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In order to insulate airlines and passengers from high user charges, the <keyword id="149609" type="ORGANIZATION" weightage="100" keywordseo="Ministry-of-Civil-Aviation">Ministry of Civil Aviation</keyword> is reconsidering management contracts to private operators at India’s six airports. 
 
“We need to consider our learnings from the airport contracts awarded in the past,” a senior ministry official said. “One concern raised by stakeholders is the cost of turnaround of an aircraft. The turnaround cost for a jet is around $6,000 at an Indian private airport, whereas it costs $2,300 at Changi (Singapore) airport. We need to ensure privatisation does not increase the cost of the airport,” he added. 
 
The Civil Aviation Ministry will seek approval from an inter-ministerial group to give management contracts at six airports: Chennai, Kolkata, Lucknow, Guwahati, Jaipur and Ahmedabad. 
 
The ministry is also taking stock of the views expressed by the Comptroller and Auditor General on privatisation of Delhi and Mumbai airports. “We are looking into these concerns. All this will be debated in the inter-ministerial group,” the official added. 
 
The United Progressive Alliance government had initiated the process to award management contracts for these airports in 2013. 
Image: Thinkstock

Govt Reviewing Airport
Privatisation To Control High User Charges

Civil Aviation Minister <keyword id="2128920" type="UNKNOWN" weightage="100" keywordseo="Ashok-Gajapathi-Raju">Ashok Gajapathi Raju</keyword> has ruled out the privatisation of <keyword id="2573" type="CITY" weightage="100" keywordseo="Air-India">Air India</keyword> in the near future. However, he also added that there have been suggestions from various quarters to privatise the state-run carrier. 
 
A committee will be set up to chalk out the future roadmap for Air India. "It is essential to ensure that the national carrier achieves its full potential," the minister said. 
 Proposals for listing the <keyword id="74939" type="ORGANIZATION" weightage="100" keywordseo="Airport-Authority-of-India">Airport Authority of India</keyword> (AAI) and <keyword id="132488" type="COMPANY" weightage="80" keywordseo="Pawan-Hans">Pawan Hans</keyword> on the stock market have also been made in the Draft Civil Aviation Policy. "AAI will be corporatised followed by its listing on the stock exchanges to improve efficiency and transparency," Raju said. He further added that listing of Pawan Hans would also be undertaken. 
 
AAI looks after 125 airports across the country, including 11 international, 81 domestic and eight customs airports.

Govt Rules Out Immediate Privatisation Of Air India

Mumbai, Feb 14 ( ) Adani Group on Friday inked agreements with the Airports Authority of India (AAI) for the management, operations and development of Ahmedabad, Mangaluru and Lucknow airports. "Today, as we sign the concession agreements for Mangaluru, Lucknow &amp; A'bad with the AAI, its the beginning of another historic journey catering to India's exponential airport infra demands," Adani Group chairman Gautam Adani said in a tweet. In 2018, the government decided to privatise airports at Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. It was for operation, management and development of these aerodromes through public-private partnership model. Adani Enterprises Ltd (AEL) won the rights to run these six airports after competitive bidding process. IAS RAMRAM

