'India to become 3rd largest aviation market in world by 2020'
Bangalore: India is expected to become the third largest aviation market by in the world by 2020 after the US and China, Civil Aviation Secretary K N Shrivastava said here today.
"India is among the fastest growing and currently the ninth largest civil aviation market in the world," he said, speaking at an event here to rename Bengaluru International airport as Kempegowda international airport.
Shrivastava said the country's aviation market is expected to see a major upsurge in traffic in the next 10 years, with 337 million domestic and 84 million international passengers.
At present, the Indian aviation market is witnessing 117 million domestic and 43 million international passengers, he added.
14/12/13 Financial Express
"India is among the fastest growing and currently the ninth largest civil aviation market in the world," he said, speaking at an event here to rename Bengaluru International airport as Kempegowda international airport.
Shrivastava said the country's aviation market is expected to see a major upsurge in traffic in the next 10 years, with 337 million domestic and 84 million international passengers.
At present, the Indian aviation market is witnessing 117 million domestic and 43 million international passengers, he added.
14/12/13 Financial Express
DGCA confident of avoiding downgrade by US regulator
New Delhi: The Directorate General of Civil Aviation (DGCA) is confident of avoiding a downgrade after the US Federal Aviation Administration completed its audit and most of the 33 issues raised by it in September were found to have been addressed by the Indian aviation regulator.
"There are around 5-6 points which will take some time to get addressed and that has been informed to the FAA," said a senior DGCA official. "Overall, they were very satisfied with the work that has been done and there shouldn't be a downgrade based on the progress since September, but the final decision will be taken in Washington."
The DGCA will find out whether it has done enough to avoid a downgrade after a month when the FAA compiles its report.
14/12/13 Economic Times
"There are around 5-6 points which will take some time to get addressed and that has been informed to the FAA," said a senior DGCA official. "Overall, they were very satisfied with the work that has been done and there shouldn't be a downgrade based on the progress since September, but the final decision will be taken in Washington."
The DGCA will find out whether it has done enough to avoid a downgrade after a month when the FAA compiles its report.
14/12/13 Economic Times
I-T dept stakes claim to Kingfisher assets
Bangalore: The Income Tax Department has said a consortium of banks cannot stake any claim to the assets of Kingfisher Airlines until the department’s dues of over Rs 350 crore are settled.
Early this week, the Karnataka High Court had dismissed a plea by the promoters of the airline to restrain the consortium from getting hold of its building in Mumbai.
“It is a settled proposition of law that the amount due to the Government under any statue and, in this case, under the provisions of Income-Tax Act, 1961, will have priority over other debts and as such the dues of Income-tax Department will have to be settled first before the lender consortium of banks can stake any claim to the property,” the IT department said in a statement.
It further said the airline had deducted tax at source from employees’ salaries and other payments for many years but had failed to remit them to the government account.
The company owes the Department over Rs.350 crore of tax dues, it added.
In this connection, the Department has attached all the assets of the company and is in the process of recovering its dues by sale and attachment of assets and properties of the airline.
14/12/13 Business Line
Early this week, the Karnataka High Court had dismissed a plea by the promoters of the airline to restrain the consortium from getting hold of its building in Mumbai.
“It is a settled proposition of law that the amount due to the Government under any statue and, in this case, under the provisions of Income-Tax Act, 1961, will have priority over other debts and as such the dues of Income-tax Department will have to be settled first before the lender consortium of banks can stake any claim to the property,” the IT department said in a statement.
It further said the airline had deducted tax at source from employees’ salaries and other payments for many years but had failed to remit them to the government account.
The company owes the Department over Rs.350 crore of tax dues, it added.
In this connection, the Department has attached all the assets of the company and is in the process of recovering its dues by sale and attachment of assets and properties of the airline.
14/12/13 Business Line
GVK plans Bangalore airport city
Bangalore: GVK Group, promoter of Bangalore International Airport Ltd (BIAL), is planning to develop real estate around the airport.
