August 01, 2014 11:36 AM ET

Commercial Services and Supplies

Company Overview of Airports Authority of India

Company Overview

Airports Authority of India (AAI) controls and manages the Indian Airspace and assists in developing the operational, terminal, and cargo facilities at airports. The organization’s services include air space and air traffic management, designing aircraft hangars, training of airport personnel, flight calibration, and conducting national and international projects. It manages more than ten international airports, 80 domestic airports, and 25 civil enclaves. AAI was formed by the merger of International Airports Authority of India and the National Airports Authority. The organization was founded in 1995 and is based in New Delhi, India.

Rajiv Gandhi Bhawan

Safdarjung Airport

New Delhi,  1100 03

India

Founded in 1995

18,573 Employees

Phone:

91 11 2463 2950

Key Executives for Airports Authority of India

Executive Director of F & A
Member of Operations and Director
Member of Human Resource
Executive Director of CA & CS and Executive Director
Member of Planning and Director
Compensation as of Fiscal Year 2014.

Airports Authority of India Key Developments

AAI Seeks Fresh Request For Chaudhary Charan Airport Privatization

The proposed privatization of Chaudhary Charan Singh International Airport has moved a step further with the Airports Authority of India (AAI) seeking fresh request for qualification (RFQ) by May 31, 2014. Sought by May 31, 2014, the RFQ comes up categorically with detailed requirements a private party will have to undertake in renovating the Lucknow airport. According to the document, the private company will have to spend around INR 5 billion to renovate the existing terminal building which got constructed in 2009 at an estimated cost of around INR 2 billion. The RFQ document goes on to say that the concessionaire will be required to re-carpet the runway, construct three additional hangars, expansion of terminal building, construct boundary wall, a new cargo terminal and relocate the car park. Besides, the private company will also be required to construct a perimeter road and strengthen the existing perimeter road inside operational area. Also, a new fire station, an administrative block and an CISF barrack will also be required to be constructed by the company. "The scope and cost, however, may be modified at the bidding stage. The investment is expected to be made within a period of three to four years in accordance with details to be provided at the bidding stage," the document said. This is for the fourth time the date of inviting RFQ has been extended by the AAI. First, it was due to lack of interest shown by private parties and then because the model code of conduct of the election commission came into force. Not surprisingly, the development, however, has set off fresh resentment amongst airport employees who have been seeking cancellation of any such move by the ministry of civil aviation. Some of them, in fact, claim Lucknow MP Rajnath Singh, who is now Union home minister, had promised them the "government property will not be allowed to be sold off"."We had also met Narendra Modi during the electioneering days. He too had promised to take up the case,'' said AAI employee union president, Vivek Pandey.

AAI Further Postpones Privatization Of Airports

The bidding process for the privatization of the city airport has been postponed till May end, yet again. This is the fifth postponement since November 2013, when the process of privatization had formally begun. The due date of application for the request for qualification was pushed earlier from January-end to February 17 for four airports at Chennai International Airport Netaji Subhas Chandra Bose International Airport, Lokpriya Gopinath Bordoloi International Airport, and Chaudhary Charan Singh International Airport and to February 12 for Sardar Vallabhbhai Patel International Airport and Jaipur International Airport. These dates in February were further postponed to March 17, then to April 15 and now the last date has been moved to May 31. More than 15 companies had shown interest in taking up operations and maintenance of Sardar Vallabhbhai Patel International Airport including Adani Enterprises Limited (BSE:512599) and Sadbhav Engineering, Ltd. (BSE:532710). Representatives of 10 companies had also visited the airport in December. According to sources, there are still issues pertaining to agreement which is to be signed between the selected private party, AAI and civil aviation ministry. "The response by the private companies to the privatization has not been very encouraging especially for Lucknow and Guwahati thus delaying the process," said an Airports Authority of India official. "Also there are less chances of privatization being among the first priorities of new government which may further delay the process," added AAI official.

AAI Further Extends Privatization Of Six Airports

Airports Authority of India (AAI) has postponed privatization of the operation and management of Chennai International Airport, Lokpriya Gopinath Bordoloi International Airport, Jaipur International Airport, Chaudhary Charan Singh International Airport, Netaji Subhas Chandra Bose International Airport and Sardar Vallabhbhai Patel International Airport due to ongoing general elections. AAI official said, "We currently have about 30 bidders, both domestic and international players, who are interested to bid for the airports".

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Airports Authority of India, please visit www.airportsindia.org.in. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.