Five airlines' owe over Rs 664 cr to AAI
Five private carriers, including the grounded Kingfisher, had to pay dues worth over Rs 664 crore to the Airports Authority of India (AAI) at the end of December 2014, the government said Tuesday.
Feb 24, 2015, 19:16 PM IST
No proposal to privatise airports, says govt
The government on Tuesday said it has initiated the process of developing four airports through public private partnership mode but there was no move to privatise them as of now.
Feb 24, 2015, 18:26 PM IST
AAI seeks to increase revenues from cargo business
Seeking to work as a commercial enterprise, the Airports Authority of India (AAI) is mulling a multi-pronged strategy to bolster revenues from cargo business and tap the commercial potential of its assets.
Jan 11, 2015, 17:29 PM IST
SpiceJet may get first round of investment by Jan 10
Crisis-hit SpiceJet may get the first round of its much-needed fund infusion in the next two days, while more may come in a month's time as part of an estimated USD 200 million investment plan, sources said on Thursday.
Jan 08, 2015, 20:57 PM IST
Will soon clear all dues to AAI: GoAir
The airline's dues currently stand at Rs 38 crore, exceeding the bank guarantee of Rs 30.5 crore.
Jan 05, 2015, 20:53 PM IST
AAI asks GoAir to pay about Rs 38 crore dues within a week
The AAI has issued a notice to the Wadia Group-promoted airline warning that it may be put on the "pay-as-you-fly" mode if the dues are not cleared on time.
Jan 02, 2015, 19:35 PM IST
SpiceJet defaults on salary payment a second time
Beleaguered carrier SpiceJet defaulted a second time on salary payments in last two months but got a reprieve Thursday from the Airports Authority of India (AAI), which extended the two-week credit payment facility to it by another 14 days.
Dec 31, 2014, 20:25 PM IST
Govt gives approval to AAI to lease land to navy, coast guard
The leasing of the requisite land at proposed airports will facilitate the coast guard/navy to establish various facilities for better surveillance of coast line, it said.
Dec 29, 2014, 20:18 PM IST
R K Srivastava appointed new chairman of AAI
The post of chairman was lying vacant after the superannuation of the then incumbent V P Agrawal.
Dec 20, 2014, 00:38 AM IST
SpiceJet shares bounce back; end with 2.5% gain
Erasing steep initial losses, shares of SpiceJet ended with over 2.5 percent gain Tuesday after the company got a breather as the Airports Authority indicated that it would not press for immediate clearance of its Rs 200 crore dues.
Dec 16, 2014, 19:19 PM IST
SpiceJet shares plunge 17% as airline asks for govt help
In four trading sessions, the stock has crashed over 25 percent, eroding Rs 216.63 crore from its market value.
Dec 16, 2014, 13:28 PM IST
SpiceJet moves govt, gets temporary relief
With an imminent closure staring at its face, beleaguered SpiceJet on Monday got a breather with indications that state-run Airports Authority of India would not press for immediate clearing of Rs 200 crore dues after the airline's promoter Kalanithi Maran gave personal guarantees to infuse more funds.
Dec 16, 2014, 11:50 AM IST
SpiceJet skids over 12% in 12 days post Jhunjhunwala check-in
In a rare case of a Rakesh Jhunjhunwala-invested stock going on a free-fall, the ace investor's investment in SpiceJet has depreciated by over 12 percent within 12 days amid mounting troubles for the cash-strapped budget carrier.
Dec 09, 2014, 18:02 PM IST
SpiceJet shares hit air pocket, slump nearly 14%
Shares of SpiceJet slumped almost 14 percent Friday amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier, even as the company denied any such move.
Dec 05, 2014, 18:47 PM IST
SpiceJet denies AAI has put it on cash-and-carry mode
Budget passenger carrier SpiceJet Friday refuted allegations that its operations have been placed by the airport operator on cash-and-carry mode.
Dec 05, 2014, 17:17 PM IST
Spicejet shares slump nearly 13%
Shares of Spicejet tumbled nearly 13 percent on Friday amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier.
Dec 05, 2014, 14:17 PM IST
Do away with landing charges at pvt airports: Airlines
The airports operated by public sector Airports Authority of India (AAI) do not charge the airlines for small aircraft like ATR turboprops, official sources said.
Nov 25, 2014, 22:40 PM IST
Proposed ATC tower hit by funds constraint
The proposed state-of-the-art Air Traffic Control tower along with a technical block at the city Airport here is yet to get the clearance from the Airports Authority of India board due to funds constraint.
Sep 01, 2014, 22:06 PM IST
AAI to develop 50 low-cost airports
The state-owned airport operator Airports Authority of India (AAI) is planning to develop 50 new low-cost airports across the country to cope with the growing air traffic.
Sep 01, 2014, 18:53 PM IST
India, US to work together in aviation security
In a first such aviation security initiative, India and the US have agreed to establish an equipment testing and evaluation programme as part of their strategic partnership.
Aug 02, 2014, 00:01 AM IST
