Airports Authority of India plans Rs 4,000-cr capital expenditure in FY24

Building 2 greenfield airports, upgrading 23 existing ones

The Airports Authority of India (AAI) plans to spend Rs 4,000 crore in 2023-24 (FY24) to build two greenfield airports and upgrade 23 existing ones.
 
The planned capital expenditure (capex) will assist those Indian carriers that plan to add more than 130 planes in FY24 to handle the country’s air traffic boom. However, the FY24 capex will be 22.71 per cent lesser than the preceding financial year’s Rs 5,175 crore.
 
When asked if it plans to raise funds externally to support its capex plan for FY24, the AAI responded that “most capex” for the current financial year is