About Kannur International Airport Limited
A Comprehensive Overview of Price & Journey
Understanding Kannur International Airport Limited Inception and Growth
Overview
Kannur International Airport, also known as Kannur International Airport Limited (KIAL) which is near Mattannur in Kerala, India. It is the fourth international airport in the state of Kerala, and it opened in December 2018 and reached 1 million passengers within 1 year of its operations.
The airport is situated in an area of 2300 acres, and it has a 97,000 square meter passenger terminal building with three levels: basement, arrival, and departure. The terminal has a unique "swing facility" that allows it to be used as either a domestic or international terminal, or both, by using sliding glass partitions.
The airport also has a 4,000-meter runway, which is the fourth largest in India, and six aerobridges to help aircraft access in all weather conditions. The terminal has self-check-in counters, self-baggage dropping machines, retail outlets, food and beverage outlets, duty-free shops, money exchange counters, a day hotel, and international and VIP lounges. It can handle up to 2,000 passengers during peak hours.
The airport also offers baggage storage, Wi-Fi, restrooms, wheelchair accessible seating and entrances, a pharmacy, baby care rooms, postal facilities, and other services.
Timeline
1998: An International Airport at Kannur. with international standards of safety and comfort is the aim of the government. The government of Kerala, vide its order GO (MS)No.2/98/Tran, dated 17.01.1998, accorded sanction for setting up Kannur International Airport and appointed KINFRA as the nodal agency for its implementation.
2002: KINFRA engaged M/s. EMA Unihorn (India) Pvt. Ltd., Gurgaon, as a consultant, submitted their techno-economic feasibility Report in 2000, which was updated in 2005. This was submitted to the Government of India. The Ministry of Civil Aviation gave approval for setting up an International Airport at Kannur.
2009: Kannur International Airport Limited (KIAL) was formed on 03 Dec 2009 as a public limited company.
2010: Foundation stone laid on 17th Dec 2010.
2012: Ministry of Home Affairs accorded Security Clearance vide letter dt. 12th Oct 2012. MoD renewed its NOC for a period of 5 years on 28th September 2012. DGCA accorded site clearance of the proposed airport on 17th August 2012.
2013: MoEF clearance issued on 19th July 2013.
2018: Commenced Operations
2019: Reached 1 million Pax
2021: Air Cargo Complex (Domestic) & Duty-Free Shops Started International Cargo Operations.
2023: Commenced Hajj Operations
Services
Baggage services
Immigration services
Dining
Shopping
Pharmacy
Baby Care rooms
Postal Facilities
Other services
Revenue Recognition
Income from services
Revenue from airport operations, i.e., Aeronautical and Non-Aeronautical operations, is recognised on an accrual basis, net of Goods and Service Tax (GST), and applicable discounts when services are rendered. Aeronautical operations include user development fees (UDF), ground handling, Baggage, X-ray Charges, Landing and Parking of aircraft, fuel farm, and Common User Terminal Equipment (CUTE) counter charges. The main streams of non-aeronautical revenue include retail, advertisement, food and beverages, car parking, and land and space rentals.
Interest
Interest is recognised using the time proportion method based on rates implicit in the transaction. Award fees and tender fees are recognised on an accrual basis by the terms of the relevant arrangement.
Land and Space
Land and Space- rentals pertain to granting the right to use land and space primarily for catering to the needs of passengers, air traffic services, and air transport services.
Dividends
Dividend income, if any, is recognised when the Company's right to receive dividends is established, which is generally when the shareholders approve the dividend.
Subsidiaries
There are no subsidiaries for the Kannur International Airport.
Associate
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