Page 2 - Airport Authority Of India

Centre announces measures to tackle airport congestion ahead of festivals

The issue of congestion at the major airports was witnessed in the last year's festive season leading to longer waiting times at various airports

Centre grants in-principle approval for 21 Greenfield Airports across India

The responsibility to implement these projects, including funding, lies with the airport developers

With 148 airports in place, over 12.3 mn people travelled via Udan flights

To facilitate the scheme, the government operationalised 148 airports which included nine heliports and two water aerodromes

Adani Airports wants to fly higher; seeks higher stake in Mumbai airport

Adani Airports Holdings has a 74% stake in the airport, with the remaining 26 per cent owned by the Airports Authority of India

Phase-I construction of Ayodhya's airport to be completed by August

The airport can handle 300 passengers during peak hours; international passengers will also be able to reach the city via codeshare flights from Delhi and Mumbai

AAI back on profitable runway; reports Rs 3,400 profit in 2022-23 fiscal

Airports Authority of India (AAI) is back in the black, raking in a profit of Rs 3,400 crore in the fiscal ended March as surging domestic air traffic boosted its financial performance, according to a source. AAI has reported a profit for the first time after the coronavirus pandemic that had significantly impacted air traffic and the aviation sector as a whole. In the financial years -- 2021-22 and 2020-21 -- AAI had reported a loss. While the loss was Rs 803.72 crore in the fiscal ended March 2022, the same stood at Rs 3,176.12 crore in the financial year ended March 2021. These figures excluded exceptional and extraordinary items and tax. The source in the know told PTI that AAI has recorded a profit of Rs 3,400 crore for the 2022-23 financial year. This is a provisional figure and the final figure will be known after the audit of the financial results. The source also said the good performance was mainly due to the high growth in domestic air traffic. In 2022, domestic air

AAI takes steps to help passengers at Imphal airport amid unrest in Manipur

Amid unrest in parts of Manipur, Airports Authority of India (AAI) has taken various measures to help air passengers while airlines have waived rescheduling and cancellation charges for flights to and from the capital city of Imphal. Curfew was relaxed on Sunday in parts of Manipur which saw ethnic rioting over the last few days. According to a civil aviation ministry official, the AAI is coordinating with the state government for transportation of stranded passengers from the airport to the city under escort and a help desk has also been set up with effect from May 4. The help desk counter is provided with AAI LAN internet facility to print tickets as internet services are unavailable in the state, as per the official. A total of 10,531 passengers at Imphal airport and the total flight movements handled was 108 till May 6, including 50 defence movements and 6 additional flights, the official added. Air India and IndiGo have waived fee for rescheduling/cancellation for all their .

After a two-year hiatus, domestic air cargo business seeing an uptick

As airlines expand capacity and seek global partnerships

Drunkenness, PDA, grooming in flight, behaviour that irritates passengers

Interestingly, only 28% of the respondents felt that PDA was unacceptable

With 59 mn travellers, Delhi's airport was 9th busiest in the world in 2022

Dubai was the only other Asian airport in the list with Chinese airports missing completely, given the Covid restrictions in China in 2022

Scindia discusses capacity enhancement, other issues with airport operators

Civil Aviation Minister Jyotiraditya Scindia on Friday discussed capacity enhancement, security equipment and customs issues with airport operators, amid rising domestic air traffic. India is one of the fastest-growing aviation markets and air traffic is on the rise while airlines are also introducing flights on various domestic and international routes. In a tweet on Friday, Scindia said he met the Advisory Group on Airport Operators to deliberate on a range of issues, such as capacity enhancement, security equipment, and customs issues. "Given the positive trend of a surge in domestic traffic, we are working to ensure that the industry is ready to cater to this growth," he said. Currently, there are around 148 operational airports. During the summer schedule from March 26 till October 28, Indian airlines will be operating a total of 22,907 weekly domestic flights. As many as 11 airlines will be operating scheduled domestic services during this period. In February, domestic air

Urinating incident unfortunate, efforts were made to cover it up : DGCA

Directorate General of Civil Aviation (DGCA) chief Arun Kumar has described the Air India urination incident as "unfortunate", and said that there were efforts to cover it up

SpiceJet Q3 profit surges five-fold to Rs 107 crore as air travel grows

India's SpiceJet Ltd reported a nearly five-fold surge in third-quarter profit on Friday, as the embattled low-cost carrier benefited from soaring demand for air travel

