National airports operator AAI is expected to report an all-time high revenue of Rs10,000 crore, with an estimated flat profit growth in the fiscal ended March 31 this year.The estimated 8% growth in the topline which stood at Rs9,285 crore in 2014-15, is driven by the surge in passenger traffic as well as aircraft movement, particularly from Ahmedabad and Leh airports, a senior AAI official.
The state-run Airports Authority of India (AAI) was accorded ‘Miniratna’ status in 2008, granting it the right to exercise its powers of autonomy in terms of investment in projects and forming joint ventures. Out Of the 125 AAI airports, currently 95 are operational, with 70 of them having scheduled flights.
According to AAI last fiscal the net profit is also estimated at Rs2,000 crore. According to International Air Transport Association (IATA), India’s domestic air passenger traffic grew by a whopping 20.2 per cent in 2015 over the previous year, aided by higher economic growth and increase in number of flights across domestic airlines network.
1. Airports Authority of India (AAI)
2. International Air Transport Association (IATA)
So lets do:
1. Expand the AAI and IATA?
2. AAI Likely to post all time high revenue of ________.
3. Out Of the _____ AAI airports, currently ___ are operational, with 70 of them having scheduled flights.
Source – The Daily pioneer