Non-aeronautical revenues of airports may touch 54 pc by 2015

New Delhi: With the modernisation and development of airport space, the non-aeronautical revenues of airports in India may increase from the current 35 per cent to 54 per cent by 2015, says a study.
According to global consulted Cushman and Wakefield's 'Airport Realty Report' around 78 million sqft of real estate space can be expected in commercial and hospitality segments in the country by 2015, with the modernisation and upgrading of the 47 airport projects.
"If the current privatisation trend continues and all airport projects under development, as specified in the 11th Plan, are modernised as per schedule, then non-aeronautical revenues might increase from the current 35 per cent to 54 per cent by 2015," the report said.
19/05/08 PTI/Economic Times

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Categories: Airports May 2008