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AIRPORTS DEVELOPMENT IN INDIA 2015

Sector Analysis, Upcoming Projects and Market Outlook
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Presentation (PDF)

India Infrastructure Research

Airports Development in India 2015

Table of Contents
SECTION I - SECTOR TRENDS AND ANALYSIS

SECTION II - NEW GROWTH AREAS

SECTION IV - AIRPORT PROFILES

1.

Executive Summary

9.

2.

Overview
Introduction
Macroeconomic and Air Travel Scenario
Industry Structure
Policy and Regulatory Framework
Size and Growth
Investment Requirement
Upcoming Projects and Market
Opportunities
Risks and Challenges
Industry Outlook

15. Key Airports

Indira Gandhi International Airport, Delhi
Chhatrapati Shivaji International Airport,
Mumbai, Maharashtra
Chennai International Airport, Chennai,
Tamil Nadu
Kempegowda International Airport
Bengaluru, Karnataka
Netaji Subhash Chandra Bose International
Airport, Kolkata, West Bengal
Rajiv Gandhi International Airport,
Hyderabad
Cochin International Airport, Kochi, Kerala
Sardar Vallabhbhai Patel International
Airport, Ahmedabad, Gujarat
Goa International Airport
Pune Airport, Maharashtra
Trivandrum International Airport, Kerala
Calicut International Airport, Kerala
Chaudhary Charan Singh International
Airport, Lucknow, Uttar Pradesh
Lokpriya Gopinath Bordoloi International
Airport, Guwahati, Assam
Srinagar International Airport, Jammu and
Kashmir
Jaipur Airport, Rajasthan
Biju Patnaik International Airport, Odisha
Mangalore International Airport, Karnataka
Dr. Babasaheb Ambedkar International
Airport, Nagpur, Maharashtra
Coimbatore International Airport, Tamil
Nadu
Devi Ahilyabai Holkar Airport, Indore,
Madhya Pradesh
Chandigarh International Airport
Kazi Nazrul Islam Airport, Durgapur, West
Bengal
Pakyong Airport, Sikkim
Shirdi Airport, Maharashtra

3.

4.

New Government's Approach to Airport

Development
Introduction
Government's Plans and Targets
Draft Civil Aviation Policy
New Initiatives/Projects
Some Key Steps Required
Conclusion
Size and Growth
Introduction
Traffic Trends
Capacity Growth
Investments
Revenues at Key Airports
Future Outlook

5.

Financing Experience and Outlook

Introduction
Key Sources of Finance
Existing Business Models
New/Alternate Sources of Revenue
Opportunities for Investors
Factors Impacting Financing
Conclusion

6.

PPP Experience and Outlook

Introduction
Existing Models
Experience at Key Airports
New Areas of Private Participation
Key Challenges
Major Players
PPP Outlook

7.

8.

Airline Industry Overview

Introduction
Size and Growth
Recent Developments
Financial Performance
Future Plans
Outlook
Sector Outlook
Introduction
Demand Drivers
New Areas of Investment
Traffic Projections (till 2020)
Investment Projections
Project Pipeline
Risks to Future Development
The Way Forward

No-ffrills Airports
Introduction
Growth Drivers
Key Projects Planned
Viability and Business Models
Global Experience
Outlook

