GMR vs Adani airport battle continues to be on the boil
1 month, 1 week ago

GMR vs Adani airport battle continues to be on the boil

Live Mint  

India recorded its best-ever domestic traffic in 2023, a year ahead of IATA’s prediction of post-COVID recovery. The first half of the financial year saw a growth in footfalls by 7.4 per cent, with 19,69,06,698 passengers between April and September this year as compared to 18,32,74,515 recorded last year, shows data released by the Airports Authority of India. The six metro airports handled 72.3 per cent of the total footfalls, which is 0.5 per cent lower than the same period last year, a healthy indication of traffic moving beyond the metros, even for international traffic. Among the six metro airports, Bengaluru has grown the fastest with 20.4 per cent growth, followed by Delhi, Hyderabad and Mumbai. The two other metros where the airports are owned and operated by AAI saw a marginal decline in traffic, with Chennai seeing a 0.5 per cent degrowth while Kolkata recorded a 0.7 per cent regrowth.

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History of this topic

With India's aviation industry soaring, this Adani stock could be a big winner
9 months, 1 week ago

With India's aviation industry soaring, this Adani stock could be a big winner

Live Mint  

India is set to become the world’s third-largest air passenger market by 2030, after China and the US, as per the International Air Transport Association. Where the Adani Group Fits in India’s Aviation Sector Adani Airport Holdings, with an integrated airport network comprising seven operational brownfields and one under-construction greenfield airport, is well poised to be a huge beneficiary of …

Adani looking to raise ₹21,577 crore for airport, green expansion
10 months ago

Adani looking to raise ₹21,577 crore for airport, green expansion

Hindustan Times  

Billionaire Gautam Adani's conglomerate Adani Group, after recovering from the Hindenburg Research saga, is expanding towards airport and green energy projects throughout the country. In a bid to fund its green hydrogen projects, Adani's firm is seeking to raise $2.6 billion through top sovereign funds in the Middle East, reported Business Standard. Adani Group looks to raise $2.6 billion Adani …

SC agrees to hear AAI’s plea against GMR for Nagpur airport operation
10 months, 2 weeks ago

SC agrees to hear AAI’s plea against GMR for Nagpur airport operation

Live Mint  

The Supreme Court on Friday agreed to hear a petition filed by the Airports Authority of India against GMR Group regarding the operation of Nagpur Babasaheb Ambedkar International Airport. This curative petition by AAI comes after the Supreme Court in May 2022 upheld the Bombay high court's decision to allow GMR to operate the airport and its subsequent rejection of …

Adani gives Navi Mumbai airport a $1 bn push
1 year, 1 month ago

Adani gives Navi Mumbai airport a $1 bn push

Live Mint  

MUMBAI : The Adani Group has invested close to $1 billion in Navi Mumbai International Airport Ltd, in a bid to start operations by December next year, two people with direct knowledge of the development said. On 19 July, while addressing an annual general meeting of shareholders, group chairman Gautam Adani said the Navi Mumbai airport will achieve operational readiness …

GMR-ADP partnership to lure global brands to Indian airports
1 year, 8 months ago

GMR-ADP partnership to lure global brands to Indian airports

Live Mint  

New Delhi: The GMR Group is working on upgrading the retail experience at its airports worldwide by leveraging the expertise of its French partner Groupe ADP, a top company executive said. “We want to use Groupe ADP’s expertise in design to create next-generation retail areas at airports so that the Indian consumer spends more at Indian airports rather than at …

Need to reduce airports\' operating costs by 30-50%: Adani Airports CEO
1 year, 9 months ago

Need to reduce airports\' operating costs by 30-50%: Adani Airports CEO

Deccan Chronicle  

New Delhi: Adani Airports chief Arun Bansal on Wednesday said the cost of operating airports has to come down by 30-50 per cent in the coming years as he highlighted the growth potential of the Indian aviation market. Bullish on the Indian market, Bansal said it would like to operate more airports and eventually become a leading airport operator in …

Modi govt didn’t ‘pressure’ GVK to sell Mumbai Airport to Adani
1 year, 10 months ago

Modi govt didn’t ‘pressure’ GVK to sell Mumbai Airport to Adani

Live Mint  

The Narendra Modi administration, according to GV Sanjay Reddy, did not force GVK to hand over Mumbai Airport to the Adani Group. In July 2021, GVK handed control of the Mumbai airport over to Adani Airport Holdings Ltd. Gandhi earlier alleged that the Modi government “hijacked” “India's most profitable airport” from GVK using agencies like CBI and ED and gave …

Adani Group may bid in upcoming airport auctions
1 year, 11 months ago

Adani Group may bid in upcoming airport auctions

Live Mint  

The Adani Group may join the upcoming auction of airports in the public-private partnership model, a top executive said. The speculation is that there will be 11 airports which will be bid this time and we will look at terms and conditions of the RFQ and accordingly, we will make a decision if there is any property which is of …

Adani group to operate new Navi Mumbai International Airport
3 years, 6 months ago

Adani group to operate new Navi Mumbai International Airport

India TV News  

The Maharashtra government on Wednesday approved Adani Airport Holdings Ltd to operate the upcoming Navi Mumbai International Airport in the adjoining Thane-Raigad region, an official said here. The state cabinet presided over by Chief Minister Uddhav Thackeray gave its green signal to AAHL as the new concessionaire to the prestigious greenfield airport coming up as a public-private partnership project. With …

Adani Group Acquires 23.5 Percent Stake in Mumbai International Airport, Aims 74 Percent Stake
3 years, 10 months ago

Adani Group Acquires 23.5 Percent Stake in Mumbai International Airport, Aims 74 Percent Stake

News 18  

Adani Group’s flagship holding company Adani Airport Holdings Ltd has acquired 23.5 per cent stake in the Mumbai International Airport Ltd from ACSA Global Ltd and Bid Services Division Ltd for Rs 1,685.25 crore. “Adani Airport Holdings Ltd has acquired 23.5 per cent equity stake i.e. 28,20,00,000 equity shares of Rs 10 of Mumbai International Airport Ltd from ACSA Global …

Govt. defends decision that led to Adani bagging six airports
3 years, 11 months ago

Govt. defends decision that led to Adani bagging six airports

The Hindu  

The Ministry of Civil Aviation on Thursday asserted that the Centre’s decision to dispense with a cap on the number of airports a single entity could bid for — a move that paved the way for Adani Enterprises Ltd. to emerge as the highest bidder for six AAI airports — had been taken on considerations of operational scale. “The EGOS …

Adani to acquire Mumbai airport
4 years, 3 months ago

Adani to acquire Mumbai airport

Live Mint  

Adani group will take control of India’s second-busiest airport of Mumbai, in the biggest-ever thrust to its ambition to become a top airports operator. The Adani group will also buy the combined 23.5% stake held by Airport Company of South Africa and South Africa’s Bidvest group in MIAL, for which it has obtained the approval of the Competition Commission of …

Adani Group Acquires 74 Percent Stake in Mumbai Airport, Becomes India's Largest Private Operator
4 years, 3 months ago

Adani Group Acquires 74 Percent Stake in Mumbai Airport, Becomes India's Largest Private Operator

News 18  

Billionaire Gautam Adani’s Adani Group has acquired the majority stake at the Mumbai International Airport. Adani now has 74 percent stake in the Chattarpati Shivaji Maharaj International Airport, 50.5 percent of which has been bought from its previous operator GVK Group and 23.5 percent from other minority partners including Airports Company South Africa, and Bidvest Group. This is the first …

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