GMR Ups Stake in Delhi Airport Amid Growth in Aviation Sector – India Report

Key Points

• GMR Airports Infrastructure Limited has acquired Fraport AG's 10% stake in Delhi International Airport, raising its ownership to 74%.
• Indian airport operators are expected to see a 15%-17% revenue increase in the 2024-25 financial year due to higher passenger traffic and increased tariffs.
• India's domestic aviation market has grown significantly, becoming the third-largest globally, and domestic passenger traffic hit a record 79.35 million in the first half of 2024.

Summary

GMR Airports Infrastructure Limited has acquired a 10% stake from Fraport AG in Delhi International Airport, increasing its ownership to 74%. The Indian aviation sector is projected to see a 15%-17% revenue growth in the 2024-25 financial year, driven by increased domestic and international passenger traffic, higher tariffs, and greater non-aeronautical revenues. Additionally, India's domestic aviation market has become the third-largest globally, with a record 79.35 million passengers in the first half of 2024.