Indian airports deliver surging growth in non-aeronautical revenues

A new report from the Centre for Aviation (CAPA) underlines the surge in non-aeronautical revenues at India's airports, and especially those operated under the public-private partnership (PPP) model, over the past five years. The Moodie Report works closely with CAPA, which provides analysis and research into the global aviation market.
India embarked upon a multi-billion dollar airport modernisation programme in 2005. One of the key pillars of this programme was the introduction of the public-private partnership (PPP) model to upgrade and develop the two primary gateways at Delhi and Mumbai, and to construct greenfield facilities in Bangalore and Hyderabad. Prior to this, all airports in the country, with the exception of Cochin Airport, were operated by the state-owned Airports Authority of India (AAI).
Private capital was attracted to the Indian airport opportunity because of fast-growing passenger and freight traffic, and because there was seen to be significant upside potential in non-aeronautical revenue. In FY2006, the last year in which all metro airports were operated by the AAI, non-aeronautical activities generated just 15.1% of total revenue, compared with around 50% or more being achieved by commercially driven airports in other parts of the world.
09/02/12 The Moodie Report

To Read the News in full at Source, Click the Headline

Categories: airports Feb 2012