Is Airport Authority of India a PSU?

The Airports Authority of India (AAI) is a Miniratna PSU working under the Ministry of Civil Aviation. The Authority is responsible for creating, upgrading, maintaining and managing civil aviation infrastructure in India.

Is AAI Miniratna?

AAI has been consistently making profits since its formation. In February 2009, AAI was granted “Miniratna Category 1 PSE” status by the Government of India. As a Miniratna Category 1 PSE, the Financial Powers of the Board of AAI to invest capital expenditure have been enhanced to Rs. 500 crores without Govt.

Is AAI Navaratna?

MMTC and Airport Authority of India are the new PSU aspirants for the coveted Navratna status which gives greater operational autonomy. NSE -3.98 \% and Airport Authority of India are the new PSU aspirants for the coveted Navratna status which gives greater operational autonomy, a senior official has said.

Is Gate compulsory for AAI?

The application form for AAI recruitment through GATE are available at the official webiste. Civil, Electrical, Electronics engineering graduates having valid GATE scores (2019) are eligible to apply for the AAI recruitment.

Who owns an airport authority?

All but one U.S. commercial airport are owned and operated by public entities, including local, regional or state authorities with the power to issue bonds to finance some of their capital needs. Airports are landlords.

Does not affect the site selection of an airport?

5. Which of the below does not affect the site-selection of an airport site? The site should be accessible by people easily from different locations, there should be potential for air traffic – flight or passenger and sufficient airspace for airports without obstruction.

When there is sale of more than 51\% stake in public sector undertakings it is called as?

From a government point of view, the disinvestment strategy can be of the following types: Minority Disinvestment: The Government wishes to retain managerial control over the company by maintaining the majority stake (equal to or more than 51 percent).