Increased Passenger Traffic Accelerating Airports Revenue in India

A new research report by RNCOS “Indian Airports Market Assessment”, says that Airport infrastructure in India is witnessing improvisation and expansion on a massive scale, with the Government avidly supporting private participants. Indian airports remain heavily dependent upon flight-related activities for earning their revenue. Airports charge from the airline customers for the facilities they use. Therefore, if the passenger traffic increases, the airport’s revenue will also grow by the same proportion. Rise in per capita income will make air travel more affordable for Indian travelers, leading to growth in passenger traffic. It is anticipated that by FY 2015, Indian airports (including domestic and international) passenger traffic will grow to 256 Million passengers.
Our research further highlights that the airport sector has managed to attract considerable private interest. According to the 11th Plan projections, private investment towards airport infrastructure was expected to contribute INR 231.55 Billion, which is 64% of the total investment. The PPP route has progressively gained importance and is being used either for modernization or construction of airports or only for city-side development at airports.
26/06/12 openPR

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

Categories: airports Jun 2012