Govt to shed AAI stake in Delhi, Mumbai airports
HAVING EMBARKED on an ambitious asset monetisation drive to raise additional resources, and hoping to raise Rs 20,000 crore through sale of assets under the Ministry of Civil Aviation in 2021-22, the Government is looking to divest the remaining equity stake held by Airports Authority of India (AAI) in the Delhi, Mumbai, Bengaluru and Hyderabad airports.
The Indian Express has learnt that in the meeting of Core Group of Secretaries for Asset Monetisation (CGAM) held on February 8, an update was provided that the Ministry of Civil Aviation has identified 13 AAI airports to be monetised through the OMDA (Operation, Management, Development Agreement) model and that a transaction advisor has been appointed.
