Passenger Terminal
The daily portal for the latest airport passenger terminal news and views
   Sort by: relevance most recent


Zurich Airport to divest 5% stake in Bangalore International

Zurich Airport has reached an agreement to sell its 5% minority shareholding in Bangalore International Airport Limited (BIAL), the operator of Kempegowda International Airport in Bengaluru, India, for approximately US$50m.

The transaction is subject to customary closing conditions and is scheduled for completion by Q3 2016. BIAL currently owns and operates Kempegowda Airport under a 30-year concession from the Indian government.

Zurich Airport was one of the first foreign operators to be involved in the privatization of airports in India and was selected in 2001 as a shareholder for the airport. Since the start of construction in 2005, Zurich Airport successfully transferred its operational expertise to BIAL through an operations, management and services agreement (OMSA) that helped transform Kempegowda into one of India’s fastest growing airports. In 2015, Skytrax named Kempegowda as the ‘Best Regional Airport in Central Asia’.

In recent years, Zurich Airport’s role has been gradually reduced to a minority shareholder leading to the decision to monetize the remaining 5% stake in BIAL. Zurich Airport previously sold 12% of its shareholding in BIAL to GVK Power and Infrastructure in 2009.

April 18, 2016


Your email address:

Monthly Poll >>

Is the investment in services such as peer-to-peer car rental worthwhile for airports?


Click here for listings and information on leading suppliers covering all aspects of the passenger terminal industry. Want to see your company included? Email Damien de Roche.

View all suppliers >>

Passenger Terminal World >>

Read latest issueNEW DIGITAL EDITION:
Passenger Terminal World March 2018 is now online.

Read now.

More Information>>

Railway Terminal World >>

Read latest issueNEW DIGITAL EDITION: From the publishers of Passenger Terminal World, the only magazine dedicated to railway terminal and station design and technologies.

Read the free digital edition >>

TV >>

New Shops and Restaurants coming to T3 at Phoenix Sky Harbor

Watch Now >>

Annual Showcase 2018 >>

Read latest issueNEW DIGITAL EDITION:

Passenger Terminal World Showcase 2018 is now online.

Read now.

More Information >>