France’s Groupe ADP to buy 49% stake in India’s GMR Airports
Feb 21, 2020: Groupe ADP has agreed to pick up a 49 percent stake in GMR Airports, a unit of India’s GMR Infrastructure (GIL), for Rs 107.8 billion (€1.36billion). GMR Airports owns and operates Delhi International Airport and Hyderabad International Airport.
The acquisition will be done in two stages, with the first phase for a 24.99 percent stake to be carried out over the next few days. The second phase, for the remaining 24.01 percent, is currently pending regulatory approval from the Reserve Bank of India and is expected to close in the next few months.
Groupe ADP develops and manages airports, including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. In 2019, the group handled through its brand Paris Aéroport more than 108 million passengers and 2.2 million metric tonnes of freight and mail at Paris-Charles de Gaulle and Paris-Orly, and more than 110 million passengers in airports abroad.
Boasting an exceptional geographic location and a major catchment area, the Group is pursuing its strategy of adapting and modernizing its terminal facilities and upgrading quality of services; the group also intends to develop its retail and real estate businesses. In 2019, group revenue stood at €4,700 million and net income at €588 million.
You may also like:-
The specialised product will serve the anticipated global demand for swift and secure shipment services ahead of a COVID-19 vaccine.
Qatar Airways Cargo and SkyCell have signed an agreement to lease SkyCell containers. The addition of these temperature-controlled hybrid containers will allow the cargo carrier to transport their pharmaceuticals across its extensive global network.
Qatar Airways Cargo has roped in Kirsten de Bruijn for the role of senior vice president, Cargo Sales and Network Planning.
From October 2020, DACHSER will be the new forwarding partner for Danone. As a new strategic logistics partner, DACHSER will take over all transports within Germany.
DSV will open its first self-storage building as part of the company’s new strategic focus on the B2C self-storage market on October 1.
The new agreement will see Sanad Aerotech providing IAE with expanded MRO services for its V2500 engines, which powers the Airbus A320 family of aircraft.
Working together, the transportation was planned well in advance as SkyCell 1500C containers needed to be shipped from Europe to Asia in pre-conditioned mode. Once they arrived in Hong Kong, they were loaded with vaccines to be flown back under temperature range +2 to +8 degrees Celsius.
Inspite of the challenges, there has been an improvement which is seen from the increase in the overall revenue and other operating income to QAR 51.1 billion, up 6.4 per cent compared to last year.
Over 12,000 donations have poured in from over 140 countries enabling airline to uplift more humanitarian cargo into Lebanon
The results focused on data accuracy between the real-time data delivered and the data recorded and stored in the containers.
Virgin Hyperloop and Bangalore International Airport Limited (BIAL), inked a MOU to conduct a feasibility study for a proposed Hyperloop corridor from BLR Airport.
Thielemann-Hald succeeds Martin Wehner, who has successfully managed the automotive business at Hellmann in recent years and has now assumed the role of chief commercial officer Europe.
They delivered vital aid supplies to the crisis-struck refugee camp, which is said to be the largest in Europe.