About Kannur International Airport Limited Unlisted Shares

(i) Kannur International Airport Ltd(KIAL) is an Unlisted Public Company promoted by the Government of Kerala, to build and operate the airport on international standards, primarily to cater to the traveling needs of the large NRI population in the region who travel frequently to various international destinations, the flourishing business community, and tourists. The area is of immense tourist potential and attracts both domestic and international tourists.

(ii) This is the second greenfield airport in Kerala, built on the Public-Private Partnership model in an area of about 2,300 acres. Kannur International Airport was commissioned on 9 December 2018, and it is the 4th international airport in Kerala, the only state in the country to have 4 international airports. As per the Information Memorandum prepared by SBI CAPS, the airport is expected to have approximate annual traffic of 1.65 million international and 0.16 million domestic passengers in FY 2018-19.

(iii) In Just 9 months of its operations, the KIAL has touched 1 million passengers. The airport has seen a constant increase in the number of passengers every month since its opening.