NEW DELHI: The Airports Authority of India (AAI) will soon start exiting the joint venture (JV) airports with the government deciding to divest its stake in them.
AAI has 26% stake each in Delhi and Mumbai JV airports and 13% each in Hyderabad and Bengaluru.
Sources say the aviation ministry has moved a Cabinet note, seeking the nod to divest AAI’s stake and the process will start with Bengaluru and Hyderabad first.
In the second phase, Mumbai and Delhi may follow.
The AAI Board had earlier this month cleared a plan to privatise 13 more airports by clubbing seven small airports with six big ones which are going to be bid out for running PPP way.
