Govt Reviewing Airport Privatisation To Control High User Charges
Advertisement
Advertisement
In order to insulate airlines and passengers from high user charges, the “We need to consider our learnings from the airport contracts awarded in the past,” a senior ministry official said. “One concern raised by stakeholders is the cost of turnaround of an aircraft. The turnaround cost for a jet is around $6,000 at an Indian private airport, whereas it costs $2,300 at Changi (Singapore) airport. We need to ensure privatisation does not increase the cost of the airport,” he added.
The Civil Aviation Ministry will seek approval from an inter-ministerial group to give management contracts at six airports: Chennai, Kolkata, Lucknow, Guwahati, Jaipur and Ahmedabad.
The ministry is also taking stock of the views expressed by the Comptroller and Auditor General on privatisation of Delhi and Mumbai airports. “We are looking into these concerns. All this will be debated in the inter-ministerial group,” the official added.
The United Progressive Alliance government had initiated the process to award management contracts for these airports in 2013.
Advertisement
Advertisement
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market