The license has been granted for a term of five years, with the option to extend it by another two years, subject to the agreed terms and provisions of the Letter of Award (LoA). The agreement also includes payment of license fees and a minimum guarantee amount as stipulated in the LoA.
Cochin International Airport is the eighth busiest airport in India and has handled more than 11 million passengers in FY2024-25. There are 27 airline companies which operate from CIAL, facilitating direct connectivity to multiple destinations.It is the first airport in the world to be powered entirely by solar energy, achieving complete power neutrality.
“TFS now increases its presence to 14 of the 15 largest airports in India and this win reflects the strength of the TFS franchise and technical expertise. TFS plans to bring an exciting mix of brands to the Cochin Airport and look forward to creating a delightful travel experience for passengers,” said Varun Kapur, Managing Director and CEO at Travel Food Services.
Shares of Travel Food Services Ltd. settled 1.35% lower on Thursday at ₹1,263. The stock has risen nearly 18% in 2025 so far.
