Aerospace Diary

Neelam Mathews, Delhi   - IHS Jane's Airport Review 04 April 2016     The Mauritius-based subsidiaries of Fairfax India Holdings Corp and Fairfax Financial Holdings Ltd will collectively acquire 33% of the equity of Bangalore International Airport Ltd (BIAL) from Bangalore Airport & Infrastructure Developers, a subsidiary of GVK Power and Infrastructure. The transaction is valued at approximately USD321 million, with completion expected by mid-2016. BIAL owns and operates the Kempegowda International in Bengaluru, the first airport in India to be built by a public-private partnership. Today, GVK Group is the largest shareholder in BIAL with a 43% stake, followed by Siemens Project Ventures (26%). Government-owned Airport Authority of India and Karnataka State Industrial Investment & Development Corp Ltd hold 13% each, while Flughafen Zurich has 5%.....Read more in Janes Airports Review 

Neelam Mathews June 20, 2011 Cathay Pacific Airways has launched direct bi-weekly freighter service between Chennai and Frankfurt.  The service will operate on Wednesdays and Thursdays in addition to the four freighter services Cathay Pacific currently operates from Chennai to Hong Kong. These freighters will continue onwards to Manchester on Wednesday and Brussels on Thursday, making Cathay Pacific Cargo online to three European destinations from South India.  “India is shining -a growing economic super-power and has always been a big focus for Cathay Pacific Cargo.   We have grown in the country over the last few years and today we are the biggest freighter operator in India. Ever since we launched freighter services from Chennai to Hong Kong in 2006, the route has always performed well. With South India becoming the industrial hub of the country we are thrilled to commence freighter services from Chennai to Frankfurt,.” Tom Wright, General Manager –...