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AIRPORTS IN INDIA 2017

Operators, Projects, Segments and Market Opportunities

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Airports in India 2017
Table of Contents
SECTION I: MARKET ANALYSIS AND OUTLOOK 6. Inter-aairport Comparison: Key Airports
Capacity
1. Sector Overview Capacity Utilisation
Snapshot of Indian Airports Sector Passenger Traffic
India's Macroeconomic Scenario and Air Travel Freight Traffic
Size and Growth Aircraft Movement
- Passenger Segment
Financial Performance
- Freight Segment
- Airlines
- Capacity 7. Economics of Airport Projects
Key Trends Key Cost Components
Opportunity Areas Key Revenue Components
Key Issues and Challenges Trends in Air Turbine Fuel Prices and Consumption
Outlook and Projections Tariff at Key Airports
SWOT Analysis New Business Models

2. Recent Trends and Developments 8. Investment Experience and Outlook

Union Budget 2017-18 Investment Trends
National Civil Aviation Policy, 2016 PPP Experience
Relaxation of Foreign Direct Investment Norms
Successes and Failures
Other Policy and Regulatory Developments
Historical and Expected Returns
Projects Award
Projects Completion Investment Requirement and Opportunities
Projects under Tendering Key Issues and Challenges
Recent Financings Investment Outlook
Recent Bilateral Agreements
Key Technology Initiatives 9. Airline Overview
Others Market Structure
Market Share
3. Project Pipeline Fleet Size
Overall Project Pipeline Aircraft Movement Trends
Analysis by Type of Projects Operational Performance
Analysis by Category of Projects
Efficiency Performance
Analysis by Stage
Financial Performance
Analysis by Mode of Implementation
Recent Initiatives and Developments
4. Sector Outlook and Market Opportunities Expansion Plans
Growth Drivers Outlook for Airline Industry
Key Projections - Traffic
Key Projections - Capacity SECTION II: PASSENGER SEGMENT ANALYSIS
Investment Projections and Outlook
Market Opportunities 10. Passenger Size and Growth
- For Developers Overall Passenger Traffic Trends
- For Contractors Domestic vs. International Passenger Traffic
- For Consultants Foreign vs. Indian Passenger Carriers
- For Technology and Equipment Providers Airline-wise Passenger Traffic
New Areas of Growth
- International
- Maintenance, Repair and Overhaul (MRO)
- Domestic
- Green Energy Initiatives
- Commercial Development Distribution of India's International Passenger Traffic
The Way Forward - Region-wise
- Country-wise
5. Regional Airport Development - Airport-wise
Existing Regional Airports Top Passenger Traffic Handling Airports
Regional Connectivity Scheme (RCS)-UDAN Passenger Capacity Trends
Business Models - Metro Airports
Growth Drivers - Major AAI Airports
Upcoming Airports/Airstrips Key Issues and Challenges
11. Passenger Outlook and Projections Shirdi Airport, Maharashtra
Key Growth Drivers Dagadarthi Airport, Andhra Pradesh
Overall Requirement - Capacity and Investment Orvakal Airport, Andhra Pradesh
Planned Capacity Addition Dabra Airport, Madhya Pradesh
Planned Investments Bijapur Airport, Karnataka
Upcoming Projects Shimoga Airport, Karnataka
Traffic Projections Gulbarga Airport, Karnataka
AAI's Departmental Action Plan Karaikal Airport, Puducherry
Others
SECTION III: CARGO SEGMENT ANALYSIS
16. Key Airport Players
12. Cargo Size and Growth Airports Authority of India
Overall Cargo Traffic Trends GMR Infrastructure Limited
Region-wise Growth in Traffic GVK Power & Infrastructure Limited
Freight Vs. Mail Traffic Larsen & Toubro Limited
