Deccan forms consortium to bid for airport projects

Bangalore: Deccan Aviation has said it has formed a consortium for bidding for airports projects across the country.
The Deccan Aviation Executive Chairman, Capt G.R. Gopinath, told newspersons at the sidelines of a press conference that his company along with the Nitin Raheja Group, IDFC and the GVK Group had formed a consortium to bid for airport projects in tier two and three cities across the country. Each of the partners will hold 25 per cent stake in the consortium.
The consortium has bid for three airport projects in Karnataka which include, Gulbarga, Bijapur and Shimoga. It is also in talks with the Maharashtra Government as well as the Andhra Pradesh Government for building airports in tier two cities.
Capt Gopinath said that as the airports themselves will not earn enough revenues for the promoters, industrial parks will be built around them. This will help the airports get a steady stream of passengers as well as revenues from the industrial parks.
Capt Gopinath said Deccan Aviation had hired Accenture to study the back end as well as the front end integration of the company.
The consultancy agency is expected to submit a report within six weeks, he said.
05/11/07 K. Giriprakash/Business Line

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Categories: Airports Nov 2007, New Nov 2007, Simplifly Deccan Nov 2007