Andhra Pradesh Clears New Logistics Infrastructure Agency
GMR Cargo Secures Rs 7.5 Billion Loan For Delhi Cargo City
GMR Airports’ subsidiary, GMR Cargo and Logistics (GCLL), has secured a term loan facility of up to Rs 7.5 billion from Axis Bank to support the development of the upcoming cargo city at Delhi’s Indira Gandhi International Airport (IGIA), according to a recent exchange filing. The loan will fund the construction of the cargo city project, which spans 50.5 acres within IGIA. The airport is operated by Delhi International Airport Ltd (DIAL), itself a subsidiary of GMR Airports. To secure the facility, GMR Airports has provided a Sponsor Support Undertaking (SSU), along with a pledge, a Non..
UP Leaders Review Progress At Jewar International Airport
Uttar Pradesh Chief Minister Yogi Adityanath and Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu inspected the upcoming Jewar Airport site on Friday and participated in a detailed review meeting. The Noida International Airport, located near Jewar, is one of India’s largest greenfield aviation projects and is expected to significantly enhance connectivity across the Delhi National Capital Region (NCR). The airport is being developed under a public-private partnership model, with Zurich Airport International AG awarded the 40-year concession in 2020. Construction commenced in June 20..
Modi Opens Safran’s New Engine MRO Hub In Hyderabad
Prime Minister Narendra Modi on Wednesday virtually inaugurated the Safran Aircraft Engine Services India (SAESI) facility in Hyderabad. The launch took place via video conference, connecting him to the site within the GMR Aerospace and Industrial Park – SEZ at Rajiv Gandhi International Airport. SAESI is Safran’s dedicated maintenance, repair and overhaul (MRO) centre for LEAP (Leading Edge Aviation Propulsion) engines, which power Airbus A320neo and Boeing 737 MAX fleets. It is among the world’s largest aircraft engine MRO centres and marks the first time a global engine OEM has estab..
