Have you read these stories?

If Airtel's math is right, AGR won't be the only thing killing Voda Idea

In case no help comes on the AGR front, any hope that Voda Idea has will evaporate pretty quickly.

Mumbai Airport

Dec 09, 2019, 01.13 PM IST



IndiGo plane suffers high engine vibrations mid-air; returns to Mumbai

The aircraft, flying from Mumbai to Bengaluru, was involved in an air turnback due to high vibrations in one of its engines. The plane has been grounded at Mumbai.

Virgin Atlantic to start second daily flight on London-Delhi route from March 29

"Virgin Atlantic will introduce a second daily service betwe...

Air India to start flying on Mumbai-Nairobi route from November 27

The four-times-a-week non-stop fight will be operated on Tuesdays, Wednesd...

ET Prime Distribution
  • Adani Properties Private Limited is set to acquire 13.5% stake in MIAL from Bid Services Division (Mauritius) Limited and 10% stake from ACSA Global Limited.

    As per the combination notice filed with CCI, the transaction involves acquisition of shares through two separate share purchase agreements. While Adani is buying 13.5 per cent stake in Mumbai International Airport from Bid Services Division, the rest 10 per cent has been acquired from ACSA, as per the notice said.

    The Debts Recovery Tribunal has announced a new auction date of Nov 27 through an online bidding process, for the beleaguered property. From the original reserve price of Rs 135 cr during the first auction of the property -- valued at around Rs 150 cr in 2016 -- for the 8th auction this time, the reserve price is fixed at a staggeringly low of just Rs 54 cr.

    Last year, the government had decided to privatise airports in Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati for operation, management and development through PPP model. The forum alleges that the government has "unilaterally" decided to privatise dozens of profit-making airports.

    Zurich AG (FZ) said, "it will be back" while exiting Bengaluru airport (KIA), where it had 17% stake, in early 2017. True to its word, it is back here with a bang in less than three years — it is likely to build and operate the Jewar airport.

    GVK has raised a significant sum & will now look to halt Adani Group's bid to acquire a stake in Mumbai Airport.

    The move comes amid the domestic passenger volume growing in single-digit in January-October period this year with a 4.5 per cent degrowth in March. The passenger traffic in the first 10 months of the year has grown on average a little over 3 per cent.

    Flights to US, Europe this holiday season may cost three times more on Jet’s exit. The India-London sector could see new flights, with Vistara and IndiGo possibly starting them next year, but other routes will have to wait. A Delhi-Paris ticket is priced at Rs 1,14,642 against Rs 40,020 in December last year, according to travel aggregator ixigo.

    The Directorate General of Civil Aviation is probing the incident, adding damage to the LPT blades prima facie caused the engine to stop functioning.

    Sanjay Bansod, NCP MLA from Udgir was taken to a hotel where Sena MLAs have been put up. Sena leaders then apparently spoke to Sharad Pawar, who had a chat with Bansod and sent MLA Shashikant Shinde to the hotel. Shinde, along with Narvekar and Eknath Shinde, took Bansod to Y B Chavan centre where an NCP meet was on.

    The chief minister has invited Prime Minister Narendra Modi to lay the foundation stone of two of these projects — the Bundelkhand Expressway this month and the Jewar International Airport in January. Work on the third such project, the defence corridor in UP, is expected to begin next February when the Defence Expo is held.

    The airline looks forward to bolster its growing presence and expanding network to connect its passengers to more destinations

Load More...

Other useful Links

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service