The airports in Jaipur, Thiruvanthapuram and Guwahati airports will be leased to private companies for development, operation and maintenance on a public-private partnership (PPP) model for 50 years, said the BJP led Modi government on Wednesday as it sought to open up the aviation sector, which has been hit hard by the coronavirus pandemic.
The three airports are part of the six airports won by the Adani group under a competitive bidding process.
It Should be noted earlier Adani group had in February 2019 signed a concession agreement with state-run Airports Authority of India (AAI) to manage airports in Ahmedabad, Lucknow and Mangalore but approval regarding the other three had been deferred.
Privatisation of airports, development of maintenance repair and overhaul facilities along with freeing up of defence airspace for passenger aircraft have been proposed as the government’s relief plan to support the aviation sector amid the pandemic.
Besides, inter-ministerial discussions are also under way for privatisation of six other airports viz Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy.