Bengaluru airport gets new board; new terminal to cater to traffic growth

Planned second terminal will now handle 25 million extra passengers by 2021

The Bengaluru airport, the third-busiest in the country, now has a new board following Fairfax's acquisition of a 38 per cent stake in the airport.

The Economic Times on Friday reported that Fairfax Chairperson Prem Watsa, two other group executives Chandran Ratnaswami and Harsha Raghavan, and HDFC chairperson Deepak Parekh have been inducted in the Bengaluru airport board as additional directors.

Last week, Fairfax completed its acquisition of 38 per cent stake in the Bengaluru International Airport Limited (BIAL), which includes 33 per cent stake of GVK Group and five per cent shares held by Zurich Airport. The deal value