New Delhi: Describing the decision on 49 per cent FDI in aviation as one which will transform the sector, Civil Aviation Minister Ajit Singh said on Friday the government envisages investment of $12.1 billion in the sector in the 12th Plan period (2012-2016). Singh said the rapidly expanding air transport network and opening up of infrastructure to the private sector have fuelled the growth of air traffic in India.
"Indian government has envisaged investment of $12.1 billion in the airports sector during the 12th Plan period, of which $9.3 billion is expected to come from the private sector," Singh said launching the "India Aviation - 2014" in Delhi. Singh said the investment is expected "for construction of new airports, expansion, modernization of existing airports and development of low-cost airports to keep the tariff at its minimal at smaller airports, improvement in connecting infrastructure, development of world class Air Navigation Services infrastructure."
The minister said the government had taken several initiatives in the regulatory framework for taking the aviation sector to new heights despite the challenges facing domestic aviation industry, reeling under mounting losses and rising debt burdens. "Recently, the Aircraft Acquisition Committee has been abolished to liberalise the acquisition of aircraft by the scheduled, non-scheduled airlines, flying institutes and for private use, which will give impetus to the growth and expansion of airlines in India.
"Henceforth, no permission for acquisition of aircraft will be required from the Ministry of Civil Aviation and they will be free to
05:57 AM, May 04, 2013
New Delhi: Hyderabad's Rajiv Gandhi International Airport (RGI) has been rated as the best airport in India, the fifth best regional airport in Asia and the eighth best airport in the 5-10 million passengers per annum capacity category. The ratings were given at the recently concluded Skytrax-World Airport Awards held at the Passenger Terminal Expo in Geneva. The RGI, along with Delhi's Indira Gandhi International Airport (IGIA) and Bengaluru International...
09:03 AM, Apr 19, 2013
Mumbai: Space crunch may hit parking of helicopters and small airplanes at the two airports in Mumbai, with the Airports Authority of India (AAI) planning to implement stringent guidelines to decongest the aerodromes and their runways. Lack of parking space is more acute at the main Chhatrapati Shivaji International (CSI) Airport and implementation of the guidelines would begin soon, airport sources said, adding "parking is a major issue due to...
01:43 PM, Apr 17, 2013
Airport Authority of India (AAI) is considering developing 20 airports in the next five years, according to a senior official. "Subject to cooperation from the respective state governments and access to suitable sites free of cost, AAI is hopeful of developing 20 airports in the next five years," GK Chaukiyal, member (operations), AAI told reporters here on Wednesday. ...
12:24 PM, Mar 28, 2013
Various policy measures initiated by the government for the civil aviation sector have begun to yield results and the airline industry in India is witnessing a revival, union Civil Aviation Minister Ajit Singh said on Sunday. ...
04:15 AM, Mar 18, 2013
Airports across the country have been alerted to prevent Italian ambassador Daniele Mancini from leaving the country, sources have told CNN-IBN. A message has been sent to all immigration outposts across the country in compliance with the Supreme Court order by the Ministry of Home Affairs. ...
02:17 PM, Mar 15, 2013
Airports of Delhi, Mumbai and Hyderabad are among the top five airports in the world providing international standard services. Airports Council International (ACI), a global body of airports, has adjudged Delhi's Indira Gandhi International (IGI) airport as second best after Seoul's Incheon airport in the category of airports handling 25-40 million passengers per annum (MPPA) for their service quality for the year 2012. ...
10:42 PM, Mar 12, 2013
The government on Monday decided to withdraw all International Bilateral Traffic Rights and domestic slots at airports given to Kingfisher citing their non-utilisation by the airline. The domestic slots and the rights will now be allocated to other airlines, the government directed. ...
07:01 PM, Feb 25, 2013
In a development that has serious portent for aviation security in India, almost three-fourths of airline and CISF personnel flunked a basic test conducted by the Bureau of Civil Aviation Security (BCAS) last month. ...
11:20 AM, Feb 10, 2013
Navigational facilities in Indian airports are being improved in collaboration with ISRO, Civil Aviation Secretary KN Srivastava said on Sunday. "We are currently working to improve the navigational facilities in the airports of the country in collaboration with ISRO. ...
02:58 AM, Jan 21, 2013
West Bengal Chief Minister Mamata Banerjee Sunday appealed to the Airport Authority of India allow more flights to ply from the Kolkata airport and construct more airports in various areas of the state, saying it was now a growing investment destination. Speaking at the inauguration of the new integrated terminal of the Netaji Subhas Chandra Bose International Airport, Mamata asked the aviation authorities to ensure that more foreign airlines operated...
11:35 PM, Jan 20, 2013
Controversial full body scanners will be removed from the US airports amidst widespread privacy concerns. The Scanners, which to the discomfort of many travelers had become a part of security screening at airports in the past few years, would be done away with by June, a federal agency announced on Friday. ...
10:49 AM, Jan 19, 2013
Kingfisher Airlines has been given a "no objection certificate" from oil companies and some aircraft leasing companies to restart operations, a senior regulatory source said on Wednesday. Kingfisher shares extended gains to 6 percent on the news. ...
11:34 AM, Jan 16, 2013
Air travellers can now enter airports by showing a soft display of air tickets on their smart-phones, tablets and laptops. ...
01:46 PM, Jan 01, 2013
Air travellers can now enter airports by showing a soft display of air tickets on their smart-phones, tablets and laptops. ...
10:51 AM, Jan 01, 2013
A senior Airports Authority of India (AAI) official was on Wednesday caught by a Central Bureau of Investigation team here while allegedly taking a bribe of Rs 50,000 from an employee of a private firm. Official sources said AAI Jorhat Senior Manager (Engineering) MP Advani allegedly asked for money from a senior official of PNC Infratech, the company which is undertaking extension work of the Jorhat airport's runway. ...
05:54 PM, Dec 26, 2012
Prime-time flying slots, allotted to airlines to operate their flights to or from an airport, would soon be auctioned on an experimental basis to begin with, official sources said on Wednesday. The peak-hour vacant slots, which have been allotted but are not being used by airlines, would be auctioned "on an experimental basis", according to a proposal of the Civil Aviation Ministry. ...
05:05 PM, Nov 28, 2012
New York: Superstorm Sandy grounded more than 15,000 flights across the Northeast and the globe, and it could be days before some passengers can get where they're going. According to the flight-tracking service FlightAware, more than 6,000 flights were canceled on Tuesday. That brings the tally of flights canceled because of the storm to more than 15,000. By Tuesday morning, more than 500 flights scheduled for Wednesday also were canceled....
10:34 PM, Oct 30, 2012
Chennai: Though he was supposedly suspended by Civil Aviation Minister Ajit Singh for irregularities in awarding contracts, a top official of the Airports Authority of India (AAI) is believed to have attended a pre-bid meeting at the airport here on Friday, drawing flak from unionists in the airport. According to well-placed sources in AAI, L L Krishnan, Executive Director (Commercial), flew into the city and attended a pre-bid meeting held...
12:42 PM, Sep 25, 2012
Lahore: Pakistan's Civil Aviation Authority has sounded a red alert at all airports across the country following the terrorist attack on Kamra airbase, a senior official said on Friday. "Due to the present uncertain situation in the country, all airports have been put on red alert," said Hamid Gardezi, Principal Director of Airport Services. He directed all airport managers to beef up security and ensure full coordination with security agencies...
05:43 PM, Aug 17, 2012
