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07 May 2019

India Aviation Industry Newsletter 7 May

AAI takes stock of space occupied by Jet Airways at airports

The Airports Authority of India (AAI) has started taking inventory of the space occupied by Jet Airways at airports across the country. AAI chairman Guruprasad Mohapatra told TOI, stock-taking of Jet’s equipment both on airside and in terminals is being done. Once this exercise is complete, the airline will be asked to vacate the space and the same will be given back to it if it revives or to other carriers.

CAT-III at Chandigarh airport gets AAI nod

The Airport Authority of India (AAI) has approved installation of CAT-III at Chandigarh international airport. The facility will allow night operations and encourage foreign flight operators to connect directly with the city.

GMR Hyderabad International Airport to launch facial recognition system

The trial runs for the Face Recognition (FR) system, a technology enabled, passenger-friendly initiative at GMR Hyderabad International Airport (GHIAL), have been successful, so far, with th. e excellent performance of the system in accurately reading faces and verifying data of the individuals above and beyond. The Face Recognition facility is coming into existence under 'DigiYatra,' a signature program of the Ministry of Civil Aviation, Government of India. Jazeera Airways wants India to increase number of seats Jazeera Airways is keen that India increases the bilateral agreement of 12,000 seats a week. Jazerra Airways CEO Rohit Ramachandran believes that even if the number is taken up to 36,000, it is too little. The last seat revision between India and Kuwait was done in 2007. Kuwait has utilised 100% of its allocation, while Indian carriers have used up 90%.

Khaitan acts on $300 million deal for GMR Hyderabad Airport high yield bond issue

GMR Hyderabad International Airport Limited, a GMR group company said it is raising 300 million dollars from the overseas bond market for use in the expansion of Rajiv Gandhi International Airport. The bond proceeds will be used towards the capital expenditure to the expansion of the Airport at Hyderabad, increasing its capacity to 34 million passengers per annum. The is the first foreign high yield bond under the revamped currency external commercial borrowings framework, according to Khaitan & Co.

Mumbai Chhatrapati Shivaji International Airport’s big feat! Airport wins online sustainability award 2019

Mumbai Chhatrapati Shivaji Maharaj International Airport (CSMIA) wins big at the Econaur awards 2019! Being developed on the basis of green sustainable solutions, the Mumbai airport has been awarded the online Sustainability Award 2019 at Econaur. The award was presented under the category of ‘solid waste management’. The Mumbai airport is managed by the Mumbai International Airport Limited (MIAL), which is a GVK-led company and bagged the award for the airport’s sustainable development.

Passenger traffic at Indian airports report yoy decline in March 2019: ICRA

After years of strong growth, the traffic growth at Indian airports has hit an air pocket with passenger traffic declining by 1.1% yoy in March 2019. This has dragged down the FY19 passenger traffic growth to 11.6%, making it the lowest over the last five fiscals. The overall aircraft traffic also witnessed marginal de-growth of 0.1% in March 2019, led by a decline of 1.0% in international aircraft, while domestic aircraft movement remained stagnant.

VSS airport records high traffic in 1 month

Veer Surendra Sai (VSS) airport recorded maximum traffic between Jharsuguda and Delhi in the last one month since operations resumed there under UDAN scheme. Acumen Aviation © 7 May 2019 All Rights Reserved.