CIAL reports 144.58 cr PAT in FY'15

Last Updated: Friday, June 12, 2015, 17:33

The board of directors recommended a dividend of 21 percent. It also decided to convene this year's annual general body meeting on August 18.

500 passengers face hardship at IGI due to SpiceJet flight delay

Last Updated: Friday, June 12, 2015, 13:02

Around 500 passengers of budget carrier SpiceJet had to face hardship at the IGI airport here after its three flights were delayed due to non- availability of plane, which were stuck at other airport due to bad weather and a medical emergency.

GVK Power & Infra acquires 100% stake in GVK Airport Services

Last Updated: Friday, June 5, 2015, 20:23

GVK Power & Infrastructure has acquired 100 per cent stake in GVK Airport Services Pvt Ltd, a new subsidiary that will provide technical and consultancy services on the airport business of the firm.

Air India closes its office at Kanpur

Last Updated: Thursday, June 4, 2015, 19:00

Air India has closed its office at Ahirwan airport here and transferred all employees to Lucknow, almost a year after the national carrier stopped flight services from Kanpur to New Delhi, a senior airport official said Thursday.

MAMPL exits DIAL, GMR airports acquires its 10% stake

Last Updated: Monday, May 25, 2015, 22:48

GMR Airports, a subsidiary of GMR infrastructure, has acquired 10 percent additional stake from Malaysia Airports (Mauritius) Private Limited for a consideration of USD 80 million, raising its stake to 64 percent in Delhi International Airport Limited.

Airport privatisation: AAI extends bidding deadline again

Last Updated: Monday, May 25, 2015, 18:59

The Airports Authority of India (AAI) has again extended the deadline for submitting bids for control of four airports, further delaying their privatisation process.

Cidco hopes to begin work on Navi Mumbai airport by April next

Last Updated: Sunday, May 24, 2015, 12:28

"We have already started the ground work for the airport. We are inviting bids for hill cutting. We believe the airport will be commissioned by 2019," the official said.

Indira Gandhi International adjudged world's best airport

Last Updated: Saturday, May 2, 2015, 19:53

Airports Council International (ACI) presented the Airport Service Quality (ASQ) award to IGIA at a ceremony of the ACI Asia-Pacific/World Annual General Assembly on April 28 in Jordan.

AAI opposing cut in Delhi airport charges unfortunate: IATA

Last Updated: Sunday, April 19, 2015, 16:09

On the contrary, lower airport fee would stimulate the traffic growth at the Delhi Airport as it would bring down airfares to an affordable limits, it said.

Predatory air fares need to be regulated: Minister

Last Updated: Thursday, April 9, 2015, 16:12

There is a need for regulating "predatory" air fares instead of having a total pricing control, Union Minister Mahesh Sharma said on Thursday.

GVK to file up to $250 million IPO for airport unit soon

Last Updated: Monday, March 30, 2015, 20:47

The unit, GVK Airport Developers Pvt, operates airports in Mumbai as well as in Bengaluru. It is also developing airports at Bali and Yogyakarta in Indonesia, its website showed.

GMR to buy additional 10 pc stake in Delhi airport for $79 mln

Last Updated: Wednesday, March 25, 2015, 17:38

Hiking its stake in Delhi International Airport to 64 percent, GMR Infrastructure will acquire an additional 10 percent equity for USD 79 million from Malaysia Airports Holdings Berhad (MAHB), which is exiting the venture.