Generating adequate revenue to run an organisation is the key to its success and Airports Authority of India (AAI) is leaving no stone unturned to ensure that each of the airports and departments can contribute generously when it comes to revenue generation.
Traditionally, airport operators tend to derive their income from aeronautical revenue. However, non-aeronautical revenues have become key to broadening the base of revenues of airport operators across the world. The non-aeronautical revenue comes from activities that are undertaken apart from the core business, such as retail, publicity, car parking, duty-free shops and other concessions and rentals and AAI is taking initiatives to improve revenue generation on all these fronts.
With India set to become the third largest aviation market by 2026, the Airports Authority of India is expanding its avenues for revenue generation, from aeronautical to the non-aeronautical arena. Airports Authority of India (AAI) is looking to unleash and tap the commercial potential available to them with the dual aim of enhancing their non-aeronautical … Continue reading AAI Stepping-up Commercial Activities →
With the number of Indian travellers consistently growing, Turkish Airlines hopes to develop its operations further to tap the potential market. Ozer Guler, general manager of Turkish Airlines (north and east India) talks about the success of the airlines in India. Since Turkish Airlines started operating from India, how has the growth been? Turkish Airlines … Continue reading Ozer Guler →
Upgrading airports for delivering better services to air travellers has been the motto for the Airports Authority of India (AAI). The newly inaugurated upgraded terminal building at the Jammu Airport is one such example. Mehbooba Mufti, Chief Minister of Jammu and Kashmir, and P Ashok Gajapathi Raju, Union Minister for Civil Aviation, recently inaugurated the … Continue reading Jammu Airport: Augmenting Infrastructure to Enhance Connectivity →
The understanding of sustained financial health in the Indian aviation sector, especially at airports, still remains a challenge in India. With non-aeronautical revenue such as retail or advertising coming to rescue over the years, it is quite intriguing to appreciate how the Indian airports are surviving in a time of susceptible economic conditions.
Keeping in view India’s vision of becoming the largest aviation market in the world by 2030, TraiCon events developed the Airport Modernisation India Summit 2017, which looked at methods to develop the Indian aviation sector. Aimed at developing a programme that will help modernise the entire Indian aviation sector, Airport Modernisation Summit 2017 was held … Continue reading Airport Modernisation India Summit 2017 →
Maharashtra Airport Development Company Limited (MADC) has a number of projects, schemes and initiatives under its wing. MADC is taking consistent and substantial steps to improve connectivity in Maharashtra, establish a booming economy and set India up as the aero manufacturing hub in Asia. MADC was constituted in the year 2002. What are the major … Continue reading Valsa Ramannair Singh →
Backed by strong fundamentals, the Indian aviation stocks are soaring high and are likely to attain greater heights as key players open their war chests in pursuit of a bigger slice of the growing market pie. The Indian aviation sector is witnessing a new horizon underneath the blazing skies, with a renewed thrust on the … Continue reading Airline Stocks Fly High in a Sweet Spot →
Maharashtra is firmly poised to carry forward the objectives of central government’s ‘UDAN Yojana’ while targeting smaller cities for developing airports within a 800 km radius of existing airports. With a cap on the fare at INR 2,500 for a distance of 500 kilometres, it opens air travel opportunity for the common man! Special impetus … Continue reading ‘MAHA-UDAN’ The Quantum Jump Towards Development →