Tatas opt out of race for privatisation of Chennai airport

Mumbai: Tata Realty and Infrastructure Ltd (TRIL)’s plan to participate in the airport privatisation projects in the country has hit a roadblock.
The company has decided to opt out of the race for Chennai airport privatisation programme, as the bidding norms do not allow airlines or its group entities to own more than 10 per cent in the special purpose vehicle selected to manage the airports.
In response to a query, a TRIL spokesperson said: “Given the conditions in the RFQ (request for qualification) documents for the bidding process of Chennai airport, TRIL is not eligible to bid for the Chennai airport.”
Tatas and Singapore Airlines have formed a 51:49 venture to start a full-service airline in India and had secured a clearance from the FIPB. The Airports Authority of India had in September floated a request for qualification for privatisation of six airports — Chennai, Kolkata, Guwahati, Ahmedabad, Lucknow and Jaipur.
Read News In Full 09/12/13 Business Standard