Corporates resist hangar takeover bid

Raymonds, Tatas, Mukesh Ambani and ESSAR, they all have reason to worry now. It has nothing to do with the rise and fall of the Sensex. In fact, these corporates are now getting set to battle it out with the Airport authority of India, which has asked them to vacate their private jet hangars for the development of Mumbai airport.
Raymonds, Tatas, Mukesh Ambani and ESSAR, they have been asked to vacate the hangars by June 30, 2008.
It's going to be a 'Battle Royale', the buckling swords of the industry giants are out, as India's biggest tycoons are ready to slug it out with Airport Authoritiy of India (AAI) - for their status symbols, their hangars for private jets.
The AAI has asked the country's top corporates to vacate the land, on which these hangars are built for the development of the airport.
12/06/08 Times Now.tv

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Categories: Airports Jun 2008