KOCHI, Sept 8: The Cochin International Airport Ltd company today announced 16 per cent dividend to its shareholders.
This was announced by Chief Minister and CIAL Chairman, Oommen Chandy at the airport company’s AGM here.
The government will consider the proposal to revive the ‘Air Kerala’ plan (the state having its own airlines), he said.
CIAL’s total turnover during 2011-12 fiscal was Rs 276 crore. Growth in revenue was 13 per cent compared to the previous year.
Passenger traffic through the airport increased by nine per cent. About 4.72 million passengers travelled through the airport last fiscal.
The Maintenance, Repair and overhaul facility for aircraft is ready for commissioning. The approach surveillance radar is ready and is expected to be functional by December this year, he said.
Once this is ready, landing time of aircraft, which is presently eight minutes, will be reduced to almost three minutes thereby increasing the runway utilisation and also help save fuel significantly. (PTI)
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