Airports Authority of India to be converted to a company in 2010
In early Aug-2009, India’s Minister for Civil Aviation, Praful Patel, announced plans to convert AAI from an authority to a company by the end of FY2010 (31-Mar-2010), by amending the AAI Act 1994 (as amended by the AAI Act 2003). As a company, AAI would be required to raise its own funds and it would be able to list on the stock market. Mr Patel stated it “should not take too long” to amend the Act in Parliament. [1176 words]
Unlock the following content in this report:
- Second monthly increase in cargo volumes, while decline in passenger traffic eases
- Seeking to levy Airport Development Fee at 35 non-metros
- First Chairperson of AERA commences in the role
Graphs and data:
- Airport Authority of India (AAI) international cargo and domestic cargo growth: Jun-2008 to May-2009
- Airport Authority of India (AAI) international passenger number and domestic passenger number growth: Jun-2008 to May-2009
- Airport Authority of India (AAI) aircraft movements: Jun-2008 to May-2009
- Functions of Airport Economic Regulatory Authority (AERA)
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