NACIL to set up JV with Singapore company

The government has approved setting up of joint venture firms by Air India’s parent company NACIL and Singapore Air Terminal Services...

Written by Press Trust Of India | New Delhi | Published: February 18, 2009 12:21:22 am

The government has approved setting up of joint venture firms by Air India’s parent company NACIL and Singapore Air Terminal Services (SATS) to provide ground-handling services at major airports including Delhi and Mumbai.

The National Aviation Company of India Ltd (NACIL) and SATS would now be able to form the JV on a 50:50 basis at all these airports,as per the government decision yesterday,an official spokesperson said.

In Bangalore,separate JVs would be formed to provide world-class cargo-handling facilities and carry out ground-handling services. The project cost of the cargo-handling facility at the Bangalore International Airport Ltd is estimated to be Rs 99.10 crore,of which both NACIL and SATS will contribute Rs 30 crore each to create the share capital.

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