The 2021-2022 budget has been hailed as the most revolutionary since the path-breaking budget of 1991 when India liberalised its economy. On that basis, the government has started the third phase of airport privatisation and is all set to begin the process of awarding up to 10 airports in the country to private players, reports Economic Times.
According to the report, the Airports Authority of India (AAI), under the plan, is giving serious consideration on selling loss-making airports along with a profitable one.
“AAI is examining giving non-profitable airports and profit-making airports as a package. We could see six to ten airports being taken up,” Pradeep Kharola, Civil Aviation Secretary, was quoted as saying.
“The airports will be given to the private sector for a period of 50 years,” Kharola said.
This information was shared by the Civil Aviation Secretary while interacting with media on Thursday (4 February). On the aviation-related key points in Budget 2021 were an increase of 35 per cent at Rs 600 crore for the regional connectivity scheme has been allocated.
Kharola also mentioned that the new Budget provides several tax incentives for aircraft leasing companies to set up their operations in GIFT city in Ahmedabad.
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