Archive · 19 May 2025
DIAL Sells DASPL Stake to Bird Flight Services for ₹13 Crore
DIAL, the company that runs the Delhi airport, sold its part of another company, DASPL, to Bird Flight Services.
This happened because DIAL had financial problems, including big losses and a lot of debt.
DIAL is hoping to make more money by increasing fees for passengers.
The airport is also expecting more international travelers soon and working to connect with more places like Australia and New Zealand.
Bird Flight Services already owned some of DASPL, and now they own all of it.
The Delhi airport handles many international passengers each year.
DIAL, the Delhi airport operator, sold its 50% stake in DASPL.
The buyer was Bird Flight Services for nearly ₹13 crore.
DASPL was previously responsible for bridge-mounted equipment at IGIA Terminal 3.
DIAL faced financial pressure with significant losses and debt.
Delhi airport expects to handle over 24 million international passengers annually in the next 1-2 years.
- Who
- DIAL, the Delhi airport operator, sold its stake to Bird Flight Services.
- What
- DIAL sold its 50% stake in Delhi Aviation Services Pvt Ltd (DASPL) to Bird Flight Services (India) Pvt Ltd.
- When
- The transaction was reported on Saturday.
- Where
- Indira Gandhi International Airport (IGIA) in Delhi.
- Why
- DIAL was facing financial pressure.
DIAL's Growth Prospects
DIAL's Financial Challenges
Financial Health
DIAL's Growth Prospects
Delhi airport expects to handle more international passengers in the coming years.
DIAL's Financial Challenges
DIAL faced serious financial pressure with large losses and significant debt.
Future Strategy
DIAL's Growth Prospects
Delhi airport is working on more connectivity to the Asia Pacific region.
DIAL's Financial Challenges
DIAL sought a hike in User Development Fees (UDF).
- Transaction
- DIAL sold its 50% stake in DASPL
- Sale Price
- ₹12.79 crore
- Buyer
- Bird Flight Services
- DASPL's Business
- DASPL held concession for bridge-mounted equipment at Terminal 3 of Indira Gandhi International Airport (IGIA)
- Current status of DASPL
- Inactive
- DIAL's Cumulative Loss
- ₹2,900 crore (cumulative loss until Dec 2024)
- DIAL's Outstanding Debt
- ₹15,000 crore
- Approximate number of international passengers handled annually at IGIA
- 22 million