AAI earned INR 13,439 crore profit from Delhi and Mumbai airports in 5 years

State-owned Airports Authority of India (AAI) received revenues worth around INR 13,439 crore from Delhi and Mumbai airports in the last five financial years, according to the civil aviation ministry.

Under Public-Private Partnership (PPP), Delhi and Mumbai airports were handed over to the private partners in 2006.

“During the last five years i.e. from 2016-17 to 2020-21, AAI has received revenues of approximately INR 8,093 crore from Delhi airport, INR 5,346 crore from Mumbai airport,” Minister of State for Civil Aviation V K Singh told Lok Sabha.

AAI earned INR 13,439 crore profit from Delhi and Mumbai airports in 5 years

Besides, three airports – Ahmedabad, Lucknow and Mangaluru were handed over to the Adani Group in October-November 2020. Three other airports – Jaipur, Guwahati and Thiruvananthapuram were given to it in October 2021.

ALSO READ – Jaipur International Airport has been taken over by the Adani Group

In a written reply, Singh said the private partners of these six airports have paid approximately INR 331 crore to AAI as Per Passenger Fee (PPF) till January 2022.

As per the National Monetisation Pipeline (NMP), 25 airports of AAI have been earmarked for monetisation over the 2022 to 2025 period.

“AAl has also received an amount of INR 1,888 crore till 15.03.2022 in the form of upfront fee towards the capital expenditure incurred by AAI at these airports,” the minister said.

ALSO READ – Centre to privatise 25 airports in next 3 years

As per the National Monetisation Pipeline (NMP), 25 airports of AAI have been earmarked for monetisation over the 2022 to 2025 period.

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