India's Kannur Airport to offer 49% of equity shares to the public

India's Kerala Chief Minister, VS Achuthanandan, reportedly stated that the Indian Cabinet approved a public sale of a 49% share in the proposed Kannur Airport to the (UNI, 31-Mar-2010). Mr Achuthanandan added the Government would hold 26% of equity in the company, same as the Cochin International Airport Limited investment model.