Govt asks airports to partially bear CISF deployment costs

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The cost of safeguarding airports across the country is met by aviation security fee (ASF) of Rs 200 collected per passenger but the government now wants airports to partially bear the expenses. The civil aviation ministry has asked airport operators to bear the cost of Central Industrial Security Force (CISF) deployment in cargo facilities, general aviation … Read more

Investment boom in Indian aviation

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Investors, including scheduled banks, are winging their way to the aviation sector in a show of confidence in its growth prospects. According to the Reserve Bank of India, 40 scheduled banks have cumulatively doubled their lending to the aviation sector in January at ₹45,076 crore, as against ₹23,407 crore three years ago. Investments from other … Read more