India's GVK Power & Infrastructure Ltd, through its GVK Airport Holdings Pvt Ltd (GAHPL) subsidiary, signed an agreement to acquire a further 13.5% stake in Mumbai International Airport Pvt Ltd (MIAL) from Bid Services Division (Mauritius) Ltd (Reuters/Financial Express/DHNS/The Hindu/Economic Times, 02-Mar-2011). As a result, GVK's stake in MIAL will increase to 50.5%. MIAL was awarded the mandate for operating and modernising Mumbai Chhatrapati Shivaji International Airport in Apr-2006. GVK did not disclose financial details of the agreement. GVK is the largest stakeholder in MIAL, followed by the Airports Authority of India which holds 26%, Bid Services Division (Mauritius) Ltd (BSDM) with a 13.5% stake and ACSA Global with a 10% stake.
GVK Power & Infrastructure to acquire a further 13.5% stake in Mumbai Airport
You may also be interested in the following articles...
Global Airport Development Conference 2016 report: Trump, Brexit, pipelines and PPPs. Part 1
The Global Airport Development (GAD World) conference was held in Lisbon, between 29-Nov and 01-Dec-2016. This CAPA report chronicles the presentations and debates that took place on the first two days, including selected ‘stream’ sessions on both days.
There was, inevitably, a political overlay to the event, with the (Jun-2016) UK referendum on continuing membership of the European Union (‘Brexit’), the (Nov-2016) election of President Trump in the US and associated ‘uncertainty’ dominating events.
Otherwise, the concern was, as always, the ‘pipeline’ of airport privatisation details, or rather the lack of them, while the hope was for the continuation of the trend towards PPP deals.
HNA's Avolon group to acquire CIT Commercial Air, creating world’s third largest aircraft lessor
HNA Group’s remarkable spending spree continues, with the announcement that its Avolon subsidiary will acquire CIT Commercial Air, the aircraft leasing arm of CIT Group.
The USD10 billion deal will create the world’s third largest lessor - and they may be more to come yet.
Avolon itself was only recently acquired by HNA Group, with the USD2.7 billion purchase agreement being finalised in Jan-2016, via Bohai Capital Holdings.
Avolon is now the core aircraft leasing brand for the HNA Group. Including assets from Hong Kong Aviation Capital, Bohai Capital and several smaller HNA Group leasing firms, Avolon has a fleet of nearly 250 aircraft and almost 200 more on order.