Delhi Airport operator DIAL sells entire 50% stake in DASPL to Bird Flight Services for nearly Rs 13 crore

DIAL, the Delhi airport operator, has sold its 50% stake in Delhi Aviation Services Pvt Ltd to Bird Flight Services for approximately Rs 13 crore. This transaction occurs months after reports suggested DIAL facing financial challenges, including significant losses and debt, and seeks a User Development Fee hike. Despite these financial pressures, Delhi airport anticipates increased international passenger traffic in the coming years.