Fraport to withdraw from India
Part of the operators of Delhi airport, Fraport says there is a lack of opportunities in the country
June 12, 2012
Germany’s Fraport, a partner in the consortium led by GMR Infrastructure that operates Delhi’s Indira Gandhi International Airport, has decided to withdraw and shut down Indian operations because of a paucity of opportunities. It is, in fact, toying with the idea of selling its 10 per cent stake in the Delhi airport to GMR. Though Fraport will close its office in Delhi, it will continue to look at how it can invest in India’s aviation infrastructure from Frankfurt.
The other partner, Malaysia Airports Holdings, however, will not be quitting the Indian consortium but has decided to bid for new airport projects in Indonesia, China, and the Philippines.