GVK to manage commercial operations of Indonesian airport

GVK to manage commercial operations of Indonesian airport
GVK has signed an operation and management contract with the Airports Authority of Indonesia, (Angkasa Pura Airports AP1). The Indonesian Government airport operator to manage the non-aeronautical commercial operations at Indonesia’s second busiest Bali (Denpasar) International Airport.
With immense tourism potential, the Government of Indonesia is focussed on developing and investing in new airport infrastructure across the country.
GVK is also developing an international greenfield airport in Yogyakarta in central Java in collaboration with the Government of Indonesia. This follows the MoU that GVK had signed in January 2011 with the Government of Indonesia. The MoU for the Yogyakarta airport is an agreement between Angkasa Pura Airports (Government of Indonesia owned airport operations and management company) and GVKPIL.
Speaking on the occasion, Dr. GVK Reddy, Chairman, GVK Power & Infrastructure Ltd., said: “This development is a true testament to GVK’s established track record in the operation and management of India’s leading airports in Mumbai and Bangalore. We are happy to strengthen our relationship with Indonesian government. We are committed to bring our expertise and experience in transforming the Denpasar International Airport in Bali as well.” Back home, GVK has emerged as India’s largest airport operator in the private sector. GVK’s two airports in Mumbai and Bangalore together handled passenger traffic of about 44 million in the year 2011-12.

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