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 the world. Indian aviation had been taken for granted for the last 20-30 years and the cost of operating airports should come down by 30-50 per cent in the coming years, he noted. Adani Airports is bullish on the country's aviation market and wants to "do more airports", Bansal said, adding that under the first phase, Navi Mumbai airport will start operations by December 2024.

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History of this topic

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 …

User fee at Adani’s Thiruvananthapuram airport up 50% from July 1
5 months, 4 weeks ago

User fee at Adani’s Thiruvananthapuram airport up 50% from July 1

The Hindu  

Flying out of the Adani-controlled Thiruvananthapuram airport will get costlier from July 1 as the user development fee levied on passengers as part of air tickets will go up by 50% from ