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Airport capex in India to cross Rs 60,000 cr in fiscals 2025-2027 to handle growing traffic: Crisil  Indian airports are projected to incur a cumulative capital expenditure (capex) of over Rs 60,000 crore in the three years through fiscal 2027 to add requisite infrastructure for 65 million passengers per annum, a report showed on Thursday.  This is 12 per cent increase compared to Rs 53,000 crore during fiscals 2022-2024, according to Crisil Ratings. In addition to expected growth in passenger traffic, increase in tariffs and spending within the airport ecosystem will lift r...
Airport capex in India to cross Rs 60,000 cr in fiscals 2025-2027 to handle growing traffic: Crisil
Airport capex in India to cross Rs 60,000 cr in fiscals 2025-2027 to handle growing traffic: Crisil
Source: IANS
2024-12-12 02:16:05 pm
Jewar`s Noida International Airport conducts first trial landing successfully The Noida International Airport in Greater Noida witnessed a historic moment as its first-ever flight landed on Monday, amid the ongoing trials, and was accorded a ceremonial water cannon salute.  The trial flight, which came from Delhi and landed at 1.30 p.m., was carrying Airport Authority of India (AAI) officials, and technical experts. It was a crucial step in testing the airport's readiness. The team onboard gathered comprehensive technical data during the take-off, flight, a...
Jewar`s Noida International Airport conducts first trial landing successfully
Jewar`s Noida International Airport conducts first trial landing successfully
Source: IANS
2024-12-09 03:58:22 pm
Telangana seeks Centre`s nod for four airports in state Telangana Chief Minister A. Revanth Reddy on Tuesday urged the Centre to grant permission for the development of the airport at Warangal and also clear the proposals for airports at three other places in the state.   The Chief Minister met Civil Aviation Minister K. Rammohan Naidu in New Delhi and urged him to expedite the process for the commencement of work on the Mamunur Airport at Warangal, which will be the second airport in Telangana after Rajiv Gandhi International Airport in H...
Telangana seeks Centre`s nod for four airports in state
Telangana seeks Centre`s nod for four airports in state
Source: IANS
2024-11-27 09:15:20 am
Noida International Airport joins UN Global Compact The Noida International Airport (NIA) on Tuesday announced its membership of the United Nations Global Compact (UNGC), the world’s largest voluntary corporate sustainability initiative.   "By joining the UNGC, NIA reaffirms its commitment to aligning its operations and strategies with the Ten Principles of the Global Compact, which focus on human rights, labour standards, environmental protection, and anti-corruption practices. NIA has also joined a global effort to support...
Noida International Airport joins UN Global Compact
Noida International Airport joins UN Global Compact
Source: IANS
2024-11-12 05:15:57 pm
Three new airports planned in Andhra Pradesh: Purandeswari Three new airports are planned in Andhra Pradesh, said MP and state BJP president Daggubati Purandeswari.  “With NDA in power, both in the Centre and in the state, we are able to plan new airports at Kuppam, Dagadarthi and Mulapet,” she posted on ‘X’. The Rajahmundry MP said that positive developments have been made in Andhra Pradesh. “This development not only enhances connectivity, but also propels economic progress,” she said. Kuppam in Chi...
Three new airports planned in Andhra Pradesh: Purandeswari
Three new airports planned in Andhra Pradesh: Purandeswari
Source: IANS
2024-07-17 01:42:12 pm
India`s air passenger traffic likely to see healthy growth of around 8-11% in FY25: ICRA Rating agency ICRA in its latest report has said that air passenger traffic in India is expected to see a healthy growth of around 8-11 per cent year-on-year to around 407-418 million in FY2025, supported by strong pick-up in both leisure and business travel, improving connectivity to newer destinations in the domestic segment and the continued uptick in international travel. According to the report, Indian airport operators' revenue is anticipated to grow 15-17 per cent on an annual b...
India`s air passenger traffic likely to see healthy growth of around 8-11% in FY25: ICRA
India`s air passenger traffic likely to see healthy growth of around 8-11% in FY25: ICRA
Source: Accord Fintech
2024-05-17 12:24:48 pm
Mumbai`s CSMIA adjudged best with over 40 mn passengers in Asia Pacific region for 7th time  For the seventh consecutive year, the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai has been ranked as the ‘Best Airport with over 40 million passengers’ in the Asia Pacific Region by the Airports Council International's (ACI) Airport Service Quality (ASQ) awards, an official spokesperson said here on Tuesday. The ASQ awards are highly regarded in the aviation industry as they are based on passenger feedback and are considered a testament to the ...
