Delhi International Airport (P) Ltd, a GMR led consortium, has announced that it has signed a land license agreement with Airbus for setting up India’s first full flight simulator at the Aerocity - Terminal District of Indira Gandhi International (IGI) Airport.
On the 1.11 acre of land, the French company will set up India’s first full flight simulator to address the growing demand of trained pilots and aircraft maintenance engineers. Airbus will also establish its India Headquarters within the same development.
The land license agreement was signed between DIAL and Airbus India for a period till 31st March, 2036. DIAL has received the initial security deposit and ADC and will also receive an annual licence fee. Airbus India had decided to open its full flight training centre at Delhi Aerocity Terminal district keeping in mind the growing requirements of its customers as Delhi is a key base for most of the airlines — Air India, Indigo and Vistara.
Commenting on the development, a DIAL spokesperson, said, “DIAL has taken an initiative to develop Aerocity into a world-class business destination and provide excellent amenities and facilities to various aviation (companies) and other related businesses. This initiative is driven by the Hon’ble Prime Minister’s ‘Make in India’ and ‘Skilling India’ vision. The terminal district of Delhi Aerocity will see development of over 2 million square feet. This is the second significant transaction in Delhi Aerocity after the recent deal signed with Bharti Realty Holdings Limited.”
DIAL earlier had awarded Bharti Realty Holdings Limited, the contract to design, develop, construct, finance, own, operate and maintain the land parcel at Delhi Aerocity –Gateway District with a maximum permissible area of 1.96 lakh square meters. The transaction involved upfront payments of Rs 315 crore and a license fee equivalent to 20 per cent of revenue with minimum guaranteed payments