New Delhi: In a step towards listing profitable public-sector undertaking Airports Authority of India (AAI) on the bourses, the government has appointed former law secretary NK Chaturvedi as a consultant to recommend measures to hive off air navigation services (ANS) from the state-owned airport operator.
Chaturvedi has been mandated to firm up modalities to spin off air traffic control services from AAI, prior to it being listed on the bourses.
The move, sector experts said, will help unlock the potential to upgrade air traffic control systems in a fast-growing aviation market where safety standards lag behind global benchmarks. The proposed ANS Corporation will control route navigation facilities, terminal navigation and instrument landing systems autonomously, allowing AAI to focus on its core function of managing airports.
09/03/15 Sharmistha Mukherjee/Indian Express
Chaturvedi has been mandated to firm up modalities to spin off air traffic control services from AAI, prior to it being listed on the bourses.
The move, sector experts said, will help unlock the potential to upgrade air traffic control systems in a fast-growing aviation market where safety standards lag behind global benchmarks. The proposed ANS Corporation will control route navigation facilities, terminal navigation and instrument landing systems autonomously, allowing AAI to focus on its core function of managing airports.
09/03/15 Sharmistha Mukherjee/Indian Express
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