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Kochi, Dec 20: Cochin International Airport Limited (CIAL) has decided to set up a dedicated economy terminal for low-budget airlines, CIAL sources said. This is part of the ambitious development plan that hopes to keep the nation's first private airport ahead of others.
The proposed no-frills terminal will facilitate quicker turnaround time and lower charges for landing, parking, and ground handling.
The passenger operations will be done from a single floor building and will have no travellators, escalators, and aerobridges. Cutting down the expenses, the terminal will be a boon to the growing low-cost carriers, sources said.
CIAL plans to spare 300-acres for the terminal and will take up the construction in the near future.
Like all its counterparts in the developed world, CIAL is also trying to develop its non-flight revenue stream. Major international airports of the world have 50-80 % of their revenue coming in from other sources like hospitality, amusement, and maintenance. CIAL has currently a rapidly growing revenue stream from its passenger and freight operations, but could come under pressure with the expansion of the Kozhikode airport and the construction of the Kannur airport.
The proposed development works by CIAL includes aircraft maintenance hangar, aviation training centre, convention centre, hotels, cargo development, shopping malls, food courts, specialty hospital, educational institution, and amusement park. The total investment is estimated at Rs 3,500 crore and will be sourced from private and public sources.
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