Saturday, August 21, 2010

Welcome to the local airport mall

Mumbai: Indian airports, particularly those at Mumbai, Delhi, Hyderabad and Bengaluru, are seeing a steady change in their revenue models—one which will soon place them alongside international airports like Changi, Sydney or Houston.
These Indian airports are increasingly making more revenue from non-aeronautical sources, and industry experts predict that soon their non-aeronautical revenue will exceed aeronautical revenue. In fact, Mumbai Airport has already made the grade: its non-aeronautical revenue was more than what it earned from aeronautical sources last year.
Aeronautical revenue basically comprises charges levied on airlines for conducting operations at an airport. Non-aeronautical revenue comes from things like shop rentals, advertisements, car parking fees and so on. With most Indian airports expanding their retail and other facilities like car parks and advertisements, they are set to join the ranks of international airports like Changi, Sydney, Amsterdam and Heathrow, which make 60-70% of their revenue from non-aeronautical sources.
While five years ago, most Indian airports were making only 20% of their money from non-aeronautical sources, the figure has now gone up by 30-40%. Mumbai Airport, for 2009-10, made 39% from non-aeronautical sources and 40% from aeronautical charges.
21/08/10 Times of India
To Read the News in full at Source, Click the Headline

0 comments:

Post a Comment