GMR Airports Infra shares settle with marginal gains after Q3 earnings

Shares of GMR Airports Infrastructure settled with marginal gains on Wednesday after the firm reported a PAT of Rs 104.82 crore for December quarter 2022-23. The stock of the firm soared 0.79 per cent to close at Rs 38.45 on the NSE. On the BSE, it went up 0.66 per cent to end at Rs 38.40. In volume terms, 5.57 lakh shares of the firm were traded on the BSE and 1.01 crore shares on the NSE, during the day. The 30-share BSE Sensex index closed 242.83 points or 0.40 per cent higher at 61,275.09 on Wednesday. On Tuesday, GMR Airports Infrastructure reported a consolidated profit after tax (PAT) of Rs 104.82 crore for December quarter, against a loss of Rs 515.34 crore in the year-ago period. Revenue from operations during the quarter under review was Rs 1,766.36 crore as against Rs 1,364.13 crore a year ago, the company said in a regulatory filing. On a standalone basis, the company reported a loss of Rs 9.61 crore for Q3 FY23, while revenue from operations stood at Rs 28.44 crore,

Greenfield Airport in Rajkot scheduled to be operational by 2023 end: AAI

With a project cost of Rs 1,405 crore, the new airport is envisioned to be a transportation hub for people traveling abroad from the state

Delhi airport congestion: AAI asks DIAL to explain "deficiency in services"

Under the contract, AAI can penalise DIAL for not maintaining service quality standards

Number of operational airports in country rises to 140 from 74 in 2014

With Prime Minister Narendra Modi set to inaugurate the Mopa International Airport in Goa on Sunday, official sources said the number of operational airports in the country has almost doubled from 74 to over 140 since he took over in 2014. The government plans to develop and operationalise 220 airports in the next five years, they said. Modi has laid a strong emphasis on boosting connectivity and led this initiative from the front, inaugurating and laying the foundation stone of various airports, the sources said. He had inaugurated greenfield Donyi Polo Airport at Itanagar in Arunachal Pradesh in November, Deoghar Airport in July, laid the foundation stone of the Noida International Airport in Jewar, Uttar Pradesh in November last year and inaugurated Kushinagar International Airport, a famous Buddhist site, in October last year. The Mopa International Airport's foundation stone was also laid by the prime minister in November 2016. This will be the second airport in Goa, the first

Airports rearranging departures, arrivals to avoid congestion: Scindia

A lot of this congestion is today taking place in Delhi and to a certain degree in Mumbai, and not so much in other airports

Govt temporarily defers sale of AAI's residual stakes in 4 JV airports

The government has decided to temporarily defer the proposed sale of AAI's stakes in the private joint ventures operating the airports at Delhi, Mumbai, Hyderabad and Bangalore, according to a senior official. State-owned Airport Authority of India's (AAI) residual stakes in the four major airports are to be sold under the government's ambitious National Monetisation Pipeline (NMP) that was announced in August last year. NMP estimates aggregate monetisation potential of Rs 6 lakh crore through core assets of the central government over a four-year period from FY 2022 to FY 2025. The AAI holds 26 per cent stake each in joint ventures that operate Delhi and Mumbai airports. It owns 13 per cent shareholding each in the joint ventures that operate Hyderabad and Bangalore airports. The senior government official told PTI that the finance ministry has decided to defer for now the sale of the AAI's residual stakes in these four joint ventures as the valuations could be lower now. Specifi

Noida Airport: Survey for phase II land acquisition likely in two weeks

The survey for acquisition of land for the second phase of the upcoming Noida International Airport (NIA) is expected to begin in two weeks from now, according to officials. Currently, construction work is underway for the first phase of the Greenfield airport in Jewar in Gautam Buddh Nagar as the Uttar Pradesh government recently gave its go ahead for land acquisition for the second phase, they said. The second phase of the NIA is planned in an area of 1,365 hectare, of which around 1,185 hectare is owned by private persons, including farmers, of six villages -- Ranhera, Kureb, Dayanatpur, Karauli Bangar, Mundrah, and Birampur , an official said. The land is being acquired under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. Consent of landowners has been taken already after which the proposal for land acquisition was sent to the government. The proposal has been accepted. Now the survey is expected to begin in the n