Sunday, November 14, 2010

KANNUR AIRPORT TO ADOPT CIAL MODEL

Following the successful replication of the Cochin International Airport Ltd’s (Cial) holding structure by other airports, Kerala’s fourth international airport at Kannur will also see the state government’s holding in it capped at 49% and the balance stake parcelled among financial institutions, entrepreneurs and other entities.


Kerala government will form a consortium of public sector enterprises and other government-sponsored firms to pick stakes in the greenfield airport in north Kerala.
The state government will likely hold 24% and the public sector and government-sponsored firms 25%. The balance stake will go to private companies, high networth individuals and individuals.

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