India last month started work on a project that will enable New Delhi airport to handle 37 million passengers a year by 2010, more than double its current capacity, aviation officials were quoted as saying by Gulf Daily News. The 85 billion rupee ($1.94bn) revamp will see a third terminal building constructed in the next three years and a new runway by 2008 to ease congestion at the airport. The new runway - the airport's third - would be one of Asia's longest at 4,430 metres and would … [Read more...] about $2bn New Delhi airport revamp begins
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Two new airports planned for Riyadh region
There are plans to build two new domestic airports in the Riyadh region in Saudi Arabia, the Khaleej Times reported. The High Commission for the Development of Riyadh (HCDR) is looking for suitable sites on which to establish the airports, which will be located on the north and south-east parts of the city. According to an informed source, one airport will be built in Sudair, north-west of Riyadh, in order to meet the requirements of people living in Al-Ghat, Zulfi, Majmaa and neighbouring … [Read more...] about Two new airports planned for Riyadh region
Changi buys stake in Nanjing airport
Singapore's Changi Airports International said it has bought a 29 percent stake in China's Nanjing Lukou International Airport for US$138 million ¨C launching what is expected to be another bumper year for airport sales and privatisations. Changi Airports International CEO Chow Kok Fong, said in a statement: "This represents the first private-equity investment deal in a Chinese airport by another foreign airport." Changi last year signed an agreement to manage the New … [Read more...] about Changi buys stake in Nanjing airport
INFA, Asperindo refuse flawed income tax policy
The Indonesian Forwarders' Association (INFA), Indonesian Express Delivery Companies' Association and seven other associations of service-providing companies have rejected Indonesia's new income tax policy, which became effective on January 1. Asperindo chairman Johari Zein said the new income tax regulation is not improving the industry as it adds more burdens to members. "The problem is that courier companies can spend more on administrative procedures, and even can lead to … [Read more...] about INFA, Asperindo refuse flawed income tax policy
TAFA to host FAPAA ECM/AGM in Bangkok
This year's 35th Executive Council Meeting (ECM) and Annual General Meeting (AGM) of the Federation of Asia Pacific Aircargo Agents Associations (FAPAA) will be hosted by the Thailand Airfreight Forwarders Association (TAFA). The event will take place in Bangkok, but at press time the TAFA organising committee could not confirm in which hotel the gathering would be held. The dates of FAPAA's main event have been set between June 20 - 22, with the traditional golf tournament taking … [Read more...] about TAFA to host FAPAA ECM/AGM in Bangkok
BRUFA chief upbeat on Asean pacts
Freight forwarders should take full advantage of three recently signed regional transport agreements, which will further develop their businesses in the Asean region and improve their chances of establishing partnerships with China and Japan, The Brunei Times quoted a senior official of the Brunei Freight Forwarders Association (BRUFA) as saying. BRUFA president, Hj Abd Saman Hj Ahmad, said the Asean agreements could lead to more efforts geared towards making Brunei an air cargo … [Read more...] about BRUFA chief upbeat on Asean pacts