10. Maintenance, Repair and Overhaul

Introduction
Market Size and Structure
Growth Drivers
Initiatives thus Far
Key Projects
Issues and Challenges
Outlook
11. Cargo Infrastructure
Introduction
Size and Growth
Recent Initiatives
Demand Drivers
Issues and Concerns
Traffic and Investment Projections
Upcoming Projects at Key Airports
The Way Forward
SECTION III - PROJECT PIPELINE ANALYSIS
12. Brownfield Project Pipeline
Introduction
Overall Project Pipeline
Expected Investments
Project Analysis by Type of Projects
Status of Project Pipeline
The Way Forward
13. Greenfield Project Pipeline
Introduction
Overall Project Pipeline
Expected Investments and Capacity
Addition
Project Analysis by Stage
Issues and the Way Forward
14. Key Greenfield Airport Profiles
Navi Mumbai International Airport,
Maharashtra
Kannur International Airport, Kerala
Mopa International Airport, Goa
Chakan International Airport, Maharashtra
Sriperumbudur Airport, Tamil Nadu
Aranmula Airport, Kerala
Dholera International Airport, Gujarat
Sindhudurg Airport, Maharashtra
Shimoga Airport, Karnataka
Kushinagar Airport, Uttar Pradesh
Hassan Airport, Karnataka
Karaikal Airport, Kerala
Raigarh Airport, Chhattisgarh
Gulbarga Airport, Karnataka
Bijapur Airport, Karnataka

SECTION V - PLAYER PROFILES

16. Key Players
Airports Authority of India
GMR Infrastructure Limited
GVK Power & Infrastructure Limited
Larsen & Toubro Limited
City and Industrial Development
Corporation of Maharashtra Limited
Reliance Airport Developers Private Limited
Bengal Aerotropolis Projects Limited
Punj Lloyd Limited
Maharashtra Airport Development
Company Limited
17. Appendix
The report is available along with a
presentation in PDF format.

Release Date: April 14, 2015

No. of page: 303

List of Tables and Figures

LIST OF TABLES

SWOT Analysis of Indian Aviation Industry

Snapshot of PPP Airports in India
Institutional Framework for Indian Civil Aviation
Industry
Key Acts Governing the Indian Aviation Sector
Share of Metro Airports in Total Passenger and
Freight Traffic
Region-wise Analysis of Passenger and Freight
Traffic in 2013-14
Investment Requirement for Aviation Industry by
2031-32
Key Upcoming Airport Projects Entailing Highest
Investments
Details of Airport Projects Completed in 2013-14
Investment in 35 Non-metro Airports by the AAI
Investments made by the AAI in 2012-13, 2013-14,
and 2014-15 (Rs billion)
Revenue Generation at Hyderabad Airport
Charges at Metro Airports
Projected Traffic Growth at Indian Airports
Key Financial Parameters of AAI (Rs billion)
Private Participants at Indian Airports
Key Financing Terms of PPP Metro Airports
Stakeholders of BAPL
Investment Opportunities
Different Modes of PPP in Operational Airports
Total Traffic Handled at PPP Airports
Till Options Availed by AERA
Net Profit of PPP Airports (Rs billion)
Total Revenue of PPP Airports (Rs billion)
Details of Planned Expansion of Cochin Airport
Key Developers in the Indian Aviation Industry
Scheduled Airlines in India
Market Share of Scheduled Airlines
Trend in Airline-wise Fleet Size
States Implementing Recent Reductions in Sales
Tax on ATF
Total Income and Profit after Tax of Scheduled
Airlines (Rs million)
Financial Performance of Listed Scheduled Airlines
in 2014-15 (Rs billion)
Greenfield Airport Projects with Construction
Progress so Far
Status of No-Frills Airports Taken up for Development
Typical Low-Cost Airport Business Model
Global Practices for Promoting Regional Air
Connectivity
Key Players in MRO Sector
Player-wise MRO Services
Key Outsourced MRO Operations
Air Freight Traffic at Five Busiest Airports (tonnes)
Air Freight Traffic at Few Tier II and Tier III City
Airports (mt)
Cargo Terminals at Key AAI-managed Airports
Air Cargo Facilities Operationalised in 2013-14 and
2014-15
Comparison of Air Cargo Operations in India with
Global Best Practices
Air Cargo Traffic Projections
Investment Requirement for Cargo-related
Infrastructure by 2031-32
Upcoming Investment in Cargo-related
Infrastructure
Airport-wise Brownfield Project Pipeline
State-wise Estimated Investments
Status of Brownfield Project Pipeline in Airports
Sector
Snapshot of Upcoming Greenfield Airport Projects
in India
Snapshot of Key Operational Airports
Key Infrastructure Parameters at IGIA
Financial Performance of IGIA over the Period 200910 to 2014-15
Key Ongoing and Upcoming Projects at IGIA
Key Infrastructure Parameters at CSIA
Key Infrastructure Parameters at Terminal T2, CSIA
Financial Performance of CSIA during 2009-10 to
2013-14
Key Ongoing and Upcoming Projects at CSIA

