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Merger And Acquisitions | September 01, 2013
#38588

Centre to offer 100% stake to private parties at six airports

With an open offer of 100 per cent stake to private companies for airport management, the Union Ministry of Civil Aviation will soon float request for qualification (RFQ) document for six airports, including the recently refurbished Chennai and Kolkata airports.    

Sources in the Aviation Ministry said the RFQ for Kolkata and Chennai airports along with four others — Guwahati, Jodhpur, Ahmedabad and Kolkata — would also be issued in the next few weeks.    

These airports would be given on a concessional basis to private parties for a period of 30 years and the Airport Authority of India (AAI) may not have equity participation as we are open to giving 100 per cent stake to private parties, the sources in the Ministry added.

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