AAI raised Rs 380 cr this year; fares unchanged

New Delhi: Airports Authority of India raised Rs 380 crores till September this year through short loans for funding various development projects but the borrowings will not lead to increase in passenger fares, the Rajya Sabha was informed today.
"The Airports Authority of India has proposed to raise Rs 2,000 crore in the budget estimate for the current financial year to meet its requirement of funds for development of airport infrastructure in the country," Civil Aviation Minister Praful Patel said in a written reply.
24/11/09 Press Trust of India

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Categories: Airports Nov 2009