The ministry of civil aviation will move a Cabinet note on privatisation of metropolitan airports this week, proposing the creation of joint venture companies with the Airports Authority of India holding 5 per cent stake.
According to senior officials, the civil aviation ministry has received comments on its proposal from the ministries of home affairs, finance and law.
The ministry had suggested that privatisation could be achieved either through a concession agreement with a private player or through a joint venture company.
Ministry officials said the law ministry had objections to the concession agreement route.
