27 Jun 2017

Rs 6,000 crore needed to buy land for Jewar airport

The Jewar international airport project, which recently received the aviation ministry’s approval, has many more hurdles to clear before it becomes a reality. According to sources, to kick off Phase I, the Yamuna Expressway Industrial Development Authority (YEIDA) needs to buy land in as many as nine villages and would

26 Jun 2017

India clears plan for second airport for Delhi costing $3.10 billion

India will build a second international airport near its capital city in the next four to five years, costing an estimated 200 billion rupees ($3.10 billion), the government announced on Saturday, to meet the explosive growth in passenger traffic. The Noida International Airport near New Delhi will be built from

21 Jun 2017

Airbnb just paid its taxes and here’s how much Miami-Dade made

After a contentious debate that ended with Miami-Dade County agreeing to collect the countywide bed tax from Airbnb, the popular — but controversial — short-term rental platform is paying up. After a month collecting the 6 percent resort tax in May, Airbnb announced Tuesday that the site remitted $522,000 to

TF16445 Spirit Finishing
21 Jun 2017

Spirit AeroSystems joins NASA Advanced Composites Consortium

Spirit AeroSystems announced today it has accepted an invitation to join NASA’s Advanced Composites Consortium (ACC) as a Tier-1 member. The ACC is a public-private partnership focused on progressing knowledge about composite materials and improving the performance of future aircraft. The consortium is managed by the National Institute of Aerospace.

12 Jun 2017

GMR Megawide submits P208-Billion offer to build MCIA runway

The GMR Megawide consortium, operators of Mactan-Cebu International Airport (MCIA), has submitted an unsolicited P208-billion proposal to develop the airport over 50 years, including building a second runway. The second runway, part of its masterplan, will transform MCIA into the only Philippine airport with two independent parallel runways capable of

06 Jun 2017

Public/private partnership could bring Dallas route to Monterey Regional Airport

Airport personnel finalize boarding of an American Eagle flight departing for Phoenix from Monterey Regional Aiport on Monday afternoon. A public/private partnership applying for a grant could open up service to Dallas/Fort Worth next year. A public/private partnership between the Monterey Regional Airport and a community air service development committee

06 Jun 2017

Istanbul a potential base for China’s trade operations, airline services to Europe

Istanbul, the city of glorious civilizations and empires, is now eyeing the title of “the capital of global transport hubs,” as it carries out the construction of a new airport, the biggest infrastructure project ever undertaken by the Turkish Republic. With an estimated investment of 40 billion euros, this “may

05 Jun 2017

GMR Infra says funding for Goa airport wrapped up; likely to refinance Hydrabad debt via bonds

GMR Infra has sewn up the funding needed for the construction of a new airport at Mopa in Goa and will announce it soon, according to Madhu Terdal, the CFO of the airport-to-power conglomerate. GMR Infrastructure has sewn up the funding needed for the construction of a new airport at

25 May 2017

DARPA selects Boeing for spaceplane project

The Defense Advanced Research Projects Agency announced May 24 that it has picked Boeing to develop an experimental reusable first stage with the promise of lowering launch costs for medium-sized payloads. Boeing will develop its “Phantom Express” vehicle for phases 2 and 3 of DARPA’s Experimental Spaceplane 1 (XS-1) program,

23 May 2017

Department of Transport scraps PPP mode for 5 regional airports project

The Department of Transportation (DOTr) has decided to terminate the five regional airports project as a public-private partnership (PPP) venture, the PPP Center said Tuesday. “We received confirmation that the procurement of the much-anticipated Regional Airport PPP Projects – development, operations and maintenance of New Bohol (Panglao), Davao, Iloilo, Laguindingan