Kuwait’s National Aviation Services (NAS) has acquired a majority stake in Indian ground handling services company Nova.
“This agreement opens new horizons for NAS, allowing us to expand geographically,” said Bara’a Al-Roumi, managing director, NAS.
“We plan to further expand into the Indian subcontinent and this is a great stepping stone for us to enhance existing operations in India, while adding to our portfolio of successfully managing airport facilities and providing top class aviation services,” he added.
According to statistics, the budgeting for manpower in India is currently around 15% of total allocated operational budget, whereas other countries in Europe and North America currently allocate about 27% of their total operational budget for manpower. NAS will aim on increasing efficiencies in this area by introducing new technologies and internationally adapted policies and procedures that will add value to operations at the Indian airports it manages through Nova.
“NAS has set aside a substantial amount of money to invest in the upgrading of the existing infrastructure at the airports that are being handled by Nova in addition to which we will bring in our expertise and our qualified teams for the initial set up of the operations which is intended to add value to the entire operation in India as a whole,” said Al-Roumi.
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