Aai

AAI received passenger fee of Rs 2,032 cr from six leased airports: Govt

Airports Authority of India (AAI) has received passenger fees totalling about Rs 2,032 crore till June this year from the private partners operating six airports that were leased out in 2019. The airports at Lucknow, Ahmedabad, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram have been leased out to Adani group under the Public Private Partnership (PPP) since 2019. "Private partners of these airports have paid approximately Rs 2,032 crore to AAI as Per Passenger Fee (PPF) till June 2024. "AAI has also received an amount of approximately Rs 2,758 crore from the private partners of these six airports in the form of upfront fee towards the capital expenditure incurred by AAI at these airports," Minister of State for Civil Aviation Murlidhar Mohol told Lok Sabha on Thursday. According to him, these airports were leased out for better operations, management and development for 50 years. The minister also said in a written reply that as per the National Monetisation Pipeline (NMP), 25

India to double airports to 300 by 2047 amid surging passenger traffic

AAI's draft plan indicates 70 airstrips could be developed into airports capable of handling narrow-body aircraft such as the A320 or B737, while 40 airstrips could be upgraded for smaller aircraft

Delhi airport Terminal 1 shut after roof collapse; 1 dead, 6 injured

Aviation ministry orders comprehensive structural inspections at airports across India

AAI to post highest ever pre-tax profit of Rs 5,000 crore in FY24

Airports Authority of India (AAI) is expected to report the highest-ever profit of Rs 5,000 crore in the financial year 2023-24, a senior official said on Monday. In recent years, the number of airports has gone up, especially with the regional air connectivity scheme, amid rising domestic air traffic. AAI Chairman Sanjeev Kumar said the organisation surpassed the capital expenditure target at around Rs 5,250 crore in the fiscal ended March 2024. In 2023-24, the turnover is expected to be around Rs 15,000 crore and the profit before tax at Rs 5,000 crore, which will be the "highest ever in our history," Kumar said. He was speaking at the 29th annual day of the AAI. At the function, Civil Aviation Minister Jyotiraditya Scindia said the number of airports, heliports and waterdromes has increased to 157 from 74 in the last 10 years. Efforts are on to increase the number to 200, he added.

AAI planning capex of Rs 30,000 cr in next five years: Jyotiraditya Scindia

AAI Chairman Sanjeev Kumar said the AAI's capex in 2023-24 stood at Rs 5,250 crore. It was a bit higher than the capex of 2022-23, which stood at Rs 5,175 crore

Govt asks Mumbai Airport to reduce flights, manage overscheduling

To alleviate congestion and improve on-time departure, the Airport Authority of India has imposed new restrictions on Mumbai International Airport

Zooom Airlines resumes services with inaugural Delhi-Ayodhya flight

After a hiatus in 2020, Zooom Airlines on Thursday resumed its operations with an inaugural flight connecting Delhi to Ayodhya, the domestic airline said

India's aviation sector needs to clarify insolvency laws, says ACG

India amended its insolvency laws last October to exclude leased aircraft from assets that can be frozen in a bid to address discrepancies between local and global rules

Arbitral tribunal asks AAI to refund annual fees to Adani-owned MIAL

MIAL, a step-down subsidiary of Adani Enterprises Limited, operates Mumbai airport, India's second busiest

Airport operator DIAL gets arbitral award on revenue share payments to AAI

Delhi airport operator DIAL has won an arbitral award against Airports Authority of India (AAI) with respect to revenue share obligations during the coronavirus pandemic period. Under the Operation, Management and Development Agreement (OMDA) for the Delhi airport, DIAL had invoked arbitration against the AAI seeking certain reliefs as eligible to it on account of the occurrence of force majeure event during the coronavirus pandemic period. In a regulatory filing, GMR Airports Infrastructure Ltd said an arbitral tribunal passed the award on January 6. Mentioning about key aspects of the award, the company said DIAL has been "excused from making payment of Monthly Annual Fee (MAF) for the period from 19th March 2020 to 28th February 2022 due to existence of force majeure". The amount of MAF paid by DIAL to AAI for the period March 2020 to December 2020 was ordered to be refunded along with interest, the filing submitted to the stock exchanges late Sunday said. As per the filing, DI

Delhi Airport wins arbitration against AAI, secures refund & payment waiver

The tribunal outlined specific directives that entail a refund of Rs 500 crore from AAI and a waiver of Rs 1,800 crore payment to the authority

Vumlunmag Vualnam to be new Civil Aviation Secretary as part of reshuffling

A total of 15 IAS officers have been appointed as secretaries and additional secretaries in various departments and organizations of the Government of India

AAI to set up civil enclave in Ambala for RCS flight operations: Anil Vij

Haryana Home Minister Anil Vij on Wednesday said the Airports Authority of India will set up a civil enclave in Ambala for operations of flights under the Regional Connectivity Scheme. The Haryana aviation department will transfer more than Rs 133 crore to the Ministry of Defence for the purpose, to which the state government has given its approval, Vij said, according to an official statement. Vij said the Civil Enclave will be established on about 20 acres, alongside the Air Force station of Ambala, and work on it will start soon. He said a Rs 16-crore tender has been floated for the operation of the civil enclave. A civil enclave is an area of military airbase allotted for civil aviation use. Vij said that the civil enclave was sanctioned under the UDAN scheme. According to the statement, Vij made tireless efforts to set up the enclave and it has now been approved and flight operations will also start soon. Vij said the airplanes will be parked in the enclave while the airstr

Spicejet moves Delhi HC challenging order in favour of Kalanithi Maran

Spicejet and its promoter Ajay Singh Wednesday approached the Delhi High Court challenging a single-judge order upholding an arbitral award asking them to refund Rs 579 crore plus interest to media baron Kalanithi Maran. The appeals came up before a division bench of Justices Yashwant Varma and Dharmesh Sharma which initially listed it for hearing on September 15 as the counsel for Spicejet and Singh were not present. Later, Spicejet's counsel mentioned the matter before the bench which then listed it for hearing on Thursday. On July 31, the single judge had upheld the award announced by the arbitration tribunal on July 20, 2018 in favour of Maran and his company Kal Airways. There is nothing in the impugned award to suggest that it suffers from patent illegality and the findings therein are perverse and will shock the conscience of this court. "In the instant case, the petitioners have not been able to prove that the impugned arbitral award is patently illegal, against public pol

Two planes cleared to take off, land at same time at Delhi airport

Flight UK725 from Delhi to Bagdogra was taking off from the newly inaugurated runway and the Vistara flight from Ahmedabad to Delhi, after landing on a parallel runway, was moving towards the end of t

Air Asia staff stops K'taka guv Thaawar Chand Gehlot from boarding flight

According to a report, the office of the Governor of Karnataka has written to the AAI protesting the incident

SC ruling on user development fee provides guidance for GST, tax on royalty

The SC had held that UDF collected by the DIAL is in the nature of statutory levy and the same would not be taken as consideration against any services

Airports Authority of India plans Rs 4,000-cr capital expenditure in FY24

Building 2 greenfield airports, upgrading 23 existing ones

Tamil Nadu says won't transfer land ownership to AAI for Coimbatore airport

Finance Minister says lease payments to Tamil Nadu should be on market rate if centre transfers land to private firms

IndiGo flies higher even as SpiceJet sputters into a loss in Q4: Brokerages

Traffic in the sector has crossed pre-Covid levels and has sustained in the fourth quarter, which is traditionally a weak season for travel