AAI to install new system to integrate six major airports

AAI

January 3, 2015, was a particularly misty day in Chennai. A thick blanket of fog had enveloped the city disrupting air traffic. Pilots of flights coming in from Mumbai took a while to realize that visibility was less than 100m. By then, it was too late for traffic control to relay the news to airlines in Mumbai about the dense fog.

Flights that could have been delayed till the problem was solved took off and were unaware of the ideal route to take to Chennai in such a situation. This plunged the airlines operation department and traffic control into chaos. Such situations, which are common place, may be soon a thing of the past. Airports Authority of India (AAI) will launch a project to streamline air traffic flow to the six busiest airports in the country.

Read More: http://goo.gl/1qak3g

 

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Government gets Rs 5,814 crore revenue from Airports Authority of India in 4 years

Airport-Authority-of-IndiaNEW DELHI: The government has received more than Rs 5,814 crore from the Airports Authority of India (AAI) in the last four financial years, Lok Sabha was informed today.

The amount has come by way of dividend, dividend tax, guarantee fees, interest on government budgetary support loan, income tax and service tax, Civil Aviation Minister Ashok Gajapathi Raju Pusapati told the Lok Sabha.

“Government has earned Rs 1,186.56 crore, Rs 1,344.13 crore, Rs 1,438.12 crore and Rs 1,845.16 crore (provisional) as revenue for the years 2011-12, 2012-13, 2013-14 and 2014-15, respectively, from the AAI,” he said in a written reply.

Read More: http://goo.gl/aKLAju

Anil Kumar Sharma takes over as new NSCBI Airport Director

airport authority of indiaKOLKATA: Anil Kumar Sharma today took over as the new Director of the Netaji Subhash Chandra Bose International (NSCBI) Airport here, the Airports Authority of India said.

Sharma earlier served as Regional Executive Director, Western Region, Mumbai Airport.

The former Airport Director B P Sharma left on March 8 to join as Chairman and Managing Director of Pawan Hans Ltd, the AAI said.

Source: http://goo.gl/EpbgMv

Airports Authority of India to go for listing on bourses by end of FY16, hires SBI Caps; analysts welcome move

Airport-Authority-of-IndiaNEW DELHI: The Airports Authority of India (AAI) has kicked off the divestment process and subsequent listing on the bourses, and has hired SBI Caps to guide them through the process.

“SBI Caps will guide us through the divestment process. They will prepare a report on the whole process and issues, which will then be discussed by AAI’s board,” said a senior Airports Authority of India (AAI) official, who did not wish to be identified.

The civil aviation ministry, in its civil aviation policy, announced its plans to divest stake and list AAI and Pawan Hans Helcopters Ltd (PHHL) by the end of 2015-16 fiscal year.

While PHHL had started the exercise over a month back and hired SBI Caps to help them with the formalities, AAI has set the ball rolling now.

Read More: http://goo.gl/ZD79Ht