Adani Group to take over operations of Ahmedabad, Lucknow & Mangaluru airports by Nov 7

Adani Group to take over operations of Ahmedabad, Lucknow & Mangaluru airports by Nov 7

The Indian authorities has signed three Memoranda of Understanding (MOU) with the Adani group to take over operations of the airports at Mangaluru, Lucknow, and Ahmedabad from the Airport Authority of India (AAI) by October 31, November 2 and November 11, this yr, respectively, in accordance with an official press launch.

The Airport Authority of India has signed MOUs with three entities of the Adani group. 

The memoranda are in reference to the availability of providers i.e. customs, immigration, plant and animal quarantine, well being, MET, and Safety (collectively referred to as as Reserved Companies). Concurrently, AAI additionally signed three separate CNS-ATM Agreements with Concessionaires for the availability of CNS-ATM providers at these three airports.  

“The AAI and concessionaires of Ahmedabad, Lucknow and Mangaluru airports might be finishing circumstances precedents as prescribed within the concession agreements and the concessionaires might be taking on the operations, administration and improvement of airports as underneath Mangaluru airport: 31.10.2020; Lucknow airport: 02.11.2020; Ahmedabad airport: 07.11.2020,” the AAI press launch stated.

The agreements for operations, administration, and improvement of Ahmedabad, Lucknow and Mangaluru Airports by Public-Personal Partnership (PPP) mode have been signed on February 14, 2020, with concessionaires.

It’s to be famous that the central authorities privatised six main airports which embrace the likes of Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati in 2019. Adani Enterprises gained the rights to all of them after participating in aggressive bidding course of.  


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