1Assistant Professor (SG), School of Management, Hindustan University, Chennai, India, Email id – archanaraja@hindustanuniv.ac.in
2MBA, School of Management, Hindustan University, Chennai, Email id – pradeep.veteran@gmail.com
The financial research study covers the aspects on Low Cost Airports, how different it is from regular airports, its benefits and sufficient justification that it is a good idea to implement them in India. The study also covers the importance of Multi-Airport system. The spotlight is however placed on Tanjore where a Low Cost Airport is already proposed by the Indian Government. This research includes the Low Cost terminal design for TANJORE. With Tiruchirapalli airport facing saturation & its Runway expansion remaining a long pending issue since 2010, it is important to see Tanjore Airport not just as a Low Cost Airport for promoting regional connectivity, but also as an alternative for Tiruchirapalli Airport. The merits of the proposed method compared to the existing control method are analysed from both the energy saving and cost saving points of view. In accordance with the main stages of the decision making process, first of all the factors affecting the efficiency of time passengers spend in airport terminals are revealed, followed by the relationship among these factors in order to construct a FCM. Finally, the most affected and the most affecting factors are determined and simulations are performed to observe the effects of changes in the values of factors.
Low Cost Airports, regional air connectivity, Tanjore IAF, Runway Expansion, Multi – Airport system
