Aviation Sector

North Korean threat to South Korean planes

North Korean threat to South Korean planes Seoul  - North Korea on T

Turkish airlines announces compensation for plane crash victims

Turkish airlines announces compensation for plane crash victimAnkara - Turkish Airlines Tuesday announced that it was prepared to immediately pay compensation to the families of those killed and all surviving passengers on board flight TK 1951 which crashed while approaching Amsterdam's Schiphol Airport last week.

AAI operated airports to levy development fees

Union Civil Aviation Minister Praful PatelThe Airports Authority of India (AAI), for first time, has decided to levy the development fees from passengers at authority operated airports at Kolkata, Chennai, Goa, Ahmedabad and Thiruvananthapuram. It should be recalled that privately operated airports at Delhi, Hyderabad and Bangalore are already charging such fees from passengers.

GMR-Malaysia Air arm to set up MRO unit in Hyderabad

GMR-Malaysia Air arm to set up MRO unit in HyderabadGMR Hyderabad International Airport (GHIAL) and MAS Aerospace Engineering (MAE), a fully-owned subsidiary of Malaysia Airlines, has penned down an agreement to form a 50:50 joint venture christened MAS-GMR Aerospace Engineering Company to develop a MRO facility in Hyderabad.

The facility, with an investment of Rs 400-crore, would come up on 25 acres in two phases at the GMR Aerospace Park, situated near Rajiv Gandhi International Airport.

PSU fuel retailers slash ATF prices by 7%

Aviation Turbine Fuel State-run fuel retailers on Saturday slashed jet fuel or ATF rates by a further 7 per cent.

The latest cut is the eleventh reduction in aviation turbine fuel (ATF) since September 2008, helping prices slide by about 61% since August last.

It should be noted that ATF prices peaked to Rs 71,028.26 per kilolitre in Delhi in August 2008 when international crude prices touched $147 a barrel. ATF makes up nearly
40% of airlines' operating costs.

Surat airport: AAI asks govt for 864 ha

Land is required for second runway, says AAI chairman

The Airports Authority of India (AAI) has sought an additional 864 hectare land from the state government for expansion of Surat airport. This was disclosed on Friday by VP Agrawal, the chairman of AAI, in Surat.

"We are committed to development of Surat airport as a world-class airport and have sought 864 hectare land from state government. This land will be required when a second runway is needed at the airport to cater to increased traffic and other future developments," Agrawal said.

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