CAPA and SCDC announce joint venture to develop USD125m aviation campus
Centre for Asia Pacific Aviation (CAPA) and India's Subramanya Construction and Development Company (SCDC) signed (01-Nov-2010) a joint venture agreement to develop CAPA AeroPark. This world-first integrated aviation university and training campus, established with an investment of USD125 million, will be developed on a 50 acre site in Bangalore, with satellite academies in Delhi and Mumbai, the country’s two largest aviation markets. There are plans for a further roll-out to other metro cities across India, South Asia and the Gulf. CAPA AeroPark satellite academies in New Delhi and Mumbai are scheduled to open in 2H2011, with the Bangalore campus opening in 2012. [more]
CAPA: “We are excited to launch this new and vital concept in India to support the long-term growth of the aviation sector. There is an emerging global shortage of skilled human resources in the industry, which is particularly acute in rapidly emerging markets such as India and neighbouring regions. The aviation industries in India and the Gulf alone are expected to see investment of in excess of USD200 billion over the next decade and availability of skills is critical to support this. CAPA AeroPark is different in that it will only work with the leading global education and training providers. We are delighted to have SCDC as our partners in this venture, our complementary strengths in aviation and major project development are ideally matched to bring CAPA AeroPark to fruition.” Peter Harbison, Group Executive Chairman, CAPA. Source: Company statement.