Airport marketing team for CIAL

A Correspondent

Efforts on to strengthen operational revenue base of the company

Airport security network to be upgraded

Rs.13 crore for integrated management systems

Nedumbassery: Cochin International Airport Limited (CIAL) will float an ‘airport marketing team’ to get more international players to associate with the airport, CIAL Managing Director C.G. Krishnadas Nair has said.

This will help in overcoming the effects of the slump in the aviation sector and strengthening CIAL’s operational revenue base, Dr. Nair said here on Thursday while briefing mediapersons on the decisions of the director board of the company which met in Thiruvananthapuram on Wednesday.

Plans were afoot to form a team with members having experience in the operational side, he said.

“We hope the team will be able to attract more chartered flights in consultation with the various tourism agencies and new passenger airlines from the countries other than those in the Gulf. They will also be entrusted with the task of maintaining the existing service providers besides attracting more cargo freighters to here and this step will surely contribute to the company’s year-on-year growth,” Dr. Nair said.

CIAL registered an annual turnover of Rs.170 crore during the fiscal that ended in March 2009. This was an increase of Rs.32 crore compared tom the same period last year.

The net profit was Rs.60 crore against the previous term’s Rs.47 crore. It was expected that the company would end up with lower figures due to the three-moth runway closure.

The company plans to scale up its total net income to Rs.76 crore with the budgeted gross income standing at Rs.207 crore. The director board, presided over by CIAL Chairman Chief Minister V.S. Achuthanandan, had approved the budget, Dr. Nair said.

The board also decided to upgrade the security network of the airport as per the guidelines laid down by the Bureau of Civil Aviation Security (BCAS) with an outlay of Rs.30 crore.

The managing director said tenders would soon be invited for the purpose.

IT-enabled integrated management systems would be set up at a cost of Rs.13 crore to improve efficiency. An amount of Rs.34 crore will be used to construct an exclusive departure terminal for domestic passengers. Deliberations were also on for the proposed maintenance, repair and overhaul unit (MRO) at the airport.

Dr. Nair said the upgrade of the runway was almost over except for some shoulder works.

The company could finish the project in the estimated time and budgeted, Dr. Nair added.

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