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March 28, 2016 – Bangalore Aviation

Daily Archives: March 28, 2016

GVK to sell 33% stake in BIAL to Fairfax

The main passenger terminal building at Bangalore Airport.

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 …

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Jet Airways begins operations from Amsterdam

Ambassador of Netherlands to India, handing over the boarding pass to the first passenger in Delhi

Jet Airways has begun operations from it’s new European hub at Amsterdam鈥檚 Schiphol Airport yesterday. 9W 232 from Mumbai departed at 0225 hrs (IST) 9W 234 from Delhi at 0235 hrs and 9W 233 from Toronto at 1935 hrs (local time). All three flights landed at Amsterdam on schedule. Read our analysis on Jet Airway’s shift to Amsterdam. Before the …

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Tatas and its nominee Directors to take majority stake in AirAsia India

S Ramadorai, Ratan Tata, Tony Fernandes and Mitu Chandilya with AirAsia staff

Tata Sons Limited and its nominated Directors Mr. S. Ramadorai (Chairman) and Mr. R. Venkataramanan, have together entered in to an agreement to take over the stake of Arun Bhatia promoted Telestra Tradeplace Limited in Air Asia India Limited, to gain a majority stake in the airline. Air Asia India is a joint venture promoted by Tony Fernandes promoted AirAsia …

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