Adani Group moves Bombay HC seeking to stop investment into GVK Airport Holdings

According to GVK’s counsel, a deposit of around Rs 1,254 crore was made into an escrow account on October 29. The Adani Group on Tuesday moved the Bombay High Court (HC) seeking to restrain the GVK Group from completing an investment transaction of GVK Airport Holdings, the holding company of Mumbai International Airport (MIAL), without first giving a notice on right-of-first-refusal (RoFR) to Bid Services Division (Mauritius), which holds 13.5% in the airport. The move follows GVK’s announcement last week that a subsidiary of National Infrastructure Investment Fund (NIIF), Abu…

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How Drones Caused Travel Chaos At London’s Gatwick Airport

Passengers at the South Terminal building at Gatwick Airport, after the airport reopened. (Reuters) London: Gatwick Airport in London reopened on Friday after a rogue drone saboteur wrought travel chaos for hundreds of thousands of Christmas travellers. The perpetrator, or perpetrators, have not yet been caught. Here are some details of the incident. What happened? Flights were halted at 2103 GMT on Wednesday after two drones were spotted near the airfield. The airstrip was reopened briefly on Thursday but had to be closed again after another sighting. By midday on Thursday,…

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Soon, travel from Chennai Central to airport in 45 minutes

The Chennai Metro Rail’s second line from Little Mount to Chennai airport and St. Thomas Mount station.   | Photo Credit: M. Vedhan Ticket fare likely to be increased when operations begin on stretches from Chennai Central and AG-DMS to the airport  In just a few months, commuters can travel from the Chennai Central and AG-DMS (Gemini) to the airport much quicker when services of the Metro Rail services are launched from the two locations. Commuters will be able to cover the distance of about 25 km from the Central station…

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