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Hyderabad airport seeks restraining order on Menzies Aviation Cargo
GMR Hyderabad International Airport Limited (GHIAL) has filed an application in the Hyderabad High Court, requesting that Menzies Aviation Cargo (Hyderabad) Ltd, be restrained from interfering with the airport operator's cargo terminal business at Rajiv Gandhi International Airport.
Menzies is a joint venture partner of GMR for the cargo handling operations at the Hyderabad airport. Last year cargo volumes at RGIA reached 100,000 tonnes
The airport company also demanded the court restrain Hyderabad Menzies Air Cargo Private Limited (HMACPL), which is a 51:49 joint venture between GMR group and Menzies, from paying benefits such as dividend arising out of the shareholder rights to Menzies until the disposal of the arbitration proceedings and the arbitration award, reported New Delhi's Business Standard.
In addition, it has sought orders to restrain Menzies from transferring or encumbering in any manner the shares held by Menzies Aviation Cargo (Hyderabad) Limited in HMACPL, which runs the cargo terminal.
"GHIAL would like to reserve any comment on this, however would like to clarify that any discussions between the shareholders have no impact on the cargo operations and business as usual," said a GHIAL spokesman.
"HMACPL has a world-class cargo terminal for the processing of bulk cargo, express cargo and mail. Our terminal is the first of its kind in India and has revolutionised cargo handling quality and performance... HMACPL has implemented proven cargo handling policies, procedures and processes based on Menzies International best practice, " the company website says.
Menzies Aviation in India has operations at Hyderabad and Bengaluru airports. Along with Bobba Group it also signed a non-exclusive ground handling licence agreement with GHIAL back in 2007.
Menzies is a joint venture partner of GMR for the cargo handling operations at the Hyderabad airport. Last year cargo volumes at RGIA reached 100,000 tonnes
The airport company also demanded the court restrain Hyderabad Menzies Air Cargo Private Limited (HMACPL), which is a 51:49 joint venture between GMR group and Menzies, from paying benefits such as dividend arising out of the shareholder rights to Menzies until the disposal of the arbitration proceedings and the arbitration award, reported New Delhi's Business Standard.
In addition, it has sought orders to restrain Menzies from transferring or encumbering in any manner the shares held by Menzies Aviation Cargo (Hyderabad) Limited in HMACPL, which runs the cargo terminal.
"GHIAL would like to reserve any comment on this, however would like to clarify that any discussions between the shareholders have no impact on the cargo operations and business as usual," said a GHIAL spokesman.
"HMACPL has a world-class cargo terminal for the processing of bulk cargo, express cargo and mail. Our terminal is the first of its kind in India and has revolutionised cargo handling quality and performance... HMACPL has implemented proven cargo handling policies, procedures and processes based on Menzies International best practice, " the company website says.
Menzies Aviation in India has operations at Hyderabad and Bengaluru airports. Along with Bobba Group it also signed a non-exclusive ground handling licence agreement with GHIAL back in 2007.
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