Key Infrastructure Parameters at ChIA

Key Ongoing and Upcoming Projects at ChIA
Key Infrastructure Parameters at KIAB
Key Ongoing and Upcoming Projects at KIAB
Key Infrastructure Parameters at NSCIA
Key Ongoing and Upcoming Projects at NSCIA
Financial Performance of RGIA over the Period
2009-10 to 2014-15
Key Ongoing and Upcoming Projects at RGIA
Key Infrastructure Parameters at CIA
Financial Performance of CIA during 2009-10 to
2013-14
Key Ongoing and Upcoming Projects at CIA
Key Infrastructure Parameters at SVPIA
Key Ongoing and Upcoming Projects at SVPIA
Key Infrastructure Parameters at GIA
Key Infrastructure Parameters at Pune Airport
Key Infrastructure Parameters at TIA
Key Ongoing and Upcoming Projects at TIA
Key Infrastructure Parameters at Calicut Airport
Key Ongoing and Upcoming Projects at Calicut
Airport
Key Infrastructure Parameters at CCSIA
Key Ongoing and Upcoming Projects at CCSIA
Key Infrastructure Parameters at LGBIA
Key Infrastructure Parameters at SIA
Key Infrastructure Parameters at Jaipur Airport
Key Ongoing and Upcoming Projects at Jaipur
Airport
Key Infrastructure Parameters at BPIA
Key Ongoing and Upcoming Projects at BPIA
Key Infrastructure Parameters at MIA
Key Ongoing and Upcoming Projects at MIA
Key Infrastructure Parameters at BSAIA
Key Ongoing and Upcoming Projects at BSAIA
Key Infrastructure Parameters at Coimbatore Airport
Key Infrastructure Parameters at DAHA
Key Infrastructure Parameters at Chandigarh Airport
Key Players in the Aviation Sector
Airports Managed by AAI
Financial Performance of AAI (Rs billion)
Shareholding Pattern of GMR Infrastructure Limited
Current Portfolio of GMR Infrastructure Limited in
the Airports Sector
Financial Performance of GMR Infrastructure
Limited (Rs billion)
Financial Details of DIAL
Financial Details of GHIAL
Shareholding Pattern of GVK Power & Infrastructure
Limited (as of December 2014)
Major Airport Projects in GVK Power &
Infrastructure Limited's Portfolio
Financial Performance of GVK Power &
Infrastructure Limited (Rs billion)
Shareholding Pattern of Larsen & Toubro Limited
(as of December 2014)
Airport and Related Projects in L&T's Portfolio
Financial Performance of Larsen & Toubro Limited
Shareholding Pattern of Reliance Infrastructure
Limited (as of December 2014)
Project Portfolio of Reliance Airport Developers
Private Limited
Financial Performance of Reliance Infrastructure
Limited (Rs billion)
Key Consultants for Durgapur Aerotropolis Project
Major Greenfield Airport Projects in MADC's
Portfolio

2009-10 to 2013-14 (million)

