Friday, November 22, 2019

AAI likely to lease out 6 more airports, including Varanasi, Amritsar, Bhubaneswar, Trichy under PPP model

The Airport Authority of India (AAI) is likely to lease out six more airports under the public private partnership (PPP) model in the coming months.

“AAI Board in its meeting has recommended for leasing out 6 airports namely Varanasi, Amritsar, Bhubaneswar, Trichy, Indore and Raipur for operation, management and development under PPP,” the ministry of civil aviation told Parliament on Wednesday.

These facilities are managed by state-owned AAI and witnessed traffic between 1.57-4.15 million passengers in FY19.

The ministry had bid out profit-making airports at Ahmedabad, Jaipur, Lucknow, Trivandrum, Guwahati and Mangalore in February 2019 on the basis of highest per-passenger fee (PPF) offered to the AAI.
21/11/19 Financial Express
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