SpiceJet pays ₹4.53-cr principal amount dues to AAI; seeks time to pay interest
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SpiceJet has made partial payments of dues towards the Airports Authority of India to avoid encashment of its bank guarantee. It has paid ₹4.31 crore as upfront cash, partial interest payment of ₹14 lakh, ₹20 crore TDS till December 2020.
The debt-strapped airline has also proposed to pay the rest TDS amount in two instalments before June 30 and requested waiver of interest dues.
According to a letter submitted by SpiceJet to AAI on April 1, the low-cost carrier said that it has paid ₹4.53 crore as on March 31, thus bringing the current outstanding principle amount of of ₹115.41 crore within 75 per cent of bank guarantees and 100 per cent of cash deposit towards total security cover of ₹153.63 crore complying with the settlement proposal.
NEW DELHI: Violating Covid will now cost Rs 1,000. The Mumbai International Airport Ltd (MIAL) on Saturday announced it will levy a “fine of Rs 1,000 on individuals who refuse to comply with Covid safety norms such as wearing face masks that covers the nose and mouth and maintaining social distancing amongst others at the airport.”
MIAL’s decision comes after Bengaluru Airport began levying a fine of Rs 250 on violators outside the terminal like in parking lot and Airports Authority of India saying it will also penalise Covid norm violators. MIAL said the move for Chhatrapati Shivaji Maharaj International Airport (CSMIA) comes on the basis of the “directive issued by the Directorate General of Civil Aviation (DGCA)… from April 01, 2021.”
The AAIEU wrote to the AAI chairman about the strike, drawing his attention to the concern of employees regarding uncertain future following the privatisation of airports
PATNA: Around 60 members of Joint Forum of Unions and Associations (JFUA) of the Airports Authority of India (AAI)-Patna joined the nationwide strike called by AAI Employees’ Union (AAIEU) on Wednesday in protest against the privatisation of six airports in the country.
The daily operations and flight movement at Patna airport, however, remained unaffected. The employees sat on dharna on rotational basis without affecting the daily flight operations.
JFUA-AAI, Patna convener Aklesh Kumar Singh said, “Privatization is never in the interest of the employees and the country. So, we have opposed it and will continue to do so till the government relents. At a time when the aviation sector is struggling, efforts should have been made to improve the situation through existing agencies rather than inviting private
Facility for face recognition planned
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NEC Corporation India bags contract for Varanasi, Vijayawada, Pune and Kolkata airports
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NEC Corporation India bags contract for Varanasi, Vijayawada, Pune and Kolkata airports
NEC Corporation India, a part of the Tokyo-based IT and electronics company, NEC Corporation, has bagged contracts from the Airports Authority of India (AAI) to deploy facial recognition-based passenger identification technology in four airports in the country, in Varanasi, Vijayawada, Pune and Kolkata.
Pradeep Kushwaha, head of public safety at NEC Corporation India, told
The Hindu, “We have won these projects from the Airport Authority of India. Varanasi airport will be ready for passenger trials of the technology this month, while work has begun in the other thee airports and they are expected to be ready for passenger trials in three months. In Varanasi, trials are already on with airport staff.”
DIAL completes NCDs of Rs 3,275 cr ANI | Updated: Apr 01, 2021 10:53 IST
New Delhi [India], April 1 (ANI): Delhi International Airport Ltd (DIAL) said on Thursday it recently completed the issuance of non-convertible debentures (NCDs) for Rs 3,257 crore.
The NCDs have been priced at interest rate of 10.96 per cent per annum and have been subscribed by Cliffton Ltd, a foreign portfolio investor registered under the Securities and Exchange Board of India (SEBI).
The proceeds from NCDs will be utilised to refinance the outstanding debt of 289 million dollars (about Rs 2,100 crore) due in FY22 and to partly finance the phase 3A expansion. This shows the confidence of investor in our ability to raise funds from international market and reflects our continued effort to create value for our investors, said Grandhi Kiran Kumar, Corporate Chairman of GMR Group.