AAI seeks bids for building new civil enclave at Jammu airport
RVNL Signs MOU with AAI
Rail Vikas Nigam Limited (RVNL) has taken a significant stride in enhancing its market presence by signing a Memorandum of Understanding (MOU) with the Airports Authority of India (AAI). This collaborative agreement signifies a pivotal moment in the capital market, as two major infrastructure entities join forces to foster growth and development.
The MOU between RVNL and AAI sets the stage for synergistic endeavours aimed at leveraging each other's strengths and expertise in infrastructure development. RVNL, known for its prowess in rail infrastructure projects, brings to the table a w..
Adani Group Expresses Interest in Acquiring AAI's Stake in Mumbai Airport
Reports indicate that the Adani Group has shown interest in acquiring the Airports Authority of India's (AAI) stake in Mumbai Airport. This move signifies Adani Group's strategic expansion plans in the aviation sector and its intent to strengthen its foothold in India's airport infrastructure.
The potential acquisition of AAI's stake in Mumbai Airport reflects Adani Group's growing presence and ambitions in the aviation industry. If successful, the deal could position Adani Group as a key player in India's airport development landscape, further enhancing its portfolio in the transporta..
PM Modi unveils new terminal at Gwalior airport
Prime Minister Narendra Modi had inaugurated and laid foundation stones for 15 airport projects, which included a new terminal building at Rajmata Vijayaraje Scindia Airport in Gwalior. It was stated that the grand terminal building, covering an area of 20,000 square metres, had a peak hour capacity to handle around 1400 passengers, which was three times more than the capacity of the old airport. It was further mentioned that the new terminal had been constructed at an estimated cost of Rs 4.98 billion by the Airports Authority of India.
The Minister of Civil Aviation of India was quot..
Kolkata Metro Set to Launch Airport Line by Year-End
Kolkata Metro is gearing up to introduce a new airport line by the year's end, aiming to significantly improve city-wide transportation. This new line, an extension of the existing metro network, promises enhanced connectivity for commuters travelling to and from Netaji Subhas Chandra Bose International Airport.
The upcoming airport metro line is part of Kolkata Metro's efforts to expand its reach and cater to the growing transportation needs of the city. Once operational, it is expected to ease traffic congestion and provide a faster, more reliable alternative for air travellers and da..
IndiGo Expanding Regional Network with 100 Smaller Planes
IndiGo, the renowned player in India's aviation industry, is set to bolster its regional connectivity with a strategic move to acquire 100 smaller aircraft. This ambitious plan aligns with the airline's vision to broaden its reach and cater to burgeoning demand in untapped markets.
The decision to invest in a fleet of smaller planes underscores IndiGo's commitment to enhancing accessibility, especially in regions where conventional aircraft may face operational constraints. By venturing into this segment, the airline aims to seamlessly integrate remote destinations into its network, th..