HOME > BUSINESS > AVIATION > Kannur Airport: 95% of airside, 90% of cityside work completed

Kannur Airport: 95% of airside, 90% of cityside work completed

Kerala’s fourth international airport at Kannur is very close to completion, with 95% of the airside works and 90% of cityside work completed, the government said today.

Airside refers to the runway, bays, traffic control tower and so on, while city-side works refer to civilian construction components such as the parking area, approach roads and so on.

Construction of the airport is being handled by Larsen & Toubro, which won the project in late 2013. The first flight was supposed to take off by late 2015.

The airport will come up in an area of 2,000 acres about 25 km from Kannur, and will serve the Northern Kerala market, which is currently served by the Calicut airport.

The projected cost of the airport in 2013 was Rs 1,542 cr.

Unlike similar projects in other parts of India, the Kannur airport will not be operated by a private company.

Instead, a government-controlled undertaking, known as KIAL or Kannur International Airport Ltd, will own and operate the facility.

Initially, about 35% of the equity of the new company is expected to be held by the state government, 23% by the central government or public sector companies, and 26% by public sector companies in the airports sector.

The remaining 16% shares will be sold in the share market.

About 10%, or 4 mln, of Kerala’s 4 cr population is estimated to be working outside the state, with most of them in the Arabian Gulf region. The operationalization of the faciltity will make the state the only one in India to have four international airports.

