December 29, 2014 8:25 AM ET

Transportation Infrastructure

Company Overview of Cochin International Airport Ltd.

Company Overview

Cochin International Airport Limited operates an airport in Cochin, India. Its facilities and services comprise passenger facilities, accommodation, a shopping arcade, transportation, medical aid, and security services. The company also operates a center for handling perishable cargo; provides aircraft maintenance, repair, and overhaul services; and engages in the development of a golf course and a country club. In addition, it operates an aviation training institute for imparting training to pilots, cabin crew, engineers, and technicians for in-flight and ground support. Cochin International Airport Limited was incorporated in 1994 and is based in Cochin, India.

Kochi Airport

Cochin,  683 111

India

Founded in 1994

Phone:

91 48 4261 0115

Fax:

91 48 4261 0012

Key Executives for Cochin International Airport Ltd.

Executive Director of Finance and Company Secretary
Director of Operations
Managing Director - In Charge
Deputy General Manager of Personnel and Administration
Deputy General Manager of Civil Engineering
Compensation as of Fiscal Year 2014.

Cochin International Airport Ltd. Key Developments

Cochin International Airport Ltd. Reports Earnings Results for the Year 2014

Cochin International Airport Ltd. reported earnings results for the year 2014. For the period, the company’s net profit was INR 1.2437 billion, an increase of 11.68% from the previous financial year. The total earnings for the year were at INR 3.6139 billion, a 17.9% growth.

Cochin International Airport Ltd Announces Earnings Results for the Year 2014

Cochin International Airport Ltd. announced earnings results for the year 2014. For the year, the company has posted 11.68% growth in net profit at INR 1,244.2 million. The company has also increased its total revenue margin by 17.9% during the period to touch INR 3,613.9 million.

High Court Refused To Give An Extension To Interimstay On Chennai Airport Sale

The Madras High Court has refused to give an extension to the interimstay, which was given on January 30, against the Government's decision to privatise the Chennai International Airport. On January 29, 2014 the Madras High Court has granted an order of interim injunction, from proceeding any further with regard to the Request for Qualification (RFQ) invited from private parties for the management of Chennai Airport. The injunction was extended on February 5, 2014 to February 6, 2014 and a counter affidavit has been filed on behalf of the third respondent. On February 10, 2014 P Wilson, Additional Solicitor General, had made a representation that because of the interim order, the work at Airport has come to stand still and he insisted for early hearing of the injunction application. Petitioner's counsel have requested to adjourn the matter to first week of March 2014. But Wilson opposed it stating that his arguments may be heard. However the petitioner's counsel insisted for making submission on either side on first week of March 2014. "Since the Counsel for the petitioner is not ready for arguments, this matter stands adjourned to March 5, 2014. It is made clear that the interim injunction, already granted and subsequently extended, is no textended today," said in the Order. In January the Court gave an interim stay, restraining the Governmentof India, Airports Authority of India and others from proceeding on the RFQ invited from private parties. Some of the companies which have shown interest in the Chennai project include Fraport AG (XTRA:FRA); Cochin International Airport Ltd.; GVK Power and Infrastructure Limited (BSE:532708); Çelebi Holding, as; IL&FS Transportation Networks Limited (BSE:533177); GMR Airports Holding Limited; Sahara India Pariwar Ltd.; Essel Infraprojects Ltd.; and Essar Projects (India) Limited. The employees union says that the employees would lose job security if the facility is privatised, even as the government has assured thatno jobs will be lost due to the privatisation. The Union has also conducted relay hunger strike in connection with the Airport Privatisation, later. The employees union says that the authority has recently completed two new terminals with a total investment of over INR 20 billion and privatising at this point of time would increase the user development fee and airport development fee for the customers.

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