As part its efforts to monetize lands of the Airport Authority of India, Civil Aviation Minister Suresh Prabhu today chaired a high-level meeting to review framing of land use regulations for their commercial exploitation.
Minister of State for Civil Aviation Jayant Sinha was also present. Further details about the outcome of the review meeting remained unclear.
The national airports operator, which manages 125 aerodromes, including civil enclaves, is awaiting amendments to to the AAI Act that would allow effective monetization of land assets.
The AAI owns around 55,000 hectares of land in urban areas across the country. Under the current norms, airport land can be used only for limited purposes.
Sinha had, however, in August last year informed Parliament that the government's plan to liberalise land usage by AAI airports by amending law has been put on hold pending a decision from the Supreme Court on the matter.
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