Adani Group to operate, manage and develop three airports in India
Adani Group will assume the responsibilities of operations, management and development of the airports at Mangaluru, Lucknow and Ahmedabad from the Airports Authority of India (AAI).
Adani Group will assume the responsibilities of operations, management and development of airports at Mangaluru, Lucknow and Ahmedabad from the Airports Authority of India (AAI).
The firm will take over Mangaluru Airport on 31 October, Lucknow Airport on 2 November and Ahmedabad Airport on 11 November.
Furthermore, the Aviation Ministry has signed Memorandums of Understanding (MoU) with three firms of Adani Group to offer services such as customs, immigration and security at these airports.
In February 2019, the Union Government privatised six important airports: Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
Following a competitive bidding process, Adani Enterprises secured the rights to operate all of the airports.
The AAI press release reads: “The AAI and concessionaires of Ahmedabad, Lucknow and Mangaluru airports will be completing conditions precedents as prescribed in the concession agreements and the concessionaires will be taking over the operations, management and development of airports as under Mangaluru airport: 31.10.2020; Lucknow airport: 02.11.2020; Ahmedabad airport: 07.11.2020.”
In July 2019, the Union Cabinet gave its approval to the proposal of leasing out these three airports to the Ahmedabad-based Adani Group.
On 19 August, the Cabinet gave approval to a proposal for leasing out the other three airports to the group.
According to the press release, the Ministry of Civil Aviation signed three MoUs with Adani Ahmedabad International Airport Limited, Adani Lucknow International Airport Limited and Adani Mangaluru International Airport Limited.
The MoUs are with regard to the provision of services such as customs, immigration, plant and animal quarantine, health, meteorological data and security.
AAI noted: “Simultaneously, the AAI also signed three separate CNS-ATM Agreements [Communications, Navigation and Surveillance Systems for Air Traffic] Management with concessionaires for the provision of CNS-ATM services at these three airports.”
