Every case of foreign investment in domestic airlines would be subjected to due scrutiny, and would be taken up on a case by case basis, Mr Prasad said, when asked about Virgin Atlantic chairman Richard Bransons plans to acquire equity in private Indian airline companies.
We are going to elicit the views of 10 entities who have submitted their expression of interests for the modernisation of Delhi and Mumbai airports, Mr Prasad told media persons. He was speaking on the sidelines of a conference organised by the International Civil Aviation Organisation (ICAO) and the Directorate General of Civil Aviation (DGCA) here. Our technical advisors are preparing detailed financial documents as part of an information memorandum to be given to the shortlisted parties to enable them to file their technical and commercial bids, he said.
Asked to give a time-frame for the completion of the modernisation projects for the two airports, Mr Prasad said: We have started restructuring work for Delhi and Mumbai airports because the terminals are already saturated or likely to be saturated very shortly. There are inadequate facilities for aircraft movement, resulting in delays and long queues. There is a need for parallel runways, taxiways, etc, and we are contemplating having a parallel runway in these airports.