March 27, 2017 2:04 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,  110003

India

Founded in 1995

17,465 Employees

Phone:

91 11 2463 2950

Key Executives for Airports Authority of India

Acting Chairman and Member of Planning
Executive Director of Finance & Accounting
Executive Director of Corporate Affairs and Company Secretary
Executive Director of HR and Director
Regional Executive Directors of Eastern Region
Compensation as of Fiscal Year 2016.

Airports Authority of India Key Developments

AAI Mulls Partial Privatization Of Ahmedabad And Jaipur Airports

Airports Authority of India plans to partially privatize two of its airports, Jaipur International Airport and Sardar Vallabhbhai Patel International Airport. AAI intends to complete the process this fiscal, for which proposals have already been invited from the interested parties. Under the plan, which also involves relocation of workforce and equipment, the terminal operations at the two airports would be handed over to private players, Airports Authority of India chairman Guruprasad Mohaptara said. "We essentially are trying to handover terminal management of Ahmedabad and Jaipur airport to a private operator. There we are expecting to relocate all our manpower and existing equipment," Mohapatra said.

Airports Authority of India Announces Earnings Results for the Year 2016

Airports Authority of India announced earnings results for the year 2016. For the year, the company reported 16.57% year over year rise in its revenue to INR 108,240 million. Net profit was up by almost 30% to INR 25.370 million.

Airports Authority of India to Form Joint Venture with Indian Oil Corporation, Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited

Airports Authority of India announced that it is planning to form a joint venture (JV) with Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL) to set up fuel supply infrastructure at AAI-run airports. AAI is engaged in the design, development, operation and maintenance of international and domestic airports and civil enclaves. IOC is a downstream oil company. HPCL is engaged in refining and marketing of oil products. BPCL is engaged in the refining, processing and distribution of petroleum products. As part of the transaction, AAI would own a 25% stake and IOC would own a 37.5%, while the remaining 37.5% will be shared equally between HPCL and BPCL.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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