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Aviation minister says airport-airline ownership still under review
The Indian Express··4d ago
Civil Aviation Minister K Rammohan Naidu said Tuesday the government is deliberating airline-airport cross-ownership and has taken no decision yet. He spoke after questions on the Adani group's request for a waiver from Mumbai airport contract limits. IndiGo and the Air India group hold over 90 percent of India's domestic market. The Adani group holds 74 percent of Mumbai airport.
Prism
What It Means For You
- Any waiver on airport-airline cross-ownership could change which groups can launch new carriers.
- Passengers today face a domestic market where IndiGo and Air India group hold over 90 percent share.
- No policy change is final until the government finishes its deliberation and, if needed, Cabinet approval.
What's Happening
- Minister K Rammohan Naidu said Tuesday the government will weigh pros and cons and has taken no decision.
- Adani Airport Holdings sought a waiver from Mumbai airport OMDA cross-holding caps in a June letter.
- Adani Enterprises said in July it was not evaluating an airline proposal.
What the Contract Caps Say
- Mumbai and Delhi airport OMDAs bar scheduled airlines and group entities from holding more than 10 percent in the airport operator.
- The Adani group holds 74 percent of Mumbai airport and operates eight airports in India.
- Parliament was told last month that AAI received a waiver request without naming the group.
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