Nagpur Airport, managed by Mihan India Limited (MIL), reported an impressive revenue of Rs 95.24 crore from operations in the year 2023. Dr. Babasaheb Ambedkar International Airport witnessed a total of 2,45,836 passengers, marking a bustling year of travel.
In a detailed breakdown, MIL, a Maharashtra Airport Development Company, disclosed that Rs 24.17 crore was earned through landing fees, Rs 24 lakh from parking fees, Rs 51.66 crore in user development fees, and Rs 19.17 crore in business fees. These figures showcase the diverse revenue streams contributing to the airport’s financial success.
Mihan India Limited’s Earnings and Traffic Insights
Abhay Kolarkar, armed with information obtained under the Right to Information Act-2005, revealed MIL’s earnings and operational statistics. Notably, 1,23,202 passengers arrived in Nagpur, while 1,22,634 passengers departed for other destinations. The airport’s role as a pivotal travel hub is evident in these dynamic passenger movements.
Moreover, MIL reported the landing of 1195 private planes and helicopters, generating a revenue of 99.44 lakhs during the year. Despite the financial success, the report outlines a substantial expenditure of 6 crore 7 lakh 70 thousand 629 rupees on security measures. The year also saw nine emergency landings, highlighting the airport’s commitment to ensuring safety in unforeseen circumstances.
Fee Structure and Unique Policies
The airport’s fee structure includes Rs 24 lakh from parking fees and Rs 51.66 crore in user development fees. Interestingly, the departure zone doesn’t impose parking and waiting charges, offering a hassle-free experience for travelers. In the pickup area, the first five minutes are free, emphasizing convenience for those receiving passengers. However, various zones have distinct waiting, parking times, and associated fees, creating a tailored experience for users.
It’s important to note that the revenue generated through these fees remains unaudited, as revealed by the Right to Information inquiry. The airport’s commitment to transparency is underscored by the disclosure of financial details, providing stakeholders and the public with insights into its operational intricacies.
In conclusion, Nagpur Airport remarkable revenue figures for 2023, coupled with strategic financial management and transparent disclosures, position it as a key player in India’s aviation landscape. As the numbers continue to soar, the airport remains dedicated to enhancing the travel experience and ensuring a secure environment for all passengers.