Javee wrote:
AAI and GoI wants to make sure that we suffer their indignities for life. AAI wanted to privatize Chennai airport and now the parliamentary panel headed by may day bhai Sitaram Yechuri is putting a spanner on the works.
Javee saar, AAI 'wanted' to privatize Chennai only after public finally lost patience with it when even after years of delays, cost over runs and dilly dallying, AAI could only deliver an airport terminal that was not only under-built but was also very poorly constructed/executed.
Within days of opening there were a large number of screw-ups reported and there were complaints of stinking/leaky toilets in no time. The claim by unions that they can do a better job than the private players fell flat in those few days. Then they chose to bring in a private operator as it was pretty much their only way out of the mess after blocking the entry of private players for years.
Imagine if Chennai (and Kolkata) had gone in for privatization along with the rest in 2006 itself. Not only would the airports themselves be world-class by now, but AAI too would have earned a few more thousand crores in revenue share (yes, no kidding, AAI gets an eye-popping ~46% revenue share at Delhi whereas it is paid around 38% of topline of BOM airport operating company -
PLUS a share in profits/dividends in line with their 26% ownership
- all for pretty much doing nothing) which could have been ploughed back into building better Civil Aviation infra around the country at Tier-II/III places.