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Delhi Airport signs agreement with Airbus to develop first full flight simulator

Delhi Airport signs agreement with Airbus to develop first full flight simulator

Web Exclusive  /  Mar 21, 2017

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

Tags Cloud
  • Delhi International Airport (P) Ltd
  • GMR Led Consortium
  • Aerocity
  • Indira Gandhi International (IGI) Airport
  • Air India
  • Indigo
  • Vistara
  • Skilling India
  • Bharti Realty Holdings Limited
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