Mumbai: The Airports Authority of India has been incurring losses on 93 of its airports, even as the state-owned agency plans to build and operate 50 low-cost airports in the country in the next few years.
The overall plan, according to the latest Economy Survey of the newly elected BJP government, is to build 200 budget airports in the next 20 years.
For 2012-13, AAI posted a loss of Rs 1,547 crore on airports such as Amritsar, Aurangabad, Jaipur, Lucknow, Varanasi and Bhopal apart from numerous small ones, according to the latest government figures. The loss was up 41% over the previous year. Some of these airports are operational and recognised on AAI's accounts even though airlines don't operate from them. The figures for the financial year ended March 31 weren't available but sources said AAI would have incurred a loss last year as well.
20/08/14 Anirban Chowdhury/Economic Times
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The overall plan, according to the latest Economy Survey of the newly elected BJP government, is to build 200 budget airports in the next 20 years.
For 2012-13, AAI posted a loss of Rs 1,547 crore on airports such as Amritsar, Aurangabad, Jaipur, Lucknow, Varanasi and Bhopal apart from numerous small ones, according to the latest government figures. The loss was up 41% over the previous year. Some of these airports are operational and recognised on AAI's accounts even though airlines don't operate from them. The figures for the financial year ended March 31 weren't available but sources said AAI would have incurred a loss last year as well.
20/08/14 Anirban Chowdhury/Economic Times
