Sunday, February 03, 2013

KPMG for Rs1,000-cr fund to develop smaller airports in Budget


Mumbai: Global consultancy firm KPMG expects some growth-boosting steps, including setting up of a special fund to make smaller airports viable, in Budget 2013-14.
"Setting up of an essential air services fund (EASF) with a corpus of Rs 1,000 crore for providing funding support to small (tier 3/4) airports and airlines operating there can be a big boost to the aviation sector," KPMG Partner and head of aviation vertical Amber Dubey told PTI here.
The country currently has 454 operational and non- operational airports/airstrips, of which state-run Airports Authority operates 125. However, most of them are not financially viable, including some being operated by private companies.
Of the total airports, 14 are international airports, 80 domestic, 12 Customs airports and 19 other civil enclaves.
03/02/13 ZeeNews
To Read the News in full at Source, Click the Headline