Thursday, February 22, 2024
HomeNewsInfrastructure NewsAAI is saving 515 crore annually from leasing out of 6 airports...

AAI is saving 515 crore annually from leasing out of 6 airports under PPP

About 14 airports in India operate on the Public-Private Partnership model, told Minister of State for Civil Aviation, Retd. Gen. Dr V.K. Singh in a written reply to the Rajya Sabha during the winter session of the parliament. The detailed statement shared by the MoS stated that 25 airports under the Airport Authority of India are earmarked for leasing for the period between 2022 and 2025. 

25 airports under National Monetisation Pipeline (NMP)

The airports available for leasing under the National Monetisation Pipeline (NMP) include Bhubaneshwar, Varanasi, Amritsar, Trichy, Indore, Raipur, Calicut, Coimbatore, Nagpur, Patna, Madurai, Surat, Ranchi, Jodhpur, Chennai, Vijayawada, Vadodara, Bhopal, Tirupati, Hubli, Imphal, Agartala, Udaipur, Dehradun and Rajahmundry. 

Most profitable and loss-making airports of India

The statement also presents the details of Profit and Loss for all the airports operational under AAI and PPP. Bangalore’s Kempagowda Airport turned out to be the most profitable in the Financial Year 2022-23, with Rs 528.31 crore. While under the AAI, Kolkata Airport and Chennai Airport turned out to be the most profitable, with Rs 482.30 crore and Rs 169.56 crore respectively. 

However, the Delhi airport was under heavy loss of Rs 284.86 crore. Similarly, Ahmedabad Airport booked a loss of Rs 408.51 crore in FY23. 

Upcoming airports

The government is working on the construction of several airports including greenfield airports, out of which three major international airports would add to the aviation efficiency of the country, including Jewar Airport in Noida, Navi Mumbai International Airport and Bhogapuram International Airport in Visakhapatnam, Andhra Pradesh. 


Most Popular

Hot News