Foreign operators find aviation sector lucrative

Mumabi : After bidding for the development of Shimoga, Gulbarga and Bijapur airports in Karnataka, Changi Airport International (CAI) is planning to enter Indian airport development business in a big way. Just as in the case of these airports, wherein CAI formed a consortium with the Tata Group, it is looking at the joint venture route in other projects too.
On the sidelines of the Aviation and Tourism Investor Summit hosted by the Centre for Asia Pacific Aviation (CAPA) in Mumbai, NG Tim Peng, regional vice-president, CAI told the media that his firm is keen on taking up joint venture projects with an Indian counterpart for the development of regional airports in India.
Meanwhile, talking about what foreign investors look for before investing in airport development of any country, Mark Thompson, executive director, Abu Dhabi Investment Company said that airport investors assess few key characteristics like the government support in terms of minimum revenue guarantee.
12/06/07 Financial Express

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Categories: Airports Jun 2007, Foreign Jun 2007, General Aviation Jun 2007