AAI to soon exit government's joint venture airports

23 Sep 2021 CW Team

The Airports Authority of India (AAI) will begin to exit the joint venture (JV) airports with the government planning to divest its stakes in the airports.

In Delhi and Mumbai, AAI has a 26% stake and 13% in Hyderabad and Bengaluru.

According to the sources, the Ministry of Aviation has moved a cabinet note, seeking approval to divest AAI's stake and start with Hyderabad and Bengaluru first, followed by Mumbai and Delhi.

Earlier this month, AAI planned the privatisation of 13 or more airports by cubbing the small seven airports with the six large airports.

According to Niti Aayog's National Asset Monetisation Pipeline, the government plans to raise Rs 20,782 crore by aviation assets in FY22-25 by privatizing 25 AAI airports and selling AAI's stake in JV airports.

According to a document, out of the total, Rs 10,000 crore of monetisation value are being considered based on the divestment of AAI stake in JV airports. The same has been planned for FY22 and FY23. The actual selling of AAI stakes will depend on transaction timing, market conditions, and transaction terms. The asset monetisation value of Rs 10,782 crore in FY 22-25 have been considered on the estimated capex towards identified airports.

The overall airport monetisation accounts for about 18% of the AAI's total aviation assets. The airports have annual traffic of over 4 lakh in FY19, and 2020 have been considered.

For the first time, smaller airports have been clubbed with larger ones on a public-private partnership (PPP) basis, where the revenue share model of a private company expands and the ownership remains with the government.

These airports are privatised on a standalone model. The promoter of Mumbai Airport has the right to build Mumbai International Airport Limited that has won the bid.

Image Source

Also read: Nirmala Sitharaman launches National Monetisation Pipeline

Infrastructure Transport

17 Sep 2025

Titagarh Rail Systems Launches Third Diving Support Craft for Indian Navy

Titagarh Rail Systems (TRSL) marked another milestone in its shipbuilding journey with the launch of the third indigenously built Diving Support Craft (DSC) for the Indian Navy. The vessel is part of a series of five DSCs being constructed by TRSL under the Ministry of Defence’s Make in India initiative.The launch ceremony was graced by Kangana Berry, wife of Vice Admiral Suraj Berry, AVSM, NM, VSM, Commander-in-Chief, who performed the traditional naming and launch. The vessel was side-launched into the Hooghly River at 16:10 hrs.Diving Support Crafts are catamaran-type vessels designed wit..

Concord Control Systems Secures First Kavach 4.0 Order via Progota India

Concord Control Systems (CNCRD), a leading manufacturer of embedded electronic systems and critical electronic solutions, has secured its first order for Kavach 4.0 through associate company Progota India. Valued at Rs 190.45 million, the order represents the start of large-scale implementation opportunities for advanced railway safety systems in India.With this milestone, Concord will become one of the few railway companies to have a fully developed Kavach system approved for supply to Indian Railways. The next-generation Kavach has successfully advanced through the stringent approval journey..

Awfis Delivers 67,000 sq ft Innovation Hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the country’s first publicly listed workspace solutions platform, has added eBay to its growing list of prestigious global capability centre (GCC) clients. Awfis has designed, built, and will manage a ~67,000 sq ft innovation hub for eBay at Embassy Tech Village, Bengaluru, supporting the e-commerce leader’s AI-first commerce strategy.The new centre will function as a strategic hub, advancing artificial intelligence, engineering, product development, and applied research, while further strengthening eBay’s growth in..