• AAI likely to post all-time high revenue of Rs 10,000 crore

    National airports operator AAI is expected to report an all-time high revenue of Rs 10,000 crore, with an estimated flat profit growth in the fiscal ended March 31 this year.
    The estimated eight per cent growth in the topline which stood at Rs 9,285 crore in 2014-15, is driven by the surge in passenger traffic as well as aircraft movement, particularly from Ahmedabad and Leh airports, a senior AAI official said.
    The state-run Airports Authority of India (AAI) was accorded ‘Miniratna’ status in 2008, granting it the right to exercise its powers of autonomy in terms of investment in projects and forming joint ventures.
    Of the 125 AAI airports, currently 95 are operational, with 70 of them having scheduled flights.
    “While the accounts are still being finalised, we estimate the revenue to touch an all-time high of Rs 10,000 crore in the last fiscal. The net profit during this period is also estimated at Rs 2,000 crore,” the AAI official said. Lanny McDonald Womens Jersey

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