Mumbai`s CSMIA adjudged best with over 40 mn passengers in Asia Pacific region for 7th time
Mumbai`s CSMIA adjudged best with over 40 mn passengers in Asia Pacific region for 7th time
Source: IANS
2024-03-13 09:45:28 am
Thiruvananthapuram Int`l Airport run by Adani Group recognised as best airport at arrivals globally The Thiruvananthapuram International Airport run by the Adani Group has been recognised as the best airport at arrivals globally at the Airports Council International’s (ACI) Airport Service Quality (ASQ) Awards 2023. The Thiruvananthapuram International Airport shares the honour with two other airports -- the Kempegowda International Airport (KIA) in Bengaluru, and the Zayed International Airport (Terminal A) in Abu Dhabi. The ASQ awards are based on passenger feedback and are co...
Thiruvananthapuram Int`l Airport run by Adani Group recognised as best airport at arrivals globally
Thiruvananthapuram Int`l Airport run by Adani Group recognised as best airport at arrivals globally
Source: IANS
2024-03-12 10:12:56 am
DreamFolks Services surges on inking pact with Healthians to offer comprehensive health check-up services Dreamfolks Services is currently trading at Rs. 497.85, up by 8.30 points or 1.70% from its previous closing of Rs. 489.55 on the BSE. The scrip opened at Rs. 489.05 and has touched a high and low of Rs. 503.00 and Rs. 489.05 respectively. So far 945 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 846.75 on 02-Aug-2023 and a 52 week low of Rs. 397.00 on 13-Mar-2023. Last one week high and low of the scrip stood ...
DreamFolks Services surges on inking pact with Healthians to offer comprehensive health check-up services
DreamFolks Services surges on inking pact with Healthians to offer comprehensive health check-up services
Source: Accord Fintech
2024-03-12 09:52:46 am
Adani Group completes first phase of `twinning` of international terminal at Thiruvananthapuram Airport The Thiruvananthapuram International Airport, run by the Adani Group, has successfully completed the first stage of "twinning" of its international terminal (T-2). This is perhaps the first time that such an attempt has been made for a brownfield airport in the country. A ‘digital twin’ has been created in BIM (Building Information Modeling) with a Scan to BIM strategy. The entire T2 building, the service utility building, and a site spanning around 10 acres wer...
Adani Group completes first phase of `twinning` of international terminal at Thiruvananthapuram Airport
Adani Group completes first phase of `twinning` of international terminal at Thiruvananthapuram Airport
Source: IANS
2024-03-07 09:43:35 am
Sula Vineyards to open two tasting rooms next fiscal, hopes for good grape harvest  Listed wine-maker Sula Vineyards Ltd plans to open tasting rooms across the country, besides opening its fourth and fifth wine-tasting rooms next fiscal. The company is also hoping for a record grape harvest this year. According to the company, it will open its fourth tasting room on the Mumbai-Agra highway close to the Nashik Airport and HAL Ozar, thus catering to the fast-growing demand from the regions north and east of Nashik. “This marks a significant step for Sula -...
Sula Vineyards to open two tasting rooms next fiscal, hopes for good grape harvest
Sula Vineyards to open two tasting rooms next fiscal, hopes for good grape harvest
Source: IANS
2024-03-04 03:07:48 pm
DreamFolks Services jumps on expanding partnership with Eco Mobility Dreamfolks Services is currently trading at Rs. 502.95, up by 10.55 points or 2.14% from its previous closing of Rs. 492.40 on the BSE. The scrip opened at Rs. 499.00 and has touched a high and low of Rs. 505.85 and Rs. 498.80 respectively. So far 12660 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 846.75 on 02-Aug-2023 and a 52 week low of Rs. 397.00 on 13-Mar-2023. Last one week high and low of the scrip sto...
