Insta
Govt Likely To Privatise 10 Airports In Third Phase Of Airport Privatisation
Swarajya Staff
Feb 05, 2021, 09:32 AM | Updated 09:32 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
In the third phase of airport privatisation, the government is set to begin the awarding process of up to 10 airports in the country, reports Economic Times.
According to the report, the Airports Authority of India (AAI), under the plan, is mulling on selling loss-making airports along with a profitable one.
"AAI is examining giving non-profitable airport and profit making airports as a package. We could see six to 10 airports being taken up,” Pradeep Kharola, Civil Aviation Secretary, was quoted as saying.
"The airports will be given to the private sector for a 50 years," Kharola said.
Kharola gave the information interacting with media on Thursday (4 February) on the aviation-related key points in Budget 2021.
He said that budget had provided an increase of 35 per cent at Rs 600 crore for the regional connectivity scheme.
Kharola added that the Budget had provided several tax incentives for aircraft leasing companies to set up their operations in GIFT city in Ahmedabad.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.