German airports operator Fraport plans to sell its 10% stake in the operator of New Delhi's Indira Gandhi International Airport in 2013.

The company, however, remains open to investing in other Indian airport projects, says Fraport.

Fraport has a 10% stake in the Delhi International Airport Ltd (DIAL) consortium, of which 54% is owned by India's GMR Group, 26% by the state-owned Airports Authority of India and 10% by Malaysia Airport Holdings.

It says that having a minority position is "inconsistent" with its long-term strategy. Fraport will be allowed to sell its stake from May 2013, when a seven-year vesting period in the concession agreement lapses. The operator has discussed the share sale with its partners in DIAL and Indian authorities, it adds.

Fraport says it will continue to analyse possible new airport projects in India as the country is a "market with great development potential".

Indian newspapers suggest that Fraport could bid to operate the new Navi Mumbai airport.

Source: Air Transport Intelligence news