Tag Archives: Adani

Adani Airport, a subsidiary of Adani Enterprises, is set to become India’s biggest private airport operator after acquiring the entire 50.5% stake of GVK Airport. This takes its total to 74% controlling stake in Mumbai International Airport Limited (MIAL) as well as the proposed Navi Mumbai International Airport Limited. The remaining 26% is held by AAI.

The Adani group has won the bid to operate five out of six airports put up for privatisation by the government. It was the highest bidder for the Ahmedabad, Thiruvananthapuram, Lucknow, Mangaluru and Jaipur airports, a senior official of the Airports Authority of India (AAI) said. The bid for the Guwahati airport will be opened on February 26. AAI chose the winner on the basis of “monthly per-passenger fee”. The official said the bids put by Adani group were “very aggressive” as compared to other bidders. The five airports would be handed over to Adani group after completion of formalities, the AAI official said. A total of 32 technical bids were received from 10 companies to operate six airports currently under AAI’s management. In November last year, the government had cleared a proposal for managing six AAI-run airports on public-private partnership (PPP) basis. The Ahmedabad and Jaipur airports received seven bids each. Those at Lucknow and Guwahati received six bids each. Mangaluru and Thiruvananthapuram received three bids each. The move to manage the six airports on PPP basis, according to AAI, is part of an initiative to provide world-class infrastructure and services to stakeholders. Source: PTI