Airnetz to raise Rs 250 cr for airport development

Mumbai: Aviation services provider, Airnetz Aviation, plans to raise around Rs 250 crore to invest in the development of alternative and rural airports in the country.
The company today announced its foray into the airport infrastructure development space in India and said its investment will undertake projects on build-operate-transfer model.
The development of alternative and rural airports will help to decongest India's metro airports in Mumbai, Chennai and New Delhi, Airnetz said in a press release today.
The investment will be largely focused on the development of already existing airstrips and new airports in the radius of 200-250 kilometers from congested metro cities, the release said.
30/08/09 Press Trust of India/Business Standard

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Categories: Airports Aug 2009, New Aug 2009