Chandigarh International Airport Limited (CHIAL) signed its Annual Performance Contract i.e. Memorandum of Understanding (MoU) for the year 2019-20 with Airports Authority of India (AAI). The MoU was signed by Dr. Guruprasad Mohapatra, Chairman, AAI and Sh. I. N. Murthy, Chairman, CHIAL recently.
MoU 2019-20 specifies various parameters and targets to be performed by CHIAL during the year. MoU includes ambitious target in the field of finance, Capacity Utilization, improvement in Airport Service Quality (ASQ) and Non-Aeronautical Revenue over previous year.
The Chandigarh International Airport Limited was incorporated on 28th January, 2010 as joint venture company by AAI with 51% stake in association with Punjab Government through Greater Mohali Area Development Authority and Haryana Government through Haryana Urban Development Authority (HUDA) to operate and maintain Chandigarh International Airport.