Annual performance for 2018-19

AAI signs MoU with MoCA
Targets Rs 4100 crore capex on airport infrastructure development
Thesynergyonline Aerospace Bureau

Mr R N Choubey, Secretary (Civil Aviation) and Dr GuruprasadMohapatra, Chairman, AAI , exchanging MoU signed between AAI and MoCA in the presence of Ms Gargi Kaul, Additional Secretary & Financial Advisor, MoCA and members on the board of AAI

NEW DELHI, APRIL 27 : Airports Authority of India (AAI) signed its Annual Performance Contract i.e. memorandum of understanding (MoU) for the year 2018-19 with Ministry of Civil Aviation. The MoU was signed on April 27, 2018 between Mr R.N. Choubey, Secretary (Civil Aviation) and Dr. Guruprasad Mohapatra, Chairman, AAI.

On this occasion, senior officials from the Ministry and Board Members of AAI were also present. The MoU 2018-19 specifies various parameters and targets to be performed by AAI during the year. The parameters and targets include all the major areas of AAI i.e. Finance, Capacity Utilization, Research & Development,project implementation, HR, Cargo etc.

AAI has undertaken an ambitious target of Rs 4,100 crore towards capital expenditureon(CAPEX) airport infrastructure development in 2018-19.

AAI has also signed target to utilize 94 per cent of its total passenger capacity at its airports. Also, to improve the quality of services, AAI has undertaken to carry out Airport Service Quality (ASQ) Survey at its top 20 airports by an International agency i.e. Airports Council International.

AAI has also agreed to carry out HR audit at its airports in order to strengthen its Human Resource.