Skift Take
GMR group's decision to increase its stake in the Delhi International Airport comes at a time when airport operators' revenue growth could top 15% this year.
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GMR Airports Infrastructure Limited has entered into an agreement with Fraport AG Frankfurt Airport Services Worldwide to acquire Fraport's 10% stake in the Delhi International Airport. With this, GMR will hold a 74% equity stake in the airport, while the remaining 26% stake will continue to be with Airports Authority of India (AAI).Â
GMR is acquiring the stake for $126 million.
The GMR group operates three airports in India: Delhi International Airport, Hyderabad International Airport, and Manohar International Airport, Goa. It is also currently developing an international greenfield airport in Andhra Pradesh.
Rise in Airport Operators’ Revenue: Indian airport operators are expected to witness a 15% to 17% increase in their revenue during the ongoing 2024-25 financial year, according to credit ratings agency ICRA. Increase in domestic and international passenger traffic, rise in tariffs at some of the major airports, and amplification of non-aeronautical revenues are expected to drive the revenue growth.
Earlier, credit ratings agency CRISIL also said that an increase in passenger volumes will lead to an increase in aeronautical revenue, such as fees collected from