AIR INDIA ACQUISITION BY TATA SONS TO GIVE IMPETUS TO AIR TRAFFIC FROM HYDERABAD AIRPORT

GMR Hyderabad International Airport Limited (GHIAL), led by GMR Group on Wednesday welcomed the Tata Sons emerging as the successful bidder for Air India and said that the acquisition will expedite the expansion momentum and open doors for aviation businesses in the emerging southern market.

“The acquisition of Air India by the Tatas brings in the much-needed financial strength to the airline. The sale of AI is good for the aviation industry and businesses. With this development, GHIAL is envisioned to be a major travel hub for people travelling from Southern and Central India. The acquisition will expedite the expansion momentum and open doors for aviation businesses in the emerging southern market,” the official release by the airport said. GHIAL and Air India have enjoyed a strong relationship over the last few years. Air India recently launched two new non-stop international flights from Hyderabad International Airport successfully. The first flight was launched from Hyderabad to Chicago in the United States followed by another maiden flight to Heathrow in London.

With this new development, GHIAL and Air India intend to work more closely and bring synergies to maximize the potential of cooperation between the two entities.

Hyderabad International Airport has a huge number of origin-destination traffic travelling every year to the US, Europe, Australia, SE Asia to name a few. With the limited number of direct connectivity to the US and Europe, Air India with a combination of wide body and narrow body aircraft mix will have extensive opportunity to connect multiple destinations in the US, Europe, and Australia.