German firm Fraport India on Monday said it is in advanced discussions with some entities to jointly bid for the proposed Navi Mumbai airport.
The German company presently holds 10 per cent in the joint venture
GMR-Fraport consortium has hired two international consultants for planning and architecture and is roping in a Tata group company for training employees in housekeeping functions.
A senior executive of GMR group confirmed that both the companies were keen to get out of the venture. Fraport has already closed its development office in India.
Reliance-ASA on Monday emerged as the highest financial bidder for the Delhi airport modernisation project, offering 46 per cent of revenue share to government for the work.
Even as German airport developer Fraport AG is shutting its operations in India, deciding to sell its small stake in the Delhi airport, its competitor in Europe, Zurich Airport, is bullish on Asia's third-largest economy. The company is eying investments in the greenfield international airport projects at Navi Mumbai and Goa.
For the fifth consecutive night, several hundred stranded passengers slept on camping beds at Germany's largest airport in Frankfurt as the authorities struggled to cope with the tension building up among those still unable to catch a flight.
Delhi International Airport, a subsidiary of GMR Infrastructure, will absorb all general employees of Airports Authority of India, working at Indira Gandhi International Airport, New Delhi. There are over 2,300 general employees of AAI.
UK-based Alpha Airports and Future Group's Pantaloon Retail have won a contract valued at Rs 500 crore (Rs 5 billion) to set up duty-free shops at Indira Gandhi International Airport in New Delhi.
Amid stiff global competition from major airport construction companies, a consortium led by Indian developer GMR has bagged an about Rs 11,000-crore (two-billion-euro) project to modernise Istanbul's second airport.
Losing Delhi airport project to rival GMR-Fraport consortium despite emerging as the top financial bidder, Anil Ambani's Reliance Airport Developers on Monday lashed out at the bid process, saying changes in tender conditions hours before the final d
In its petition, Reliance Airport Developers, a company of the ADAE Group, challenged the manner in which the consortium led by it was downgraded as a result of which GMR-Fraport consortium was awarded the contract.
Trade union leader M K Pandhe says the Airport Authority of India can build better airports than private companies.
From a dismal Airport Service Quality ranking of 101 in 2006, it topped the list in 2016.
DIAL is a joint venture consortium of GMR Group, Airports Authority of India, Fraport and Malaysia Airports Holdings Berhad.
Inter-ministerial group to meet on Thursday to finalise model concession pact.
The UPA Government is trying to push through the second wave of airport privatisation before the elections and the controversial elements of this process threaten to harm the sector.
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