Tag Archives: Mumbai International Airport Limited

Adani Airports now holds 74% stake in Mumbai Airport

Adani Airport Holdings Limited (AAHL), the flagship holding company of Adani Group for its airports business, has acquired 23.5% equity stake in Mumbai International Airport Limited (MIAL) from ACSA Global Limited and Bid Services Division (Mauritius) Limited. This makes AAHL’s total stake in MIAL touch 74%, having earlier acquired the entire 50.5% cent stake of the GVK group in Mumbai Airport.

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Mumbai airport’s on-time performance grows by 12 per cent

GVK Mumbai International Airport Limited (MIAL), the company that manages Chhatrapati Shivaji Maharaj International Airport (CSMIA), recorded an increase of 12 per cent in the average on-time performance (OTP) of the last seven months. Mumbai Airport informed about the increase in On-Time Performance (OTP) of aircraft flying in and out of Mumbai. MIAL has undertaken several initiatives, along with the stakeholders to improve the OTP. As part of the initiatives, MIAL started measuring the time taken for carrying out each activity by the airline with a view towards optimising the aircraft turn-around time. These activities  covered AME establishing contact with the pilot, connection of aerobridge to the aircraft, passenger boarding and de-boarding, catering loading and un-loading, aircraft fueling, aircraft cleaning, etc. Thereafter, a critical path analysis of the activities was prepared to arrive at “minimum time required” for the aircraft turn-around. This was shared with the respective airlines, to enable the airlines understand the areas where there was scope of improvement to reduce the overall time taken for the aircraft turnaround. On completion of five years of operation of T2, the terminal has accounted for 25 per cent growth in Air Traffic Movement since 2014 and has reduced Runway Occupancy Time (ROT) from 65 seconds then to 47-49 seconds now.    

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Mumbai airport reports 10% increase in air traffic movement

Mumbai International Airport Limited (MIAL) saw a 10 per cent increase in overall air traffic movement as compared to the previous reporting periodm, according to GVK MIAL’s recently-published fourth biennial Sustainability Report 2018. The report also said that there was 22 per cent increase in domestic passengers and 13 per cent increase in international passengers during the reporting period as compared to the previous reporting period. The report is based on the theme – ‘Coming Together for a Sustainable Tomorrow’, showcases performance and achievements for FY 2016–17 and FY 2017–18. Through this report, MIAL aims to keep its stakeholders informed regarding progress on vital sustainability issues such as climate change, safety & security, environment & health and others to create value in short, medium and long term. MIAL is the first and only airport operator in India to publish Sustainability Report in public domain. Through the report, MIAL has demonstrated its commitment towards meaningful participation for achieving Sustainable Development Goals (SDGs). This report has been developed ‘In accordance’ – Comprehensive option of the latest Global Reporting Initiatives (GRI) Standards. Based on GRI database MIAL is the first airport operator in Asia to release the sustainability report in accordance with GRI Standards – comprehensive option. The report is externally assured by Bureau Veritas (India) in line with requirements of the AccountAbility 1000 Assurance Standard (AA1000AS) (2008) – Type 2 Moderate level.

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