Privatization of 6-10 airports to begin from April
AAI is raising ₹2,100 crore for its capex requirements
(Mint)
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NEW DELHI :
The Airports Authority of India (AAI) will begin the third stage of the airport privatization process for 6-10 airports in April, civil aviation secretary Pradeep Singh Kharola said on Thursday.
The government will use a new approach for privatizing airports, clubbing a profitable airport with a loss-making airport for the sale process, Kharola said. “AAI is examining the feasibility of giving a non-profitable airport and a profit-making airport as a package. We could see six to 10 airports being taken up, he said.
The Adani Group has offered to buy out minority stakeholders Bidvest and ACSA’s stake in Mumbai International Airport Ltd (MIAL) for ₹911.25 crore and ₹675 crore, respectively, as part of the deal to