6 AAI airports could be up for privatisation

New Delhi: The Ministry of Civil Aviation (MoCA) is looking to get a nod from the Union Cabinet by December for the privatisation of six more AAI (Airports Authority of India) airports, sources aware of the development said on Monday. The second phase of the government’s privatisation drive will see Varanasi, Amritsar, Bhubaneswar, Trichy, Indore and Raipur airports of AAI being put up for sale to the private sector.

 

In the first phase, Lucknow, Jaipur, Guwahati, Thiruvananthapuram, Mangaluru and Ahmedabad were privatised. Prior to this, it was in 2006 that the UPA government had privatised Delhi and Mumbai airports.

 

The source said that the ministry of civil aviation is looking to get an “in-principle” approval from the Union Cabinet by the first week of December. “Once that’s in place, we can go for bids. The aim is to wrap up the bidding process by March,” the source said. The privatisation plan has already received an approval from the AAI board. The move is expected to bump AAI’s profits from the current Rs 220-250 crore to Rs 900-1,100 crores.