The Airports Authority of India (AAI) proposes to set up joint ventures with public and private sector oil companies and airlines to meet jet fuel requirements in remote parts of the country, its Chairman V. P. Agrawal said on Tuesday.
AAI will hold a 13 per cent stake in the joint ventures with other companies being free to decide on how much stake they would like to hold, the AAI Chairman said. The idea was discussed in the presence of Secretary, Petroleum, and various oil companies, including Reliance. Agrawal was speaking on the sidelines of the Aviation Day India meet here on Tuesday.
“Take Kangra (Himachal Pradesh), it does not have a fuelling facility. Somebody flying, say, from Delhi, has to carry the fuel from the national capital to be able to come back. This unnecessarily disturbs the economics. The other objective is that less space is occupied by oil companies, otherwise everybody duplicates. We will create sufficient capacity so that everybody puts their oil in it,” he said.
AAI will write to the airlines to participate in the proposed joint ventures and it is for the airlines to be part of these or not, Agarwal said.
Agrawal said there were plans to commission a study on the impact of the Chennai airport on the gross domestic product of the city and the State. The Delhi Airport had got such a survey done that showed that Delhi airport contributed over Rs 20,000 crore to the city.
http://www.thehindubusinessline.com/industry-and-economy/logistics/jet-fuel-aai-plans-joint-ventures-with-airlines-oil-firms/article4551493.ece
AAI will hold a 13 per cent stake in the joint ventures with other companies being free to decide on how much stake they would like to hold, the AAI Chairman said. The idea was discussed in the presence of Secretary, Petroleum, and various oil companies, including Reliance. Agrawal was speaking on the sidelines of the Aviation Day India meet here on Tuesday.
“Take Kangra (Himachal Pradesh), it does not have a fuelling facility. Somebody flying, say, from Delhi, has to carry the fuel from the national capital to be able to come back. This unnecessarily disturbs the economics. The other objective is that less space is occupied by oil companies, otherwise everybody duplicates. We will create sufficient capacity so that everybody puts their oil in it,” he said.
AAI will write to the airlines to participate in the proposed joint ventures and it is for the airlines to be part of these or not, Agarwal said.
Agrawal said there were plans to commission a study on the impact of the Chennai airport on the gross domestic product of the city and the State. The Delhi Airport had got such a survey done that showed that Delhi airport contributed over Rs 20,000 crore to the city.
http://www.thehindubusinessline.com/industry-and-economy/logistics/jet-fuel-aai-plans-joint-ventures-with-airlines-oil-firms/article4551493.ece
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