Civil aviation ministry to privatise 25 more AAI airports across India

18 Dec 2021 CW Team

The Minister of State for Civil Aviation, V K Singh, informed the Lok Sabha that the government had selected 25 airports operated by the Airports Authority of India (AAI) for monetisation under the National Monetisation Pipeline in the next four years.

These airports are Kozhikode, Coimbatore, Madurai and Trichy. The Kozhikode airport is located 28 km away from the city. It has extended its runway to 2,700 m. This airport is among the third tabletop airports in India.

The government has selected those airports which have annual passenger traffic of over four lakh. In 2019-20, the Kozhikode airport had passenger traffic of 32,29,910.

In 2020 after Air India overshot the runway and plunged into a 35-foot gorge, killing 21 people and 84 injured, operations of the wide-bodies aircraft were suspended. It was banned from 2015, and the Directorate of Civil Aviation issued a no-objection certificate (NOC) with stringent conditions in 2018.

Former Director-General of the Civil Aviation, E K Bharat Bhushan, said that the airport disinvestment could improve efficiency. It can also accelerate development in Malabar. The short runway of the Kozhikode airport is the drawback, and its land acquisition has been challenging.

Image Source

Also read: Govt to complete privatisation of 13 airports by end of FY22

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..