Adani group, AAI ink pacts for managing three airports

New Delhi, May 16 () The government's announcements for civil aviation sector breathe some life into the coronavirus pandemic-hit sector and will provide overall positive sentiment, experts said on Saturday, even as some of them emphasised the need for support for airlines. On Saturday, Finance Minister Nirmala Sitharaman announced plans for managing airspace efficiently, making the country a MRO (Maintenance Repair and Overhaul) hub, and auctioning of six more airports on PPP model. GMR Group Chairman G M Rao said India is leading the growth of civil aviation sector globally and is generating significant economic impact. According to him, rationalising Indian airspace is a significant step that would benefit not only the entire sector but also bring down travel time for passengers. Privatising six new airports under public-private partnership (PPP) model would generate significant economic effect and would lead to creation of new jobs. "Likewise, tax incentives for the MRO sector will not only bring foreign investment into India and impact the economics of the airlines but will also open up new opportunities for youth to build careers. The investments being made in airports, privatised in the first two phases, are already leading to enhanced job creation in both aero and non-aero areas," he said. GMR Group manages two airports -- Delhi and Hyderabad -- through PPP model. Welcoming the announcements, GVK Group founder and Chairman G V K Reddy said the move to have PPP model for six more airports would provide the Airports Authority of India (AAI) resources to develop smaller airports across the country. "The plans to make India a global MRO hub will ensure savings of precious foreign exchange and enable Indian airlines to get their aircraft serviced locally," he said. GVK Group manages Mumbai airport through PPP model. Consultancy EY India's Transaction Partner Kuljit Singh said the announcements are good initial first steps and this might be followed by a second phase of reforms package. "... the second phase may need to have more reforms in taxes on fuel, subvention for airport charges, government guarantees for additional unsecured borrowings of private airlines etc," he noted. Law firm Cyril Amarchand Mangaldas' Partner Ajay Sawhney said that today's announcement breathe some life into the pandemic-hit civil aviation sector, but no mention of bailouts on an immediate basis may attract mixed response from the industry. "Though, easing curbs on airspace would certainly bring in long term efficiency, and on an immediate basis some relief to the airlines, but a more meaningful intervention may be required if the aviation sector is not on the recovery path soon," he noted. Travel portal EaseMyTrip.com Chairman and CEO Nishant Pitti said the announcements would definitely provide positive sentiments for the industry overall. "In addition for industry to withstand the recovery period, government will need to support the backbone, airlines, in these turbulent times through tax relief or relaxation in multiple charges paid by airlines to reduce their costs," Pitti said. Vasudevan S, Partner (Infrastructure Government and Healthcare) at consultancy KPMG in India said the aviation sector is the hardest hit because of the global pandemic with an estimated USD 500 billion loss in airline and airport revenues in FY20. Airport PPP transactions will help unlock value for AAI and state governments, given current investor interest and long-term potential of the Indian market. "Rationalising the MRO tax structure has been a long pending demand of the industry and it is good to see that happening finally, but more needs to be done to create a level playing field, attract foreign investment and make it profitable," he noted. Care Ratings Chief Economist Madan Sabnavis said aviation sector has incentives as six airports would have PPP model, but the "question is who will invest now when future of airlines is uncertain". Consultancy Deloitte India Partner Peeyush Naidu said the initiative for private sector participation for operations, management and development of airports is well-intentioned. IAS GDK RAM RVK

Govt measures will provide positive sentiment for civil aviation sector: Experts

<ul><li>As many as 94 airports out of the 129 airports owned and managed by Airports Authority of India (AAI) were in red in FY 2017-18. </li><li>The situation was similar in the fiscal 2016-17 when AAI reported that 90% of their airports were in loss. </li><li>The revenue of the airports isn’t adequate to balance out their high operating costs. </li></ul><keyword id="457471" type="PERSON" weightage="20" keywordseo="Airports-in-India">Airports in India</keyword> seem to be struggling financially for quite some time now. India’s Civil Aviation Minister, <keyword id="6356597" type="PERSON" weightage="20" keywordseo="suresh-prabhu">Suresh Prabhu</keyword>, said that three-fourths of the airports handled by Airports Authority of India (AAI) were running in loss in fiscal 2017-18. However, AAI has been taking several steps to make these airports profitable, <a href="https://www.zeebiz.com/india/news-state-of-aviation-in-india-94-aai-airports-suffered-losses-in-2017-18-says-govt-78631">reported</a> Press Trust of India. As many as 94 airports out of the 129 airports owned and managed by AAI reported losses last year mainly because they weren’t able to make enough revenue to balance out their total expenditure. The situation is no different from the previous fiscal year. In 2016-17, over 90% of the airports owned by Airports Authority of India reported losses. Further, only eight airports were profitable, <a href="https://www.business-standard.com/article/economy-policy/low-or-lack-of-operations-leads-to-losses-at-90-aai-airports-117022701245_1.html">reported</a> The New Indian Express citing government data. The government has tried to help the <keyword id="45911" type="PERSON" weightage="20" keywordseo="Aviation-sector">aviation sector</keyword> in part by <a href="https://www.businessinsider.in/india-will-privatise-the-management-of-six-more-airports-to-improve-countrys-aviation-infrastructure/articleshow/66556850.cms">leasing out six airports</a> under the Public Private Partnership model. The approval of privatisation of these airports is likely to enhance the revenue to AAI and increase the economic development in the concerned areas in terms of job creation and related infrastructure. The financial state of the airports is a major setback for the Indian government which is trying to develop airports across countries through its regional connectivity scheme (RCS), pointed out, Financial Express.

Nearly three-quarters of airports in India ran a loss last year

<keyword id="2947686" type="UNKNOWN" weightage="100" keywordseo="GMR-Megawide">GMR-Megawide</keyword> is in race with six companies to acquire operations of five airports worth USD 2.4 billion in <keyword id="3750" type="COUNTRY" weightage="100" keywordseo="Philippines">Philippines</keyword> under PPP model, according to a statement issued by the Philippines government. 

