AAI's incentives to boost intn'l flights at Bhopal

Bhopal: The Airports Authority of India (AAI) initiated a significant development for international air connectivity at Bhopal airport. AAI introduced a scheme of incentives to attract airline operators in Bhopal.
Tired of too many ads? go ad free now
Director of Bhopal airport, Ramji Awasthi, stated that the operations department of AAI wants to boost international flights at thirteen underused international airports, including Bhopal's Raja Bhoj airport. "These airports currently have no international connections. To make this happen, they've proposed an incentive program for airlines," said Awasthi. He added, "The goal is to encourage airlines to start flying international routes from these locations.
This will help these airports grow and better serve their communities."
Airport officials mentioned that three of the 13 airports are major ones, while the other ten are smaller, non-major airports. The incentive scheme aims to encourage scheduled airlines to start international routes. The major airports included in the scheme are Patna, Srinagar, and Ayodhya. Srinagar and Port Blair are civil enclaves, meaning they share space with defence airports.
The ten non-major airports are divided into three clusters. Cluster 1 includes Agartala, Imphal, Vadodara, and Bhopal. Cluster 2 has Rajkot, Gaya, Aurangabad, and Tirupati. Cluster 3 consists of Kushinagar and Port Blair.
The incentive scheme offers benefits to airlines for each flight they land. For example, airlines flying to Agartala, Imphal, Vadodara, and Bhopal (Cluster 1) can get a full refund on landing fees, meaning they pay nothing to land their planes.
Tired of too many ads? go ad free now
Let's look at a specific example. An Airbus A320-74 MT landing at one of these airports would normally pay Rs. 57,129 in landing fees. With the 100% incentive, the airline pays nothing, saving them Rs. 57,129 per landing. Airlines also collect a "User Development Fee" (UDF) from passengers. This fee is used to improve airport facilities. For an A-320 with 144 passengers, the UDF collected would be Rs 107,280. The incentive scheme offers airlines a percentage of this UDF as an additional benefit.
In Cluster 1, which includes Bhopal, the incentive is 10% of the UDF collected. This means airlines get an extra Rs 10,728, bringing the total UDF revenue to Rs 96,552. The total additional revenue for airlines in Cluster 1 is calculated from landing fee savings and UDF incentives. The 'Net Landing' revenue (savings on landing fees) for all four airports is Rs 474,426.4. The 'Net UDF' revenue (incentives on UDF) is Rs 75,580, giving a total additional revenue of Rs 548,476.
The incentive percentages vary across the clusters, meaning the financial benefits for airlines will differ depending on which airports they fly to. The operations department hopes these incentives will be enough to attract airlines. More international flights will boost local economies and connect people to the world. The scheme aims to encourage international air connectivity and boost local economic development through these financial incentives.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Time of India

17 minutes ago

• Time of India

Realty market rebounds after two-year slump: 13% monthly growth in registrations since Feb 2025, says Telangana IT minister; buyers warned of scams

HYDERABAD: After two years of sluggish growth, Hyderabad's real estate sector is experiencing a strong resurgence, said IT and Industries minister D Sridhar Babu at the Times Home Hunt Property Expo on Saturday. He stated that the market had recorded consistent 13% month-on-month growth in property registrations since February 2025. "The real estate sector registered a 15.4% growth in 2024-25, while the construction sector alone contributed 11.97%, adding nearly 80,000 crore to the state's economy," he said. He also noted that in February 2025, 5,900 property registrations were recorded, with 18% of the registered properties priced above Rs 1 crore. Year-on-year transactional growth stood at 6%. The Times Home Hunt Property Expo featured residential and commercial projects from 35 developers across Hyderabad, showcasing around 100 real estate projects focused on smart homes, gated communities, and wellness-oriented townships. 3,000 visitors on first day The two-day expo, which concludes on Sunday, recorded around 3,000 visitors on its opening day. Overall, the event is expected to attract nearly 5,000 footfalls across both days. Entry is free for all homebuyers at the Hitex Exhibition Center. The event is presented by Aparna Constructions, with powered sponsorship from Ramky Estates, My Home Group, and Candeur Constructions. It is held in association with Auro, SRIAS, R-One, and ASBL, while Union Bank of India serves as the official banking partner. Sridhar Babu cautioned homebuyers to remain vigilant due to a rise in property scams. He urged them to verify RERA, HMDA and other approvals, and to carry out background checks on developers before making investments. He recommended that buyers register properties only through the Build Now portal, an initiative by the state govt to streamline approvals and ensure accountability and transparency in the real estate process.

