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AAI Hands Over Mangaluru Airport To Adani Group on lease for 50 years | Check out here

AAI Hands Over Mangaluru

AAI Hands Over Mangaluru Airport To Adani Group on lease for 50 years. According to an official statement by the Airports Authority of India (AAI), Mangaluru Airport has been handed over to the Adani Group for a period of 50 years. In February 2019, the central government privatized six major airports of the country – Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram and Guwahati. Following a competitive bidding process, the Adani Group won the rights to run them all.

AAI Hands Over Mangaluru Airport To Adani Group;

AAI stated, “As per the concession agreement executed on 14 February 2020, AAI handed over Mangalore Airport 50 yards to @anionline for leasing. Symbolic key exchange at 00:00 midnight of October 30, 2020. ” On twitter AAI signed concession agreements with the Adani Group on 14 February for the operation, management and development of Mangaluru, Lucknow and Ahmedabad airports.

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AAI Hands Over Mangaluru Airport To Adani Group

On 22 October, AAI stated in a press release that the Adani Group would operate at airports in Mangaluru, Lucknow and Ahmedabad by 31 October, 2 November and 11 November respectively. Concession agreements for the other three airports – Jaipur, Guwahati and Thiruvananthapuram – were signed between the two sides in September.

Currently, a total of nine private airports in India are undertaken by private company. As the Govt has recently approved the privatization of three airports in India and likely to take decision on three more, Rajya Sabha MP Jairam Ramesh on Friday opposed the privatization. He added, “All six sold to one private company. At this rate, AAI (Airports Authority of India) could well mean ‘Adani Airports of India’!”

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