You are here: Home » Companies » News
Business Standard

AAI eyes overseas markets for its in-house e-billing solution

The fees collected through this solution accounts for almost 35% in AAI overall revenue


Press Trust of India  |  New Delhi 

Mumbai international airport  Wikipedia
Mumbai international airport Wikipedia

Airports Authority of India (AAI) planning to aggressively tap overseas markets for its in-house developed 'e-billing' solution that can be used by air navigation and airport services providers.

The fees collected through this solution, which would help entities in data gathering, e-invoicing and collection of tariff from airlines at a single place, accounts for almost 35% in overall revenue.

As part of its efforts to expand its revenue stream, the national airports operator is scouting for opportunities overseas to sell its niche product.

Read more from our special coverage on "AAI"

Developed in-house, the electronic billing solution for data, e-invoicing and collection of tariff from the airlines is being used by for several years now.

Considering its reliability and performance over a period of time, is now looking to provide the system in overseas markets, AAI Member (Finance) S Suresh said told PTI.

AAI has already made a brief presentation to the aviation authorities of Cambodia and Indonesia. "They seem to be keen about it," he said.

Over the years, the system has been augmented to provide for a comprehensive e-billing system for data gathering, invoicing and collection in one place.

"This is also the first time that AAI will be pitching its product in overseas markets," Suresh noted.

Recently, AAI had entered into a preliminary pact with the International Air Transport Association (IATA) for providing a comprehensive e-billing solution to air navigation service providers and airport service providers for data gathering, e-invoicing and collection of tariff from airlines.

The airports operator expects to post an all-time high revenue of Rs 10,000 crore in the last financial year (2015- 16). During this period, the profit is anticipated to be around Rs 2,000 crore.

The estimated eight% growth in the topline which stood at Rs 9,285 crore in 2014-15 would be on the back of surge in passenger traffic and aircraft movement.

A "Miniratna' enterprise, AAI owns 125 airports in the country and out of them, 95 are operational.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, May 01 2016. 14:28 IST