Deccan Aviation to bid for airport projects as part of a consortium

Bangalore: Deccan Aviation will bid for airports projects across the country as part of a consortium with three other companies, including the Nitin Raheja Group, IDFC and the GVK Group.

According to the Deccan Aviation executive chairman, Capt GR Gopinath, the consortium will bid for airport projects in tier two and three cities across the country, with each partner holding 25 per cent stake in the consortium.

The consortium has bid for three airport projects at Gulbarga, Bijapur and Shimoga in Karnataka. It is also in talks with the Maharashtra as well as the Andhra Pradesh Governments for building airports in tier two cities.

Capt Gopinath said that as the airports themselves will not earn enough revenues for the promoters, industrial parks would be built around them.

With respect to Deccan Aviation, Capt Gopinath said management consultants, Accenture, had been hired to study the back end as well as the front-end integration of the company. The agency is expected to submit its report within six weeks, he said.