New Delhi: In a significant development, Civil Aviation Ministry likely to seek Cabinet approval for privatising half a dozen more airports including Bhubaneswar Biju Patnaik Airport by the first week of December.
According to reports, the Airports Authority of India (AAI) board has approved the plan and it will seek in-principle approval of the Cabinet now. Once it is approved, the bidding process would start.
The Ministry hopes to complete the bidding process by the end of this financial year.
Defending the governments decision to privatise more airports, an official said that AAI would get more revenue as a result of this and focus on the development of smaller airports.
Government expect that after privatisation, the AAI would get Rs 900-1,100 crore in a year from these six airports without making any expense.