Cochin International Airport
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Cochin International Airport

Overview

Cochin International Airport is the country’s first greenfield airport, created through public-private partnerships. The airport, which was designed and built from the ground up, has been praised for pioneering a new concept in infrastructure construction. CIAL, the business that built and manages the airport, has become a worldwide brand as a result of the incredible public engagement, unwavering support from NRIs, and competent leadership. It is also the world’s first airport that is entirely powered by solar energy. Since commercial operations began on June 10, 1999, with an international flight to Dammam. In only four years, CIAL has expanded swiftly to become India’s fourth largest international airport in terms of foreign passenger traffic.

Stats to show CIAL Performance in FY18-19.

CIAL saw a total annual growth rate of approximately 20% in the first eight years, then 12% following, with annual passenger traffic reaching 7.7 million in 2015-16. During 2016-17, the airport handled 8.9 million passengers, and weekly aircraft movements average approximately 1200.

On March 28, 2018, the passenger volume for a single fiscal year (2017-18) surpassed one million for the first time in its existence.

In fiscal year 2018-19, the CIAL’s passenger traffic surpassed one million. The number of aircraft movements has also climbed to 71,871 from 69,665 the previous year.

Kochi, Kerala, is seeing unparalleled expansion. Kochi has emerged as Kerala’s commercial hub, with a variety of megaprojects such as an LNG terminal, an International Cargo Container Terminal, and so on. According to tourism studies, the number of international tourists increased by 7% per year, while local tourists increased by 9%. The Kerala Government’s Vision 2025 establishes its goals.

Cochin International Airport Limited Unlisted Shares Details:

Company Business:

Cochin International Airport is divided into five subsidiaries. Let us look at why these organisations were formed and what they perform other from maintaining and operating an airport, which is done by Cochin International Airport Limited.

1. Cochin International Aviation Services Limited:

It is responsible for aircraft maintenance, repair and overhaul services, and aviation instruction. CISL is now providing Line Maintenance Services for foreign planes departing from CIAL.

2. Air Kerala International Services Limited:

The main goal of establishing this subsidiary is to establish international low-cost airlines for Keralites residing in the Middle East.

3. CIAL Infrastructure Limited:

It was established to capitalise on possibilities in the power and infrastructure industries. CIL has already commissioned a 29.14 MW solar power station at Cochin International Airport, and due to increased demand, the capacity has been increased from 29.14 MWp to 40 MWp.

4. CIAL Duty-Free and Retail Service Limited:

It is a CIAL-owned public limited business. The firm was founded on March 1, 2016, with the goal of entering the Duty-Free and Travel Retail markets.

5. Kerala Waterways and Infrastructures Limited

The firm was founded on October 3, 2017 by the Kerala government and CIAL. It was established with the goal of creating an inland canal between Kovalam and Bakel. The project will be constructed in three parts, with the first phase completed in May 2020, the second phase completed by 2022, and the third phase completed by 2025. It will allow freight to pass via the waterway.

Financial Charts

Financials of Cochin International Airport Limited Unlisted Shares:

Standalone Financial Performance of CIAL

Consolidated Financial Performance

Business Performance of Cochin International Airport in FY22

1. Cochin International Airport earned 525 crores in FY21-22, up from 269 crores in FY21.

2. In FY22, Cochin International Airport handled 47 lacs passengers, making it the country’s third busiest international airport.

3. Overall aircraft and passenger movements grew by 60.06% and 92.66%, respectively, in FY22.

4. Cochin International Airport is one of the few airports in the country where all aircraft parking bays have hydrant fueling systems, and the fuel input from the refinery to the fuel storage yard is connected via an underground conduit. This ensures faster aircraft refiling and turnaround time.

5. The geographical location of Cochin International Airport, which serves as the halfway of the East West Corridor between the Middle East (UAE, Bahrain, Kuwait, etc.) and the Far East (Malaysia, Singapore, Indonesia, etc.), is ideal for the fuel stopover industry.

6. In FY22, the total number of passengers flying from Cochin International Airport is 47 lacs, up from 24 lacs the previous year.

7. The volume of international freight moved has grown from 35k in FY21 to 46k in FY22. Domestic freight flow has grown from ten thousand in FY21 to thirteen thousand in FY22.

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