AAI to spend Rs 20,000 cr in 5 yrs to upgrade, build airports

AAI had revenues of Rs 12,542 cr in FY17 against Rs 10,824 cr in the previous fiscal year

The Airports Authority of India (AAI) plans spend Rs 20,000 crore in the next five years to upgrade existing and build new airports across the country.

“Airlines have given a rough estimate: They will add about 200 planes in the near future. So we are also planning to ramp up capacity,” said AAI Chairman Guruprasad Mohapatra.

Budget airline SpiceJet ordered 100 planes last week. GoAir confirmed an order for 72 planes a few days before that. Indian airlines have ordered more than 700 planes. Some are adding as many as two planes a month.

“We’ll be spending Rs 2,500 crore