Cochin International Airport (CIAL) is all set to introduce world-class facilities in a budget-friendly manner. Kerala’s Chief Minister Pinarayi Vijayan will inaugurate the aero lounge at CIAL on Sept 1.
Affordable Luxury Concept
There is an innovative ‘affordable luxury’ concept introduced here. The 0484 Aero Lounge prioritizes exceptional premium lounge experience at hourly rates.
This lounge will be situated outside the security areas, next to the business jet terminal 2. Set to open on 1st September, this lounge will be accessible to both visitors and passengers.
Story Behind 0484 Name
The 0484 Lounge name came from Ernakulam’s STD code. This lounge combines art, culture, and the backwaters, landscape representing the uniqueness of Kerela while presenting its unique local culture with aesthetic & budget-friendly accommodations.
This lounge spans across 50000 sq. ft. with 37 rooms, 4 suites, 3 boardrooms, 2 conference halls, a co-working space, a gym, a spa, a library, an exclusive café lounge, and a restaurant. Giving an all-round luxury in one place.
CIAL Statement On This Development
“CIAL is committed to delivering a world-class experience for all passengers. As part of our ongoing expansion, three of the seven mega-projects inaugurated by the Chief Minister on October 2, 2023, are already operational. Now, we proudly launch the fourth: the 0484 Aero Lounge. This lounge introduces ‘The Art of Affordable Luxury’, making premium airport lounge experiences accessible to all passengers at Cochin Airport”, said S. Suhas, Managing Director, CIAL.
“With ongoing enhancements like expanding the international terminal, creating additional lounges, developing a vibrant food court, and upgrading restrooms to the highest standards, CIAL sets new benchmarks in airport luxury, convenience, safety, and hygiene. The 0484 Aero Lounge is a significant milestone in our commitment to elevating passenger services”, he added.
CIAL Is Diversifying Towards Non-Aviation Ventures
CIAL is focusing on Non-aero projects to reduce the risks related to Aviation Industry. Aviation is cyclical. This diversification of resources can decrease the total risk of CIAL’s business.
They are targeting multiple revenue streams and projects like real estate, commercial operations, and related sectors that contribute to financial growth. Read More Here.
CIAL’s Financial Performance
Cochin International Airport Limited (CIAL) had a great financial year in 2023-24. It earned ₹267.17 crore in profit. CIAL also had high overall earnings. It made ₹770.90 crore in revenue and ₹521.50 crore in operating profit. Its strong financial performance shows that it is focused on growth and sustainability in the aviation industry.
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