Growth in Freight Traffic at Indian Airports during
2009-10 to 2013-14 (million tonnes)
Growth in Aircraft Movements during 2009-10 to
2013-14 (million)
Traffic and Aircraft Movement at Airports during
2013-14 and 2014-15
Passenger Traffic Growth at Key Airports
Freight Traffic Growth at Key Airports
Regional Break-up of Traffic for 2013-14
Growth in Capacity at Metro Airports between
2009-10 and 2013-14 (mppa)
Investment in Key Privately-operated Airports during
2007-12 Period
Revenue Growth for Delhi and Mumbai Airports
Budgetary Support to the Ministry of Civil Aviation
in the Past Five Years
Growth in Capacity at PPP Airports between 200809 and 2013-14 (mppa)
Trend in PLF and WLF from 2011-12 to 2013-14
Revenue from Cargo Operations for few Major
Airport Operators in 2013-14
Revenue from Non-aeronautical and CPD Operations
for few Major Airport Operators in 2013-14
General Aviation Movements during 2009-10 to
2014-15
Comparison of Passenger Traffic Forecasts for
2020-21
Overall Project Pipeline
Upcoming Brownfield Airport Projects in India
Upcoming Greenfield Airport Projects in India
Expected Growth Trajectory in Market Size
Age Profile of Indian Aircrafts
Region-wise Average Labour Cost
India's Air Freight Traffic
Revenue from Cargo Operations for few Major
Airport Operators in India
Growth in Domestic and International Air Freight
Traffic
Distribution of Air Freight Traffic in 2013-14 (%)
Market Share of Airlines in Domestic Air Freight
Traffic (%)
Cargo-Handling Capacity at Key Private Airports
Demand Drivers for Air Cargo Segment in India
Global Benchmarks for Dwell Time vis--vis Indian
Airports (hours)
Type-wise Brownfield Projects
Proposed Investments at Upcoming Greenfield
Airports (Rs billion)
Proposed Capacity Addition at Upcoming Greenfield
Airports
Stage-wise Share of Greenfield Projects in the
Pipeline
IGIA's Passenger Traffic from 2009-10 to 2014-15
IGIA's Cargo Traffic from 2009-10 to 2014-15
IGIA's Aircraft Movement from 2009-10 to 2014-15
Distribution of Revenues of IGIA for 2013-14
CSIA's Passenger Traffic from 2009-10 to 2014-15
CSIA's Cargo Traffic from 2009-10 to 2014-15
CSIA's Aircraft Movement from 2009-10 to 2014-15
ChIA's Passenger Traffic from 2009-10 to 2014-15
ChIA's Cargo Traffic from 2009-10 to 2014-15
ChIA's Aircraft Movement from 2009-10 to 2014-15
KIAB's Passenger Traffic from 2009-10 to 2014-15
KIAB's Cargo Traffic from 2009-10 to 2014-15
KIAB's Aircraft Movement from 2009-10 to 2014-15
Net Profit of KIAB over the Period 2009-10 to
2013-14
LIST OF FIGURES
NSCIA's Passenger Traffic from 2009-10 to 2014-15
NSCIA's Cargo Traffic from 2009-10 to 2014-15
GDP Growth, ATF Prices and Air Traffic
NSCIA's Aircraft Movement from 2009-10 to
Categorisation of AAI-managed 125 Airports
2014-15
Evolution of Indian Aviation Industry
RGIA's Passenger Traffic from 2009-10 to 2014-15
Growth in Passenger Traffic at Indian Airports
RGIA's Cargo Traffic from 2009-10 to 2014-15
Growth in Freight Traffic at Indian Airports (mt)
RGIA's Aircraft Movement from 2009-10 to 2014-15
Passenger Capacity at Few Major Airports (mppa)
Distribution of Revenues of RGIA for 2013-14
Market Share of Scheduled Airlines (%)
CIA's Passenger Traffic from 2009-10 to 2014-15
Stage-wise Key Upcoming Airport Projects
CIA's Cargo Traffic from 2009-10 to 2014-15
Issues and Challenges affecting Indian Aviation
CIA's Aircraft Movement from 2009-10 to 2014-15
Sector
Growth in Passenger Traffic at Indian Airports during Distribution of Revenues of CIA for 2013-14