Follow ULTRA.news
VENGARA Election Results: Left Front vote up 20%, Cong, BJP down The results of the bypoll held in Vengara assembly constituency in Kerala have confirmed the Congress-led UDF's worries about losing support in the southern state.The results also showed that the BJP suffered a decline in popularity in Kerala in the last 18 months or so....
L&T wins Rs 1,150 cr order from ONGC for Daman project Construction major Larsen & Toubro said it won a ₹ 1150 crore contract from Oil & Natural Gas Corporation (ONGC) for the transportation & installation of the oil company's Daman Development Project.The Contract, won against international competitive bidding, encompasses tota...
BJP places gruesome banners of Kerala killings in New Delhi https://www.facebook.com/photo.php?fbid=1669117573148867&set=pcb.1336920326413229&type=3&theater&ifg=1   In an attempt to drum up public support for its fight with the Left Front in Kerala, the BJP's Delhi unit has in the heart of the national capital place...
Reliance Infrastructure responds to downgrade by India Ratings Reliance Infrastructure said it disagreed with the decision by India Ratings, a unit of Fitch, to downgrade its debt over delays in equity infusion and monetization of assets."The Company respectfully disagrees with the views of India Ratings," it said today."The Company...
InterGlobe Aviation to raise Rs 2,530 cr by selling shares to institutions InterGlobe Aviation, the company that operates the country's largest airline Indigo said the company would raise Rs 2,530 cr by issuing fresh shares.At the same time, existing shareholders of the company would raise Rs 1,265 cr by selling some of their shares as well, the co...
L&T Technology Services to co-develop solutions with Intel unit L&T Technology Services, the engineering services arm of the construction conglomerate, will co-develop industrial solutions with Intel subsidiary Wind River, which works in the emerging domain of Internet of Things.Under the partnership L&T Technology Services will "validat...
CPIM activists attacked for arranging Hindu-Muslim marriage in Kerala Injured CPIM worker DileeshTensions are on the rise between the ruling CPI-M and the Social Democratic Party of India in Ambalapuzha in Kerala after Left activists were attacked, allegedly for arranging the wedding of a Muslim boy and a Hindu girl.The SDPI is second only...
Police arrest biggest group of illegal Bangladeshis in Kerala; 35 nabbed Police in Kerala have arrested 35 people in Malappuram district on suspicions of being illegal Bangladeshi citizens staying in India.The arrests were made in Edavannapara in the Muslim-dominated district.Police sources said that the arrests are likely to lead to an accel...
Jet Airways offers 20% discount on international flights Jet Airways said it would offer up to 20% discount on international tickets under a week-long sale that will end on Sep 6."Under the offer, guests enjoy attractive savings of up to 20% discount on the lowest prevailing return base fares," the airline said.The offer is val...
Jet Airways cancels several flights from Mumbai due to rains Jet Airways said it is cancelling several of its flights from and to Mumbai to cope with the situation created by incessant and heavy rains in the city.The flights include those to Vodadara, Delhi, Bangalore, Ahmedabad, Chandigarh and others."Inclement weather in Mumbai ...
Ramco Systems wins key deal from Saudi aircraft maintenance company Cloud-based services provider Ramco Systems has won a key, five-year contract from Saudi Rotorcraft Support Company, which provides maintenance services for the country’s combined fleet of more than 360 military and commercial helicopters."With two of the top 5 aircraft manu...
Now you can also fly to Pondicherry, thanks to SpiceJet SpiceJet has become the first airline to conduct flight services to Pondicherry, the former French colony that is a prominent tourist attraction in South India.The flights will be from Hyderabad. With this new flight, Puducherry will be connected with Delhi, Mumbai, Bengalu...
Car driver fined Rs 5,000 for blocking bus from overtaking A medical student in Kerala was fined Rs 5,000 and his car impounded for three days after the driver of a State Road Transport Corporation bus complained that the student forced the bus to go slow.Faizal, from Azhiyoor near Mahe, was accused of blocking the way and forcing th...
SpiceJet reports 10th quarterly profit in a row SpiceJet reported an 18% growth in its net profit for April-June period at Rs 175 crore, the company said, making it the 10th successive profitable quarter for the airline. Total revenue from operations were Rs 1,869 crore, higher than Rs 1,521 crore for the same quarter las...
Arnab Goswami’s Republic TV gets derated by Malayalis Republic TV, the channel launched by Arnab Goswami -- the former editor of Times Now -- has come in for a barrage of criticism on social media after Malayalis took offence to what has been portrayed as repeated attempts by the channel to tarnish the reputation of the state.Th...
Indigo targets 20% growth every year; move towards owned aircraft IndiGo Airlines, India's largest airline by far, is in no mood to go easy on its rapid expansion in coming years, the company said.The company, which accounted for 85% of the total capacity added in the country in the last five years and grew its seats at 24% per year on aver...
GMR closes funding for Mopa Airport, Axis Bank underwrites debt GMR Goa International Airports Limited said it closed funding for the upcoming Mopa Airport in Goa, with Axis Bank underwriting the entire debt of Rs 1,330 cr."Having tied up funding for the project, we are working towards starting on ground construction activity post monsoon...
Kerala Muslim girl draws fire for marrying Hindu boy A Muslim girl who got married to a Hindu boy has come under heavy fire on social media for causing distress to her parents.Many of her former co-religionists found her decision unpalatable."You have sacrificed the eternal for the fleeting, not because you lack education, but ...
SN Subrahmanyan takes over as Larsen & Toubro CEO Larsen & Toubro Deputy Managing Director and President S.N. Subrahmanyan has taken over as CEO and Managing Director with effect from today.SN SubrahmanyanHe has been on the company's board since 2011 and was named the new CEO in April this year.At the meeting on Apr...
Larsen & Toubro wins Aurangabad, MMRDA orders worth Rs 2,552 cr Construction major Larsen & Toubro said its transportation infrastructure and water effluent treatment businesses have jointly bagged an engineering, procurement and construction order worth Rs 1,223 cr from Aurangabad Industrial Township Limited (ATL).The scope of work incl...
SpiceJet adds new flights from Surat to Mumbai, Hyderabad SpiceJet announced the launch of four new daily non-stop flights connecting Surat to Mumbai and Hyderabad.From July 10, there will be a new daily direct flight for the Mumbai-Surat-Mumbai sector. It will also start operating its second daily direct flight on the sector in th...
Reliance Infra defence unit inks one more deal to help with Rafale work Reliance Defence, the defence-focused subsidiary of Reliance Infrastructure, said it entered into yet another agreement with an overseas company. This time, the company said it tied up with Daher Aerospace, France, a supplier of integrated systems for aeroplanes.Daher makes ...
Etihad Airways, Abu Dhabi offer free hotel stay to boost tourism In an effort to boost tourism in its home town of Abu Dhabi, government-controlled Etihad Airways announced a set of freebies and packages for passengers transiting through the Gulf city.The biggest freebies are for first class passengers. They will get two free nights at an...
SpiceJet starts UDAN services starting at Rs 2,250 SpiceJet, which was the most aggressive in pursuing the affordable airfare plan called UDAN, today started its services under the scheme.The airline started flights on the Mumbai-Porbandar route with at Rs 2,250 including all taxes and levies, while the fare on the Mumbai-Ka...
Jet Airways inks codeshare agreement with Aeromexico Jet Airways said it inked an agreement with Aeromexico, the flag carrier airline of Mexico, to explore codeshare arrangements and shared frequent flyer programs. As part of the arrangement, both carriers will code on each other’s services between India and Mexico via common ...