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DENPASAR, BALI - The Hindu Business Line reports that the GVK Group, an Indian company listed on that country’s stock exchange, has finalized an agreement for the operation, management and development of commercial facilities at Bali’s Ngurah Rai International Airport.
The company headquartered in Hyderabad already operates the retail and commercial operations at the Chhatrapati Shivaji International Airport (CSIA) in Mumbai and the Bengaluru International Airport - two airports with a combined annual flow-through of passengers totaling 44 million. The GVK Group is also currently developing an airport in Yogyakarta, a special administrative district in Central Java, under the terms of a memorandum of understanding concluded with the government of Indonesia.
The GVK management agreement for Bali is with the State-owned airport authority Angkasa Pura and covers both the existing terminals and the new international terminal that will be open in the third quarter of 2013.
G.V.K. Reddy, Group Chairman of GVK commenting on the Bali appointment said: “This strengthens relationship with Indonesian Government. We are committed to bring our expertise and experience in transforming the Denpasar International Airport in Bali.
Adding: “Retail, F & B and duty free are significant components of passenger experience at any airport. We are excited to provide passengers in Bali a truly world-class shopping experience, across brands, product variety and price points.”
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