The Airport Authority of India (AAI) has announced that it will develop 50 new low-cost airports over the next ten years to tackle the country’s growing air traffic.
The AAI plans to phase out the build-up of these airports in the next ten years to reduce operation costs.
Go deeper with GlobalData
AAI operations member G K Chaukiyal said: "The cost of operation of the airports and airlines has increased exceptionally and thus their economic viability is a major concern.
"Only ten airports in the country are profitable. The low-cost airlines in smaller cities will also strengthen connectivity."
Chaukiyal also urged state governments to support the plan by making the required land available.
See Also:
AAI is also currently working on installing communication, navigation and surveillance systems at all major Indian airports to ensure airspace safety.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
