It is classified as a State Govt company and is registered at the Registrar of Companies, Ernakulam
Its authorized share capital is Rs. 35,000,001,000 and its paid up capital is Rs. 13,383,690,200.
It is involved in Supporting and auxiliary transport activities; activities of travel agencies.
Kannur International Airport Limited's Annual General Meeting (AGM) was last held on 23 December 2021 and as per records from the Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 March 2021.
Directors of Kannur International Airport Limited are Pinarayi Vijayan, Maniedath Madhavan Nambiar, Yusuffali Musaliam Veettil Abdul Kader, Madhavan Rangaswamy, Rajesh Kumar Singh, Vazhayil Pathrose Joy, Methale Purayil Hassan Kunhi.
As it entered its fourth year of existence, Kannur Airport commemorated a significant accomplishment. On December 9, 2018, the airport's inaugural flight arrived in Abu Dhabi.
Covid-19 presented difficulties for the aviation industry, but Kannur International Airport Limited (KIAL) made progress.
It's interesting to note that in August and September, the airport was among the top 10 airports in India for a rise in international travelers.
According to the agreement, around 27.37 lakh commuters used the airport, according to the most recent data.
Over 350 tonnes of cargo have been moved since the launch of international cargo services in October. Flowers, fruits, and vegetables have all been exported.
It's interesting to note that within 10 months of KIAI's launch, it successfully attracted 10 lakh travellers.
KIAL is currently working to obtain approval from the Center to permit the introduction of aviation service providers on the international market. The Center has stated, however, that only additional domestic services will be accepted.
Operating Revenue | INR 1 cr – 100 cr |
EBITDA | -179.21 % |
Networth | 5.09 % |
Debt/Equity Ratio | 0.79 |
Return on Equity | -4.18 % |
As of FY2021-22
As per recent reports, with a share price of around INR 120, the market capitalization for Kannur International Airport limited comes to around INR 1600 Cr.
Transactions involving unlisted shares occur in the secondary market with the current owners of the shares, typically current employees or investors in the company. The business itself has no direct involvement.
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Established name in Kerala allows for multiple operations of flights
Ideal location for connecting flights bringing in more people
Newer facilities and infrastructure
Not recognized country-wide
Inexperienced management systems due to newness of airport
Relatively new establishment hinders progress due to travelers choosing bigger airports
The growing Aviation market can result in higher gains
Incorporating more international and connecting flights will bring in more revenue
Low-cost airlines can bring in more customers
Multiple direct and indirect rivals from both inside and outside of state
Varying market stability
Pandemic flares can reduce or even put a stop to operations
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