Domestic Vs. International Traffic City and Industrial Development Corporation of Maharashtra Limited
Foreign Vs Indian Carriers Bengal Aerotropolis Projects Limited (BAPL)
Airline-wise Cargo Traffic Punj Lloyd Limited
Belly Cargo Vs. Dedicated Cargo
Region-wise Distribution of India's International Freight Traffic SECTION V: EQUIPMENT AND TECHNOLOGY MARKET
Top Air Cargo Traffic Handling Airports
Cargo Capacity Trends 17. Communication Equipment
New Initiatives in the Cargo Segment Current Infrastructure
Key Issues and Challenges Key Suppliers
Key Growth Drivers
13. Cargo Outlook and Projections Recent Trends and Advancements
Growth Drivers Key Plans in the Communication Segment
Planned Capacity Addition Future Outlook
Planned Investments and Upcoming Projects
Traffic and Capacity Projections 18. Navigation Equipment
Current Infrastructure
SECTION IV: PROFILES - AIRPORTS AND AIRPORT OPERATORS Key Suppliers
Key Growth Drivers
14. Key Operational Airports Recent Trends and Advancements
Indira Gandhi International Airport (IGIA), Delhi - GAGAN
Chhatrapati Shivaji International Airport (CSIA), Mumbai - Others
Kempegowda International Airport Bengaluru (KIAB) Key Plans in the Navigation Segment
Chennai International Airport (ChIA), Tamil Nadu Future Outlook
Netaji Subhash Chandra Bose International Airport (NSCIA), Kolkata
Rajiv Gandhi International Airport, Hyderabad 19. Surveillance Equipment
Cochin International Airport, Kerala Current Infrastructure
Kazi Nazrul Islam Airport, West Bengal Key Suppliers
Key Growth Drivers
15. Greenfield Airports Recent Trends and Advancements
Navi Mumbai Airport, Maharashtra Key Plans in the Surveillance Segment
Mopa Airport, Goa Future Outlook
Bhogapuram Airport, Andhra Pradesh
Kannur Airport, Kerala 20. Passenger Facilitation Technologies
Dholera Airport, Gujarat Current Infrastructure
Hassan Airport, Karnataka Key Growth Drivers
Pakyong Airport, Sikkim Technology Trends and Advancements
Kushinagar Airport, Uttar Pradesh Recent Initiatives
Sindhudurg Airport, Maharashtra Plans at Key Airports
Deoghar Airport, Jharkhand Future Outlook

Release Date: May 9, 2017 | No of slides: 437

Airports in India 2017
List of Tables and Figures
LIST OF TABLES
Snapshot of Indian Civil Aviation Sector
Projected Growth of Few Key Drivers of Air Traffic Growth
Trends in RPK, ASK and PLF during 2011-16
Financial Performance of Key Airlines (Rs billion)
Efficiency Performance of Key Airlines (%)
Snapshot of PPP Airports in India
Projected Traffic, Capacity and Investments at Indian Airports
Key Recently Awarded Projects (Last Six Months)
Key Recently Completed Projects
Recent Contracts for which Tenders were invited
Green Initiatives
State-wise Pipeline of Projects (Number and Cost)
Cost of Pipeline Projects
Analysis of Stage-wise Greenfield/Brownfield Projects
Top Five Brownfield Projects (Cost-wise)
Cost Estimates of Top 10 Greenfield Projects
Top Five Projects under Bidding Offering Short-term
Opportunities
Projections for Air Passenger and Freight Traffic for India
Projected/Planned Air Passenger Capacity for India
AAI's Capital Expenditure Plan for 2016-20 (Rs billion)
Upcoming Projects at Indian Airports
Upcoming PPP Projects at Indian Airports offering Opportunities
for Developers
Upcoming Projects at Indian Airports Offering Construction
Opportunity
Few Key Planned Works by AAI for which PMC are in the Process
of Being Appointed
Tenders Invited for Equipment and Technology Providers
Few Key MRO Players in India
Operational Solar Power Plants at Indian Airports
Potential City-side Developments Models
