Category Archives: Aviation

Adani Airports now holds 74% stake in Mumbai Airport

Adani Airport Holdings Limited (AAHL), the flagship holding company of Adani Group for its airports business, has acquired 23.5% equity stake in Mumbai International Airport Limited (MIAL) from ACSA Global Limited and Bid Services Division (Mauritius) Limited. This makes AAHL’s total stake in MIAL touch 74%, having earlier acquired the entire 50.5% cent stake of the GVK group in Mumbai Airport.

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MoCA mulls reinstating tourist visa and privatising more airports

MoCA is in talks with various others ministries – Home Affairs, Health, and External Affairs – for restarting the tourist visa. It has also revealed that AAI will privatise 6-10 more airports April onwards. Pradeep Singh Kharola, Secretary, MoCA, says that the government will look to club profitable airports with loss-making ones during the sale process.

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Vaccination program may help revive travel & aviation

Ankur Bhatia, Executive Director, Bird Group, commented that India’s vaccination program may help in economic recovery. “However, the Indian economy is awaiting a return to normalcy in sectors such as travel and aviation. These sectors are now carrying most of the COVID-19 burden and have yet to start operating at anywhere near pre COVID-19 levels. They are also the sectors responsible for enormous job losses and consumption declines. We expect a full throttle vaccination programme to bring the long-awaited cheer to the sector,” he added.

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