Friday, March 17, 2017

DIAL gives Aerocity land to Airbus for its India HQ

The GMR Airport-led Delhi international airport (DIAL) on Monday announced that it has signed a land licence agreement with French aircraft manufacturer Airbus for setting up the country’s first full flight simulator at the Aerocity — terminal district of Indira Gandhi International (IGI) Airport.
On the 1.11 acre, the France-based company will set up its full flight simulator to address the growing demand of trained pilots and aircraft maintenance engineers. Airbus will also establish its India Headquarter within the same development.
The land licence agreement was signed for a period till March 31, 2036. DIAL has received the initial security deposit and ADC and will also receive an annual licence fee from this agreement.
17/03/17 The Financial Express