New Delhi: The Airports Authority of India (AAI) plans spend Rs 20,000
crore in the next five years to upgrade existing and build new airports
across the country.
“Airlines have given a rough estimate: They will add about 200 planes in
the near future. So we are also planning to ramp up capacity,” said AAI
Chairman Guruprasad Mohapatra.
Budget airline SpiceJet ordered 100 planes last week. GoAir confirmed an
order for 72 planes a few days before that. Indian airlines have
ordered more than 700 planes. Some are adding as many as two planes a
month.
“We’ll be spending Rs 2,500 crore in the next financial year. In
2016-17, capital expenditure was Rs 2,000 crore,” Mohapatra, an IAS
officer from the Gujarat cadre, had said.
The AAI had revenues of Rs 12,542 crore in FY17 against Rs 10,824 crore
in the previous fiscal year. Profit also went up by 22.8 per cent to Rs
3,115.93 crore. However, a significant portion of the profit was from
revenue sharing at Delhi and Mumbai airports.
10/11/17 Arindam Majumder/Business Standard
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