Home Flying High AAI signs its Annual Performance Contract (MoU) for 2019-20 with Ministry of...

AAI signs its Annual Performance Contract (MoU) for 2019-20 with Ministry of Civil Aviation

Airports Authority of India (AAI) signed its Annual Performance Contract ie Memorandum of Understanding (MoU) for the year 2019-20 with Ministry of Civil Aviation. The MoU was signed on May 20, 2019 between Shree Pradeep Singh Kharola, Secretary (Civil Aviation) and Dr Guruprasad Mohapatra, Chairman, AAI. On this occasion, senior officers from the Ministry of Civil Aviation and Board Members of AAI were also present.

MoU 2019-20 specifies various parameters and targets to be performed by AAI during the year. Apart from the targets in the field of Finance, Research and Development, Human Resource Development, Airport Service Quality (ASQ), Cargo and CPSE Conclave- 2018, AAI has undertaken an ambitious target of Rs. 5160crore towards Capital Expenditure on airport infrastructure development.