National Aviation Services acquires a majority stake in Indian ground handling services company

Kuwait: Kuwait's leading airline ground handling services provider National Aviation Services (NAS) has signed a landmark agreement with top Indian ground handling company Nova located in Mumbai India.
The agreement was signed by Managing Director Mr. Bara Al-Roumi of NAS and Mr. Sahil Mahta, Director of Nova, India at a signing ceremony at the NAS headquarters in Kuwait will give NAS more than 50% ownership of the Indian company and will enable it to effectively manage projects currently handled by Nova in India.
'Research indicates that passenger traffic into Indian domestic airports will increase to 45 million passengers by the year 2010 and the airlines operating within the country will have around 450 - 500 new aircrafts added to their respective fleets by then. This estimated growth in itself reaffirms our faith in the growing aviation industry in India and NAS along with Nova will definitely be looking towards achieving many milestones in the future' Business Development Director, Adel Al Askar said.
21/05/07 AME Info (press release), United Arab Emirates

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Categories: Airports May 2007, Foreign May 2007