Airports Selected for City-side Development by AAI
Commercial and City-side Development Opportunities at Key
Airports
Small Airports Developed by AAI
State-wise Regional Airports
Current Status of UDAN
Plan for Revival of Airports/Airstrips
Upcoming/Ongoing Key Airports/Airstrips Projects
Unutilised/Under-utilised AAI Airports
Key Loss Making AAI Airports (Rs billion)
Cost of Terminal Development across Airports
ATF Production and Consumption ('000 tonnes)
Key Financing Terms of PPP Metro Airports
Exposure of Key Banks for Delhi Airport
Key Private Players in PPP Airport Projects
PE Activity in Airports
Different Modes of PPP in Operational Airports
Net Profit of PPP Airports (Rs billion)
Total Revenue of PPP Airports (Rs billion)
Case of Kannur International Airport
Type and Stage-wise Investment Requirement in the Sector
Project-wise Investment Opportunity (Rs billion)
Changing Market Share of Domestic Airlines
Airline-wise Trend in Fleet Expansion between 2011-12 and
2015-16
Change in Compliance Rates of Route Dispersal Guidelines from
March 2016 to March 2017
Number of Cases of Denied Boarding, Cancellations and Delays
of Key Airlines
Financial Performance of Key Airlines (Rs billion)
Financial Performance of Listed Airlines (Rs billion)
Fleet Orders/Key Financial Plans of Airlines
Growth in Passenger Traffic Handled at Key Airports between
2011-12 and 2016-17
Passenger Traffic YoY Growth at Key Airports During 2011-12 to
2016-17 (%)
Planned Passenger Infrastructure/Capacity at AAI-operated
Airports
Planned Passenger Infrastructure/Capacity at Key JV Airports
Snapshot of Upcoming Projects in the Airports Segment in India
Key Upcoming Brownfield Projects - Top Runway and Terminal
Works Based on Investment Involved
Key Upcoming Brownfield Projects - Top Expansion/modernisa-
tion Works Based on Investment Involved
Air passenger Traffic Forecast by Various Organisations
Traffic Forecasts at Key AAI-operated Airports (2025-26)
AAI's Action Plan for Passenger Segment
Targets and Achievements for Cargo Traffic (%)
Air Cargo Traffic at Top Five Busiest Airports
Category-wise Break-up of Domestic and International Freight
Traffic (tonnes)
Cargo Handling Capacity at Key AAI Airports
Planned Cargo Infrastructure/Capacity
Key Upcoming Projects in the Cargo Segment
NTDPC's Forecast for Cargo Infrastructure Growth
Traffic Forecast - Cargo Segment
AAI's Long-term Projections for Air Cargo
Traffic Forecast at Key JV Airports
AAI's Action Plan for Cargo Segment
Snapshot of Indira Gandhi International Airport (IGIA), Delhi
Salient Features of Terminal 3
Financial Performance of DIAL from 2011-12 to 2015-16
Expansion Plan of Indira Gandhi International Airport (IGIA),
Delhi*
Snapshot of CSIA
Key Infrastructure Parameters at CSIA (excluding T2)
Key Infrastructure Parameters at Terminal T2, CSIA
Key Projects at CSIA
Expansion Plans at CSIA
Snapshot of KIAB
Current Infrastructure at KIAB
Snapshot of ChIA
Key Ongoing and Upcoming Projects at ChIA
Profit for Chennai Airport during 2012-13 to 2015-16 (Rs billion)
Snapshot of NSCIA
Key Projects at NSCIA
Snapshot of RGIA, Hyderabad
Current Infrastructure at RGIA, Hyderabad
Financial Performance of GHIAL from 2011-12 to 2015-16
Capacity Expansion Plan of RGIA
Snapshot of Cochin International Airport, Kerala
Current Infrastructure at Domestic Terminal of Cochin
International Airport
Current Infrastructure at International Terminal of Cochin
International Airport
Financial Performance of CIAL from 2011-12 to 2015-16
Snapshot of Kazi Nazrul Islam Airport
Snapshot of 18 Greenfield Airports
