Aviation: Even as GMR, GVK thriving, airport modernisation remains work in progress

GVK and GMR, which won the Delhi airport bid around that time, had to navigate red tape, snail pace approvals, political vote banks not leading to handover of land and other hurdles.

Aviation: Even as GMR, GVK thriving, airport modernisation
Operating income from airport segment decreased by 23% from Rs 7,100 crore in fiscal 2017 to Rs 5,418 crore in fiscal 2018, primarily due to revision of tariff in DIAL. Image source: Reuters

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