Aai

Cumulative capex of airports to grow 12% at Rs 60,000 cr in 3 yrs: Report

The cumulative capex (capital expenditure) of Indian airports is expected to grow 12 per cent at Rs 60,000 crore in the three years through FY27 from Rs 53,000 crore during 2022-2024, to add required infrastructure for about 65 million passengers per annum, ratings agency CRISIL said on Thursday. CRISIL said 70 per cent of this capex is expected to be funded through debt. The ratings agency said its projections are based on a study of 11 private airports in the country that account for 60 per cent of the total passenger traffic in FY24. In addition to the expected growth in passenger traffic, increase in tariffs and spending within the airport ecosystem will lift revenue of private Indian airports at an average growth rate of 17 per cent between FY25 and FY27, it said. That, coupled with improved funding access and a predictable regulatory regime, will support the strong credit profiles of private airports. "The number of passengers at Indian airports is expected to clock a compou

AAI to celebrate 100 years of flight operations at Kolkata airport

The Airports Authority Of India is all set to celebrate 100 years of flight operations at Kolkata airport, officials said on Sunday. Flight operations in Kolkata airport started in 1924. "The Airports Authority of India proudly celebrates 100 Glorious Years of #KolkataAirport @aaikolairport, a gateway that has seamlessly bridged the world with the soul of #WestBengal. Originally known as #DumDumAirport, this Iconic Airport stands as a testament to Timeless Brilliance, where History Whispers, Culture Thrives & the Skies Unite," AAI Kolkata Airport said in a post on X. "A Century of Excellence, welcoming the world to the City of Joy!" it said. According to sources at the Netaji Subhas Chandra Bose International (NSCBI) Airport, the celebrations will begin from the third week of December and will continue till March end next year. There is a possibility that Union Civil Aviation minister Kinjarapu Ram Mohan Naidu will be present at the inauguration of 100 years celebrations of the ..

AAI issues show-cause to DIAL after IIT-Delhi report finds structural gaps

State-owned AAI has issued a show cause notice to Delhi airport operator DIAL seeking an explanation on certain structural weaknesses detected during the study by an IIT Delhi team following the roof collapse incident at the old departure forecourt of Terminal 1 in June this year, according to a senior official. Delhi International Airport Ltd (DIAL) is the operator of the Indira Gandhi International Airport (IGIA), the country's largest airport. It is operated under a public private partnership. When contacted, a DIAL spokesperson told PTI that its team of experts is currently preparing a comprehensive response to the queries raised by the Airports Authority of India (AAI). Following the roof collapse incident at T1 on June 28 that also killed one person, the civil aviation ministry had asked structural engineers from the Indian Institute of Technology (IIT), Delhi to carry out an assessment. The senior official in the know told PTI the study by IIT Delhi found weaknesses in the p

GST applicable on AAI-Adani pact for Thiruvananthapuram airport: Kerala AAR

The concessionaire agreement between the AAI and Adani Thiruvananthapuram International Airport Ltd is not a 'transfer of business', but supply of services and hence is liable to GST, the Kerala-bench of the GST Authority for Advance Ruling (AAR) has said. The Kerala AAR ruling is contrary to the rulings passed by the Rajasthan and Gujarat Appellate Authority for Advance Ruling (AAAR) in the case of transfer of Jaipur and Ahmedabad airports and Uttar Pradesh AAR in the case of Chaudhary Charan Singh International Airport in Lucknow. These authorities had exempted such transfers from goods and services tax (GST). The Airports Authority of India (AAI) in its application before the AAR said it has entered into a concessionaire agreement with Adani Thiruvananthapuram International Airport Ltd for the operation, management, and development of the airport for 50 years. The AAI sought rulings from the AAR on a set of queries, including whether the agreement involves transfer of business an

AAI received passenger fee of Rs 2,032 cr from six leased airports: Govt

Airports Authority of India (AAI) has received passenger fees totalling about Rs 2,032 crore till June this year from the private partners operating six airports that were leased out in 2019. The airports at Lucknow, Ahmedabad, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram have been leased out to Adani group under the Public Private Partnership (PPP) since 2019. "Private partners of these airports have paid approximately Rs 2,032 crore to AAI as Per Passenger Fee (PPF) till June 2024. "AAI has also received an amount of approximately Rs 2,758 crore from the private partners of these six airports in the form of upfront fee towards the capital expenditure incurred by AAI at these airports," Minister of State for Civil Aviation Murlidhar Mohol told Lok Sabha on Thursday. According to him, these airports were leased out for better operations, management and development for 50 years. The minister also said in a written reply that as per the National Monetisation Pipeline (NMP), 25

India to double airports to 300 by 2047 amid surging passenger traffic

AAI's draft plan indicates 70 airstrips could be developed into airports capable of handling narrow-body aircraft such as the A320 or B737, while 40 airstrips could be upgraded for smaller aircraft

Delhi airport Terminal 1 shut after roof collapse; 1 dead, 6 injured

Aviation ministry orders comprehensive structural inspections at airports across India

AAI to post highest ever pre-tax profit of Rs 5,000 crore in FY24

Airports Authority of India (AAI) is expected to report the highest-ever profit of Rs 5,000 crore in the financial year 2023-24, a senior official said on Monday. In recent years, the number of airports has gone up, especially with the regional air connectivity scheme, amid rising domestic air traffic. AAI Chairman Sanjeev Kumar said the organisation surpassed the capital expenditure target at around Rs 5,250 crore in the fiscal ended March 2024. In 2023-24, the turnover is expected to be around Rs 15,000 crore and the profit before tax at Rs 5,000 crore, which will be the "highest ever in our history," Kumar said. He was speaking at the 29th annual day of the AAI. At the function, Civil Aviation Minister Jyotiraditya Scindia said the number of airports, heliports and waterdromes has increased to 157 from 74 in the last 10 years. Efforts are on to increase the number to 200, he added.

