MDLR Airlines buys Park Plaza Gurgaon

New Delhi: In one of its first-ever acquisitions, Delhi-based regional carrier MDLR Airlines has bought the most expensive ARR (average room rate) five-star hotel in NCR, Park Plaza Gurgaon, for Rs 120 cr. This is the first property of Bestech India as the group diversified into the hospitality business in 2002 from its core business of construction and real estate development.
“The tourism sector in the country is witnessing a great growth. Our group has been very bullish over this sector which has a lot of potential in the coming year. We got a good offer for the outright sale of this property and thus we decided to change hands,” Dharmender Bhandari, MD, Bestech India, told Sunday ET.
In fact, this 45-room star property has been one of the most successful hotels operated in its segment and the valuation has surprised many analysts in the hospitality and financial world. The average rate achieved by this hotel has been the significantly higher than others in the same category. The reason for the owner to put this property on the block was because the group is aggressively looking at expanding into the hospitality business.
20/07/08 Raja Awasthi/Economic Times

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Bomb hoax call delays MDLR flights

New Delhi: Passengers of two flights of MDLR Airlines, travelling from Delhi to Chandigarh and Chandigarh to Delhi, had a harrowing time, after their flights were delayed due to a bomb-cum-hijack hoax.
Sources said a call was received at the MDLR call centre at about 4.45 pm, saying that one of their flight would either be bombed or hijacked. Since there were only two flights operating at that time, both of them were put through anti-sabotage checks. The Kolkata-Ranchi-Delhi-Chandigarh flight, 9H 172, with about 10 passengers, landed in Delhi at 5.10 pm, a short while before airport agencies were informed of the call. All passengers were asked to deboard and their baggage were also off-loaded and put through multiple checks.
Simultaneously, about 30 passengers who were to board the flight for Chandigarh from Delhi, and were in the bus, were also called back. Their registered baggage were also checked. The flight that was scheduled to depart from Delhi at 7.30 pm, finally took off at 9 pm. On the other hand, the Dharamshala-Chandigarh-Delhi flight, 9H 104, that was scheduled to leave Chandigarh at 5.20 pm, was also put through rigorous checks before it finally took off for Delhi later at night.
11/07/08 Times of India

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