Tag Archives: AAI

AAI to develop greenfield airport in Arunachal Pradesh’s Hollongi

The Airport Authority of India (AAI) will develop a greenfield airport at Arunachal Pradesh’s Hollongi, near Itanagar. This airport is expected to be completed by November 2022. With an area of 4100 sqm and estimated cost of Rs 650 crore, the new domestic terminal building of the airport will be able to handle 200 passengers during peak hours. Equipped with eight check-in counters, the terminal building will have all modern passenger facilities. The terminal will be an energy-efficient building provisioned with a Rain Water Harvesting system and sustainable landscape.

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Adani acquires 74% stake in Mumbai airport, infuses much-needed liquidity

Adani Airport, a subsidiary of Adani Enterprises, is set to become India’s biggest private airport operator after acquiring the entire 50.5% stake of GVK Airport. This takes its total to 74% controlling stake in Mumbai International Airport Limited (MIAL) as well as the proposed Navi Mumbai International Airport Limited. The remaining 26% is held by AAI.

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Chennai Airport to be first Indian airport to have five-screen PVR multiplex

Chennai Airport will be the first airport in India to house five screens of PVR Cinemas. The screens will be located in the multi-level car parking complex, which is under construction. The facility is being built at a cost of ₹250 crore by the Olympia Group, and will not only have a theatre but also many options for food and beverage. The five screens would have roughly over 1,000 seats. According to officials of the Airports Authority of India (AAI), the multi-level parking would be completed and thrown open to the public by October. It has been revealed that the facility will be constructed in such a way that it will be convenient for passengers to park their cars, shop and watch a film. The facility is coming up on either side of the Chennai Metro Rail station at a height of 27 metres. The parking facility can accommodate 2,000 cars. The theatre will be built by Olympia Group for a budget of 250 crore rupees.

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AAI ready to invest over Rs 25,000 crore in airport infrastructure: Hardeep Singh Puri

Airports Authority of India (AAI) is readying to invest more than Rs.25,000 crores in airport infrastructure, says Hardeep Singh Puri, Minister of State(I/C) for Civil aviation. “India, being the third largest domestic civil aviation market in the world and showing a robust growth, is poised for greater heights. With the kind of fleet expansion underway, India will soon have about 2000 civil aviation aircrafts in the sky, we will be doubling the number of airports with Airports Authority of India (AAI) readying to invest more than Rs.25,000 crores in Airport infrastructure and we have a structured privatisation program in place,” he said.

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94 AAI airports incurred losses in 2017-18: Suresh Prabhu

Airport Authority of India (AAI)’s 94 airports incurred losses in the financial year 2017-18, informed Suresh Prabhu, Union Minister for Commerce & Industry and Civil Aviation, in a written reply to a question in Lok Sabha recently. “The losses are mainly due to low revenue generation to meet the total expenditure of the respective airports,“ said Prabhu while citing the reason. AAI owns and manages 129 airports around the country. He further said that the authority has taken steps to enhance aeronautical revenue in the form of increase in tarrif at non-major airports and measures for commercial exploitation at some airports to increase the revenue and to reduce losses.

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Women in Aviation International and Lockheed Martin India celebrate ‘Girls in Aviation Day’

Women in Aviation International, India Chapter and Lockheed Martin India, in association with Airports Authority of India (AAI), celebrated ‘Girls in Aviation Day’ on the ocassion of International Civil Aviation Day. With the vision to encourage girls to take up STEM subjects and explore career opportunities in related industries, Girls in Aviation Day is aimed at showcasing opportunities in the aviation and aerospace sectors. This initiative also aligns with the Government of India’s ‘Skill India’ initiative. As part of the programme, Women in Aviation International (India Chapter) invited 90 students from various schools for an informative session in New Delhi. Visiting students were given an opportunity to hear industry experts speak on the ‘Future of STEM in India’. The session stressed upon the importance of Science, Technology, Engineering & Mathematics and how these subjects can lead to fulfilling careers in aviation. Additionally, Women in Aviation gave out 10 IATA-sponsored course kits to underprivileged girls to empower them to kick start a career in aviation. Speaking on the occasion, Radha Bhatia, President, Women in Aviation International, India Chapter, shared,” This is the third year that the WAI India Chapter is celebrating ‘Girls in Aviation Day’ and we are delighted to host the same in the capital. This day is celebrated for the young girls to encourage them to choose aviation as a viable career opportunity. World over, India has the maximum number of female pilots, but there are many other avenues that are still unknown. With this celebration, our aim is to see girls from New Delhi explore exciting careers available to them as engineers, air traffic controllers and dozens of other jobs within the aviation.” Speaking about Lockheed Martin’s commitment …

