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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Alpha Airports | LSE:AAP | London | Ordinary Share | GB0000281328 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 109.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8447J Alpha Airports Group PLC 03 October 2006 Alpha Airports Group plc ALPHA AIRPORTS GROUP SIGNS INDIAN JOINT VENTURE Alpha Airports Group Plc has today signed a Memorandum of Understanding to form a Joint Venture with Pantaloon Retail (India) Limited, part of the Future Group of India. This contract is part of Alpha's forward strategy in investing in India to develop travel retail and food and beverage catering businesses at its leading airports. There are a considerable number of opportunities within India for this new joint venture. Over 90% of India's total traffic is through its top 10 airports with international traffic growing at 15% and domestic traffic growing at 28% last year. Alpha and Pantaloon Retail are currently in discussions about the travel retailing and food and beverage opportunities which exist at Bangalore, Hyderabad and Delhi airports. Mumbai airport is expected to issue its requests for proposals shortly. The government is considering plans for the privatisation of Chennai and Kolkota airports. Alpha has operated in India since 2002 with its duty free shops at Cochin International Airport. The retail outlets at Cochin generate more than double the Indian average for spend per passenger (SPP). Since 1996 Alpha has had operations in the wider Asian market in Nepal and Sri Lanka. Pantaloon Retail is the largest retailer in India with over 100 outlets across India, covering 3.5m sq. ft of retail space and generating over US$ 440 million in turnover. Pantaloon's retail offerings now encompass, department stores (Central), Hyper markets (Big Bazaar) home (Home Town, Collection i), fashion (Pantaloons, Fashion Station), leisure (CO, F123), communications (m bazaar, Gen m), electronics (e-zone), food (food bazaar), and health & beauty (Start Sitara, Tulsi). Peter Williams, CEO, Alpha Airports Group Plc, stated: "India has the most exciting passenger growth and airport development worldwide and we are very pleased to have the largest retail group in India working with us in this partnership. This gives us a wonderful opportunity to leverage our strong position in the Indian Subcontinent." Rakesh Biyani, Director, Pantaloon Retail said: "Opportunities at Indian Airports are endless and we are delighted to tie up with Alpha." Paul Topping, Managing Director, Alpha Asia commented "Alpha has a proven track record in Asia and we are delighted with what we have achieved in Cochin and Colombo. With two specialist companies coming together we are well positioned to bring the best of global retailing standards to Indian airports and travellers." 3 October 2006 Enquiries Alpha Airports Group Plc 020 8580 3200 Peter Williams, Chairman & Chief Executive www.alpha-group.com Tim Redburn, Finance Director College Hill 020 7457 2020 Kate Pope/Mark Garraway Notes to Editors Alpha Airports Group Plc is one of the world's leading aviation support services companies, providing retailing and catering services for airlines and airports. Alpha's 6,900 staff service over 100 airlines worldwide and operate from over 200 outlets at 83 airports in 15 countries. Alpha has an annual turnover of over #550m. Alpha was advised by Mumbai based investment banking firm, Globus Capital Advisors. This information is provided by RNS The company news service from the London Stock Exchange END JVEFSLSMDSMSEIS_SN_RNS8447J_SU_RNSTEST_XX_070149.1206_RZ__RT_R.xRoute.0.3 ~
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