DreamFolks Services jumps on expanding partnership with Eco Mobility
DreamFolks Services jumps on expanding partnership with Eco Mobility
Source: Accord Fintech
2024-02-23 11:52:19 am
Akasa Air adopts Digi Yatra`s facial recognition system at 9 airports Akasa Air on Tuesday confirmed the adoption of Digi Yatra’s facial recognition system across nine major airports across the country including Bengaluru, New Delhi, Varanasi, Hyderabad, Lucknow, Ahmedabad, Guwahati, Kolkata, and Pune. “Adoption of DigiYatra reflects Akasa Air’s ongoing commitment to innovation and providing an unparalleled travel experience for its passengers,” said the airline’s spokesperson. The Digi Yatra service, a fully biometric-based ...
Akasa Air adopts Digi Yatra`s facial recognition system at 9 airports
Akasa Air adopts Digi Yatra`s facial recognition system at 9 airports
Source: IANS
2024-02-20 03:51:36 pm
350 artistes to perform on 14 stages from airport to the programme venue for GBC guests When the guests at the Ground Breaking Ceremony 4.0 will touch down at the Lucknow airport on Monday and travel to the Indira Gandhi Pratishthan (IGP) which is the venue for the event, they will be greeted by performances by cultural troupes at 14 places along the route. A total of 14 stages are being set up from the airport to the IGP, on which 350 artistes from 22 cultural troupes will perform to give visitors a glimpse of UP's rich cultural heritage. Bollywood artistes will enter...
350 artistes to perform on 14 stages from airport to the programme venue for GBC guests
350 artistes to perform on 14 stages from airport to the programme venue for GBC guests
Source: IANS
2024-02-18 04:13:15 pm
Chennai Airport to have 9 aerobridges by 2025 to cater to wide bodied long haul flights  The Chennai Airport terminal complex has 13 aerobridges, and one additional aerobridge for wide bodied long haul aircraft is under construction and will be operational by March 2024, said the Ministry of Civil Aviation. Refuting news reports that Chennai may not get many long-haul widebody international flights for lack of aerobridges and other issues, the Ministry said out of the 13 aerobridges, five can cater to the Code E or wide bodied long haul flights. Once the second phase ...
Chennai Airport to have 9 aerobridges by 2025 to cater to wide bodied long haul flights
Chennai Airport to have 9 aerobridges by 2025 to cater to wide bodied long haul flights
Source: IANS
2024-02-12 04:42:55 pm
Number of airports increased from 74 to 149 from FY15 to FY23: White Paper The White Paper tabled by Finance Minister Nirmala Sitharaman in the Parliament on Thursday stated that India's aviation industry has undergone significant growth and transformation over the past decade, with the number of airports increasing from 74 in FY15 to 149 in FY23. The White Paper on Indian Economy also stated that from FY15 to FY23, the length of national highways increased from 0.98 lakh km to 1.45 lakh km, the cargo traffic at major ports has risen from 581 million tonnes t...
Number of airports increased from 74 to 149 from FY15 to FY23: White Paper
Number of airports increased from 74 to 149 from FY15 to FY23: White Paper
Source: IANS
2024-02-09 10:00:09 am
Akasa Air signs MoU with Noida International Airport for strategic collaboration Akasa Air has entered a strategic collaboration with the Noida International Airport to support each other in their growth journeys and will base its aircraft at the airport to operate domestic and international flights and support the growing air travel demand in the region, an official said on Friday. Noida International Airport CEO Christoph Schnellmann said: "We are excited to welcome Akasa Air as our airline partner, marking a significant step forward as we progress towards airpo...
Akasa Air signs MoU with Noida International Airport for strategic collaboration
Akasa Air signs MoU with Noida International Airport for strategic collaboration
Source: IANS
2024-01-20 10:51:16 am
Bengaluru, Delhi airports get best airport award at Wings India Bengaluru and Delhi Airports were adjudged as the best airports at Wings India 2024, the civil aviation conclave and the exhibition that began here on Thursday. Union Civil Aviation Minister Jyotiraditya M. Scindia presented Wings India Awards 2024 at a function held at a city hotel on Thursday night. The best airport award was given jointly to Bengaluru and Delhi airports. Vistara-Tata SIA Airlines Ltd bagged the best airline of the year award, while Air India was recognised for int...
