With an objective to finance modernisation of non-metro airports, State-run Airports Authority of India (AAI) on October 31 said that it will soon approach the Union Finance Ministry afresh with the proposal to raise funds through a Rs 3,000-crore infrastructure bonds.
This was stated by AAI Chairman VP Agarwal on the sidelines of the Capa India Aviation summit in Mumbai. The PSU has long been requesting the government to allow it raise Rs 3,000 crore through bonds.
Agarwal said that AAI requires funds to upgrade 2-tier and 3-tier airports or the secondary airports in the metros. Since these airports are not viable, AAI need low-cost financing.
On the dues from the grounded Kingfisher Airlines, Agarwal said the airline’s proposed revival plan should have the consent of the AAI. Kingfisher will have to talk about clearing of our dues in the plan. And it should be acceptable to AAI as well, he added.
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