Economic Times

18 minutes ago

• Economic Times

Israel-Iran war, HDB Financial IPO among 9 factors that can move D-Street this week

Indian benchmark indices ended with weekly gains of 1.6% ending their three-sessions losing streak, thanks to the Friday surge. A host of important domestic and global events lined-up during the week are likely to impact stock markets when they resume trading on Monday. ADVERTISEMENT On Friday, Nifty jumped 319.15 points or 1.3% to end the day at 25,112.40. Commenting on the action, Devarsh Vakil - Head of Prime Research at HDFC Securities said that Nifty finally witnessed an excellent breakout by closing above 25,000 levels. While the short term trend remains positive, immediate resistance is now placed at 25,222 levels while the support has shifted upwards at 24,900 levels, Vakil said. Factors that are likely to impact movement when markets reopen this week:Israel's war on Iran has entered its second week with US striking Iranian nuclear sites and directly joining Israel 's war. The targeted locations reportedly include the highly fortified Fordow, Natanz, and Esfahan nuclear facilities. Meanwhile, Iran has vowed retaliation and the United States has begun evacuation flights from Israel. U.S. stocks ended lackluster on Friday notwithstanding better-than-expected Accenture revenue estimates for the third quarter. But the Israel-Iran conflict weighed on Wall Street as investors remained cautious over the developments regarding the Israel-Iran conflict. ADVERTISEMENT Indian markets will also take cues from Wall Street which ended with sharp gains on Friday. Dow 30 closed at 42,206.80, rising by 35.16 points or 0.08% while the S&P 500 finished 13.03 points or 0.22% lower at 5,967.84. Nasdaq Composite closed at 19,447.40, down 98.86 points or 0.51%. The anticipation for an action-packed week for the primary market is getting stronger with 13 IPOs on the anvil. They are expected to collectively raise nearly Rs 16,000 crore. In this, five mainboard IPOs will be launched with HDFC Bank's NBFC subsidiary HDB Financial Services IPO hitting the D-Street. In the SME segment eight companies will vie for investor attention and not to mention numerous listings. ADVERTISEMENT Read More: IPO Tsunami: HDB Financial Services, 12 others to raise up to Rs 16,000 crore next weekThe BSE Sensex is set for a reshuffle next week, with Tata Group's Trent and Bharat Electronics (BEL) entering the benchmark 30-share index, replacing Nestle India and IndusInd Bank. The changes, announced earlier, will take effect from Monday, June 23, while passive fund flows linked to the rejig are expected on June 20. ADVERTISEMENT IndusInd Bank, which has faced scrutiny over governance concerns in recent months, will also be excluded. The lender may see outflows of $145 million, equivalent to about 1.9 times its ADV. Plenty of corporate action is lined-up this week with record dates for dividends, stock splits, rights issue and bonus shares over the five-day trading week. Nearly four dozen companies will see the action unfold. ADVERTISEMENT Among the widely tracked stocks that will be in focus will be HDFC Bank, Vedanta, Hindustan Unilever (HUL), Polycab, Samvardhana Motherson International, Automobile Corporation of Goa, Bajaj Finserv, Bajaj Holdings & Investment and Cipla. Read Full Story: Corporate actions next week: Record dates for HDFC Bank, HUL, Vedanta dividend. Check bonus issue, stock split details Market actions will rely on how foreign institutional investors (FIIs) behave. On Friday, FIIs bought shares worth Rs 7,940.70 crore while the domestic institutional investors (DIIs) were net sellers at Rs 3,049.88 remaining net buyers in April and May, FIIs so far have been net sellers of Indian equities in June at Rs 4,192 crore. Also Read: FIIs buy stocks worth Rs 8,710 crore this week, narrow June sell-off to Rs 4,192 crore Nifty formed a sizable bull candle with a higher high and higher low signaling resumption of up move after recent corrective consolidation and the index in the process closed firmly above the 25,000 levels signalling strength, a note by Bajaj Broking said. It anticipates the index to retest the upper boundary of the recent five-week consolidation zone, currently pegged near the 25,200 mark. 'A decisive breakout above this resistance band could open the door for an upward extension towards the 25,500 zone in the near term. As long as the index sustains above the prior week's swing low of 24,700, the near-term bias is expected to remain constructive. Key short-term support is placed at 24,500–24,400 zone being the confluence of the 50-day EMA and the lower band of the last five weeks consolidation range,' the brokerage Indian rupee modestly strengthened Friday, its first advance in six days tracking inflows into domestic equities, to close at 86.58 per dollar. The rupee climbed 14 paise despite volatile oil prices and no immediate signs of a truce in the Israel-Iran strength in the rupee came after US President Donald Trump signalled to avoid any precipitate action on Iran. Rebalancing of the FTSE Russell index also led to some flows, traders said. The rupee traded between 86.54 and 86.67 to the dollar on oil prices remain critical for the stock markets as they have the potential to alter the inflation dynamics in a country. They have jumped nearly 10% over the past month and with the deepening crisis, the fears of price escalation are US WTI oil contracts ended at $74.04, up by $0.54 or 0.73% while Brent oil futures were hovering near $77.01, higher by $1.53 or 1.94%. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Hans India

26 minutes ago

• Hans India

Gold rates in Delhi stable today, check the rates on 22 June, 2025

The gold rates in Delhi stable on 22 June, 2025. Going by the rates today, the price of 10 grams of 22-carat gold is at Rs 92,400 while the rate of 10 grams of 24-carat gold is at Rs. 1,00,900. While the Silver rate is at Rs. 1,10,000 per kilogram. The gold rates in the international market have been fluctuating. Over the past few weeks gold rates have experienced a fall during the wedding season, fluctuating around Rs. 90,000 for 10 grams of 24-carat gold and approximately Rs. 100,000 for 10 grams of 22-carat gold. The gold prices mentioned here are due at 8 am, the prices could alter at every moment and hence the gold buyers need to track the live prices at a given time. The mentioned prices here are closing prices of yesterday while today's price would begin either with a decrease or increase.