DLF plans to diversify into civil
aviation sector.
DLF has signed a memorandum of
understanding (MoU) with Germany-based Fraport AG Frankfort Airport Services
Worldwide to set up a special purpose vehicle (SPV) for focusing on the
development and management of airport projects in India.
The SPV - 'DLF Fraport SPV'
will work towards taking up development and management of airports in major
cities across the country.