The Airports Authority of India Act, 1994

The Airports Authority of India Act, 1994 was enacted to provide for the establishment of the Airports Authority of India (AAI) and its powers and functions. The AAI is responsible for the management and development of airports in India. The Act defines the composition and functions of the AAI, including its powers to acquire, hold, and dispose of property, enter into contracts, and borrow money. The Act also outlines the procedure for the appointment and removal of members of the AAI, as well as the powers and duties of the AAI Board and Chairman. The Act further defines the regulatory framework for airport operations and the rights and liabilities of the AAI.