Automobile

Privatisation of airports: here’s why patience will be the most prudent strategy for AAI

By Eduardo Saverin

A view of the Airports Authority of India building, at Indira Gandhi International Airport in New Delhi, India.

Synopsis

With rising incomes and increased propensity for travel and spending, India’s aviation sector has tremendous growth potential. Selling AAI’s stake in JV airports at this stage, even as the industry is recovering from the pandemic shock, could lead to unreasonably low valuations.

In its excellent and lucid report on National Monetisation Pipeline (NMP), NITI Aayog has made a comprehensive analysis of the proposed programme announced by Prime Minister Narendra Modi. In this article, we will focus on the airports sector. Apart from the 25 major airports under the Airports Authority of India (AAI), the NITI Aayog report says, “Divestment of AAI’s residual stake in four airport JVs (joint ventures) has also been considered

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Eduardo Saverin