AAI to raise Rs 4,000cr debt from market

Kolkata: The Airports Authority of India (AAI) will consider raising debt from the market through bonds to the tune of Rs 3,000-4,000 crore for the modernisation of 35 non-metro airports in the country and also for greenfield airports in Goa, Pune, Kunnoor and Navi Mumbai.
AAI has already sought and received a triple A rating from Crisil to gain smooth access to funds from financial institutions. The organisation has upto Rs 2,000 crores in reserves.
11/09/06 Business Standard

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