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DIAL Sells 50% Stake in DASPL for Rs 128 Mn
AVIATION & AIRPORTS

DIAL Sells 50% Stake in DASPL for Rs 128 Mn

Delhi International Airport Limited (DIAL), the operator of Indira Gandhi International Airport (IGIA), has sold its entire 50 per cent stake in Delhi Aviation Services Pvt Ltd (DASPL) to Bird Flight Services (India) Pvt Ltd for approximately Rs 128 million.

According to a regulatory filing made on Saturday, the sale marks DIAL's complete exit from the joint venture. Bird Flight Services, which previously held a 25 per cent stake in DASPL, has now become the majority stakeholder.

DASPL had been granted the concession to manage bridge-mounted ground support equipment at Terminal 3 of IGIA. This includes operations of ground power units, pre-conditioned air units, and potable water supply systems for aircraft.

The filing also noted that DASPL is not currently engaged in any business operations. DIAL, a subsidiary of GMR Airports, remains the primary operator of IGIA.


Delhi International Airport Limited (DIAL), the operator of Indira Gandhi International Airport (IGIA), has sold its entire 50 per cent stake in Delhi Aviation Services Pvt Ltd (DASPL) to Bird Flight Services (India) Pvt Ltd for approximately Rs 128 million.According to a regulatory filing made on Saturday, the sale marks DIAL's complete exit from the joint venture. Bird Flight Services, which previously held a 25 per cent stake in DASPL, has now become the majority stakeholder.DASPL had been granted the concession to manage bridge-mounted ground support equipment at Terminal 3 of IGIA. This includes operations of ground power units, pre-conditioned air units, and potable water supply systems for aircraft.The filing also noted that DASPL is not currently engaged in any business operations. DIAL, a subsidiary of GMR Airports, remains the primary operator of IGIA.

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