Latest news with #MIAL
Time of India
2 days ago
- Business
- Time of India
'Bringing parity': Adani pushes for one calculated tariff at Mumbai, Navi Mumbai airports
This is a representative AI image NEW DELHI: Adani Airport Holdings Ltd (AAHL) has requested the government to treat Mumbai and Navi Mumbai airports as a single unit for calculating tariffs for passengers and airlines, according to documents reviewed by The Economic Times. Should the government approve this proposal, it would establish uniform charges across both airports, potentially increasing traffic flow at Navi Mumbai. This outcome is particularly significant for AAHL, considering their Rs 16,700 crore investment in the facility's construction. Despite AAHL's ownership of both airports, Navi Mumbai is set to have notably higher passenger fees, landing and parking charges. This disparity could discourage airlines from transitioning to the new airport, which is scheduled to commence commercial operations in July. The organisation references a 2021 amendment to the AERA Act that permits airport grouping and unified designation. This legislation was initially implemented to facilitate privatisation of smaller, unprofitable airports by combining them with larger, regional counterparts to enhance investor appeal. 'Since there has been a large capital invested in Navi Mumbai, which is a green field airport, naturally tariff at the airport will be significantly higher than Mumbai, which is an established airport where capex is low and there are depreciating assets,' a source familiar with the matter told ET. 'If both the airports' tariffs are calculated as one unit, the charges at both airports will be average of the two, bringing parity,' the source added. The airport is set to launch commercial operations in late 2025, with IndiGo becoming the first airline to begin flights. The airline will start with 18 daily departures to over 15 cities, scaling up to 79 daily departures—including 14 international flights—by November 2025, and further doubling to 140 daily departures by November 2026. The opening comes as Mumbai International Airport Ltd (MIAL) plans to begin the revamp of Terminal 1 in October, prompting the relocation of around 15 million passengers to Terminal 2 and Navi Mumbai airport. Sources say one reason Adani Airport Holdings Ltd (AAHL) is encouraging more airline operations at Navi Mumbai is due to the difference in revenue sharing agreements. MIAL pays 38.7% of its revenue to the Airports Authority of India (AAI), while Navi Mumbai International Airport Ltd (NMIAL) only pays 12.6% to Maharashtra's CIDCO. The greenfield Navi Mumbai airport, spanning 1,160 hectares, will initially handle 20 million passengers and 0.5 million tonnes of cargo annually, with a long-term capacity of up to 90 million passengers and 3.2 million tonnes of cargo. It will feature two parallel runways capable of simultaneous takeoffs and landings, including a 3,700-meter runway for large aircraft. The airport's launch is expected to ease congestion at Mumbai Airport and improve the overall passenger experience, creating a dual-airport system for India's financial capital. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
5 days ago
- Business
- Time of India
Chennai Airport terminates agreement with Celebi's Indian subsidiary
The Chennai Airport on Tuesday terminated its agreement with Indian subsidiary of Turkish aviation firm Celebi, reported Reuters. The decision comes after the Centre had revoked security clearance of the firm. The clearance is a prerequisite under Indian law for companies providing critical services at airports, including passenger and baggage handling. The government's decision follows reports that the Pakistani army had used Turkish drones against India in the recent conflict. Nonetheless, Turkey has also expressed its support to Pakistan in 'good and bad' times after India's Operation Sindoor targeted terrorist infrastructure in the neighbouring nation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dukung Orang Terkasih Menghadapi Limfoma: Mulai Di Sini Limfoma Klik Di Sini Undo Celebi vs MIAL The decision comes after the Bombay High Court on Monday directed Mumbai International Airport Limited (MIAL) to hold off on awarding new contracts for ground and bridge handling services at the city's international airport. The local subsidiary of a Turkish firm has approached the court under Section 9 of the Arbitration & Conciliation Act after the Adani Group-owned airport operating company decided to appoint IndoThai as the interim ground handling provider at CSMIA (Chatrapati Shivaji Maharaj International Airport) for the next three months. Live Events Currently, Turkish handling service provider Celebi has filed two separate suits in the Bombay High Court. In another case, the company has filed a writ petition where it has made the Director General of Civil Aviation, the Bureau of Civil Aviation Security and the Airport Authority of India respondents. Also, the company has filed a separate petition against the central government in the Delhi High Court. Celebi Aviation has been operating in India for over a decade, providing ground handling services at several airports including Delhi, Mumbai, Bengaluru, and Hyderabad. Several reports suggest that the company handles around 70% of the ground operations at Mumbai airport, including passenger services, load control, flight operations, cargo and postal services, warehouses and bridge operations.
