Concurrent India buys stake in Kazi Aviation

Concurrent India Infrastructure Ltd, a Mumbai-based company engaged in construction, power and engineering, is acquiring a majority stake in Kazi Aviation & Travel Services for an undisclosed sum. Kazi, a Chennai-based company, is in the business of ground handling, maintenance and repairing of aircraft, Concurrent India said, in its filing to the Bombay Stock Exchange.
Kazi has operations in five airports including Delhi, Mumbai and Chennai. Apart from the maintenance of aircraft of domestic and international aviation companies, Kazi also supports baggage handling at various airports in India.
15/03/10 VCCircle.com/Reuters

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Categories: Airports Mar 2010, New Mar 2010