Latest news with #AirportsAuthorityofIndiaAct
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Business Standard
6 days ago
- Business
- Business Standard
With ₹20,000 cr plan, Adani eyes global-style airport business hubs
Adani Airports is set to invest ₹20,000 crore ($2.4 billion) to develop commercial spaces around its airports, aiming to boost earnings from non-aeronautical sources, according to a report by The Economic Times. Nearly 70 per cent of this spend is focused on the Mumbai and Navi Mumbai airports. Why it matters The group wants to flip the traditional airport revenue model by 2030 — making non-aeronautical business like retail, hospitality, and real estate the primary source of income. This shift is designed to make the business more resilient to fluctuations in air traffic. City-side development plan • A major part of the investment is going into city-side developments — projects near airports that include hotels, offices, and a mall • Navi Mumbai International Airport will be the flagship, with a 240-acre project site By the numbers • $750 million: Raised in June via external commercial borrowings • ₹400 million: Portion of funds used to refinance existing debt • $30 billion: Planned borrowings across Adani Group to fund future investments Global inspirations The news report said that Adani's airport city model draws from international examples like: • Schiphol (Amsterdam) • Sydney Airport What's next for the business hub? • The first phase of Navi Mumbai's city-side project is expected to be completed by 2031 • Talks are ongoing with top five global hotel chains to manage the upcoming properties • An IPO for Adani Airports is on the cards by 2027 as part of a broader $100 billion capex strategy Development around the existing Mumbai airport is limited due to restrictions under the Airports Authority of India Act, making Navi Mumbai a more flexible and scalable site under a fresh concession model.
Time of India
26-06-2025
- Business
- Time of India
Multiplex moves HC against closure order of Aerohub
Chennai: PVR Inox has moved Madras high court challenging the proposed closure of its multiplex at Aerohub located in Chennai airport. Admitting the plea on Thursday, Justice V Anand Venkatesh ordered the maintenance of the status quo until July 8. Aggrieved by an order issued by the Airports Authority of India (AAI) dated June 20, refusing permission to operate the multiplex at Aerohub, PVR approached the court. When the plea came up for hearing, senior advocate P S Raman, representing PVR, submitted that the petitioner was a sub-licensee of Meenambakkam Realty Pvt Ltd, with which AAI entered into a development contract for the construction of Aerohub. While AAI prematurely terminated the development contract with Meenambakkam Realty, it did not order the closure of any of the commercial establishments run by sub-licensees. However, it insisted upon the closure of the multiplex alone on the ground that a cinema hall was not permissible under the Airports Authority of India Act, Raman said. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai Pointing out that PVR invested 20 crore in the multiplex, he submitted that AAI could not project the operation of a cinema hall in the airport as an illegal activity and that it is bound by the doctrine of promissory estoppel since the construction of the cinema hall was done with the full consent of AAI, which approved the building plan. Raman added that the AAI Act does not contain any express prohibition on the operation of cinema halls at the airports, as it states that the functions of AAI would include the establishment and maintenance of hotels, restaurants, or restrooms either at airports or near the airports. Representing the AAI, additional solicitor-general A R L Sundaresan submitted that AAI did not sign any direct contract with PVR.
Time of India
26-04-2025
- Time of India
Noida airport a ‘red zone', no drones or UAVs around it
Noida: Noida International Airport in Jewar has been declared a 'red zone', which means flying drones or any unmanned aerial vehicle (UAV) above it or in its vicinity is prohibited. This follows instructions from the civil aviation ministry. Noida airport is expected to start phase 1 of operations this May. Additional DCP Manish Kumar Mishra said, "The airport was declared a 'red zone' on Oct 8, 2022, according to the instructions of the ministry of civil aviation, directorate general of civil aviation and security agencies. There is a complete ban on flying drones or any type of UAVs above and in the vicinity of the airport. This ban has been implemented keeping in mind the security of the airport and monitoring of the airspace." You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida Mishra further said, "Flying a drone without permission in this area is a punishable offence under the Airports Authority of India Act, 1934, and the rules for UAV operation. Legal action will be taken against any person, institution, or group found violating this instruction. All citizens are requested to follow this rule and cooperate with the security system of the airport."
Time of India
26-04-2025
- Time of India
Flying drones, UAV around Jewar airport punishable offence: Police
Gautam Budh Nagar Police have prohibited the operation of drones and unmanned aerial vehicles near Noida International Airport in Jewar, citing security concerns and airspace monitoring. Declared a Red Zone on October 8, 2024, by aviation authorities, unauthorized drone flights will face legal consequences under the Airports Authority of India Act, 1934, and UAV operation rules. Tired of too many ads? Remove Ads Gautam Budh Nagar Police on Saturday issued an advisory stating that flying drones and unmanned aerial vehicles around the Noida International Airport in Jewar was a punishable offence. The ban was implemented keeping in mind the airport's security and monitoring of the airspace, it Kumar Mishra, Additional Deputy Commissioner of Police, Jewar Airport , said, "There is a complete ban on flying drones or any type of Unmanned Aerial Vehicle ( UAV ) above and in the vicinity of Noida International Airport. This ban has been implemented keeping in mind the security of the airport and monitoring of the airspace."As per instructions of the Ministry of Civil Aviation, the Directorate General of Civil Aviation and security agencies, the Noida International Airport was declared a Red Zone (no drone fly zone) on October 8, 2024, he said."Flying a drone without permission in this area is a punishable offence under the Airports Authority of India Act, 1934 and the rules for UAV operation," Mishra said."Legal action will be taken against any person, institution or group found violating this instruction. All citizens are requested to follow this rule and cooperate with the security system of the airport," he added.
