The Airports Authority of India (AAI) can claim up to 49 per cent stake in case a second greenfield airport is constructed within 150-km radius of an existing AAI-run airport. In the draft civil aviation policy, released on Friday, the Centre had eased norms with respect to setting up of a second airport in the same city.
“AAI may be suitably compensated by the government of India and/or relevant state government in case a new greenfield airport is approved in future within a 150-km radius of an existing operational AAI airport. Alternatively, AAI may be given the option to have the right of first refusal or equity participation up to 49 per cent in the new airport at its discretion,” said the draft civil aviation policy.
At present, no greenfield airport is allowed to be constructed within a 150-km radius of an existing one. A second airport can be built only with Union Cabinet’s approval and after the parameters for distribution of traffic between the two airports are clearly spelt out.
Although AAI has no plans to build a second airport near any of its airports at present, Centre for Asia Pacific Aviation (CAPA) Chief Executive Officer Kapil Kaul said 40 AAI airports are approaching saturation in handling passenger capacity in the next five years.
03/11/15 Somesh Jha/Business Standard
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“AAI may be suitably compensated by the government of India and/or relevant state government in case a new greenfield airport is approved in future within a 150-km radius of an existing operational AAI airport. Alternatively, AAI may be given the option to have the right of first refusal or equity participation up to 49 per cent in the new airport at its discretion,” said the draft civil aviation policy.
At present, no greenfield airport is allowed to be constructed within a 150-km radius of an existing one. A second airport can be built only with Union Cabinet’s approval and after the parameters for distribution of traffic between the two airports are clearly spelt out.
Although AAI has no plans to build a second airport near any of its airports at present, Centre for Asia Pacific Aviation (CAPA) Chief Executive Officer Kapil Kaul said 40 AAI airports are approaching saturation in handling passenger capacity in the next five years.
03/11/15 Somesh Jha/Business Standard
