Home NewsAuto Airport stakes: Government is in a hurry to sell its airports stakes. Here’s why it should just let the clock tick.

Airport stakes: Government is in a hurry to sell its airports stakes. Here’s why it should just let the clock tick.

by Marjorie

Passengers arrive at Sardar Vallabhbhai Patel Worldwide Airport in Ahmedabad, Gujarat on December 22, 2020.


Hit exhausting by the pandemic, the federal government has few choices however to promote its stakes in airports and monetise the land financial institution. However the important thing query is whether or not that is the correct time for an exit as a restoration in aviation appears to be like distant. Additionally, how will it impression passengers and airways? ET Prime does a deep-dive to seek out the solutions.

It was the early summer time of 2006. Because the mercury had began rising slowly after a pleasing spring, rigidity was brewing on the leafy headquarters of the Airports Authority of India (AAI) on the Safdarjung airport in New Delhi. The Congress-led UPA authorities had determined to privatise two of its crown jewels — the Delhi and Mumbai airports. The highly effective state-owned AAI employees’ union went on strike in protest and the state of affairs was so grave that the

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