LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Business News » India News

12 AAI airports to woo passengers with retail therapy, better

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
Updated: Tue, Oct 17, 2017
05:59 pm
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

The Airports Authority of India (AAI) is gearing up to provide passengers a better shopping and dining experience at 12 of its airports, which will boost its revenue.

AAI has started floating separate requests for proposals (RFPs), inviting a master concessionaire to set up food and beverage (F&B) outlets, including at least an international and a national brand for smaller airports.

There will be a separate bidding process for retail outlets, which will start from October 23.

The 12 airports are Bhopal, Indore, Raipur, Lucknow, Calicut, Thiruvananthpuram, Trichy, Amritsar, Bhubaneshwar, Srinagar, Guwahati and Goa.

"The concessionaire shall incur all capital expenditure in relation to the development, setting up, operation, maintenance and management of the F&B outlets," as per the RFP document.

These airports currently have a handful of vendors which bid separately to set up food stalls and retail outlets.

AAI now plans to bring them under a master concessionaire at each of these airports, according to an official who spoke on condition of anonymity.

The official said the 12 airports have been selected on the basis of passenger traffic.

Currently, only two AAI airports - Chennai and Kolkata - have a single agency each for retail and F&B outlets.

AAI has already sent out six different proposals for as many airports for setting up of F&B outlets on October 6 and October 11 and will be issuing remaining six bid documents on October 23 and October 30.

According to the terms and conditions laid out, a concessionaire will have to provide atleast one international and one domestic brand at airports with passenger traffic less than 2 million per month. For airports with higher traffic, the winning bidder will have to offer atleast two outlets of an international brand.

The term of concession is for seven years.

For the use of space on airport premises the winning bidder will pay AAI a concession fee equivalent of the "quoted monthly amount over and above the minimum monthly guarantee (MMG) with annual escalation or 24 per cent of fixed revenue share of the monthly net sales," according to the document.

Bidders will compete on the highest minimum monthly guarantee offered to AAI.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

SAIL OFS - Anil Singhvi picks it as Stock of the Day, says BUY | From floor, discount, subscription to outlook, know strategy here

Do's and don'ts: Covid 19 vaccination drive starts tomorrow - contraindications, dose to who will not get it - EXPLAINED

ICICI Bank credit card, debit card holders delight! Get discount up to 50% on essential and luxury items | check details

Mid-cap Stock Picks With Anil Singhvi: Buy IRCTC, Trident and Speciality Restaurants shares for good returns

Mutual Fund NFO: PGIM India Balanced Advantage Fund launched; minimum investment Rs 5000; know last date of offer

PUBG Mobile India launch date: Rumours rage with this announcement; will the Battle Royale Game make comeback? Check latest report

Samsung Galaxy 21, Galaxy S21+ and Galaxy S21 Ultra launched | Check Price, Camera, Specifications, Pre-booking and Cashback offers

HDFC Securities highlights that 14563-14256 is the resistance/support for the Nifty in the near term

Indian Logistics and Supply Chain Trends 2021 II Details Explained

Patna: Murdered IndiGo airlines manager's family demands CBI probe

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved