Airlines' flight cancellations may spike March fares

14 Feb 2024 CW Team

The Ministry of Civil Aviation stated that it had to compel Mumbai Airport to reduce flights. The reason behind this action was the airport's allocation of excessive slots, causing congestion. This situation resulted in aircraft hovering above the airport for up to 60 minutes. The Ministry explained that an airport slot is a designated time for aircraft takeoff or landing.

It was mentioned that the airport operator failed to take measures to organize and regulate air traffic movements. The Ministry of Civil Aviation acknowledged the necessity for government intervention to strike a balance between the needs of airport operators and airlines. The aim is to ensure a satisfying experience for passengers flying from Mumbai Airport.

Following criticism from passengers, the government clarified its decision. Passengers expressed concerns that such actions would lead to an increase in airfares on various routes. In response to the directive from the Airports Authority of India (AAI) to ease runway congestion, airlines are preparing to cancel hundreds of flights until March 30. This reduction in flights will result in approximately 40 flights being cut from the middle of this week.

The curfew on the operation of business jets at the airport faced an extension from four to eight hours, sparking protests from major corporate entities like Reliance, JSW, and the Mahindra group. Mumbai Airport, with a single runway, handles more flights than any other airport. In December, it recorded its highest monthly traffic of 4.88 million passengers.

Akasa Air announced the cancellation of two flights daily until the end of the next month.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..