Cochin International Airport Ltd is owned and operated by Cochin International Airport Limited (CIAL). Started in 1999, it is the first airport in India built under Public Private Partnership (PPP) and is the world’s first fully solar-powered airport. It ranks as the third busiest for international passengers and seventh largest overall in India.
1) CIAL Duty Free and Retail Services Ltd (CDRSL) which manages the duty-free business in the airport,
2) CIAL Infrastructures Ltd which plans and implements green energy production,
3) Cochin International Aviation Services Ltd (CIASL) which facilitates MRO (maintenance, repair, and operation services) activities & two hangars.
In addition to these, CIAL is an associate of Kerala Waterways & Infrastructures Ltd (KWIL) having an equal share of investment with the Government of Kerala. The government of Kerala holds a ~33% stake in the company (CIAL).
| Year | Net Sales (₹ Crores) | EBITDA (₹ Crores) | PAT (₹ Crores) |
|---|---|---|---|
|
2022 |
502.3 |
227 |
35 |
|
2023 |
939.6 |
563 |
292.7 |
|
2024 |
1,158.4 |
722.6 |
447.8 |
India is among the top 10 aviation markets, serving over 84 mn domestic passengers annually. The size of air traffic, both in terms of passengers & goods, is growing at a good stride. According to the International Air Transport Association, India is expected to be the third-largest aviation market in the world by 2025, after China and the U.S. Rising proportion of middle-income families, strong competition amongst Low-Cost Carriers, infrastructure additions at leading airports and supportive policy framework has given a positive thrust to the aviation sector which is expected to continue to experience strong growth due to the upsurge in demand.