RIL eyes tier-II city airports to grow ATF biz

Riding on the back of growing air travelers in India, Reliance Industries (RIL) plans to increase its presence in tier II city airports by commissioning aviation fueling stations at six more airports in FY11.
“The company intends to commission these facilities at three airports in south India, and one each in east, central and west of India. The new establishments would take the company’s presence to 30 airports from 24 at present,” a person familiar with the development told Financial Chronicle. “The company is not looking to enter Tier I cities as of now, largely due to exorbitant land price when compared with Tier II cities.”
“These 30 airports would cater to 95 per cent of the ATF demand by the civilian air traffic. At present, the 24 airports cater to 30 per cent of the ATF demand,” RIL said in its latest annual report to shareholders.
RIL is now present at 24 non-metro airports.
27/05/10 Vikas Srivastav/mydigitalfc.com

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Categories: Airports May 2010