Fairfax India, the Indian unit of billionaire Prem Watsa’s Canadian investment firm, continues to create market buzz with another strategic acquisition when it acquired yet another 10% stake in Bangalore International Airport Limited, or BIAL, for $255 million. Such a deal significantly strengthens Fairfax’s control in the airport venture and lifts ownership levels to a majority of 74%. This step …
Indian airlines are still battling the issue of aircraft supply, and the rising demand for air travel is forcing the Directorate General of Civil Aviation to streamline regulations on the wet-leasing of planes. This will help in the oversight and ensure safety in wet-leased aircraft operations, especially when airlines seek quick expansion of their fleets to accommodate growing passenger demand. …
Launched in October 2016, the UDAN scheme or ‘Ude Desh ka Aam Naagrik’, aimed to uplift regional air connectivity of the country. It had offered air travel with affordability by making connections for many underserved and unserved airports across India. However, to date, it has just touched the very scratch of what’s needed, concluded ICRA – an Indian credit rating …
It’s well past due since a show-cause notice from the Airports Authority of India (AAI) has been issued to Delhi International Airport Ltd, the company operating the facilities, as per its detailed review of structural faults at the Terminal 1 (T1) of the Indira Gandhi International Airport (IGIA). It came after June 2024 witnessed the collapse of the roof that …
Cochin Airport, one of the major aviation hubs in southern India, has floated a tender of Rs. 265 crore for civil works associated with the expansion of its international terminal building, located at Nedumbassery, or Kochi International Airport. This is part of the efforts made by the airport to better its passenger amenities and overall infrastructure. Expansion Plan of Cochin …