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Global private equity funds bullish as six airports up for sale

With Indian infrastructure companies burdened with debt, global PE funds and airport developers sense an opportunity to buy the airports cheap

airport, airports in India, flights
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The government shut down Begumpet and HAL airports after new airports became operational in Hyderabad and Bengaluru

Arindam Majumder New Delhi
At least half a dozen global private equity (PE) funds and airport developers have bought bid documents for the six Indian airports which are up for sale. German airport operator AviAlliance, Australia’s AMP Capital, Canada’s Brookfield Asset Management, and PSP pension fund, Sydney-based Macquarie Group, French airport operator Aéroports de Paris, and Italy’s Atlantia group are among the top names showing keen interest in the second wave of airport privatisation in the country, it is learnt.
 
With Indian infrastructure companies burdened with debt, global PE funds and airport developers sense an opportunity to buy the airports cheap. However, a