AAI planning capex of Rs 30,000 cr in next five years: Jyotiraditya Scindia

AAI Chairman Sanjeev Kumar said the AAI's capex in 2023-24 stood at Rs 5,250 crore. It was a bit higher than the capex of 2022-23, which stood at Rs 5,175 crore

Govt asks Mumbai Airport to reduce flights, manage overscheduling

To alleviate congestion and improve on-time departure, the Airport Authority of India has imposed new restrictions on Mumbai International Airport

Zooom Airlines resumes services with inaugural Delhi-Ayodhya flight

After a hiatus in 2020, Zooom Airlines on Thursday resumed its operations with an inaugural flight connecting Delhi to Ayodhya, the domestic airline said

India's aviation sector needs to clarify insolvency laws, says ACG

India amended its insolvency laws last October to exclude leased aircraft from assets that can be frozen in a bid to address discrepancies between local and global rules

Arbitral tribunal asks AAI to refund annual fees to Adani-owned MIAL

MIAL, a step-down subsidiary of Adani Enterprises Limited, operates Mumbai airport, India's second busiest

Airport operator DIAL gets arbitral award on revenue share payments to AAI

Delhi airport operator DIAL has won an arbitral award against Airports Authority of India (AAI) with respect to revenue share obligations during the coronavirus pandemic period. Under the Operation, Management and Development Agreement (OMDA) for the Delhi airport, DIAL had invoked arbitration against the AAI seeking certain reliefs as eligible to it on account of the occurrence of force majeure event during the coronavirus pandemic period. In a regulatory filing, GMR Airports Infrastructure Ltd said an arbitral tribunal passed the award on January 6. Mentioning about key aspects of the award, the company said DIAL has been "excused from making payment of Monthly Annual Fee (MAF) for the period from 19th March 2020 to 28th February 2022 due to existence of force majeure". The amount of MAF paid by DIAL to AAI for the period March 2020 to December 2020 was ordered to be refunded along with interest, the filing submitted to the stock exchanges late Sunday said. As per the filing, DI

Delhi Airport wins arbitration against AAI, secures refund & payment waiver

The tribunal outlined specific directives that entail a refund of Rs 500 crore from AAI and a waiver of Rs 1,800 crore payment to the authority

Vumlunmag Vualnam to be new Civil Aviation Secretary as part of reshuffling

A total of 15 IAS officers have been appointed as secretaries and additional secretaries in various departments and organizations of the Government of India

AAI to set up civil enclave in Ambala for RCS flight operations: Anil Vij

Haryana Home Minister Anil Vij on Wednesday said the Airports Authority of India will set up a civil enclave in Ambala for operations of flights under the Regional Connectivity Scheme. The Haryana aviation department will transfer more than Rs 133 crore to the Ministry of Defence for the purpose, to which the state government has given its approval, Vij said, according to an official statement. Vij said the Civil Enclave will be established on about 20 acres, alongside the Air Force station of Ambala, and work on it will start soon. He said a Rs 16-crore tender has been floated for the operation of the civil enclave. A civil enclave is an area of military airbase allotted for civil aviation use. Vij said that the civil enclave was sanctioned under the UDAN scheme. According to the statement, Vij made tireless efforts to set up the enclave and it has now been approved and flight operations will also start soon. Vij said the airplanes will be parked in the enclave while the airstr

Spicejet moves Delhi HC challenging order in favour of Kalanithi Maran

Spicejet and its promoter Ajay Singh Wednesday approached the Delhi High Court challenging a single-judge order upholding an arbitral award asking them to refund Rs 579 crore plus interest to media baron Kalanithi Maran. The appeals came up before a division bench of Justices Yashwant Varma and Dharmesh Sharma which initially listed it for hearing on September 15 as the counsel for Spicejet and Singh were not present. Later, Spicejet's counsel mentioned the matter before the bench which then listed it for hearing on Thursday. On July 31, the single judge had upheld the award announced by the arbitration tribunal on July 20, 2018 in favour of Maran and his company Kal Airways. There is nothing in the impugned award to suggest that it suffers from patent illegality and the findings therein are perverse and will shock the conscience of this court. "In the instant case, the petitioners have not been able to prove that the impugned arbitral award is patently illegal, against public pol

Two planes cleared to take off, land at same time at Delhi airport

Flight UK725 from Delhi to Bagdogra was taking off from the newly inaugurated runway and the Vistara flight from Ahmedabad to Delhi, after landing on a parallel runway, was moving towards the end of t

Air Asia staff stops K'taka guv Thaawar Chand Gehlot from boarding flight

According to a report, the office of the Governor of Karnataka has written to the AAI protesting the incident