The government plans to sell its residual stake in already privatised Delhi, Mumbai, Bengaluru and Hyderabad airports as part of its ambitious asset monetisation pipeline, said PTI report. Sale of Airport Authority of India's (AAI) remaining stake in the four airports and also 13 more airports have been identified for privatisation in FY22.
For the 13 AAI airports identified for privatisation, the possibility of clubbing of profitable and non-profitable airports will be explored to make more attractive packages, reports said. The issue is likely to go to the Cabinet for approval in the next few days.
In a recent exclusive interview (Feb 2021) with ET NOW, the Aviation Minister had said, we have an ambitious program of privatisation, want to privatise another 12 in the coming months. We want to ensure that total air infrastructure takes a quantum leap. India today is the third-largest domestic civil aviation market in the world.
15/03/21 Poonam Saney/ETNowNews.com
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