Swissport International has concluded a joint-venture agreement with Punj Lloyd Limited (PLL), one of India’s largest engineering and construction companies. Swissport will own 51% and PLL 49% of the new…
Swissport International has concluded a joint-venture agreement with Punj Lloyd Limited (PLL), one of India’s largest engineering and construction companies. Swissport will own 51% and PLL 49% of the new joint venture. With one of the fastest-growing markets in the entire aviation sector, India is a prime priority for Swissport, which sees it as having strong business potential.
The new joint venture will provide a vehicle for both partners to develop projects in the Indian ground handling market, taking advantage of Swissport’s brand and know-how and PLL’s local expertise. The Indian aviation market is currently being liberalised and offers attractive development opportunities.
“This joint venture is a significant business opportunity,” says Joseph In Albon, President & CEO of Swissport International. “It will open up new avenues for developing Swissport in India, and enable us to serve this market with the same high quality standards that we provide all around the world.”
Atul Punj, Chairman of PLL, is equally pleased. “This joint venture will enable Punj Lloyd to enter into a new business field in the aviation sector in India which has robust growth opportunities,” he says. “We are enthusiastically looking forward to developing our partnership with Swissport into a very successful business.”
Swissport has substantially expanded its involvement in Asia’s prime growth markets over the last few months. These activities have included the opening of a Singapore operation (in March 2005), an acquisition in Korea (in May 2005) and the acquisition of a Japanese-based company (in August 2006). No date has yet been set for the start of Swissport’s Indian operations.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
![[PR] PR_Ascott and Vimut Hospital_2024](https://www.traveldailynews.asia/wp-content/uploads/2024/04/PR-PR_Ascott-and-Vimut-Hospital_2024-400x265.jpg)
