The aviation services provider Air Works will invest close to USD 40 million by the end of next fiscal. The investment will be made to augment aviation facilities in Bangalore, Mumbai, Goa, Kolkata and Delhi, among others. According to a report in today’s Financial Chronicle by Vivek Sinha and Parul Chapparia, the company has tied up with Jet Aviation to bid for an FBO (Fixed Base Operator) licence for Delhi International Airport Limited (DIAL).
“We have received Expression of Interest (EoI) and plan to invest about USD five million for the Delhi project,” said Fredrik Groth, CEO, Air Works. FBO provides services including special lounges and conferencing facilities, aircraft fueling, de-fueling, aircraft parking, power plant and accessory service, radio, avionics and instrument service, air charter or aircraft rental at an airport. |