Friday, February 25, 2005
Fraport Wants Stake in Indian Airport
The aviation industry is regarded as an engine for growth in India. The highly populated country is one of the most attractive markets in Asia behind China - a fact not lost on German airport operator Fraport.
In September 2003, India's government decided to sell 74 percent of India's two major airports - Delhi and Mumbai. Now the government is looking for private companies to invest in the airports' expansion. Fraport is planning to invest a total of €30 to €50 million ($40 to $66 million) for a stake of about 10 percent in one of the two airports. "If we are going to be awarded the contract, we are going to first revise the airport's internal company processes," Thiesen explained. For this purpose, Fraport personnel have to be sent to India, training programs have to be set up, and the infrastructure needs to be improved.
Private airlines contend that liberalizing of aviation policies is pointless if infrastructure is not massively extended at the same time. Metropolitan airports suffered from extreme overload, they say. "If new airlines are to enter the market without infrastructure keeping up, the industry is headed for a disaster," Wolfgang Prock-Schauer, chief executive of the biggest private airline Jet Airways, warned.
More here...
- posted by katongking @ 9:50 am
The aviation industry is regarded as an engine for growth in India. The highly populated country is one of the most attractive markets in Asia behind China - a fact not lost on German airport operator Fraport.
In September 2003, India's government decided to sell 74 percent of India's two major airports - Delhi and Mumbai. Now the government is looking for private companies to invest in the airports' expansion. Fraport is planning to invest a total of €30 to €50 million ($40 to $66 million) for a stake of about 10 percent in one of the two airports. "If we are going to be awarded the contract, we are going to first revise the airport's internal company processes," Thiesen explained. For this purpose, Fraport personnel have to be sent to India, training programs have to be set up, and the infrastructure needs to be improved.
Private airlines contend that liberalizing of aviation policies is pointless if infrastructure is not massively extended at the same time. Metropolitan airports suffered from extreme overload, they say. "If new airlines are to enter the market without infrastructure keeping up, the industry is headed for a disaster," Wolfgang Prock-Schauer, chief executive of the biggest private airline Jet Airways, warned.
More here...
- posted by katongking @ 9:50 am
