Celebi and KSU Aviation accord

Written by: Alwyn Brice |
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Celebi has just signed an agreement for a 50% partnership in India-based KSU Aviation, which will provide taxi-ing services to airline carriers at Delhi Indira Gandhi airport.

Çelebi will be making a capital payment of around €4.1m (US$4.61) to effect the deal.

In a statement, the ground handler said that a partnership agreement had been signed with Ashwani Khanna and Zaheda Khanna, the founders and shareholders of the KSU Company, to become a 50 percent partner in KSU Aviation by participating in the capital increase to be made in this company.

In line with the agreement, KSU will make an investment of about €6m in equipment over the next five years for taxi-ing services at Delhi's Indira Gandhi airport at a time when KSU's average annual turnover is expected to be about €3.5m.

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