SVPIA's Passenger Traffic from 2009-10 to 2014-15

SVPIA's Cargo Traffic from 2009-10 to 2014-15
SVPIA'S Aircraft Movement from 2009-10 to
2014-15
GIA's Passenger Traffic from 2009-10 to 2014-15
GIA's Cargo Traffic from 2009-10 to 2014-15
GIA's Aircraft Movement from 2009-10 to 2014-15
Pune Airport's Passenger Traffic from 2009-10 to
2014-15
Pune Airport's Cargo Traffic from 2009-10 to 2014-15
Pune Airport's Aircraft Movement from 2009-10 to
2014-15
TIA's Passenger Traffic from 2009-10 to 2014-15
TIA's Cargo Traffic from 2009-10 to 2014-15
TIA's Aircraft Movement from 2009-10 to 2014-15
Calicut Airport's Passenger Traffic from 2009-10 to
2014-15
Calicut Airport's Cargo Traffic from 2009-10 to
2014-15
Calicut Airport's Aircraft Movement from 2009-10
to 2014-15
CCSIA's Passenger Traffic from 2009-10 to 2014-15
CCSIA 's Cargo Traffic from 2009-10 to 2014-15
CCSIA 's Aircraft Movement from 2009-10 to 2014-15
LGBIA'S Passenger Traffic from 2009-10 to 2014-15
LGBIA'S Cargo Traffic from 2009-10 to 2014-15
LGBIA'S Aircraft Movement from 2009-10 to 2014-15
SIA'S Passenger Traffic from 2009-10 to 2014-15
SIA'S Cargo Traffic from 2009-10 to 2014-15
SIA'S Aircraft Movement from 2009-10 to 2014-15
Jaipur Airport's Passenger Traffic from 2009-10 to
2014-15
Jaipur Airport's Cargo Traffic from 2009-10 to
2014-15
Jaipur Airport's Aircraft Movement from 2009-10
to 2014-15
BPIA's Passenger Traffic from 2009-10 to 2014-15
BPIA's Cargo Traffic from 2009-10 to 2014-15
BPIA's Aircraft Movement from 2009-10 to 2014-15
MIA's Passenger Traffic from 2009-10 to 2014-15
MIA's Cargo Traffic from 2009-10 to 2014-15
MIA's Aircraft Movement from 2009-10 to 2014-15
BSAIA'S Passenger Traffic from 2009-10 to 2014-15
BSAIA'S Cargo Traffic from 2009-10 to 2014-15
BSAIA'S Aircraft Movement from 2009-10 to
2014-15
Coimbatore Airport's Passenger Traffic from 200910 to 2014-15
Coimbatore Airport's Cargo Traffic from 2009-10 to
2014-15
Coimbatore Airport's Aircraft Movement from 200910 to 2014-15
DAHA's Passenger Traffic from 2009-10 to 2014-15
DAHA's Cargo Traffic from 2009-10 to 2014-15
DAHA's Aircraft Movement from 2009-10 to 2014-15
Chandigarh Airport's Passenger Traffic from 200910 to 2014-15
Chandigarh Airport's Cargo Traffic from 2009-10 to
2014-15
Chandigarh Airport's Aircraft Movement from 200910 to 2014-15
Core Functions of AAI
Passenger and Cargo Traffic at AAI Airports during
2009-10 to 2013-14
Evolution of Capital Structure of the AAI from 200910 to 2013-14
Revenue Break-up for AAI (2008-09 and 2012-13)
Projected Investment by AAI during the Twelfth Plan
Period (2012-17)
GVK Power & Infrastructure Limited's Segment-wise
Revenue Share (2013-14)
Net Profit of MIAL and BIAL during 2009-10 to
2013-14
Larsen & Toubro Limited's Segment-wise Revenue
Share for 2013-14 (%)
Segment-wise Distribution of Order book and Net
Revenues of PLL

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