Finance Minister Arun Jaitley in his Union Budget 2018 speech has said that the government is aiming to expand airport capacity by 5 times to handle 1 billion trips a year.
The Airport Authority of India currently operates a total of 124 airports, while there are 6 additional privately run airports. Jaitley said the balance sheet of AAI would be leveraged to raise more resources for funding the expansion plans.
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