	"These PPP projects involve development, operations and maintenance of the five regional airports," the statement said. 
 

	The private partner would provide necessary improvements to the airport to enhance passenger safety, security, access and bring in efficiency in passenger and cargo movement, operations as well as actively market the airports in order to develop direct international passenger traffic. 
 

	The five regional airports in Philippines currently being offered under PPP mode are Bacolod-Silay, Iloilo (Bundle 1), Davao, Laguindingan, and New Bohol (Panglao) (Bundle 2), the statement added. 
 

	These airports involve an estimated total cost of Php 108.19 billion (USD 2.40 billion), the statement said. 
 

	Mactan Cebu International Airport (MICA), currently run by GMR-Megawide, was the first airport in Philippines to be privatised under the administration's ambitious PPP programme aimed at modernising key infrastructure assets. 
 

	In the international competitive bidding process, GMR-Megawide Consortium had emerged as the highest bidder after offering a bid premium of 14.4 billion Philippine Pesos (approximately USD 305 million) for the airport. 
 The other prospective bidders who bid for the five airport projects are Metro-Pacific-JG Summit Consortium, Aboitiz Equity Ventures, <keyword id="14032" type="PERSON" weightage="100" keywordseo="Miguel">Miguel</keyword> Corp, Philippine Skylanders Inc and <keyword id="2947731" type="UNKNOWN" weightage="100" keywordseo="Union-Equities">Union Equities</keyword>. 
	 
	(Image credits: Indiatimes)

GMR-Megawide racing with six others to acquire 5 airports worth USD 2.4 billion

The country's <keyword id="21969771" type="General" weightage="20" keywordseo="airport-industry" source="keywords">airport industry</keyword> is projected to report a <keyword id="20385116" type="General" weightage="20" keywordseo="profit-before-tax" source="keywords">profit before tax</keyword> of <keyword id="21969772" type="General" weightage="20" keywordseo="USD-1-3-billion" source="keywords">USD 1.3 billion</keyword> in the current financial year. The profit is anticipated to be Rs 256.1 (USD 3.1) per passenger in the fiscal ending March 2025, aviation advisory firm CAPA India said while giving projections at its <keyword id="21969773" type="General" weightage="20" keywordseo="aviation-summit" source="keywords">aviation summit</keyword> in the national capital on Friday. In the current fiscal, <keyword id="21969774" type="General" weightage="20" keywordseo="passenger-throughput" source="keywords">passenger throughput</keyword> at Indian airports is estimated to rise to 404.9 million. Out of the total, 81.1 per cent will be domestic and 18.9 per cent will be international traffic, it said. As per the report, the <keyword id="20006900" type="General" weightage="20" keywordseo="Airport-Authority-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Airport Authority of India" meta.hostid="261" meta.entityid="Airport Authority of India">Airport Authority of India</keyword>'s (AAI) profitability is likely to remain robust in FY2024 and FY2025. "The topline will grow due to an increase in aeronautical revenue along with the receipt of revenue share from the recently privatised six non-metro airports, without having to incur any expense associated with it - resulting in higher profitability," it added. The industry's profit before tax is expected to be USD 1.3 billion in this fiscal. "India's airport operators are forecast to register Rs 359.8 billion (USD 4.3 billion) in revenue for FY2025, representing a growth of 14.8 per cent y-o-y from FY2024," CAPA India said. Noting that airport infrastructure at metros and non-metros is ahead of demand, it said there is an ongoing USD 11 billion pipeline of investment, including in Tier 2 and Tier 3 airports. SEE ALSO:<a href="https://www.businessinsider.in/tech/news/computex-2024-intel-debuts-lunar-lake-chips-with-focus-on-microsofts-ai-ambitions-for-pcs/articleshow/110745670.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/computex-2024-intel-debuts-lunar-lake-chips-with-focus-on-microsofts-ai-ambitions-for-pcs/articleshow/110745670.cms" target="_blank">Computex 2024: Intel Debuts Lunar Lake Chips With Focus On Microsoft’s AI Ambitions For PCs</a><a href="https://www.businessinsider.in/business/auto/news/may-auto-sales-tata-motors-and-hyundai-continue-to-fight-for-the-second-spot-as-car-sales-grow-by-4/articleshow/110649713.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/may-auto-sales-tata-motors-and-hyundai-continue-to-fight-for-the-second-spot-as-car-sales-grow-by-4/articleshow/110649713.cms" target="_blank">May Auto Sales – Tata Motors and Hyundai continue to fight for the second spot as car sales grow by 4%</a><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-june-2024/slidelist/110591467.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-june-2024/slidelist/110591467.cms" target="_blank">Upcoming cars and two-wheelers launching in India in June 2024</a>

