The Airports Authority of India (AAI) has signed its annual performance contract with the Ministry of Civil Aviation specifying various parameters and targets to be performed during 2019-20.
The MoU was signed on Monday by Civil Aviation Secretary Pradeep Singh Kharola and AAI Chairman Guruprasad Mohapatra. Senior officers from the Ministry of Civil Aviation and AAI board members were present on the occasion.
The AAI manages 125 airports across the country, which ranks among the fastest growing markets globally. It also provides air navigation services over 2.8 million square nautical miles of air space.
It has earmarked Rs 5,160 crore towards capital expenditure for airport infrastructure development. Besides, it has set targets in the field of finance, research and development, human resource development, airport service quality, cargo and Central Public Sector Enterprises Conclave.
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