Summary

Air passenger traffic has logged a compound annual growth rate of over 12% in the past five fiscals, although it has slowed down a touch of late.

Such strong growth has, in turn, led to over-utilisation of metro airports - which are running at over 150% of design capacity - and thereby congestion.

The need for de-congestion, aided by government focus on the sector, is expected to double investments in Indian airport infrastructure to ~Rs 60,000 crore in the five years through fiscal 2024. Added to that, new business models being explored for upcoming PPP airports present a host of opportunities.

In this context, CRISIL is conducting a webinar on the airport infrastructure sector. The event will feature a presentation by CRISIL experts, followed by a panel discussion and a Q&A session.

The experts will delve into:

• The current slowdown in traffic
• Investment outlook and likely funding mix
• Likely impact of high capex on credit profiles of operational airports
• Whether the regulatory environment is conducive for PPP airports and investments
• Risk comparison of new airport business model with operational PPP airports
• Credit outlook on PPP airports