Tangible economic gain to AAI on leasing out six airports under PPP: Govt

MUMBAI: Amid persisting concerns in certain quarters about leasing out of six airports, the government on Wednesday told the Rajya Sabha that Per Passenger Fee (PPF) was the bidding parameter and based on the PPF offered by the winning bidder for these aerodromes, A AI will earn Rs 904 crore profit in 2020-21.

Recently, the Airports Authority of India awarded six airports -Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru -- for operations, management and development under Public Private Partnership for 50 years. "The PPF was the bidding parameter. It was estimated that on the basis of the PPF offered by the winning bidder for six airports, A AI will earn a profit of Rs 904 crore for 2020-21 as against estimated profit of Rs 530 crore had it been operated by A AI," Minister of State for Civil Aviation Hardeep Singh Puri said.