Hyderabad: Five airports operated under PPP model -- Delhi, Mumbai, Bengaluru, Hyderabad and Cochin -- are expected to continue to 'limit traffic decline' despite adverse economic conditions in FY15 and first half of FY16, rating agency India Ratings and Research (Ind-Ra) has said in its latest report.
All the five major private airports have registered year-on-year (y-o-y) growth in domestic and international passenger segments in FY14 and in the first few months of FY15 after a decline in domestic passenger traffic in FY13.
The cascading effect of the increase in domestic and international enplanements has resulted in y-o-y increase in non-aeronautical revenues also across airports in FY14, it said.
"Ind-Ra does not expect any rating pressure on airports in its portfolio in the short to medium-term due to resilience of their cash flow to downside sensitivities. The dependence of a couple of airports on timely real estate monetisation is mitigated by their presence in high catchment areas.
01/01/15 PTI/Economic Times
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All the five major private airports have registered year-on-year (y-o-y) growth in domestic and international passenger segments in FY14 and in the first few months of FY15 after a decline in domestic passenger traffic in FY13.
The cascading effect of the increase in domestic and international enplanements has resulted in y-o-y increase in non-aeronautical revenues also across airports in FY14, it said.
"Ind-Ra does not expect any rating pressure on airports in its portfolio in the short to medium-term due to resilience of their cash flow to downside sensitivities. The dependence of a couple of airports on timely real estate monetisation is mitigated by their presence in high catchment areas.
01/01/15 PTI/Economic Times
