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            september 22, 2019

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Mangalore airport profits prompts demands for cargo complex completion


Mangalore airport, 350 kilometres west of Bangalore, has reported operating profit of INR950 million (US$17 million) in the fiscal 2011-2012, creating income of INR420 million, according to the Shipping Gazette. 
Revenue growth is attributed to economic activity in the chief port city of the Indian state of Karnataka, and sharply contrasts against the INR250 million loss the airport suffered 10 years ago, reported The Hindu's Business Line.
Civil and electrical works, costing INR450,000, have been completed at the air cargo complex nears completion with an anticipated opening in January.
The air cargo complex is to be based at the old passenger terminal building with Airports Authority of India (AAI) in the running to operate it, said Mangalore airport director MR Vasudeva. The complex is supported by the Federation of Indian Export Organisations (FIEO) that acknowledges a need for a complex with perishable facilities for agricultural produce.

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