NEWS DELHI: Delhi International Airport (P) Ltd, a GMR led consortium, today announced that it has signed a land license agreement with Airbus for setting up India’s first full flight simulator at the Aerocity – Terminal District of Indira Gandhi International (IGI) Airport.
“On the 1.11 acre of land, the France based company will set up India’s first full flight simulator to address the growing demand of trained pilots and aircraft maintenance engineers. Airbus will also establish its India Headquarter within the same development,” the release from the airport operator said.
The land license agreement was signed today between DIAL and Airbus India for a period till March 31, 2036.DIAL has received the initial security deposit.
Commenting on the development, a DIAL spokesperson, said: “The Terminal district of Delhi Aerocity will see development of over two million square feet.. This is the second significant transaction in Delhi Aerocity after recent deal signed with Bharti Realty Holdings Limited. DIAL is putting together a plan for development of infrastructure for public amenities at Aerocity in an effort to increase the velocity of land monetisation.”