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Tag Archives: GVK Airport Developers

Bengaluru and Mumbai airports plan runway closures. Pax, airlines, fares hit.

Runway 09 at Kempegowda airport, Bangalore. Image copyright Devesh Agarwal. All rights reserved. Used with permission.

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, …

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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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