The idea is to develop an ‘airport city’ with work places, homes and social infrastructure for travelling passengers.
Speaking to reporters here on Saturday, BIAL Managing Director G.V. Sanjay Reddy said: “We have not identified the areas for realty development. First we need to develop a plan for BIAL and then go to the Government for approval.”
BIAL is also planning a second round of expansion to handle the full capacity of 55 million passengers.
“Today, Terminal 1 can handle up to 20 million passengers per year,” said Reddy.
14/12/13 Business Line
The idea is to develop an ‘airport city’ with work places, homes and social infrastructure for travelling passengers.
Speaking to reporters here on Saturday, BIAL Managing Director G.V. Sanjay Reddy said: “We have not identified the areas for realty development. First we need to develop a plan for BIAL and then go to the Government for approval.”
BIAL is also planning a second round of expansion to handle the full capacity of 55 million passengers.
“Today, Terminal 1 can handle up to 20 million passengers per year,” said Reddy.
14/12/13 Business Line
Bangalore Airport to handle 2 crore passengers, earn Rs 23,000 crore yearly
Bangalore: The new terminal - Terminal 1A -- at the Bengaluru International Airport (BIA) is expected to handle upto 2 crore passengers a year from the present 1.14 crore.
Besides throwing open T1A on Saturday by chief minister Siddaramaiah, the BIA will be renamed as Nadaprabhu Kempegowda International Airport (NKIA) after the founding father of Bangalore.
With the expansion, the airport will be able to earn huge revenues from the passengers. Infrastructure development minister SR Patil told reporters on Friday that the survey conducted by the National Council of Applied Economic Research has estimated that the average income to the state from every passenger is about Rs 11,500. "Taking this as a base, the state is expected to earn Rs 23,000 crore a year from 2 crore passengers," he said.
With the commissioning of the additional terminal, BIA is poised to overtake Chennai International Airport as the third largest Airport in the country, while Delhi and Mumbai international airports are ranked first and second respectively. After the expansion, BIA would be in the third place as far as passenger handling is concerned, he said.
13/12/13 Anil Kumar M/Times of India
Besides throwing open T1A on Saturday by chief minister Siddaramaiah, the BIA will be renamed as Nadaprabhu Kempegowda International Airport (NKIA) after the founding father of Bangalore.
With the expansion, the airport will be able to earn huge revenues from the passengers. Infrastructure development minister SR Patil told reporters on Friday that the survey conducted by the National Council of Applied Economic Research has estimated that the average income to the state from every passenger is about Rs 11,500. "Taking this as a base, the state is expected to earn Rs 23,000 crore a year from 2 crore passengers," he said.
With the commissioning of the additional terminal, BIA is poised to overtake Chennai International Airport as the third largest Airport in the country, while Delhi and Mumbai international airports are ranked first and second respectively. After the expansion, BIA would be in the third place as far as passenger handling is concerned, he said.
13/12/13 Anil Kumar M/Times of India
US Airways Contributes A Record $10 Million To Philanthropy In 2013
Employees Raise More than $1.55 Million for United Way, Donate More Than 28,000 Volunteer Hours as Part of Airline's Corporate Giving Initiatives
TEMPE, Ariz., Dec. 12, 2013 /PRNewswire/ -- US Airways, a unit of American Airlines Group (AAL), announced today that its philanthropic contributions in 2013 reached a record $10 million. The airline supports nonprofit organizations in its hub cities of Charlotte, N.C., Philadelphia, Phoenix and Washington, D.C. through three channels of giving: the annual Corporate Giving program, the US Airways Education Foundation and the US Airways Community Foundation, in addition to volunteerism. Additionally, US Airways employees support their local communities through its annual "Hope Takes Flight" campaign benefitting United Way.
"Giving back and supporting our local communities is incredibly important to us at US Airways and it's something we'll continue to do as American Airlines. Our United Way campaign is just one example of how employees join together in the true spirit of giving to help those in need in the communities we serve," said American Airlines CEO Doug Parker.
