Airports Authority of India (AAI) has expressed interest in operating five non-metro airports in Maharashtra, currently managed by a wholly-owned subsidiary of Reliance Infrastructure, according to reports.
Reports stated that Reliance Infra had got the lease rights to operate the five regional airports at Nanded, Yavatmal, Baramati, Latur and Osmanabad, through a bidding process of the government of Maharashtra.
Reliance Airport Developers Private Ltd (RAPL) is incurring an expense of Rs 20mn per month for these airports, says report.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.