- The 1.11 acre land license agreement with Airbus was signed today for a period till 2036
- Airbus to develop a full flight simulator and its India Headquarter office at the Aerocity - Terminal District
Delhi International Airport (P) Ltd, a GMR led consortium, today announced that it has signed a land license agreement with Airbus for setting up India’s first full flight simulator at the Aerocity - Terminal District of Indira Gandhi International (IGI) Airport.
On the 1.11 acre of land, the France based company will set up India’s first full flight simulator to address the growing demand of trained pilots and aircraft maintenance engineers. Airbus will also establish its India Headquarter within the same development.
The land license agreement was signed today between DIAL and Airbus India for a period till 31st March, 2036. DIAL has received the initial security deposit and ADC and will also receive an annual license fee from this license.
Airbus India had decided to open its full flight training centre at Delhi Aerocity - Terminal district keeping in mind the growing requirements of its customers as Delhi is a key base for most of the airlines - Air India, Indigo and Vistara.
Commenting on the development, a DIAL spokesperson, said: “DIAL has taken an initiative to develop Aerocity into a world class business destination and provide excellent amenities and facilities to various aviation and other related businesses. This initiative is driven by the Hon’ble Prime Minister’s ‘Make in India’ and ‘Skilling India’ vision. The Terminal district of Delhi Aerocity will see development of over two million square feet. This is the second significant transaction in Delhi Aerocity after recent deal signed with Bharti Realty Holdings Limited. DIAL is putting together a plan for development of infrastructure for public amenities at Aerocity in an effort to increase the velocity of land monetisation.”
DIAL earlier had awarded Bharti Realty Holdings Limited, the contract to design, develop, construct, finance, own, operate and maintain land parcel at Delhi Aerocity – Gateway District with a maximum permissible area of 1.96 lakh square meters. The transaction involved upfront payments of Rs. 315 crore and a license fee equivalent to 20 per cent of revenue with minimum guaranteed payments.
Delhi Aerocity has now emerged as a preferred hospitality and commercial hub in the National Capital Region (NCR). Approved in 2007, in its first phase was predominantly developed as a Hospitality District for hotels and corporate offices in the heart of IGIA. Currently over 3000 hotel rooms are operational and over 1500 hotel rooms are under development that will get operational in a phased manner. Prominent hospitality brands at Aerocity include Pullman, Novotel, Holiday Inn, IBIS, JW Marriott, Hyatt Andaaz and others that provide a complete range across luxury, mid-segment and budget hotel categories. Apart from the hotels, the hospitality district also showcases the Worldmark I, 2 & 3 which is a premium office and retail development of approx. 1.1 million square feet by Bharti Group.
Indira Gandhi International Airport (IGIA) recently has been adjudged as world’s number 2 airport in the highest category - over 40 million passengers per annum (MPPA) – as per Airports Council International (ACI) – ASQ 2016 rankings.
The GMR Group led, Delhi International Airport (P) Ltd (DIAL) is a consortium comprising of GMR Group, Airports Authority of India and Fraport. The consortium has a mandate to finance, design, build, operate and maintain the Delhi Airport for 30 years with an option to extend it by another 30 years. It has truly proven to be a shining example of Public Private Partnership (PPP) and Make in India. Delhi Airport has been adjudged as World No. 2 Airport by Airports Council International (ACI) in 2016 in the category of over 40 Million passengers per annum (mppa). DIAL completed the modernization of Delhi’s IGI Airport including the commissioning of Terminal 3 (T3) - India’s largest building post-independence in a record time of 37 months.
The passenger Terminals managed by DIAL are recognised for their state-of-the-art infrastructure, design and operational efficiency. T3 serves as a hub for many carriers and has truly redefined the way Indian passengers fly. Delhi Airport is a leading Indian airport both in Passenger and Cargo capabilities with an annual traffic of 48.4 mppa and Cargo tonnage of over 0.76 million tons.
DIAL lays strong emphasis on green sustainable technologies and has won numerous awards and recognitions for the environmental sustainability initiatives.
For further information about DIAL, visit http://www.newdelhiairport.in/
About GMR Infrastructure Limited
GMR Group is a leading global infrastructure conglomerate with interests in Airport, Energy, Transportation and Urban Infrastructure. The group has fifteen power generation projects of which ten are operational and five are under development and construction stages. Besides, it has seven operating road assets and a double rail track line between Mughalsarai-New Bhaupur (Kanpur) of Eastern Dedicated Freight Corridor is under development.
GMR Group developed and operates India's busiest Indira Gandhi International Airport in New Delhi and Rajiv Gandhi International Airport at Hyderabad. It has recently won the concession to develop and operate Goa’s Greenfield Airport at Mopa. GMR Infrastructure in partnership with Megawide Construction Corporation is developing Mactan Cebu International Airport (MCIA) in Philippines. The Group is also developing two Special Investment Regions at Krishnagiri and Kakinada and India's largest Smart Airport City near Hyderabad International Airport.
GMR Group, through its Corporate Social Responsibility arm, GMR Varalakshmi Foundation, carries out community-based development initiatives at 29 locations in India and Nepal in the areas of education; health, hygiene and sanitation; empowerment and livelihoods; and community development.
For further information about GMR Group, visit http://www.gmrgroup.in/index.html
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