News

AAI signed an MoU with Government of Himachal Pradesh for a Greenfield Airport at Nagchala, Himachal Pradesh

Airports Authority of India recently signed a Memorandum of Understanding (MoU) with the Government of Himachal Pradesh (GoHP)for the development of a Greenfield Airport at Nagchala near Mandi in Himachal Pradesh. The MoU was signed by H.S. Balhrara, Executive Director (Planning) from AAI and Shri Yunus, IAS, Director, Department of Tourism & Civil Aviation from GoHP at AAI`s Corporate Headquarters, Rajiv Gandhi Bhawan, New Delhi in the presence of Shri Arvind Singh, Chairman, AAI, Shri A K Pathak, Member (Planning), AAI, Shri Vineet Gulati, Member (ANS), AAI and senior officials of AAI.

Government of Himachal Pradesh had expressed their interest to Ministry of Civil Aviation, Government of India, for construction of a Greenfield Airport at Nagchala near Mandi. Initially, the airport will be suitable for operation of aircraft up to ATR 72.
The development of the Greenfield Airport with unidirectional runway will be implemented through a Joint Venture Company (“JVC”) wherein AAI will hold 51% equity and the remaining 49% equity will be held by the GoHP or its designated agency.
The JVC will undertake the functions of designing, developing, constructing and completion of the Airport (“Project”) including finance, for commercial civil aviation operation as well as undertake operation, maintenance, management of the Airport in accordance with the terms and conditions of the MOU.
AAI will soon incorporate a JVC under Companies Act, 2013 and will also execute a Joint Venture Agreement and Shareholders Agreement with GoHPand Communication, Navigation, Surveillance and Air Traffic Management (CNS / ATM) Agreement with JVC.

Related posts

Rishi Neoge appointed as new Group General Manager at The Sai Leela Group

Rishi Neoge has been appointed as Group General Manager at The Sai Leela Group. In this new role he will be responsible…

Cygnett Hotels and Resorts is set to expand with 4 new properties across North India

Cygnett Hotels and Resorts announced that they are further expanding the brand to include 4 new properties in North India

Thomas Abraham joins vibrant Hyatt Regency Pune as the new General Manager

Hyatt Regency Pune & Residences is pleased to announce the appointment of Thomas Abraham as General Manager, in addition to his role of…

Attractive Ramada by Wyndham Jaisalmer Barmer Road set to open in 2021

With the new signing of Ramada by Wyndham Jaisalmer Barmer Road, JAH Developers Private Ltd, the New Delhi based real estate company…

Shobhit Sawhney appointed new General Manager of the luxurious Park Hyatt Hyderabad

Shobhit Sawhney has been appointed the new General Manager of Park Hyatt Hyderabad

Dev Thakur appointed as the new Director F&B, Sayaji Hotel Indore

Dev Thakur has been appointed as the Director of Food & Beverage at Sayaji Hotel Indore. He comes with over 15+ years…

Ruth Dolla: Get your fix of Nature travel and freedom to roam the great outdoors

Ruth Dolla, Manager – India, Visit Sweden AB speaks with Today’s Traveller on how Visit Sweden satisfies the need for nature travel and its initiatives in…

Kerrie Hannaford: The hospitality industry will remain dynamic but will now be extra cautious, agile and innovative

Kerrie Hannaford, Vice President Commercial, India and South Asia speaks with Today’s Traveller on how thinking out of the box and exploring…

The Connaught - a new opening announced by IHCL

The Indian Hotels Company (IHCL), South Asia’s largest hospitality company, announced the opening of The Connaught, New Delhi. The Connaught presents a unique…

Morpho Hotels and Resorts to launch in India in November 2020

Morpho Hotels and Resorts, the home-grown hospitality brand is all set to launch in India, Middle East, Africa, Turkey,  Iraq and Levant…