SpiceJet seeks one-time restructuring of debt
December 20, 2020
Low-cost carrier also approaches YES Bank for ₹500-crore working capital loan To tide over the pandemic-led disruptions, stressed low-cost airline SpiceJet has sought a one-time debt restructuring, apart from ₹500-crore in a working capital loan, from YES Bank. It has also submitted a revival plan and its financial documents to the private bank. Ajay Singh-led SpiceJet has submitted the restructuring proposal per the guidelines issued by the KV Kamath committee and announced by the RBI in September.
“In an emailed communication to YES Bank, SpiceJet proposed a one-time debt restructuring under RBI guidelines to stay afloat. It will also require ₹500 crore of working capital. Its top management has had a meeting with the Aviation Minister for consideration (of the requests),” said a source.
New terminal will meet growth requirements of region for more than 10 years: senior official
The new passenger terminal at Tiruchi airport is being built taking into account the growth potential and will take care of the requirements of the people of the region for more than a decade, said Sanjeev Jindal, Executive Director, Engineering, Southern Region, and CSR, Airports Authority of India (AAI). The terminal is being built at an estimated cost of ₹872 crore and is expected to be completed by December 2022. The Apron, sanctioned at a cost ₹63 crore, is scheduled for completion by March 2021, he said.
“We want to gift the most aesthetically designed terminal in the country to this holy place. Our objective is to build a terminal that captures the spirituality of the place and at the same time offers the best infrastructure. Its unique and iconic design will be a combination of heritage and modern architecture. It will be one of the best terminal internationally ,” Mr.Jind
Hubballi airport to house North Karnataka s first cargo terminal
Hubballi Domestic Airport is ready to house North Ka mate ka s first dedicated domestic air cargo terminal, that would be expected to start functioning from February 2021. The Airports Authority of India - Cargo Logistics &Allied Services Company Ltd, has given in-principle approval for conversion of the old passenger terminal into the cargo handling section.
Hubballi Airport Director Pramod Kumar Thakre has stated that the upcoming cargo terminal shall have secured storage space for both inbound and outbound cargo, a dedicated room for valuables and dangerous goods, along with provision for commercial space that can be utilised by airlines, major freight forwarders/logistics players like postal authorities and e-commerce players. The 700 square metre cargo terminal shall have annual cargo holding capacity 15,000 MT, he said.
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VADODARA: A youth living in Dabhoi was conned of Rs 1.8 lakh from a man who promised him job at Ahmedabad airport in August.
The complainant Nikhil Patel told police that a person who identified himself Atul Sharma called him on August 27 and told that he is an HR officer of Airports Authority of India (AAI) working in Delhi. Patel was told that AAI was looking for young men ready to work at Ahmedabad airport.
When Patel, who is trained as electrician from ITI, showed readiness, he was told to transfer Rs 1,500 as placement fee. After transferring the money on September 7, he was asked to pay money for uniform, mobile phone, transportation and food. Within next few days, Patel ended up paying Rs 1.8 lakh. However, he did not receive an appointment letter and whenever he asked Sharma, he kept making excuses. After dilly dallying for weeks, Sharma stopped answering Patel’s phone.
Delhi airport evokes force majeure, suspends revenue sharing with AAI: Report
Delhi International Airport (DIAL), which manages and operates the Indira Gandhi International Airport, took the decision in the wake of low traffic flow and revenue impacted by the coronavirus pandemic
BusinessToday.In | December 17, 2020 | Updated 15:52 IST
As per the agreement inked between Delhi International Airport Ltd (DIAL), and Airports Authority of India (AAI) in 2006, DIAL paid 45.99 per cent of its annual revenue as concession fee to AAI
Delhi airport has invoked the force majeure clause to temporarily cease its revenue-sharing accord with the Airports Authority of India (AAI).
Delhi International Airport (DIAL), which manages and operates the Indira Gandhi International Airport, took the decision in the wake of low traffic flow and revenue impacted by the coronavirus pandemic, according to a report by Business Standard.