Kannur International Airport Limited (KIAL)
Kannur International Airport Limited (KIAL) is a public limited company set up by the Government of Kerala to build, on and operate Kannur International Airport. The company was registered in December 2009 as a private limited company and converted into a public limited one in August 2010. The land after acquisition by the nodal agency M/s KINFRA the same will be transferred to the KIAL. The registered office of the company is at Thiruvananthapuram.
The airport is to be built at Moorkhanparamba area. The Airport will have a runway length of 3,050m initially in Phase one. The orientation of the runway is 07/25, which permits obstacle free approach. The airport is expected to have an annual traffic of more than 1 million international passengers and above 0.3 million domestic passengers as per a 2009-2010 estimate.Construction of the runway is expected to start by October 2013.
The proposed equity structure of the company is as follows:
35 % by the state government, in the form of land
23 % for central and state-owned public sector organisations
26 % by Airport PSU's
16 % by small investors and institutional investors
With the operationalisation of the Kannur airport by 2015, Kerala will be the only state in the country to have four international airports.