Indian airports are likely to incur a revenue loss of Rs 650 crore per annum and could potentially turn defaulters if the commerce ministry’s proposals on the sale of liquor and cigarette at duty-free shops are accepted, an industry body warned on Tuesday.
The Association of Private Airport Operators (APAO) in a statement said that if non-aero revenues are restricted by an act of government, the new operators will find the airports unviable and may even renege on their contracts.
Flughafen Zurich AG, which is one of the largest European airport operators, has just re-entered the domestic airport space, bagging the contract for the greenfield Jewar Airport in UP while Adani group has been mandated to run six AAI-owned airports in the country.
