For Quick Alerts
For Daily Alerts

AAI may raise Rs 500 cr via bonds to fund expansion: Media Report

By Religare
AAI may raise Rs 500 cr via bonds to fund expansion
State-owned, Airports Authority of India (AAI) is likely to issue Rs 500 cr bonds next year to fund its ongoing projects, if Air India fails to pay Rs 1,400 crore of dues to AAI, said the media report.

AAI is upgrading and modernising 35 non metro airports at an investment of Rs 4,565 crore. While most of them have been completed, work on the rest is underway, said the media report.

"We still have around Rs 800 crore parked with us to fund the various ongoing projects. We are awaiting Air India to clear our dues, and if that does not happen, then we will launch an infra bond issue worth Rs 500 crore," an AAI official told media.

Stating that Air India owes around Rs 1,400 crore to the AAI on account of landing and parking charges at different airports, the official said "We expect them to clear the dues by this year."

Dion Global Solutions Ltd.

Read more about: aai bonds air india debt
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more