Launched in 2008, BLR Airport has been visited by more than 250 million passengers as of June this year. The airport serves 61 domestic and 14 international destinations, the website shows.
Fairfax Financial Holdings Ltd is said to mull; Bengaluru Airport (BIAL) also known as Kempegowda International Airport, Bengaluru; IPO at a $3.7 billion valuation as soon as next year. On October 28, Fairfax, controlled by Canadian Billionaires Prem Watsa, said that it has no intention to sell its ownership interest in Bangalore International Airport Limited (BIAL).
Fairfax has invested over $1 billion in the airport – Prem Watsa’s largest investment in India. It has a total investment of $7 billion in India and also plans double it in the next 4-5 years.
Fairfax owns around 54 percent of BIAL, Siemens Project Ventures GmbH holds 20 percent, Airports Authority of India 13 percent, and Karnataka State Industrial and Infrastructure Development Corp 13 percent. Launched in 2008, BLR Airport has been visited by more than 250 million passengers as of June this year. The airport serves 61 domestic and 14 international destinations, the website shows.
