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Govt okays privatisation of Kolkata, Chennai airports

Govt okays privatisation of Kolkata, Chennai airports

To bring in private operators to run airports, the Union government on July 4 approved privatisation of the Chennai and Kolkata airports, which are currently operated by the Airports Authority of India (AAI). Separately, AAI has sought approval from the government to raise Rs 1,000 crore through issue of tax-free bonds to develop 50 low-cost airports in the country. The inter-ministerial group decided to privatise the older terminals by bringing in a joint-venture partner to manage operations at

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Govt okays privatisation of Kolkata, Chennai airports

Govt okays privatisation of Kolkata, Chennai airports

To bring in private operators to run airports, the Union government on July 4 approved privatisation of the Chennai and Kolkata airports, which are currently operated by the Airports Authority of India (AAI). Separately, AAI has sought approval from the government to raise Rs 1,000 crore through issue of tax-free bonds to develop 50 low-cost airports in the country. The inter-ministerial group decided to privatise the older terminals by bringing in a joint-venture partner to manage operations at

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HC lets Badra Intl to start operation in Chennai, Kolkata

HC lets Badra Intl to start operation in Chennai, Kolkata

The Madras High Court on March 12 allowed private sector firm Badra International to commence its operation in ground handling services in Chennai and Kolkata airports. Dismissing a PIL, a Division Bench comprising Justices Elipe Dharma Rao and Aruna Jagadeesan noted that the Federation of Indian Airlines and other airline carriers had filed a similar petition in Delhi High Court and the same was dismissed.