C.R. Sukumar:

Hyderabad: Integrated infrastructure developer Lanco Infratech Ltd, a company with interests in power and construction, is in talks with an international airport operator to be a partner as it bids for new airport contracts in small Indian towns.

"The global airports operator that we are currently talking to has an experience of handling close to 60 million passengers a year, and is now operating three airports globally. We expect to firm up the deal very soon," said Lanco group chairman L. Madhusudhan Rao.

He declined to name the global airport operator. Lanco, with Rs1,647 crore in revenues last fiscal year, had in the past held talks with Houston Airport Systems, the fourth largest airport operator in the US, to be a partner, but did not conclude a deal, said Sanjay Diwakar Joshi, executive director at Lanco. Full Story...

Posted by dcjaya at December 26, 2007 9:53 PM