As Air traffic grows at an exponential pace, Indian airports are struggling to keep up. Building capacity ahead of demand has never quite been the norm and this is now catching up. Airports like Mumbai, Bengaluru, Pune, Goa are severely constrained and in the near term the capacity woes will continue. While terminal capacity and landside capacity can be managed, …
Read More »Tag Archives: GVK Airport Developers
GVK to sell 33% stake in BIAL to Fairfax
As part of its debt reduction exercise, GVK Power & Infrastructure Ltd, which leads a consortium owning Bangalore International Airport Ltd (BIAL), through wholly owned subsidiary GVK Airport Developers, has announced it will sell a 33% stake in the airport operating company to Prem Watsa promoted Fairfax India Holdings Corporation and Fairfax Financial Holdings Limited for Rs. 2,149 crore (approx …
Read More »