Government sticks to UPA's plan; will privatise 4 airports despite protests

Ignoring protests against rampant privatization of airports, the civil aviation ministry on Wednesday decided to go ahead with a plan formulated by the previous UPA government and called for financial transaction consultants to scout for private parties to invest in Kolkata, Chennai, Jaipur and Ahmedabad airports.
In September 2012, the UPA government had decided to allow private parties to pick up stakes in the operation and management of six airports through the public-private partnership (PPP) model. Certain sections of airport staff, trade unions and even a few airlines have been dead against privatization through PPP ever since. Airports Authority of India (AAI) staffers in Mumbai and other parts of the country form a chunk of this group.
Last month, the AAI top rung had invited Request For Qualification (RFQ) from domestic and overseas private firms to hand over the management, operation and development of the four airports.
The government's decision is being severely criticised by some airlines and trade union bodies as it is likely to lead to a massive hike in airport charges, which will in turn be detrimental to passenger growth in the country. AAI staffers said that the government had already concurred over an expenditure of Rs 5,000 crore on the airports meant to be privatized.
Read more at: http://www.dnaindia.com

Comments

Popular posts from this blog

Vistara Domestic Premium Economy vs. Economy – Is The Upgrade Worth It?

Why the Airbus A340 Has A Middle Landing Gear

Preparing To Start Domestic Flight Operations Within A Week: Civil Aviation Minister Hardeep Puri