BS READS: Rs 10,000-cr hit behind govt plan to sell Delhi, Mumbai airports

With the golden geese laying golden eggs no more, the Modi government's decision to sell Delhi and Mumbai airports could well save it from flogging a dead horse in the coming years

Topics
BS Reads | Airports | Delhi airport

Sai Manish  |  New Delhi 

As the central government makes it clear that it will sell Airport Authority of India’s (AAI’s) stake in Mumbai, Delhi, Bengaluru, Hyderabad and various other airports to private players, some details that are emerging paint a distressing picture of factors that may be necessitating this sale.

AAI could potentially be staring at lost revenues to the tune of over Rs 10,000 crore from Delhi and Mumbai airports in the next few years due to the impact of the Covid-19 pandemic on the aviation industry. GMR-owned Delhi and Adani-owned Mumbai airport account for over 90 per cent of ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, March 23 2021. 10:38 IST
RECOMMENDED FOR YOU
.