Key Details of Navi Mumbai Airport, Maharashtra
Key Details of Mopa Airport, Goa
Key Details of Bhogapuram Airport, Andhra Pradesh
Key Details of Kannur Airport, Kerala
Key Details of Dholera Airport, Gujarat
Key Details of Hassan Airport, Karnataka
Key Details of Pakyong Airport, Sikkim
Key Details of Kushinagar Airport, Uttar Pradesh
Key Details of Sindhudurg Airport, Maharashtra
Key Details of Deoghar Airport, Jharkhand
Key Details of Shirdi Airport, Maharashtra
Key Details of Dagadarthi Airport, Andhra Pradesh
Key Details of Orvakal Airport, Andhra Pradesh
Key Details of Dabra Airport, Madhya Pradesh
Key Details of Bijapur Airport, Karnataka
Key Details of Shimoga Airport, Karnataka
Key Details of Gulbarga Airport, Karnataka
Key Details of Karaikal Airport, Puducherry
Snapshot of 18 Other Greenfield Airports
Airports Managed by AAI
Expected Funding Sources for Proposed Capital Expenditure over
2016-20
Summary of Expansion Works by AAI
Contact Details of Airports Authority of India
Snapshot of Airport Operations of GIL
Details of GIL's Airport Assets
Financial Performance of GIL (Airports Sector) (Rs million)
Contact Details of GMR Infrastructure Limited
Snapshot of Indian Airport Operations of GVKADPL
Details of GVKADPL's Domestic Airport Assets
Financial Performance of GVKPIL and GVK Airport Developers
Limited (Rs billion)
Airport-wise Performance of GVKADPL
Contact Details of GVK Power & Infrastructure Limited
Financial Performance of Larsen & Toubro (Rs billion)
Contact Details of Larsen & Toubro
Contact Details of City and Industrial Development Corporation of
Maharashtra Limited
Key Projects of Bengal Aerotropolis Projects Limited
Contact Details of Bengal Aerotropolis Projects Limited
Contact Details of Punj Lloyd Limited
Current Communication Equipment Infrastructure in Indian Civil
Aviation
Future Roadmap for Communication Infrastructure at Airports
Current Navigation Equipment Infrastructure in Indian Civil
Aviation
Future Roadmap for Navigation Infrastructure at Airports
Current Surveillance Equipment Infrastructure in Indian Civil
Aviation
Future Roadmap for Surveillance Infrastructure at Airports
Evolution of Airports
Current Passenger Handling Infrastructure at Key AAI Airports
Current Passenger Handling Infrastructure at Key Airports
Delhi Airport- Improvement in Passenger Handling Infrastructure
AAI's Capital Expenditure on Passenger Facilitation Infrastructure
(Rs million)
Upcoming Contracts in the Passenger Facilitation Segment
AAI's Action Plan for Passenger Facilitation Segment
LIST OF FIGURES
Trends in Growth Rates of Macroeconomic Indicators and Air
Traffic (%)
Ranking by International Seats Per Capita
Ranking by Domestic Seats Per Capita
Growth in Passenger Traffic during 2012-13 to 2016-17
Growth in Freight Traffic during 2012-13 to 2016-17
Market Share of Domestic Airlines (March 2017) (%)
PLF and WLF of Airlines (as of March 2017)
Capacity Utilisation at Key Airports in 2016 (%)
Upcoming Aviation Projects
Stage-wise Analysis of Upcoming Projects at Indian Airports
Central Plan Outlay for Aviation Sector
Overall Pipeline by No. of Projects
Overall Pipeline by Status
Status-wise Brownfield Projects
Status- wise Greenfield Projects
Tentative Capacity of Key Greenfield Airports
Category-wise Number and Cost of Projects
Stage-wise Total Projects
Number and Cost of PPP and Non-PPP Projects in Pipeline
Capacity at Metro Airports (mppa)
Capacity at Other Major Airports
Capacity Utilisation Level at PPP Airports
Average Terminal Capacity Utilisation for AAI and Other
Airports
