Airports Authority of India (AAI) has mandated project leasing and financial services firm Infrastructure Leasing & Financial Services (IL&FS) to suggest ways for increasing non-aeronautical revenues at its major international airports. The public sector airport firm earns only 20-25% of its revenue from non-aero activities like food and beverage retail, car parking and cargo against 65% generated by private developers like Delhi International Airport (DIAL).
“We have asked IL&FS to give their suggestions for increasing revenue from non-core aviation activities. They would cover most of the major airports like Ahmedabad, Kochi, Lucknow and Jaipur,” an official source said.
The official said that AAI would pay only R1 lakh as consulting fee to IL&FS for the work.
The aviation ministry wants AAI to take their non-aero revenues on a par with private airport companies so that its airports become profitable. The state-owned airport agency currently manages 128 airports in the country.
05/09/11 Nirbhay Kumar
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