• Airports Authority of India plans subsidiary to handle cargo

    Air cargo handling is expected to become efficient at Airports Authority of India (AAI)-owned airports, including Chennai, as the authority plans to hive off cargo operations and set up an logistics subsidiary called Air Cargo Corporation.
    The move for a subsidiary has got informal approval from the AAI board. However, a few officers feel it may impact the revenue of the public sector airport operator which earns 200 crore from cargo annually.
    AAI appointed a consultant to study the feasibility of the proposal. It suggested that cargo operations be run separately under the AAI board.
    Sources said AAI higher-ups believed that a separate entity with a dedicated staff and hierarchy would help boost cargo volumes. Adam Wainwright Authentic Jersey

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