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Delhi airport wants to increase international traffic capacity by 40-50%
Livemint
·
1y ago
Medial
Delhi International Airport Ltd (DIAL) plans to increase its international passenger traffic capacity by 40-50% in the next 6-12 months. Currently, 20% of overseas traffic at Delhi's airport is transit traffic, which is expected to grow. The airport is collaborating with airlines, such as Air India and IndiGo, to expand its international capacity, especially in relation to long-haul routes. The airport is also working on optimizing runway utilization and introducing automated people mover systems for improved passenger convenience.
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Adani’s $2.1 billion Navi Mumbai Airport to boost India's aviation ambitions
Livemint
·
1y ago
Medial
Adani Group's $2.1 billion Navi Mumbai airport project is a significant infrastructure development that reflects India's efforts to catch up with China and become a global aviation hub. The airport, with a lotus-shaped design, is expected to start operations in March 2023 and aims to handle 20 million passengers annually initially, with a potential capacity of 90 million by 2032. Adani Airport Holdings is in discussions with international airlines and expects 30% of traffic to come from international flights. The success of the project is crucial to Mumbai's overall revamp plans, with additional infrastructure developments being planned around the airport.
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Flying to Delhi, Mumbai to get costlier as GMR, Adani win case over tariff math
Livemint
·
4d ago
Medial
A tribunal ruling has allowed GMR Airports and Adani Airport Holdings to increase their revenue from the Delhi and Mumbai international airports, potentially raising airport charges by approximately 6% over the next decade. This decision, however, may result in higher costs for airlines and passengers at two of India’s busiest airports. Analysts suggest this could impact airlines like IndiGo, whose sales might face an equivalent 3.4% increase in costs.
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Trips from Bengaluru airport set to become dearer for Ola, Uber, BluSmart customers
Economic Times
·
1y ago
Medial
Passengers using app-based aggregators such as Ola, Uber, and BluSmart can expect a 30-40% increase in per ride pickup fee for taxi rides from Bengaluru airport. These platforms have agreements with Bengaluru International Airport Ltd (BIAL) that are up for renewal, and as part of these agreements, the airport operator receives a fee on every ride, which is then passed on to the passengers as an airport pickup fee. The revised fee is expected to take effect in a couple of weeks.
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GMR Airports raises stake in Delhi airport to 74% as Germany's Fraport exits
VCCircle
·
10m ago
Medial
India's GMR Airports Infrastructure has increased its stake in Delhi International Airport to 74% by purchasing Germany's Fraport's 10% interest for $126 million. The Airports Authority of India will retain its 26% stake in the airport. The deal follows the collapse of the airport's roof due to heavy rainfall last month. GMR Airports also has stakes in Hyderabad's Rajiv Gandhi International Airport and Goa's Manohar International Airport. Fraport expects the deal to help reduce its debt and is anticipating a closing within 180 days, pending approval from the Airports Authority of India and GMR shareholders.
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Delhi Airport Sees Around 100 Flight Cancellations on Sunday
OutlookIndia
·
2m ago
Medial
Around 100 flights were canceled at Delhi's Indira Gandhi International Airport on Sunday due to security concerns amid heightened tensions between India and Pakistan. Security measures were tightened, and several airports in northern and western India were temporarily shut down. The disruptions included 52 domestic departures and 44 arrivals, along with one international departure. Despite cancellations, Delhi International Airport Ltd reassured that the airport remains operational, though flight schedules might be affected.
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Delhi, Mumbai airports get HC notice in Airports Authority’s revenue sharing plea | Company Business News
Livemint
·
7m ago
Medial
The Delhi High Court has issued notices to Delhi International Airport Ltd and Mumbai International Airport Ltd in response to a petition filed by the Airports Authority of India (AAI) over a revenue-sharing dispute. The petition challenges a recent arbitral award that ruled against AAI. The dispute arises from confusion over the revenue-sharing model between the airports and AAI under a 2006 agreement. The case is now with the division bench after a single judge of the high court refused to interfere with the arbitral award.
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Delhi Airport Sees 35 Flight Cancellations
OutlookIndia
·
2m ago
Medial
At least 35 flights at Indira Gandhi International Airport in Delhi were cancelled due to missile strikes by Indian armed forces on terrorist targets in Pakistan and Pakistan-Occupied Kashmir under Operation Sindoor. This led to cancellation of 23 domestic departures, eight arrivals, and four international departures, including services by foreign carriers like American Airlines. The actions were a retaliation for the Pahalgam terror attack, impacting airspace conditions and causing disruptions at the busy airport.
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IndiGo to commence flights from Delhi Airport’s Terminal 1 from September 2 onwards | Mint
Livemint
·
10m ago
Medial
IndiGo Airlines has announced that it will resume flights from Terminal 1 of the Indira Gandhi International Airport in Delhi from September 2nd. The flights were previously suspended after a canopy collapse in June. Delhi International Airport Limited (DIAL) confirmed that the new terminal building would be operational again, with IndiGo and SpiceJet airlines shifting their flights to Terminal 1. DIAL has made various additions to the terminal, including signage and a mobile check-in service to improve passenger experience.
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Tata Steel plans ₹10,000 crore of capex a year to hit 40 mtpa by 2030 | Mint
Livemint
·
1y ago
Medial
Tata Steel plans to allocate around ₹10,000 crore per year for capital expenditure to expand its production capacity to 40 million tons per annum by 2030. The company aims to invest in capacity expansion and decarbonization efforts to reduce carbon emissions. The Kalinganagar plant will be expanded from 3 mtpa to 8 mtpa, with further plans to increase capacity to 13 mtpa. Tata Steel's Ludhiana electric-arc furnace is expected to be commissioned by 2026. The company also aims to transform its international sites, including shutting down a UK blast furnace and replacing it with an electric-arc furnace.
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Tamil Nadu plans new international airport in Hosur
Economic Times
·
1y ago
Medial
The Tamil Nadu government has announced plans to construct a new international airport in Hosur, spanning nearly 2,000 acres of land. With the capacity to serve three crore passengers annually, the new airport is expected to boost connectivity, stimulate economic growth, and establish a twin-city ecosystem with Bengaluru. Given Hosur's strategic proximity to Bengaluru and Chennai, as well as its booming manufacturing ecosystem, the airport is poised to attract investments and solidify the region's position as a major industrial and economic hub.
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