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22 airports to get connected under regional connectivity scheme: AAI

Economic Times:  September 21, 2016

New Delhi: About 22 airports to get connected under regional connectivity scheme in the first phase, Airports Authority of India (AAI) Chairman G P Mohapatra told media persons today.

"In the first phase, there are 22 airports that are already in place and flights can start as and when airlines plan to," said Mohapatra.

About 22 airports include one is in Andaman Nicobar, three in Assam, two each in Gujarat, Uttar Pradesh, Punjab and Rajasthan.

As part of the plan, the government plans to connect these underserved airports to key airports through flights that will cost Rs 2,500 for per hour flight.

The government plans to provide subsidy to airlines to offer these fares.

Mohapatra also said that AAI would invest Rs 17,500 crore in upgrading airport infrastructure over a period till 2019-20.

"The amount we will invest will be generated through internal accruals. We may require to need money at a later stage and may raise money from outside," he added.

The money to be spent will be on upgrade in building airport terminals and expanding runways at many existing airports.

The money would also be invested in upgrading 30 smaller airports for regional flights.

AAI also plans to build 50 no-frills airports across the country.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

x IBEF : India Brand Equity Foundation