Government is in a hurry to sell its airports stakes. Here’s why it should just let the clock tick.

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Passengers arrive at Sardar Vallabhbhai Patel International Airport in Ahmedabad, Gujarat on December 22, 2020.

Synopsis

Hit arduous by the pandemic, the authorities has few choices however to sell its stakes in airports and monetise the land financial institution. But the key query is whether or not this is the proper time for an exit as a restoration in aviation seems distant. Also, how will it influence passengers and airways? ET Prime does a deep-dive to discover the solutions.

It was the early summer season of 2006. As the mercury had began rising slowly after a nice spring, pressure was brewing at the leafy headquarters of the Airports Authority of India (AAI) at the Safdarjung airport in New Delhi. The Congress-led UPA authorities had determined to privatise two of its crown jewels — the Delhi and Mumbai airports. The highly effective state-owned AAI employees’ union went on strike in protest and the state of affairs was so grave that the

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