AAI owns 136 airports in the country including 7 Joint Venture airports
NEW DELHI: Airports Authority of India (AAI), a statutory body, under the jurisdiction of Directorate General of Civil Aviation, Ministry of Civil Aviation owns 136 airports in the country out of which, AAI has formed Joint Venture in 7 airports.
The seven airports in which AAI has stakes are Indira Gandhi International Airport, Delhi (26%), Chhatrapati Shivaji Maharaj International Airport, Mumbai (26%), Rajiv Gandhi International Airport, Hyderabad (13%), Kempegowda International Airport, Bengaluru (13%), Dr. Babasaheb Ambedkar International Airport, Nagpur (49%), Kannur International Airport, Kannur (7.47%), Chandigarh Airport, Chandigarh (51%).
Airports Authority of India (AAI) has recently awarded six airports namely Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram, Mangaluru for Operations, Management, and Development under Public-Private Partnership (PPP) for a period of 50 years.
As per National Monetization Pipeline (NMP), 25 AAI airports have been earmarked for asset monetization over the years 2022 to 2025 namely 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. The criteria adopted for Monetization of airport assets under NMP is as following:
(i)Airports having annual traffic above the threshold of 0.4 million passengers (in FY 2019 and 2020).
(ii)Airports with a sizeable ongoing/proposed capes plan as per the National Infrastructure Pipeline (NIP).