January 31, 2015 8:08 PM 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
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

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.

Airports Authority of India To Reportedly Privatize Only Jaipur And Ahmedabad Airports

The government is going ahead with the privatization of only two airports - Ahmedabad and Jaipur - instead of the six originally planned, reported Times of India citing aviation ministry official. According to the civil aviation policy to be announced, the Kolkata and Chennai airports will be operated on management contracts awarded to private parties, while the privatization of Guwahati and Lucknow airports has been put on hold. A civil aviation ministry official, on condition of anonymity, said, "In the policy, we are announcing our airport privatization plans. Since the Airports Authority of India (AAI) has invested a lot of money in upgrading airports at Kolkata and Chennai they will be awarded on management contract." The official said that the policy would state that the airports in Jaipur and Ahmedabad will be awarded on public-private partnership. The official said, "The airports in Guwahati and Lucknow have been put off the list for the time being. We may decide to take it up at a later stage." A source in a private airport also echoed concerns over AAI staff. The source said, "While management contract is something that can be considered, managing AAI staff will be a difficult task. All these aspects need to be seen and a final decision can only be taken only after the policy is defined."

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