February 27, 2015 7:17 AM ET

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Company Overview of Airports Authority of India

Company Overview

Airports Authority of India (AAI) controls and manages the Indian Airspace and assists in developing the operational, terminal, and cargo facilities at airports. The organization’s services include air space and air traffic management, designing aircraft hangars, training of airport personnel, flight calibration, and conducting national and international projects. It manages more than ten international airports, 80 domestic airports, and 25 civil enclaves. AAI was formed by the merger of International Airports Authority of India and the National Airports Authority. The organization was founded in 1995 and is based in New Delhi, India.

Rajiv Gandhi Bhawan

Safdarjung Airport

New Delhi,  1100 03

India

Founded in 1995

18,573 Employees

Phone:

91 11 2463 2950

Key Executives for Airports Authority of India

Executive Director of F & A
Member of Operations and Director
Member of Human Resource, Member of P & A and Director
Executive Director of CA & CS and Executive Director
Member of Planning and Director
Compensation as of Fiscal Year 2014.

Airports Authority of India Key Developments

Govt Kicks Off Airport Privatisation

GMR Infrastructure Limited (BSE:532754) and GVK Power and Infrastructure Limited, Adani Ports and Special Economic Zone Limited (BSE:532921), Flemingo Duty Free Shop Pvt. Ltd., Siemens Postal Parcel & Airport Logistics Pvt. Ltd., Egis India Consulting Engineers Pvt. Ltd., Bhadra International India Pvt. Ltd. and Flughafen Zuerich AG (SWX:FHZN) may acquire a stake in four airports. The Government has decided to privatise four Airports Authority of India owned airports in Chennai, Kolkata, Jaipur and Ahmedabad. GMR and Essel Group have shown interest to participate in bids for all the four government-run airports, industry sources have said. Airport Authority of India has initiated the pre-bid process to short list bidders for the development of airports at Ahmedabad, Chennai, Jaipur and Kolkatta and companies will have to submit details for evaluation by March 24. Adani Group and Essel group did not respond to email query seeking comments. A senior AAI executive said the bid conditions have been finalized by the ministry. "Ideally the bidding consortium should have experience as an airport operator, but the current RFQ allows local infrastructure firms to find an airport partner after winning the bid. This is not good and we have to protect our interests at the bid stage."

Airports Authority of India Appoints Ravindra Kumar Srivastava as New Chairman

Mr. Ravindra Kumar Srivastava, a 1984 Jharkhand Cadre IAS officer is the new chairman of Airports Authority of India (AAI). Mr. Ravindra Kumar Srivastava, a 1984 Jharkhand Cadre IAS Officer, took over as chairman. Before taking over as chairman of AAI, he has been Principal Secretary to the Govt of Jharkhand in the Deptt. of Planning & Development and Energy after reverting from the Ministry of Home Affairs, Govt. of India where he was looking after the desk of J & K Affairs as Joint Secretary.

KIAL Unsure About Government's INR 2.6 Billion Investment Plans Through AAI

G Chanmdramouli, Managing Director of Kannur International Airport Limited has revealed that the company is still to learn from the Central Government about its final decision on its previous pledge of making INR 2.6 billion investments in the project via the Airports Authority of India. He has further said that company plans to sell its stake to the public in the event of Government s retracting of its commitment. The KIAL Managing Director stated, The Central government has intimated us that it will limit its participation in the project to INR 1 billion against INR 2.6 billion it had promised earlier for 26% stake. Mr. Chanmdramouli added, The Chief Minister and the Minister in charge of airports have taken up the matter with the Centre. We expect a favorable decision soon.

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