Business Standard

Airport privatisation gets a fillip as Lok Sabha passes AERA bill

Move to club smaller loss-making AAI-run airports with larger ones being done as it was felt privatising larger airports would leave AAI with only small loss-making airports

Airport, aviation, air travel, airlines
Premium

Photo: Bloomberg

Aneesh Phadnis Mumbai
The Lok Sabha on Thursday passed the Airport Economic Regulatory Authority (AERA) Amendment Bill paving the way for privatisation of a small loss making airport by clubbing it with a larger airport.

The amendment bill was introduced by civil aviation minister Jyotiraditya Scindia and passed amid din in the lower house. It proposes to modify the definition of a major airport under the AERA Act 2008 and will have to be passed by the Rajya Sabha for the amendment to come into effect.

The move to club smaller loss-making Airport Authority of India (AAI)-run airports

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in