AVIATION INDUSTRY

Dec. 29, 2018

Union Cabinet has approved leasing out six airports through Public Private Partnership (PPP).

About:

The Union Cabinet has given in-principle approval for development, operation and management of six airport under Public Private Partnership (PPP) model through Public Private Partnership Appraisal Committee (PPPAC).
These airports are Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvarupuram and Mangalore.
Presently, the airports being managed under the PPP model include Delhi, Mumbai, Bangalore, Hyderabad and Cochin.
Benefits:
- This is expected to enhance the revenue to AAI and increased economic development in these areas in terms of job creation and related infrastructure.
- The PPP airports in India have been ranked among the top 5 in their respective categories by the Airports Council International (ACI) in terms of Airport Service Quality (ASQ).