Facts: India's airports, aviation sector
The Govt will hand over control and management to joint ventures of the respective groups, but will retain a 26% stake in both airports.india Updated: Feb 03, 2006 17:03 IST
Flights were on schedule in India on Thursday, the second day of protests by thousands of airport workers opposing a government decision to privatise run-down airports at New Delhi and Mumbai.
Union cabinet approved on Wednesday financial bids to privatise the two hubs, the country's busiest.
The bid to revamp the New Delhi airport was awarded to a consortium led by India's GMR Group and German airport operator Fraport on Tuesday.
The Mumbai airport was awarded to a group led by India's GVK Industries Ltd., and the Airports Company of South Africa.
The government will hand over control and management to joint ventures of the respective groups, but will retain a 26 per cent stake in both airports.
Following are some details on various airports and the civil aviation industry in India.
-- India, Asia's third largest economy, has 450 airports and airstrips including those managed by the defence services and private companies.
-- The state-run Airports Authority of India (AAI) manages 125 of them. These include 11 international airports, 77 domestic airports, 9 airports for the customs department and 28 civilian enclaves at defence airfields.
-- Passenger traffic at these airports crossed 50 million till March 2005. Traffic growth is estimated at 12 per cent each year between now and 2009.
-- More than 85 per cent of total passenger traffic was handled by 10 airports, which generate 80 per cent of AAI's revenue.
-- Delhi and Mumbai, the two major gateways, account for 49 per cent of total passenger traffic and 33 per cent of total revenue.
-- Only 11 airports are profitable.
-- The Delhi airport handled 10.4 million passengers in the year ending March 2004, and the Mumbai airport saw 13.28 million travellers.
-- Passengers often face long queues, delayed flights and inadequate service standards during peak hours in most airports.
-- The government estimates up to 200 billion rupees is needed over the next five years to bring Delhi and Mumbai airports to international standards.
-- Indian carriers have been furiously expanding operations over the past two years, and new airlines have emerged because of booming demand for air travel. Indian companies have placed orders for new planes worth more than $10 billion.
First Published: Feb 02, 2006 17:19 IST