Hindustan Times
5 days ago
- Business
- Hindustan Times
HC halts Mumbai airport from hiring Celebi's replacement
MUMBAI: The Bombay high court on Monday granted interim relief to the Indian subsidiary of the Turkish ground-handling firm Celebi Aviation Holding by issuing directions to the Mumbai International Airport Limited (MIAL) to not take any decision in extending tenders to appoint a new company in its place. The temporary relief is to remain till the challenge against its security clearance revocation is heard before a regular bench after the vacation. The firm on May 22 had filed three petitions in the court, challenging the Indian government's revocation of its security clearance which resulted in the termination of its agreement at Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA). The petition urged the court to issue directions to restrain the airport authorities from appointing a new company in its place. The petition was filed days after the Adani Group-led MIAL, which operates CSMIA, terminated its agreement with Celebi and appointed the Kolkata-based firm Indo Thai Airport Services on a temporary basis for three months until it finalises a long-term partner. CSMIA was among several airports across the country that terminated their agreements with Celebi earlier this month. This was after the Bureau of Civil Aviation Security (BCAS), India's top aviation security regulator, revoked the Turkish firm's security clearance, effectively barring it from continuing its operations in Indian airports. The decision, according to BCAS, was taken in view of 'national interests'. While the official reasons were not detailed, the move follows heightened diplomatic tensions. Turkey recently backed Pakistan and condemned India's counter-terrorism strikes in Pakistan and Pakistan-Occupied Kashmir following the Pahalgam terror attack in April. In response to the revocation, Celebi's Indian subsidiary issued a statement distancing itself from political or national affiliations. 'We are not a Turkish organisation by any standard and adhere fully to globally accepted practices of corporate governance, transparency and neutrality, with no political affiliations or links to any foreign government or individuals,' the company said. Celebi filed three separate lawsuits, two of which challenged MIAL's revocation of its contract on the grounds of security clearance. The third plea is filed against BCAS, which states that the agency's decision was procedurally erroneous. On May 16, Celebi had filed a similar petition in the Delhi high court, even as aviation officials said that airport operations nationwide continued without disruption as alternative arrangements were implemented. In its plea, the company said that BCAS's decision to revoke its clearance by merely citing national security, without specific justification, was 'vague' and 'unsustainable in law'. Celebi Aviation has had a significant presence in India's aviation sector. Since entering the Indian market via Mumbai Airport, the company has expanded to nine airports across the country. These include major hubs such as Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Cochin, Kannur, Goa, and Ahmedabad. The firm's Indian operations cover a wide range of services, including passenger assistance, flight operations, cargo handling, warehouse management and bridge operation services.
Time of India
5 days ago
- Business
- Time of India
Don't finalise bids to replace Turkiye co's Indian arm: HC
Mumbai: Bombay HC's vacation bench on Monday restrained Mumbai International Airport Ltd (MIAL) from making a final decision on bids invited on May 17 to replace a Turkiye-based company's Indian arm for ground and bridge handling services. The decision will remain in effect till a regular bench, after reopening, hears the challenge raised by the entity to its security clearance revocation. On May 15, Bureau of Civil Aviation Security, citing national security concerns, revoked the security clearance granted to Celebi Airport Services. The action followed Turkiye's support of Pakistan during the recent hostilities. Celebi Airport Services India and Celebi Delhi Cargo Terminal Management India then petitioned Delhi HC against the revocation and the cancellation of contracts by the Delhi airport operator. Delhi HC reserved the matter for orders. Last week, Celebi NAS Airport Services India Pvt Ltd approached Bombay HC against the revocation of its security clearance. On Monday, Justice Somasekhar Sundaresan heard Celebi's senior counsel Chetan Kapadia, who asked that the bids not be finalised as it would cause his clients irreversible harm. Kapadia said the firm had two agreements for bridge and ground handling services with MIAL in 2015 and 2018, each for 30 years, with a condition for renewing them for another 30 years. He said the sudden and immediate revocation of clearance and the subsequent termination of services by the Mumbai airport operator placed Celebi in a position where it could not even approach the court for a remedy. Ordinarily, it would have been eligible for a 30-day notice, he said. Senior counsel Vikram Nankani for MIAL said there is a special clause in the contract that allows it to act on orders of the Indian govt in national security interests without giving notice. He said as a pro tem measure, Indo Thai Airport Services was asked to handle the services with Celebi's staff and equipment. Kapadia said Celebi has 2,088 staffers trained over 10 years and it has invested crores for the long-term agreements. He said there must be a mechanism to ensure an inventory of its staff and equipment being used. HC said Indo Thai must hand over a report of all its operational and financial data to MIAL, which will give it to Celebi.
Time of India
5 days ago
- Business
- Time of India
Bombay HC halts MIAL tender move on Celebi's plea
MUMBAI: Bombay HC's vacation bench on Monday restrained Mumbai International Airport Ltd (MIAL) from making a final decision on bids invited on May 17 to replace a Turkiye-based company's Indian arm for ground and bridge handling services, reports Swati Deshpande. The decision will remain in effect till a regular bench, after reopening, hears the challenge raised by the entity to its security clearance revocation. On May 15, BCAS, citing security concerns, had revoked the clearance granted to Celebi Airport Services. Celebi Airport Services India and Celebi Delhi Cargo Terminal Management India then petitioned Delhi HC. Last week, Celebi NAS Airport Services India Pvt Ltd approached Bombay HC against the revocation.
