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Wednesday 18 December 2013

Parliamentary panel opposes privatisation of AAI-developed airports

New Delhi: A parliamentary panel today opposed the privatisation of six AAI-developed airports including Kolkata and Chennai, and charged the Civil Aviation Ministry with doing "a great disservice" by "using public property for private profits".
Instead of giving away the airports to the private sector "on a platter", state-run Airports Authority of India (AAI) should form a subsidiary or a special purpose vehicle to grant management contracts to entities having expertise in the field, the Standing Committee on Transport, Tourism and Culture recommended.
n its report tabled in Parliament, the committee said it was "dismayed that instead of strengthening AAI by giving it much needed financial and administrative autonomy to enable it to take its own decisions without being influenced/advised by either the Ministry or the Planning Commission, a decision to give our airports on platter to private parties was taken.
Read news in full 17/12/13 PTI/Economic Times

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