No Bidder for Lucknow Airport

Q: Heard that Lucknow airport has not yet got the bidder. Can anyone tell me what is the reason for it ??

Rakib, Lucknow

30th January 2014

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Replies (5)

very bad news

Maya Roa, Apartment Resident, Chandigarh

30th January 2014

Comment

The panel in the report said it failed to understand the logic behind privatizing airports after spending tax payers' money for modernizing them. Heard the Amausi airport was modernised and a new terminal constructed in 2010 at a cost of over Rs 100 crore.

Srikumar Nair,

30th January 2014

Comment

@Balwinder: The private party would be required to deposit a royalty of 13% of the total turnover at the airport. But a private company, Indothai, along with other agencies have been already taking care of ground handling services at Amausi airport so potentially reducing the profit margin even further.

Santosh TR,

30th January 2014

Comment

Guys I heard that the AAI officials said that the employees' union at the Lucknow airport has received a letter from the joint forum of AAI employees association of holding a secret voting exercise to assess the participation of the employees.

Rituraj,

30th January 2014

Comment

The reason that the Lucknow airport, as a matter of fact, has been found 'less profitable' by private parties which had initially evinced interest in it. This was essentially due to low profit margins given the less aircraft movement at the airport.

Balwinder Singh,

30th January 2014

Hi Rakib heard that the proposed privatisation of Amausi airport in Lucknow failed to attract private investment yet again . One of the most important clause is the investment bracket of Rs 500 crore within a set period.

Veena K,

30th January 2014

Comment