M&A

M&A

13 airports get nod for privatisation via clubbing model

Business Standard  

The board of Airport Authority of India has given approval to privatise 13 airports. This is the first major asset monetisation exercise by the government as part of the National Monetisation Pipeline. The AAI board has approved privatisation of six major airports - Bhubaneshwar, Varanasi, Amritsar, Trichy, Indore, Raipur - along with seven smaller ones in Jharsuguda, Gaya, Kushinagar, Kangra, Tirupati, Jabalpur and Jalgaon. The smaller airports will be clubbed with the six major airports for scale and size, thereby making it attractive for investors. While Jharsuguda airport will be bundled with Bhubaneswar, Kushinagar and Gaya airports will be clubbed with Varanasi. Kangra, Amritsar, Jalgaon and Trichy airports will be clubbed with Raipur Jabalpur, Indore, and Tirupati airports, respectively. The government is aiming for private investment of Rs 3,660 crore in airports by FY24.