19:57 GMT19 February 2020
Listen Live
    Asia & Pacific
    Get short URL
    0 21

    New Delhi (Sputnik): This is the first major success for the Switzerland-based company Zurich Airport International, as it has received setbacks five times in this year. Adani enterprises won bids to operate five major international airports in all those cases.

    The Switzerland-headquartered company Zurich Airport International made the highest-per-passenger bid for the proposed Jewar airport to outdo other contenders, such as Delhi International Airport Limited, Adani Enterprises Limited, and Anchorage Infrastructure Investments Holdings Limited.

    “Zurich Airport International AG has made the highest bid for developing the Jewar airport and has been selected as the concessionaire for the airport”, the nodal officer for the project, Shailendra Bhatia, said on Friday.

    Official sources added that Delhi International Airport Limited (DIAL), owned by GMR Group, quoted INR 351 per passenger, Adani (INR 360) and Invest Holding (INR 205), while Zurich Airport International quoted INR 400.97 per passenger in the bidding.

    Jewar Airport or the Noida International Greenfield Airport will come up in the 5,000 hectare area when fully constructed and is estimated to cost $4.1 billion. Jewar airport will be the third one in India’s national capital region after Delhi’s Indira Gandhi International Airport and Ghaziabad’s Hindon Airport.

    The technical bid had opened on 6 November and the four bidders were qualified on Wednesday.

    The Swiss-based firm is entering the Indian aviation sector when it is grappling with a financial crisis. Earlier this year, India’s first private airline, Jet Airways, announced a suspension of its services for an indefinite period due to an unbearable debt of more than $1 billion over the firm.

    Other major airlines, including aviation giants Spice Jet and Indigo, were also operating at a loss for the financial year 2018-2019.


    Outrage Online as India's Biggest Airline IndiGo's Servers Down Across the Country
    India Set to Be World's Fastest Growing Aviation Market Over Next 20 Years - Boeing
    India’s Aviation Industry Stares at Bleak Future Despite Being Fastest Growing Market
    cooperation, airport, Zurich, India
    Community standardsDiscussion
    Comment via SputnikComment via Facebook