A controlling 74% stake in Mumbai International Airport, together with the six non-metro airports it bagged in a government tender, will make Adani Group the largest private operator of airports in India
Battle for MIAL: Arbitration tribunal restrains Adanis from buying Bidvest stake; GVK asked to compensate South African partner
The Bombay High Court had late October asked GVK to close the deal by 7 November 2019 in the third extension to arrange the Rs 1,248-crore or Rs 77 a share for the deal, valuing MIAL at Rs 9,500 crore.
Mumbai airport will be 100% plastic-free from 2 October; offenders to be fined between Rs 5,000-Rs 25,000
The Mumbai airport will become 100 percent plastic-free from 2 October (Wednesday), said the GVK-run Mumbai International Airport Limited (MIAL) in a statement on Monday. The MIAL released released a notice, laying out the guidelines of plastic-ban in accordance with the Union government.
Mumbai rains: 30 flights cancelled, 118 delayed at Chhatrapati Shivaji International Airport for second day as city braces for heavy downpour
With local train services slowing down or coming to a standstill and traffic snarls on major roads in Mumbai on Wednesday, airline and airport staff were unable to reach the workplace, resulting in delays and cancellations on Wednesday and its spill-over effect continued on Thursday as well.
Mumbai airport’s main runway to remain closed till 4 July; 203 flights cancelled, 350 delayed as work continues to remove stuck aircraft
The main runway of the Mumbai airport is likely to remain closed for flight operations till Thursday as it will take more time to remove the SpiceJet plane that was stuck partially on the runway on Monday
GVK Power & Infrastructure on Friday said its step-down subsidiary GVK Airport Holdings will acquire 12 crore shares of Mumbai International Airport (MIAL) for Rs 924 crore from ACSA Global
Adani Group makes offer to buyout 23.5% stake in Mumbai airport as South African partners in JV keen to exit
Adani Group has also bid to operate six non-metro airports that are currently under AAI's management.
Mumbai airport handled record 1,004 aircraft on Saturday; number of chartered flights increased due to Isha-Anand wedding
A Mumbai International Airport Ltd (MIAL) spokesperson confirmed that the airport handled a record 1,004 arrivals and departures on Saturday, but did not divulge the factors leading to the surge in traffic movement.
Central government's regional air connectivity scheme Udan is adding to the woes of the capacity-constrained Mumbai airport as smaller aircraft take more time to clear the runway, reducing its capacity further, according to a top airport executive
A CEO of a US-based company has been arrested for allegedly making a hoax bomb call at the Mumbai Airport after apparently being miffed over flight delays.
Apart from enhanced aviation services to non-metro cities, the sector has also benefited from the rise in domestic disposable income levels
A 90-meter tall hillock is being razed to just 8 meters for runways for the upcoming Navi Mumbai international airport
Operators of both airports also argue that the Airports Authority of India, which is seeking an audit by the CAG,has not made known any doubts nor sought any clarifications from the board of directors of either airport
As of now, Tata-SIA joint venture airline Vistara is the only domestic carrier operating out of T-2.
AERA has proposed a 78.4 percent reduction in airport charges at the Delhi Airport from February 1
FIRs have been registered against top officials of the aviation ministry, GVK Ltd and police department on a complaint that Mumbai International Airport Ltd (MIAL) received undue benefits.
The process followed till now by previous governments in awarding airport projects to private developers has been fraught with anomalies.
A draft policy on remote and regional connectivity has also been evolved, which would aim at granting various concessions and incentives to airlines to fly to such areas.
The airports would come up on a public-private partnership model
The transaction is part of the process of overall commercial development of 22 million square feet of the airport in phases over a period of ten years, GVK said in a press release, adding that the transaction has been finalised at the rate of approximately Rs 106 crore per acre which translates to total of Rs 580 crore for this parcel at approximately Rs 5,000 per square foot of built-up area.<br />