New Delhi: The long-awaited measure of corporatising and listing the Airports Authority of India (AAI) on the bourses is unlikely to be completed by the end of the current financial year as planned by the Ministry of Civil Aviation (MoCA).
A senior official in the Airports Authority of India (AAI) said, “We have to hive off air navigation services (ANS), form a company, get it rated and then go for listing. All this will take at least three years, if not longer.”
Earlier this year, AAI kicked off the divestment process and subsequent listing on the bourses by hiring SBI Caps to guide them through the process. However, AAI insiders point out that the biggest hurdle that has emerged in corporatising AAI is its huge land bank. AAI has 58,000 acres of land dotting the country.
30/06/15 Sharmistha Mukherjee/Indian Express
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A senior official in the Airports Authority of India (AAI) said, “We have to hive off air navigation services (ANS), form a company, get it rated and then go for listing. All this will take at least three years, if not longer.”
Earlier this year, AAI kicked off the divestment process and subsequent listing on the bourses by hiring SBI Caps to guide them through the process. However, AAI insiders point out that the biggest hurdle that has emerged in corporatising AAI is its huge land bank. AAI has 58,000 acres of land dotting the country.
30/06/15 Sharmistha Mukherjee/Indian Express
