1. DIAL gives Aerocity land to Airbus for its India HQ

DIAL gives Aerocity land to Airbus for its India HQ

The GMR Airport-led Delhi international airport (DIAL) on Monday announced that it has signed a land licence agreement with French aircraft manufacturer Airbus for setting up the country's first full flight simulator at the Aerocity — terminal district of Indira Gandhi International (IGI) Airport.

By: | New Delhi | Published: March 17, 2017 5:25 AM
On the 1.11 acre, the France-based company will set up its full flight simulator to address the growing demand of trained pilots and aircraft maintenance engineers. (PTI)

The GMR Airport-led Delhi international airport (DIAL) on Monday announced that it has signed a land licence agreement with French aircraft manufacturer Airbus for setting up the country’s first full flight simulator at the Aerocity — terminal district of Indira Gandhi International (IGI) Airport.

On the 1.11 acre, the France-based company will set up its 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 licence agreement was signed for a period till March 31, 2036. DIAL has received the initial security deposit and ADC and will also receive an annual licence fee from this agreement.

Airbus India had decided to open its full flight training centre at Delhi Aerocity keeping in mind the growing requirements of its customers as Delhi is a key base for airlines like Air India, Indigo and Vistara.

Most of the Indian carriers, barring SpiceJet, are customers of Airbus. It also has a huge order book from Indigo and GoAir. So Airbus needs a place in the city to cater to the service demand.

“This is the second significant transaction in Delhi Aerocity after a recent deal with Bharti Realty Holdings. 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,” said a DIAL spokesperson.

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