The firm represents airlines (domestic and international), airport operators, lenders, general aviation operators, ground handling companies and airline catering companies. We advise on bidding for airport infrastructure projects, development and modernization of airports, commercial and retail joint ventures, etc. Our team’s comprehensive grasp of the legal, regulatory and tax issues in this industry has enabled us to provide bespoke advice in recent transactions involving creation of aerotropolis and regulation of tariff for aeronautical services. A broad overview of the experience of the firm’s members in this area is set out below:
Advising and drafting bidding documents including Invitation for Expression of Interest, Request for Qualification, Request for Proposal, Letter of Award, Concession Agreement, etc
Review of the Project Agreements such as the Operation, Management and Development Agreement (OMDA), State Support Agreement, Lease Deed, State Government Support Agreement, Airport Operators Agreement, Sovereign Guarantee, etc. and advice from time to time on the interpretation of the documents
Advice on various aspects of economic regulation of airports in the context of the formation of the Airport Economic Regulatory Authority
Advice on legal, regulatory and tax issues involving various central, state and local authorities. This involved close working relationships with bodies/institutions such as the Ministry of Civil Aviation, Government of Maharashtra, Airports Authority of India, Director General of Civil Aviation, State Pollution Control Board, MMRDA, Slum Rehabilitation Authority, Service Tax Department, Sales Tax, Shops & Establishments, Property Tax Department, Non-Agricultural Tax Department, Income Tax, Director General of Foreign Trade, etc
Advice on the creation of an aerotropolis involving commercial development of airport land including issues pertaining to land use restrictions under the concession agreement, statutory restrictions, formation of subsidiaries for real estate development, security creation over airport assets, etc.
Title investigation for purchase of aircrafts by international organizations