GHIALGMR Hyderabad International Airport Ltd. (India)
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GHIAL faces limited regional competition from Bangalore and Chennai airports or alternative modes of transport.
GHIAL operates the Rajiv Gandhi International Airport located at Shamshabad, Hyderabad which commenced commercial operations on March 23, 2008.
GHIAL is in the process of setting up a logistics hub at the SEZ that would primarily support the aircraft maintenance functions.
A spokesperson of GHIAL said, " GHIAL had filed four cheque bounce cases against Kingfisher Airlines amounting to Rs10.
ICRA however expects revenues to grow steadily in line with the expected growth in traffic, which, together with the various measures currently being taken by GHIAL to augment non-aeronautical revenues and the expected favourable fallout of the regulatory framework, once finalised, is expected to result in an improvement in GHIAL's financial profile.
GHIAL has told AERA that the increase in UDF is required to maintain the globally benchmarked performance standards and was also backed by the state government.
Laqshya Hyderabad Airport Media, a 99% subsidiary of Laqshya Media Pvt Ltd was floated solely for the purpose of managing outdoor advertising at Hyderabad Airport as mandated by the contract with GHIAL.
GHIAL will own 51% of the equity a new joint venture, with Menzies Aviation Plc accounting for the remainder.
GHIAL said: The solar power plant has started generating around 25,000 units/day of pollution free energy and meeting the airport's peak power demand during day-time.
SGK Kishore, CEO, GHIAL said, Hyderabad Airport, like other group companies of GMR, is committed towards generating renewable energy.
SGK Kishore, chief executive officer GHIAL said, "We have been continuously working to enhance the passenger experience at Hyderabad Airport.
MGAE was a joint-venture company of GHIAL and MAE before the acquisition.