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airport privatisation modi government will be sale 4 airports including delhi mumbai 13 others will also be privatized vwt | Airport privatisation : दिल्ली-मुंबई समेत देश के 4 हवाई अड्डों को बेचेगी मोदी सरकार, 13 अन्य का भी किया जाएगा निजीकरण

airport privatisation modi government will be sale 4 airports including delhi mumbai 13 others will also be privatized vwt | Airport privatisation : दिल्ली-मुंबई समेत देश के 4 हवाई अड्डों को बेचेगी मोदी सरकार, 13 अन्य का भी किया जाएगा निजीकरण
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DGCA monitoring 737 Max performance, re-certification to take time

The approval for Boeing 737 Max operations in India may take some more time as the regulator is closely monitoring the aircraft s performance. Accordingly, the Directorate General of Civil Aviation (DGCA) is closely watching the performance of the aircraft in foreign jurisdictions. Till March 9, 14 airlines globally have returned the aircraft into service. We are getting weekly updates on the performance of the aircraft, said Arun Kumar, Director General of DGCA. Eventhough, FAA and EASA have approved the return of the aircraft. We will conduct our own due diligence. The Boeing 737 Max aircraft was grounded worldwide in 2019 after two fatal crashes. In India, SpiceJet is the only operator of Boeing 737 Max aircraft. It has 13 such aircraft in its fleet.

AAI to offload residual stake in Bangalore and Hyderabad airports

The Airports Authority of India (AAI) has decided to sell the 13 per cent stake it holds in Kempegowda International Airport Bengaluru (Bangalore International Airport, or BIAL) and GMR Hyderabad International Airport (GHIAL) to raise funds. The authority will soon appoint a transaction advisor to conduct a valuation of AAI’s stake in the two airports in which Prem Watsa-owned Fairfax Group and Delhi-based GMR Infrastructure (GMR Infra) hold the largest stake. According to the shareholding agreement, the largest shareholders have the first right of refusal on the stake. Industry executives and analysts tracking the two firms said while Fairfax is a clear favourite to buy AAI’s stake, for GMR Infra which has a consolidated debt of over Rs 25,000 crore and is selling assets itself it may be challenging to buy the stake if the price is high.

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