Flying to Mumbai next week? Expect delays (India)

Flying to Mumbai next week? Expect delays (India)

Report from Times of India, 

 

MUMBAI: Flyers at Mumbai airport may have to face flight delays for the next four months. The main runway (09-27) at the airport will be shut for flight operations from January 20.

Though flights will be operated on the secondary runway (14-32), airport officials said delays of 30-40 minutes are likely as the secondary runway cannot accommodate as many flights at the main runway.

Image Credit: http://www.mumbailocal.net

Though the closure may cause inconveniences to flyers for a while, it will help flight operations in the long run. Mumbai International Airport Pvt Ltd (MIAL) will construct a rapid exit taxiway (RET) so that flights can vacate the runway quickly.

MIAL officials said the main runway will be shut for operations from January 20 till June 1, from 9am to 5pm every day. A MIAL spokesperson said the RET work will be complete by June 1. MIAL has recently constructed two RETs on the secondary runway as well. 

 

source: Times of India

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Kingfisher to get $ 47 million loan from Sahara (India)

Kingfisher to get $ 47 million loan from Sahara (India)

 According to IBN Live report, the Sahara group will give a loan of more than 2.5 billion rupees to cash-strapped Kingfisher Airlines, to help the carrier continue operations, the media reported on Saturday, citing sources.

Kingfisher, India's third largest airline by market share, has been struggling to raise funds to continue operations and repay debt.

The carrier, majority-owned by Vijay Mallya controlled UB group, has a debt of about 65 billion rupees and its creditors have asked the airline to raise at least $ 160 million in equity.

Image Credit: worldscrews.blogspot.com

"We neither confirm nor deny speculation," Ravi Nedungadi, group chief financial officer and president of UB Group, was quoted as saying in the report.

Early this year, the Sahara group invested $ 100 million in Force India for a 42.5 per cent stake and now co-owns the Formula One motor racing team with Kingfisher Airlines Chairman Vijay Mallya.

Spokesmen for both Kingfisher Airlines and Sahara group declined to comment on the report when contacted.
 

source: IBN Live

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