Fraport AG is selling its stake in Delhi Airport (DEL), India. Under the agreement signed on September 9, Fraport is selling its entire 10.0 percent stake in Delhi International Airport Limited (DIAL) – the joint venture that operates the airport – to its majority owner GMR Airports Infrastructure Limited (GIL) for a price of USD 126 million. Fraport CEO Dr. Stefan Schulte said: “After a successful 18-year partnership driving impressive growth in Delhi, it’s time to start a new chapter. We … [Read more...] about Fraport divests stake in Delhi Airport
Delhi Airport
Delhi, Schiphol to jointly promote trade lane
Delhi Airport and Amsterdam Airport Schiphol have signed a Memorandum of Understanding (MoU) to collaborate on, and promote, cargo business between them. The MoU’s scope includes business promotion, product development, knowledge sharing, training, performance benchmarking and regulatory agency cooperation. It is intended to enhance Delhi’s and India’s logistic capabilities at a global level. Speaking at the signing ceremony in Delhi, I Prabhakara Rao, CEO, DIAL … [Read more...] about Delhi, Schiphol to jointly promote trade lane