Bengaluru, Delhi airports get best airport award at Wings India
Bengaluru, Delhi airports get best airport award at Wings India
Source: IANS
2024-01-19 09:51:10 am
Delhi airport`s runway 29L CAT III operational from today: Jyotiraditya Scindia Union Minister of Civil Aviation, Jyotiraditya Scindia said that RWY (runway) 29L at the Delhi airport has been made CAT III operational from Tuesday. Addressing the issue of fog-induced disruptions, Scindia took to X to share the latest measures undertaken by the aviation authorities. He said that Standard Operating Procedures (SOPs) to alleviate passenger inconvenience were issued to all airlines on Monday. "In addition to these SOPs, we have sought incidence reporting thrice ...
Delhi airport`s runway 29L CAT III operational from today: Jyotiraditya Scindia
Delhi airport`s runway 29L CAT III operational from today: Jyotiraditya Scindia
Source: IANS
2024-01-16 04:43:29 pm
With blueprint finalised, expansion work of Bagdogra Airport to start from February  With the blueprint being finalised, the full-fledged expansion work of Bagdogra Airport near Siliguri in Darjeeling district in West Bengal will start from next month, sources aware of the development said. It will begin with the construction of the new terminal building of the airport with a higher passenger capacity than now. “The tender-acceptance process was completed in November last year and the process for the examination of bids and its finalisation was completed in ...
With blueprint finalised, expansion work of Bagdogra Airport to start from February
With blueprint finalised, expansion work of Bagdogra Airport to start from February
Source: IANS
2024-01-15 04:10:30 pm
Ayodhya airport: A new era in airport excellence  The Ayodhya Airport, set to be inaugurated by Prime Minister Narendra Modi on Saturday, marks a new era in Airport excellence and cultural identity, propelling India's growth story skywards. Designed by Sthapati and built at a cost of Rs 1,450 crore, the Ayodhya Airport emerges as an infrastructural marvel and a promise of holistic community development and cultural enrichment. Beyond its physical dimensions, the airport, with its GRIHA 4-Star Certification, stands as a testam...
Ayodhya airport: A new era in airport excellence
Ayodhya airport: A new era in airport excellence
Source: IANS
2023-12-29 10:14:50 am
Jyotiraditya Scindia reviews capital expenditure target of all airport operators  Union Aviation Minister, Jyotiraditya Scindia held an Advisory Group Meeting with airport operators and assured them of implementing all possible measures to facilitate a smooth and time-saving travel experience for passengers. In the meeting on Tuesday, with the upcoming holiday season in mind, the Minister emphasised on the importance of preventing congestion at airports. In the meeting, Scindia took note of queries and suggestions from operators and guided them to ensure optima...
Jyotiraditya Scindia reviews capital expenditure target of all airport operators
Jyotiraditya Scindia reviews capital expenditure target of all airport operators
Source: IANS
2023-12-20 02:12:09 pm
DGCA releases winter schedule of flights, 23,732 flights set to operate from 118 airports The Directorate General of Civil Aviation (DGCA) has released the Domestic Winter Schedule for 2023, signalling a significant increase in domestic air travel.Under the schedule 2023, there will be a total of 23,732 weekly departures connecting 118 airports.To be in effect from October 29, 2023, to March 30, 2024, the schedule marks a notable recovery after two consecutive years of reduced domestic flight operations.According to the DGCA, one of the standout features of this winter schedule is...
DGCA releases winter schedule of flights, 23,732 flights set to operate from 118 airports
DGCA releases winter schedule of flights, 23,732 flights set to operate from 118 airports
Source: IANS
2023-10-24 10:13:32 am
Adani Ports sees more offers at dollar bond buyback than planned India's Adani Ports and Special Economic Zone has received offers worth about $213 million under its dollar bond buyback, but will accept only $195 million as announced earlier, the company said in an exchange filing on Thursday.The company had late September initiated buyback of 3.375% senior notes maturing in July 2024 and had said it plans to keep buying the outstanding notes over the next three quarters for cash.The outstanding for this bond stands at $520 million, according to data from ...
Adani Ports sees more offers at dollar bond buyback than planned
Adani Ports sees more offers at dollar bond buyback than planned
Source: Reuters
2023-10-12 10:46:40 am