Airports with Vacant Capacity
Over Utilised Airports
Growth in Passenger Traffic at Key Airports
Yearly Additions to Passenger Traffic at Key Airports
Growth in Freight Traffic at Key Airports
Yearly Additions to Freight Traffic at Key Airports
Aircraft Movement at Key Airports
PBT of Profitable Airports under AAI in 2015-16
Profit/Losses of PPP Airports during 2015-16
Broad Cost Components of an Airport Project
Key Revenue Sources for AAI
Revenue Model at Key PPP Airports
Aero/Non-aero Mix of Revenue at Key Airports
Yearly Trends in ATF Pricing
Ten-year Pricing Trend of Crude Oil
Trends in ATF Production and Consumption
UDF Levied at Major Airports (Rs) (as of March 2017)
UDF Levied at Major Airports (Rs) (as of March 2017)
Investments Thus Far at PPP/Private Airports
Passenger Handling Capacity at Key PPP Airports
Trend in Passenger Traffic (million)
Trend in Cargo Traffic ('000 tonnes)
Trend in Aircraft Movement ('000)
Delhi Airport's Revenue Spilt
Hyderabad Airport's Revenue Spilt
Trend in Profit/Loss at PPP Airports
Market Share of Indian and Foreign Carriers in International
Passenger Movement
(October-December 2016)
Market Share of Top Ten Carriers in International Passenger
Movement (October-December 2016)
Overall Trend in Fleet Size of Scheduled Indian Airlines (2011-
12 to 2015-16)
Share of National and Private Airlines in Fleet Size (2015-16)
Growth in Total Aircraft Movement between 2011-12 and
2016-17
Airline-wise PLF Trends from 2015-2017 (as of March 2017)
Airline-wise WLF Trends from 2015-2017 (as of March 2017)
Change in Cancellation Rates of Scheduled Domestic Airlines
from March 2016 to March 2017
On-time Performance of Key Airlines at Four Metro Airports
Growth in Passenger Traffic during 2011-12 to 2016-17 -
Passenger traffic (million) and % YoY growth
Growth in Domestic and International Passenger Traffic -
Passenger traffic (million) and % YoY growth
Market Share of International Passengers Carried by Scheduled
Indian and Foreign Airlines (%)
Market Share of Top 15 Scheduled Operators for International
Operations (%)
Share of Air India vis-à-vis Private Domestic Carriers in
Domestic Passenger Movement - Traffic volume and % share
Region-wise International Passenger Traffic Trends
Region-wise Domestic Passenger Traffic Trends
Market Share (%) of Top 10 Countries in terms of International
Passenger Traffic in 2016
Share (%) of Top Five Indian Cities in terms of International
Passenger Traffic in 2016
% Share of Average Passenger Traffic Handled at Key Airports
between 2011-12 and 2016-17
Growth in Passenger Handling Capacity at Six Metro Airports
Capacity Utilisation Rates at Major AAI Airports in 2016-17
Additional Passenger Capacity and Investment Requirements at
Indian Airports
Projected Share of Greenfield and Brownfield Projects in
Planned Investments
Passenger Traffic Growth Forecast till 2025-26
Growth in Air Freight Traffic during 2009-10 to 2016-17
YoY Growth in Air Freight and GDP (%)
Region-wise Growth in Domestic Freight Traffic (mt)
Region-wise Growth in International Freight Traffic (mt)
Region-wise Growth in Freight Traffic (mt)
Region-wise Share in Freight Traffic in 2016-17 (%)
Break-up of Domestic and International Cargo
Freight Vs. Mail Traffic ('000 tonnes) - Domestic and
International of All Scheduled Airlines
Proportion of International Cargo Carried by Indian and Foreign
Carriers (%)
Airline-wise Share of Cargo Handled
Domestic Cargo Carried as Belly Cargo and in Dedicated
Freighters
Distribution of India's International Freight Traffic in 2015-16
Cargo Capacity at Key Operational Airports
