Tuesday, May 02, 2006

Turkish firm plans $1 bn airport project foray

Mumbai: Turkish ground handling major Celebi Holding Inc is planning to enter Indian aviation market with an earmarked investment of $1 billion.
Celebi is in talks with various Indian companies for strategic partnership in airport management, terminal management and ground handling in India.
“We are scouting for a local partner in India for bidding for the aviation projects. Though we have initiated talks with some Indian companies, nothing has been finalised yet,” said Canan Celebiglu Tokgoz, vice-chairperson, Celebi Holiding Inc.
The Celebi group is active in civil aviation, tourism, transportation and fast food. Established in 1958, the group also focuses on cargo handling, warehouse operations, transit fuel services, load control, communications and passenger traffic.
Jungbir Singh, India representative of Celebi Holding Inc, said the company was looking at the business prospects of tier-II airports of the country.
Tokgoz said the group would like to take part in upcoming projects of Chennai and Kolkata airport modernisation jointly with a local partner.
02/05/06 P R Sanjai/Business Standard
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