Airport Privatization in India
Airport Privatization in India The Airports Authority of India (AAI) was formed on 1st April 1995 by merging the International Airports Authority of India and the National Airports Authority with a view to accelerate the integrated development, expansion, and modernization of the operational, terminal and cargo facilities at the airports in the country conforming to international standards. AAI is a major airport operator managing 125 airports across the country and also entrusted with the sovereign function of providing air traffic services in India. Four of the six metro airports in the country — New Delhi, Mumbai, Hyderabad, and Bangalore are currently run by private operators. The previous United Progressive Alliance (UPA) government wanted more airports to be privatized, despite resistance from airlines who said passengers and airlines will have to pay more to use these airports with upgraded facilities. Reasons cited for privatization The AAI has invested substa...