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GMR Group EBITDA increases by 170% in 2Q09 as Istanbul terminal opens

17-Nov-2009

India’s GMR Infrastructure, operator at Delhi, Hyderabad and Istanbul Sabiha Gocken airports, has released financial and operating highlights for the three and six month periods ending 30-Sep-2009. Traffic is up at all three managed airports but with a difficult operating environment persisting in India the opening of the Sabiha Gocken terminal, where traffic is up by 35% hints that GMR might continue to focus on foreign ventures and especially in Turkey where more infrastructure is planned. [1432 words]

Unlock the following content in this report:

Subheadings:

  • Fees, fees, fees
  • Istanbul terminal open a year ahead of schedule
  • Plenty of work in Turkey – second runway and third terminal at Sabiha Gocken and a third airport for Istanbul?

Graphs and data:

  • GMR released the following financial/operating highlights for the three months ended 30-Sep-2009 (2Q09) (all financial figures USD million)
  • Six months ended 30-Sep-2009
  • Chart 1: Delhi, Hyderabad and Istanbul Sabiha Gocken airport passenger number growth: Jun-2008 to Jun-2009
  • Chart 2: Delhi, Hyderabad and Istanbul Sabiha Gocken airport aircraft movement growth: Jun-2008 to Jun-2009
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