Zurich Airport to divest most of its shareholding in Bangalore Airport

After a turbulent eight years since its selection as operator and co-investor in the greenfield new Bangalore International Airport, Zurich Airport has announced plans to reduce its stake in Bangalore International Airport Ltd (BIAL) from 17% to just 5%. The stake will be sold to either an existing shareholder or new strategic partner, with the aim of forging a development partnership. [1066 words]

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This report contains the following subheadings:

• Bangalore Airport reports traffic growth for Jul-2009
• After a disappointing first year – things are looking up
• Minor expansion works to start in 2010
• Nortel contract extended

This report contains the following charts and tables:

• Bangalore International Airport passenger traffic growth (% change year-on-year): Jul-2008 to Jul-2009