Saturday, August 29, 2020

Data: As Government leases Airports under PPP, here is how they have performed so far

Recently, the Union Cabinet chaired by Prime Minister Narendra Modi approved the proposal to lease out three airports of the Airports Authority of India (AAI) – Jaipur, Guwahati, and Thiruvananthapuram, through Public Private Partnership (PPP), to Adani Enterprises. The government’s press release states that the company was declared as the successful bidder in a Global Competitive Bidding conducted by AAI and will be taking over charge of operations, management, and development for a period of 50 years.
But what has been the performance of these airports like, in the last few years? How many of the AAI managed airports made losses and how many are profitable? 
Read KM Pavithra's answers for these >>
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