Zurich Airport International agreement for Noida International Airport

Progressing further towards the development of Noida International Airport (NIA), the shareholder agreement between Zurich Airport International AG (ZAIA) and Noida International Airport Limited (NIAL) was signed in Lucknow recently. As per the agreement, NIAL will hold one golden share in Yamuna International Airport Pvt Ltd (YIAPL) and the right to nominate two directors to the board. The directors to be added to the board will be Dr. Arun Vir Singh, CEO NIAL, and Mr. Vishak Iyer, Director Civil Aviation, Government of Uttar Pradesh.