Kochi airport to have new shareholder — Tatas

KOCHI: The Kochi airport, India’s first airport built on a public-private partnership, will soon have a new stakeholder — the Tatas, the country’s biggest conglomerate. This follows the Tata Sons’ acquisition of loss-making national airline Air India in October this year. Air India owns a 3.267% equity stake in the Cochin International Airport Ltd (CIAL), which runs one of the most professional airports in the country.
The Kochi airport is also a strategic hub connecting India with West Asian countries. The Tata group’s acquisition of Air India is expected to be complete early next year.