Air India and Tata Advanced Systems Ltd (TASL), a player in aerospace and defence solutions, on Monday signed a memorandum of understanding (MoU) with the Karnataka government for an investment of ~2,300 crore in the state's aerospace and defence sector. The strategic move is expected to enhance Karnataka's aerospace ecosystem and help create over 1,600 direct and 25,000 indirect jobs in the state.
Invokes maintenance warranty for having to relay surface within 4 years; work to begin this weekend
This was decided after Bangalore International Airport Ltd, the private consortium developing the greenfield airport, rejected the civil aviation ministry's proposal of keeping both the airports operational. The Karnataka high court had recently advised the government to reconsider the concession agreement with the private developers, which says that the existing airport in Bangalore should be shut down after the new one starts functioning.
Bangalore International Airport Ltd (BIAL), the operator of the new airport at Devanahalli on the outskirts of the city, has ruled out withdrawing the user development fee (UDF) on both domestic and international passengers, saying it is needed to fund future expansion. On the contrary, GMR Hyderabad International Airport Ltd (HIAL) withdrew user fees for domestic passengers bowing to pressure from public, budget airlines and the government.
The new Bangalore international airport, scheduled to start flight operations from March 30, will far exceed its passenger traffic forecast from the very first day.
Apart from air pollution, poor infrastructure and a wobbly state administration, Bangalore has a new worry from March - how to leave town and get back to it once the new Bangalore International Airport Ltd (BIAL) opens its doors and the existing HAL airport on Airport Road shuts its doors.
Who do you think is right? Will Murthy's resignation adversely affect Bangalore's development? Or is Deve Gowda's claims correct? Or is it a matter of development versus petty politics? Tell us.
In a swift damage control exercise, Karnataka Chief Minister N Dharam Singh on Thursday said he would persuade Infosys Chairman N R Narayana Murthy to withdraw his resignation as the Bangalore International Airport Ltd chairman.
The government on Thursday enabled Bangalore International Airport Ltd to make changes in the project design so as to be able to cater to 8.4 million passengers by 2010 against the earlier target of 2020.
The Karnataka government has cleared the construction of the Bangalore International Airport. This decision paves the way for the Bangalore International Airport Ltd to go ahead with the financial closure of the project with its prime lender, the ICI
Construction work on the proposed green field international airport at Bangalore is expected to begin in November this year, a top airport official said in Bangalore.
These would include passenger engagement initiatives, consumer offers, and curated menus at food and beverage outlets.
A Mangaluru-bound Jet Airways flight with 65 passengers and four crew members on board on Wednesday returned to the Bengaluru airport shortly after departure as smoke was detected in the cabin.
The centre eyes airport-specific digital solution and ties up with start-ups to solve problem unique to BIAL
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
Rivals say the concessions would benefit AirAsia alone.
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