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GMR to spend $700 mn for airport projects in Philippines, Goa

GMR to spend $700 mn for airport projects in Philippines, Goa

 Diversified group GMR today said it plans to spend USD 700 million on airport projects in Cebu, the Philippines and Goa in a little over three years.

HC upholds summoning of Vijay Mallya in cheque-bounce cases

HC upholds summoning of Vijay Mallya in cheque-bounce cases

The Delhi High Court on Friday upheld the trial court order summoning liquor baron Vijay Mallya as an accused in several cheque-bouncing cases filed against him by Delhi airport operator DIAL, saying being incharge of the company he was "equally liable to be prosecuted".

Delhi HC upholds trial court's order summoning Vijay Mallya

Delhi HC upholds trial court's order summoning Vijay Mallya

The Delhi High Court on Friday upheld a trial court order summoning the liquor baron Vijay Mallya as an accused in the cheque bounce cases.

Good News: Flying from IGI Airport becomes cheaper from May 1

Good News: Flying from IGI Airport becomes cheaper from May 1

With the discontinuation of the existing development fee that is charges from every passenger up till now, flying from IGI Airport has become cheaper from May 1.

Good News: Flying from IGI Airport becomes cheaper from May 1

Good News: Flying from IGI Airport becomes cheaper from May 1

With the discontinuation of the existing development fee that is charges from every passenger up till now, flying from IGI Airport has become cheaper from May 1.

Delhi airport to shut one runway for repair work

Delhi airport to shut one runway for repair work

Fliers at the Indira Gandhi International Airport here are likely face tough time from next week as private operator DIAL has decided to temporarily shut the main runway for maintenance work.

Bhiwadi set to house second airport in Delhi NCR, not Jewar

Bhiwadi set to house second airport in Delhi NCR, not Jewar

The second airport for the National Capital Region is set to come up at Bhiwadi in Rajasthan, the BJP-ruled state, and not Jewar in Uttar Pradesh, which was earlier proposed by the Mayawati government.

 

 

MAMPL exits DIAL, GMR airports acquires its 10% stake

GMR Airports, a subsidiary of GMR infrastructure, has acquired 10 percent additional stake from Malaysia Airports (Mauritius) Private Limited for a consideration of USD 80 million, raising its stake to 64 percent in Delhi International Airport Limited.

HC defers hearing on Mallya's plea in cheque bounce cases

Justice Sunil Gaur also exempted Mallya from personal appearance before the trial court.

GMR to buy additional 10 pc stake in Delhi airport for $79 mln

Hiking its stake in Delhi International Airport to 64 percent, GMR Infrastructure will acquire an additional 10 percent equity for USD 79 million from Malaysia Airports Holdings Berhad (MAHB), which is exiting the venture.

DIAL exits cargo services; sells stake to India Infra Fund

Delhi International Airport Ltd (DIAL), a subsidiary of GMR Infrastructure, has exited from cargo services at the Delhi airport by selling its entire stake to India Infrastructure Fund for Rs 29 crore.

DIAL raises $289 mn in junk bond sale at 6.12% coupon

Delhi International Airport (DIAL), which operates the nation's largest Indira Gandhi International Airport in the national capital, has raised USD 288.75 million by selling high yielding secured bonds to international investors.

DIAL faces alleged service tax evasion charge

The Delhi International Airport Private Limited (DIAL) has come under the scanner of central revenue department officials for allegedly evading service tax of about Rs 60 crore.

Air India put on cash-and-carry mode

Mumbai International Airport Limited, the joint venture company which runs the city airport, has communicated its decision to the Air India management.

Airport charges at Delhi, Mumbai to remain same till Oct-end

At Delhi's IGI Airport, which is the only one to charge user development fee (UDF) from both outgoing and incoming flyers, the rate would remain Rs 1,131 for international departing passengers and Rs 933 for those arriving here.

AAI has incurred a loss of Rs 58 crore: CAG

A loss of Rs 58 crore has been incurred by Airports Authority of India (AAI) as Delhi airport operator DIAL failed to include utilisation of customs duty scrip as income, government auditor CAG has found.

Delhi airport wins international health, safety award

The IGI airport here, operated by DIAL, has become the first Indian facility to bag the 'International Safety Award' from British Safety Council.

DIAL gets ISO 22301:2012 certification

Delhi International Airport Limited (DIAL)'s capability to handle emergency situations and ensure minimal disruption in passenger services at the airport has received an ISO certification from British Standards Institution.

Delhi airport registers record flight movement in an hour

The Indira Gandhi International Airport here has handled a record 73 number of flight movements in the country in an hour on a particular day.

GMR Group not in talks to buy out Fraport stake in DIAL

Fraport, the world's second largest airports operator, had picked up 10 percent stake in Dial for around Rs 240 crore in 2006 when the government privatised the Delhi airport.