The AAI, which works under the Ministry of Civil Aviation, owns and manages more than 100 airports across the country.
The government plans to sell its residual stake in already privatised Delhi, Mumbai, Bengaluru and Hyderabad airports as part of the ambitious ₹ 2.5 lakh crore asset monetisation pipeline identified to raise additional resources, sources said.
Sale of Airport Authority of India's (AAI) remaining stake in the four airports as also 13 more airports have been identified for privatisation in 2021-22 fiscal, two people aware of deliberations at Empowered Committee of Secretaries last month said.
The Ministry of Civil Aviation will obtain requisite approvals for divestment of equity stake of AAI in the respective joint ventures running Delhi, Mumbai, Bengaluru and Hyderabad airports, they said adding the issue is likely to go to the Cabinet for approval in the next few days.
For the 13 AAI airports identified for privatisation, the possibility of clubbing of profitable and non-profitable airports will be explored to make more attractive packages, sources said.
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