India´s GMR Group is to sell its 40 per cent stake in Istanbul´s Sabiha Gokcen International Airport for 200-250 million (approximately Rs 2,500 crore. For this, the GMR Infrastructure, India´s largest private airport developer, has entered into a definitive agreement with Turkey´s TAV Airports Holdings. For the transaction, now it needs the approval of its partners in the airport. In the Istanbul Airport, Malaysia Airports Holdings owns 20 per cent while Limak Holdings has 40 per cent stake.
Category: Aviation & Airports
Post
Post
Govt likely to sell five AI planes to Etihad
The Union government is soon to decide on the sale of Air IndiaÂ’s five Boeing 777-200 Long Range airplanes to Etihad Airways. The Union Cabinet was scheduled to hold a meeting on December 26 in this regard.
Post
India’s air traffic up by 2.33%, IndiGo top carrier
Registering a growth of 2.33 per cent, Indian domestic airlines flew 51.37 lakh passengers in November this year, against 50.20 lakh passengers carried in the same period last year, says data released by the Directorate General of Civil Aviation.
Post
India’s air traffic up by 2.33%, IndiGo top carrier
Registering a growth of 2.33 per cent, Indian domestic airlines flew 51.37 lakh passengers in November this year, against 50.20 lakh passengers carried in the same period last year, says data released by the Directorate General of Civil Aviation.
Post
GMR to sell stake in Istanbul Airport for Rs 2,500 cr
India's GMR Group is to sell its 40 per cent stake in Istanbul's Sabiha Gokcen International Airport for 200-250 million (approximately Rs 2,500 crore. For this, the GMR Infrastructure, India's largest private airport developer, has entered into a definitive agreement with Turkey's TAV Airports Holdings.
Post
GMR to sell stake in Istanbul Airport for Rs 2,500 cr
India's GMR Group is to sell its 40 per cent stake in Istanbul's Sabiha Gokcen International Airport for 200-250 million (approximately Rs 2,500 crore. For this, the GMR Infrastructure, India's largest private airport developer, has entered into a definitive agreement with Turkey's TAV Airports Holdings.
Post
Govt keen on growth of civil aviation sector
Union Minister of State for Civil Aviation, KC Venugopal told the Rajya Sabha on December 10 that the government has constantly been responding to changing scenario and undertaking sector-specific measures to facilitate and enable growth of the civil aviation sector.
Post
Govt keen on growth of civil aviation sector
Union Minister of State for Civil Aviation, KC Venugopal told the Rajya Sabha on December 10 that the government has constantly been responding to changing scenario and undertaking sector-specific measures to facilitate and enable growth of the civil aviation sector.
Post
Kerala govt okays Rs 133 cr for Kannur airport
A financial action plan of Rs 133 crore for the Kannur airport has been approved by the Kerala State Cabinet. The State Chief Minister Oommen Chandy said that the amount is being sanctioned to bridge the viability gap as there will be delay in getting loans from banks.
Post
Kerala govt okays Rs 133 cr for Kannur airport
A financial action plan of Rs 133 crore for the Kannur airport has been approved by the Kerala State Cabinet. The State Chief Minister Oommen Chandy said that the amount is being sanctioned to bridge the viability gap as there will be delay in getting loans from banks.