Airport industry to see profit before tax of $1.3 billion this fiscal

Ten central trade unions on Monday said around 25 crore people will participate in a nationwide strike on January 8 to protest against the government's "anti-people" policies.
 Trade unions INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, AICCTU, LPF, UTUC along with various sectoral independent federations and associations had adopted a declaration in September last to go on a nationwide strike on January 8, 2020.
 "We expect participation of not less than 25 crore of working people in the forthcoming National General Strike on January 8, 2020, to be followed by many more actions seeking reversal of the anti-worker, anti-people, anti-national policies of the Government.
 "The Ministry of Labour has failed to assure on any of the demands of workers which called a meeting on January 2, 2020. The attitude of the government is that of contempt towards labour as we construe from its policies and actions," the 10 central trade unions (CTUs) said in a joint statement.
 About 60 organisations of students and elected office bearers of some universities have also decided to join the strike with an agenda to raise voice against increased fee structure and commercialization of education, it said.
 The trade unions condemned the <keyword id="8526257" type="UNKNOWN" weightage="20" keywordseo="JNU-violence">JNU violence</keyword> and similar incidents in other university campuses and expressed their solidarity with students and teachers all over India. The unions also expressed displeasure over no Indian Labour Conference being held since July 2015, codification of labour laws and privatisation of PSUs.
 "As many as 12 airports are already sold out to private hands, 100 per cent sale of Air India is already decided, decision to sell BPCL taken, BSNL-MTNL merger announced and 93,600 telecom workers already thrown out of jobs under the garb of VRS (voluntary retirement scheme)," it added.
 The unions are also against privatisation in railways, corporatisation of 49 defence production units and forced merger of banks.
 Joint platform of more than 175 farmers and agricultural workers unions will extend its support to workers' demands and observe January 8 as Gramin Bharart Bandh along with their charter of demands, they added. KKS KKS ANU
ANU

250 million Indians will join the Jan 8 strike against privatisation - claim trade unions

New Delhi, Jan 6 () Ten central trade unions on Monday said around 25 crore people will participate in a nationwide strike on January 8 to protest against the government's "anti-people" policies.
 Trade unions INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, AICCTU, LPF, UTUC along with various sectoral independent federations and associations had adopted a declaration in September last to go on a nationwide strike on January 8, 2020.
 "We expect participation of not less than 25 crore of working people in the forthcoming National General Strike on January 8, 2020, to be followed by many more actions seeking reversal of the anti-worker, anti-people, anti-national policies of the Government.
 "The Ministry of Labour has failed to assure on any of the demands of workers which called a meeting on January 2, 2020. The attitude of the government is that of contempt towards labour as we construe from its policies and actions," the 10 central trade unions (CTUs) said in a joint statement.
 About 60 organisations of students and elected office bearers of some universities have also decided to join the strike with an agenda to raise voice against increased fee structure and commercialization of education, it said.
 The trade unions condemned the JNU violence and similar incidents in other university campuses and expressed their solidarity with students and teachers all over India.
 The unions also expressed displeasure over no Indian Labour Conference being held since July 2015, codification of labour laws and privatisation of PSUs.
 "As many as 12 airports are already sold out to private hands, 100 per cent sale of Air India is already decided, decision to sell BPCL taken, BSNL-MTNL merger announced and 93,600 telecom workers already thrown out of jobs under the garb of VRS (voluntary retirement scheme)," it added.
 The unions are also against privatisation in railways, corporatisation of 49 defence production units and forced merger of banks.
 Joint platform of more than 175 farmers and agricultural workers unions will extend its support to workers' demands and observe January 8 as Gramin Bharat Bandh along with their charter of demands, they added. KKS KKS ANU
ANU ANS
ANS

25 crore people likely to participate in nationwide strike on Jan 8: Trade unions