Passenger Traffic Trends at IGIA from 2011-12 to 2016-17
YoY Growth in Passenger Traffic at IGIA from 2011-12 to 2016-17
Freight Traffic Trends at IGIA from 2011-12 to 2016-17 (mt)
YoY Growth in Freight Traffic at IGIA from 2011-12 to 2016-17
Aircraft Movement at IGIA from 2011-12 to 2016-17 (no)
YoY Growth in Aircraft Movement at IGIA from 2011-12 to
2016-17 (%)
Total Land Parcel under Delhi Airport's Land Monetisation Plan
Passenger Traffic Trends at CSIA from 2011-12 to 2016-17
(million)
YoY Growth in Passenger Traffic at CSIA from 2011-12 to
2016-17 (%)
Freight Traffic Trends at CSIA from 2011-12 to 2016-17 ('000
tonnes)
YoY Growth in Freight Traffic at CSIA from 2011-12 to 2016-17
Aircraft Movement Trends at CSIA from 2011-12 to 2016-17
YoY Growth in Aircraft Movement at CSIA from 2011-12 to
2016-17 (%)
Financial Performance of MIAL from 2011-12 to 2015-16 (Rs
billion)
Passenger Traffic Trends at KIAB from 2011-12 to 2016-17
(million)
YoY Growth in Passenger Traffic at KIAB from 2011-12 to
2016-17 (%)
Freight Traffic Trends at KIAB from 2011-12 to 2016-17 ('000
tonnes)
YoY Growth in Freight Traffic at KIAB from 2011-12 to 2016-17
Aircraft Movement Trends at KIAB from 2011-12 to 2016-17
YoY Growth in Aircraft Movement at KIAB from 2011-12 to
2016-17 (%)
Financial Performance of BIAL from 2011-12 to 2015-16
Passenger Traffic Trends at ChIA from 2011-12 to 2016-17
YoY Growth in Passenger Traffic at ChIA from 2011-12 to
2016-17 (%)
Freight Traffic Trends at ChIA from 2011-12 to 2016-17
YoY Growth in Freight Traffic at ChIA from 2011-12 to 2016-17
Aircraft Movement Trends at ChIA from 2011-12 to 2016-17
YoY Growth in Aircraft Movement at ChIA from 2011-12 to
2016-17 (%)
Passenger Traffic Trends at NSCIA from 2011-12 to 2016-17
YoY Growth in Passenger Traffic at NSCIA from 2011-12 to
2016-17 (%)
Freight Traffic Trends at NSCIA from 2011-12 to 2016-17
YoY Growth in Freight Traffic at NSCIA from 2011-12 to 2016-
17 (%)
Freight Traffic Trends at NSCIA from 2011-12 to 2016-17
YoY Growth in Freight Traffic at NSCIA from 2011-12 to 2016-
17 (%)
Passenger Traffic Trends at RGIA from 2011-12 to 2016-17
(million)
YoY Growth in Passenger Traffic at RGIA from 2011-12 to
2016-17 (%)
Freight Traffic Trends at RGIA from 2011-12 to 2016-17
(tonnes)
YoY Growth in Freight Traffic at RGIA from 2011-12 to 2016-
17 (%)
Aircraft Movement Trends at RGIA from 2011-12 to 2016-17
YoY Growth in Aircraft Movement at RGIA from 2011-12 to
2016-17 (%)
Passenger Traffic Trends at Cochin International Airport from
2011-12 to 2016-17 (million)
YoY Growth in Passenger Traffic at Cochin International Airport
from 2011-12 to 2016-17 (%)
Freight Traffic Trends at Cochin International Airport from
2011-12 to 2016-17 (tonnes)
YoY Growth in Freight Traffic at Cochin International Airport
from 2011-12 to 2016-17 (%)
Aircraft Movement Trends at Cochin International Airport from
2011-12 to 2016-17 (no)
YoY Growth in Aircraft Movement at Cochin International
Airport from 2011-12 to 2016-17 (%)
Break-up of CIAL's Revenue in 2014-15 and 2015-16 (%)
Land Holdings of AAI
Passenger and Cargo Traffic at AAI Airports during 2011-12 to
2016-17
Overall Capital Structure of AAI
Sources and Application of Funds of AAI in 2015-16
Financial Performance of AAI from 2011-12 to 2015-16 (Rs
billion)
Income and Expenses Break-up of AAI during 2014-16 (%)
Region-wise Financial Performance of AAI
Total Land Parcel under Delhi Airport's Land Monetisation Plan
DISHA's Impact at the Chennai Airport
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