United Way
The largest contribution on behalf of the airline and its employees is the annual "Hope Takes Flight" campaign benefitting the United Way. The 39,000 employees of US Airways and its wholly owned subsidiaries, Piedmont and PSA Airlines, surpassed last year's record by $100,000, raising $1.55 million. In addition to financial contributions, the "Hope Takes Flight" campaign takes various forms. US Airways employees coordinated and participated in a variety of fundraising events, including the airline's popular Jet Pulls in Charlotte, Phoenix and Philadelphia in which teams of employees raise money and race to pull a parked aircraft 15 feet. A record 111 teams pulled this year making these the most popular Jet Pulls to date. The winning team of employees in Charlotte pulled a 50-ton Airbus A319 the required 15 feet in 3.708 seconds.
Corporate Giving
The US Airways Corporate Giving Program invests in IRS 501(c)(3) nonprofit organizations whose missions support arts, human services and education organizations that enhance the quality of life in the airline's hub and focus cities. Including the "Hope Takes Flight campaign," in 2013, US Airways' Corporate Giving totaled more than $8.6 million.
This was the second year of the US Airways BE PINK campaign, a partnership with American Cancer Society Making Strides Against Breast Cancer (MSABC). Sales of BE PINK merchandise, uniform items that were worn during the month of October, MSABC walks in the airline's hub cities and, for the first time, onboard donations from passengers raised $95,000 for MSABC.
Through the US Airways Miles of Hope program, US Airways customers may donate their Dividend Miles to five national nonprofit organizations: the American Red Cross, Fisher House Foundation, Keep America Beautiful, Make-A-Wish Foundation and Mercy Medical Airlift. In 2013, US Airways provided $1.75 million in in-kind contributions, which includes an annual matching campaign by the airline.
US Airways Education Foundation
The US Airways Education Foundation awarded $725,000 in scholarships and grants in 2013. In total the Education Foundation awarded 130 scholarships to children of US Airways employees and awarded $270,000 in grants to nonprofit organizations with children's educational programs in its hub cities Funding sources include contributions from US Airways employees, fundraising events and private donations.
US Airways Community Foundation
The US Airways Community Foundation provides grants to nonprofit organizations to support capital projects and building campaigns. In 2013, the Community Foundation will award a total of $567,000 in grants to approximately 16 nonprofit organizations. Those grants will be distributed before the end of the year.
Volunteerism
The airline facilitates several volunteer programs which include: Do Crew, Puppies in Flight, Flights for 50 and Destination Do Crew. This year employees donated 28,000 hours of their time which is valued at $620,000.
The US Airways Do Crew is a dedicated corps of employee and retiree volunteers that participate in community-based projects in the airline's hub cities. More than 175,000 hours have been volunteered through the Do Crew to the communities US Airways serves since its inception in 1997. Puppies in Flight is a volunteer program in partnership with Assistance Dogs International. Through this program employees use their flight benefits to transport service dogs to be paired with their handler or to an individual who will raise the dog to be a service animal. Flights for 50 recognizes employees who individually demonstrate their dedication by volunteering at least 50 hours per calendar year for a nonprofit organization, which is then eligible to receive a $500 US Airways gift card.
More information regarding the all of the airline's charitable programs can be found atwww.usairways.com/corporategiving.
About American Airlines Group
American Airlines Group (AAL) is the holding company for American Airlines and US Airways. Together with American Eagle and US Airways Express, the airlines operate an average of nearly 6,700 flights per day to 339 destinations in 54 countries from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. American's AAdvantage and US Airways Dividend Miles programs allow members to earn and redeem miles for travel and everyday purchases as well as flight upgrades, vacation packages, car rentals, hotel stays and other retail products. A founding member of the oneworld® alliance, American Airlines and its members and members-elect, serve 981 destinations with 14,244 daily flights to 151 countries. Connect with American on Twitter @AmericanAir or Facebook.com/AmericanAirlines and follow US Airways on Twitter @USAirways and on Facebook.com/USAirways.
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