While the Indian civil aviation business soars high, AAI (Airports Authority of India) looks for more ways to increase revenues from various sources as the need for infrastructure deepens.
The AAI under the Ministry of Civil Aviation (MoCA) plans to have a national strategy for airports development and formulation of model concession agreements amidst growing passenger traffic, which is expected to touch 322 million in 2018-19, according to its chairman Guruprasad Mohapatra.
Pursuing ambitious expansion plans, the Airports Authority of India (AAI) is preparing to commence “mega projects of new terminal buildings” at 14 aerodromes this year.
“AAI is deliberating on a national strategy for airports development and operations and formulation of model concession agreements,” Mohapatra told in an interview. In this regard, the national airports’ operator is already looking for a strategy consultant.
Against the backdrop of rising passenger numbers and infrastructure requirements, the AAI has been working on ways to increase its revenues from various sources. During April-October 2017 period, the AAI chief said, the total number of passengers handled rose to 171 million compared to 149 million in the year-ago period.
“The passenger traffic in India is expected to be about 322 million in 2018-19,” he noted.
India is one of the fastest growing aviation markets in the world. While outlining the initiatives for this year, Mohapatra said “airports/terminal buildings” are likely to be ready at five places. They are Jharsuguda in Odisha, Tezu (Arunachal Pradesh), Calicut (Kerala), Gorakhpur (Uttar Pradesh) and Pakyong (Sikkim).
This year, the “mega-projects” of new terminal buildings are to start at Guwahati, Leh, Patna, Trichy, Vijayawada, Jabalpur, Ahmedabad, Chennai, Srinagar Pune, Lucknow, Mangalore, Dehradun and Jaipur, he added.
In addition to this, the AAI has a major role in readying airports under the regional connectivity scheme that seeks to take care of unserved and under-served aerodromes as well as make flying more affordable.
To a query on proposed amendments to the AAI Act with respect to easing the restrictions on the use of airport land, Mohapatra said it is under the consideration of the civil aviation ministry.
Meanwhile, the national airports operator saw its net profit jump 23 pc to a ‘record’ INR 31.15 billion in the last fiscal, primarily driven by the higher traffic numbers and increase in non-aeronautical revenues.
AAI manages 125 airports, including 11 international aerodromes and 25 civil enclaves. It also provides air traffic management service over the entire Indian airspace and adjoining oceanic areas.