The Airports Authority of India (AAI) on Wednesday received an ‘Excellent’ rating for its performance in 2022-23, the Ministry of Civil Aviation stated. The AAI announced the attainment of its rating under the Memorandum of Understanding (MoU) for the fiscal year 2022-23.
The Department of Public Enterprises has confirmed AAI’s exceptional performance, awarding it a commendable score of 91.50 under the MoU, resulting in the coveted ‘Excellent’ rating.
According to a press release by AAI, the accomplishment is attributed to the leadership of Sanjeev Kumar, Chairman of AAI.
AAI’s road to success
Despite the several impacts of COVID-19, AAI demonstrated remarkable financial performance by generating a revenue of Rs 11,424 crore from its operations during the fiscal year 2022-23. The recognition comes as a testament to AAI’s resilience, especially considering the challenges faced by the civil aviation industry during the pandemic.
Besides, the airport authority also attained its highest-ever capital expenditure of Rs 5,175 crore during the same period. These investments were directed toward enhancing and expanding airport facilities, integrating advanced technologies, and optimising operational efficiency.
Notably, a substantial chunk of the capital expenditure has contributed towards ensuring safer, more convenient, and seamless travel experiences for passengers across AAI-operated airports.
AAI at a glance
Constituted by an Act of Parliament, the Airports Authority of India is a Mini Ratna Category – I Public Sector Enterprise, which came into existence on April 1, 1995, by merging the erstwhile National Airports Authority and the International Airports Authority of India.
At present AAI manages a total of 137 airports which include 24 international airports (3 civil enclaves), 10 custom airports (4 civil enclaves), and 103 domestic airports (23 civil enclaves).
It is noteworthy that AAI provides air navigation services to over 2.8 million square nautical miles of air space. In 2019-20, the authority handled passenger movement of 159.59 million and the cargo handled 909.32 thousand MT (International 452.46 & Domestic 456.85).
The key functions of AAI include the design, development, operation, and maintenance of international and domestic airports and civil enclaves.
Further, expansion and strengthening of operation areas, viz. runways, aprons, and taxiways among others are also managed by AAI. The provision of communication and navigation aids which includes ILS, DVOR, DME, Radar, etc also comes under the authority.