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AAI sees over 15% growth in revenues, 22% rise in profits for FY16-17

The Airports Authority of India (AAI) has registered growth of more than 15% and 22% in its revenues and profits after tax, respectively in the financial year 2016-17 as compared to the financial year 2015-16. While its traditional businesses have grown at a healthy rate, growth in the new businesses and new markets also contributed to its revenues, according to AAI annual report 2016-17. The major factors for hike in revenue are increase in route navigational charges and terminal landing charges; increase in landing, housing and parking charges; increase in passenger service fee; increase in other revenue like trading concession, rent and services, cargo, UDF and other miscellaneous revenue, and increase in share of revenue from Delhi International Airport Limited (DIAL) & Chhatrapati Shivaji International Airport (MIAL).

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AAI and Haryana Govt. to create aviation hub in Hisar

In a  move to develop civil aviation infrastructure in the state, the Airports Authority of India (AAI) has signed a Memorandum of Understanding (MoU) with Government of Haryana for creating a world-class international aviation hub in Hisar. The MoU was jointly signed by Ashok Sangwan, Advisor Civil Aviation, Civil Aviation Department (DCA), Government of Haryana and Anil Gupta, General Manager (Business Development), AAI in the presence of other officials on December 11. Sangwan appreciated the role of AAI in creating, upgrading, maintaining and managing civil aviation infrastructure and airspace in the country. Gupta reiterated AAI’s commitment in assisting the Haryana goverment for creating and developing world-class civil aviation infrastructure in the state.

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AAI to develop new projects in Lucknow, Deoghar and Allahabad

In a bid to improve and develop airport infrastructure to meet the growing traffic needs, Airports Authority of India (AAI) is taking up new development works at Lucknow, Deoghar and Allahabad airports. Apart from this, AAI will also develop a greenfield airport at Hirasar, Rajkot. AAI plans to construct new integrated passenger terminal building at Chaudhary Charan Singh International Airport, Lucknow, with an estimated cost of Rs. 1230 crores resultant of the increasing passenger traffic during last five years. The new terminal will be able to handle 4000 passengers during peak hour and 6.35 million passengers per annum. In addition, AAI will develop Deoghar airport in Jharkhand, to facilitate the joint use of civil operation up to Airbus-320 and DRDO operation up to C-130 type of aircraft. The work will be carried out at an estimated cost of Rs. 401.34 crore on fixed cost basis and Rs. 427.43 crore on completion cost basis. An MoU was signed between the Government of Jharkhand, DRDO and AAI in March, 2017. As per the MOU, there will be financial input to the tune of Rs. 50 crore by Govt. of Jharkhand, Rs. 200 crore by DRDO and balance cost to be funded by AAI. To meet the demand of increasing air travel in Allahabad, a new civil enclave at Allahabad will be developed by AAI at an estimated cost of Rs. 125.76 crores. The new terminal is to be made operational before the ‘Ardh Kumbh Mela’ to be held in January 2019. AAI will also take up the work of development of greenfield airport at Hirasar, Rajkot in Gujrat on Build, Operate and Maintain basis. Govt. of Gujarat has provided the land free …

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AAI signs MoU with Uttarakhand for development of aviation

Airports Authority of India (AAI) has signed an MoU with Government of Uttarakhand and collaborated with Uttarakhand Civil Aviation Development Authority (UCADA) to develop the civil aviation sector in the state. The MoU aims to identify relevant factors influencing the development of civil aviation infrastructure in Uttarakhand; assessing commercial potential of various airports of the state; identifying technical considerations for airport operations in the state; evaluating site related technical and engineering parameters for development of projects, making estimate of the capital outlay for the future projects and development of master plan for existing and future civil aviation infrastructure in the state. AAI will also assist UCADA in obtaining necessary clearances for airport operations starting with the upgraded airport at Pithoragarh and later at Chiniyalisaur. The MoU was signed by S. Ramaswamy, Chief Secretary, Government of Uttarakhand and Anil Gupta, General Manager (Business Development). Ramaswamy said that the Government of Uttarakhand is determined to fulfil the long pending requirement of operational airports within the state. The new airports would also be part of the Regional Connectivity Scheme and will boost tourism and air connectivity for the local public.

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