SME Times News Bureau | 04 Jan, 2019
State-run Airports Authority of India (AAI)'s 94 airports made losses in
the financial year 2017-18, the Lok Sabha was informed on Thursday.
"The
losses are mainly due to low revenue generation to meet the total
expenditure of the respective airports," Union Minister of Civil
Aviation Suresh Prabhu said in a written reply to a question.
According
to the Minister, the AAI has taken steps to enhance aeronautical
revenue in the form of "increase in tariff at non-major airports and
measures for commercial exploitation at some airports to increase the
revenue and to reduce losses".
