Government has decided to sell the remaining stake of Airport Authority of India's (AAI) in Delhi, Mumbai, Bengaluru and Hyderabad airports.
The airports being already privatized, the step is in the direction of Rs 2.5 lakh crore asset monetization vowed by government.
13 more airports have been identified for privatization in 2021-22 fiscal, two people aware of deliberations at Empowered Committee of Secretaries last month said.
The Ministry of Civil Aviation will obtain requisite approvals for divestment of equity stake of AAI in the respective joint ventures running Delhi, Mumbai, Bengaluru and Hyderabad airports, they said adding the issue is likely to go to the Cabinet for approval in the next few days.
For the 13 AAI airports identified for privatization, the possibility of clubbing of profitable and non-profitable airports will be explored to make more attractive packages, sources said.
In the first round of airports' privatization under the Narendra Modi government, the Adani Group bagged contracts for six airports — Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati — last year. The AAI, which works under the Ministry of Civil Aviation, owns and manages more than 100 airports across the country.
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