Cochin International Airport opened in 1999 to wide acclaim as the first and only airport will be built and operated by a private company in India. By 2001, the airport was generating enough revenue to cover their operating costs, but not enough to service its debt or pay dividends to its shareholders. Airport company has been in technical default on its creditors, and its managing director had to figure out quickly how to increase profits or to convince shareholders to make a further large capital inflows. This case is designed to support the discussion of the advantages and disadvantages of private companies with the construction and operation of large-scale infrastructures such as airports. It was developed for use in the execution of the program of privatization and regulation of infrastructure and public services, but it can also be used in the master's level for privatization, infrastructure, and industrial policy. HKS Case Number 1650.0 "Hide
by Jose Gomez-Ibanez, Jay H. Walder 26 pages. Publication Date: March 1, 2002. Prod. #: HKS173-PDF-ENG
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