After the Airports Economic Regulatory Authority (AERA) revised the airport tariffs, the Airports Authority of India (AAI) is expecting a net profit of Rs 1,500 crore this fiscal on account of increase in revenue.
AAI said that it expects to earn a net profit of Rs 1,500 crore as it has seen improvement because of new increased tariff regime of AERA. AAI claimed that the State-run airport operator would not lose any revenue on account of privatisation of six airports, including Kolkata and Chennai which were recently modernised by it. AAI employees and several major political parties have been opposing the government´s attempt to privatise the AAI-run airports. The move has also been opposed by a parliamentary committee which has recommended that AAI should enter into management contracts with global airport management firms, instead of merely handing them over to private parties.
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