City-based Air Excellence Aviation Private Ltd (AEAPL) which has a tie-up with the cargo aircraft division of Russia’s United Aircraft Corporation is planning to set up small airports and air logistics centres across India.
The company founded by Manish Kapoor intends to set up 100 Business Development Areas (BDAs) which will have small airports, and an equal number of air logistics centres (ALC) that comprise airstrips for cargo handling, in the country.
“Our idea is to expand air connectivity to tier 2 and 3 cities on a large scale. We will rope in the state governments and private players to execute the projects,” Manish Kapoor, Chairman and Managing Director, AEAPL, told The Hans India.
The company will own a majority stake of 51 per cent in 10 BDAs and an equal number of ALCs, while the remaining projects will be taken up with partners who are willing to invest the entire amount.
According to him, each of the BDAs and ALCs require an investment of Rs 100 crore and will be able to generate at least 400 jobs. “The land requirement for each project is anywhere between 300 to 400 acres,” Kapoor said. Colorado Avalanche JerseyShare This