 1 hour across airports
NEW DELHI: The systems of IndiGo were down for one and a half hours across airports on Sunday. IndiGo is the country’s largest airline by market share and operates an average of over 1,000 flights per day. “We regret the inconvenience caused to our passengers this afternoon due to system being down across airports for […]