The airport is gearing up for commissioning in August or September.
As per the Information Memorandum prepared by SBI CAPS, the airport is expected to have an approximate annual traffic of 1.65 million international and 0.16 million domestic passengers in FY 2018-19. It is estimated that currently 13% of the district population is employed overseas which is forecasted to be increased is a considerable rate in the coming years.
Kerala’s second greenfield airport, its fourth with the ‘international’ tag, is all set for takeoff. The Kannur International Airport is located in northern part of Kerala State, India. Kannur, a beach town, is the largest city in the northern region of Kerala and the administrative headquarters of Kannur district consisting of many towns and villages which includes Thalassery town (called as Thelicherry during the colonial era), the first heritage town of Kerala due to its historical significance.
Kannur is considered one of the best tourist spot in north Kerala. Kannur, on the other hand, is the 4th largest city after Kozhikode, Thiruvananthapuram, and Kochi.
Kannur International Airport Limited, incorporated in December 2009, is an unlisted public limited company promoted by the Government of Kerala to build, own and operate Kannur International Airport, at Mattannur, about 25 km from Kannur City.
The authorized capital of the Company is Rs. 1,500 Cr, and the current paid up capital is Rs. 1,065 Cr. At present, the equity structure of the Company is as follows:
32.86 % by Government of Kerala
22.54 % by State and Central Public Sector Undertakings
9.39 % by Airports Authority of India
35.21 % by others, including QIBs, Individuals, Companies, Cooperative Banks/Societies, and other legal entities as approved by the Board of Directors from time to time.