ILFS Sued- The road to regional airports!
Neelam Mathews July 20, 2013 The government can cry itself hoarse over how it wants to develop its regional airport policy and even make announcements on how well the projects are doing, but it is clear that things are far from what they seem. Reality bites. Finally somebody had the gall to take legal action against an ineffective, inefficient, staid system. Pushed to take legal recourse due to lack of response from JV partner and sister companies, promoters of Regional Airport-Holdings International Limited (RAHI), a joint-venture between Rahi Aviation Holdings Pvt. Ltd. (RAH) and IL&FS Transportation Networks Ltd announced that a series of legal actions had been initiated against IL&FS, ITNL, IL&FS Engineering (IECCL, earlier known as Maytas) and others, “in the wake of the Gulbarga and Shimoga Airport Projects languishing for want of appropriate responses from IL&FS.” RAHI came in with dreams of building 99 airports and I can attest to the passion ...