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>Good morning! Here are the 10 major things you need to know in markets today.
Syriza Won A Massive Victory In Greece. <a href="http://uk.businessinsider.com/greece-votes-in-crucial-election-2015-1#ixzz3PuGZdics">With the vast majority of the votes counted, Greece's anti-austerity Syriza party has taken 36% of the vote at the General Election, about 8% more than the governing conservatives</a>. The latest official projection from the Interior Ministry gives the party 149 seats in the 300-seat parliament - two short of a majority, but more than analysts expected them to manage.
The Win Pushed The Euro To New 11-Year Lows. Near midnight GMT (7:00 p.m. ET) on Sunday, <a href="http://uk.businessinsider.com/euro-falls-after-syriza-victory-2015-1#ixzz3PuHjmsOY">the euro was down to as low as 1.1112 against the US dollar, a new 11-year low for the currency</a> which was slammed last week after the European Central Bank announced a new quantitative easing program.
And Oil Fell Back Below $45. <a href="http://uk.businessinsider.com/futures-crude-oil-lower-on-sunday-2015-1#ixzz3PuJ4x2YR">At around midnight (7:05 p.m. ET), the price of West Texas Intermediate crude oil was down another 2.5% to $44.45 a barrel</a>. It's now back to $45, while Brent crude sits at $48.26 per barrel.
Asian Markets Are Down A Little. Japan's Nikkei dropped 0.25%, while Hong Kong's Hang Seng is currently down 0.16%. The Shanghai Composite index is up 0.24% just ahead of the close. 
Japan's Trade Deficit Hit A Record $109 Billion In 2014. The shortfall of 12,781 billion yen ($109 billion) <a href="http://www.businessinsider.com/afp-japan-trade-deficit-expands-to-a-record-109-bn-in-2014-2015-1#ixzz3PuJuDdqj">was up 11.4 percent from the 2013 deficit and the worst since records began in 1979, according to the finance ministry</a>. In December alone, however, the deficit almost halved from the year before's level to 660.7 billion yen, thanks to lower oil prices.
German Confidence Figures Are Coming. At 9:00 a.m. GMT (4:00 a.m. ET) Germany's IFO index of private sector confidence is out for January, which should give some insight into the country's business climate. Analysts are expecting a modest improvement. 
Spain Is Privatising Some Of The World's Largest Airport Operator. <a href="http://www.businessinsider.com/afp-spain-to-list-worlds-largest-airport-operator-aena-2015-1#ixzz3PuLmowOn">The Spanish government said Friday it would float a section of the world's largest airport operator AENA </a>as part of a much-delayed privatisation of the firm, Europe's first major stock market listing of the year. 
Analysts Are Looking To The Fed On Wednesday. <a href="http://uk.businessinsider.com/monday-scouting-report-jan-26-2015-2015-1">Analysts are getting ready for the Federal Reserve's latest monetary policy decisions on Monday</a>, and central bank meetings in Israel, Hungary, Thailand, Malaysia, South Africa, Mexico, Colombia, Russia could bring in another round of worldwide easing this week. 
President Obama Is In Talks In India With Prime Minister Modi. <a href="http://www.businessinsider.com/r-unlikely-buddies-obama-and-modi-aim-high-on-india-trip-2015-1#ixzz3PuNRwCEE">The two sides have worked to reach agreements on climate change, taxation and defence cooperation in time for the visit</a>. Talks on a hoped-for deal on civil nuclear trade went down to the wire with no clear solution at the weekend. Obama will be the first US President to attend India's Republic Day today. 
Volkswagen Are Recalling 80,000 Audis. <a href="http://www.businessinsider.com/r-volkswagen-to-recall-80000-audis-35000-in-china-2015-1#ixzz3PuO6fNqk">German car maker Volkswagen AG will recall 80,000 cars from its luxury division Audi due to issues with the fuel injection system</a>, Audi said on Saturday, adding that around 35,000 of the affected vehicles are from China.

You Searched For "airport privatisation" and got 10 results

Govt Reviewing Airport Privatisation To Control High User Charges

BI India Bureau

Govt Rules Out Immediate Privatisation Of Air India

BI India Bureau

Adani group, AAI ink pacts for managing three airports

PTI

Govt measures will provide positive sentiment for civil aviation sector: Experts

PTI

Nearly three-quarters of airports in India ran a loss last year

BI India Bureau

GMR-Megawide racing with six others to acquire 5 airports worth USD 2.4 billion

BI India Bureau

Airport industry to see profit before tax of $1.3 billion this fiscal

PTI

250 million Indians will join the Jan 8 strike against privatisation - claim trade unions

PTI

25 crore people likely to participate in nationwide strike on Jan 8: Trade unions

PTI

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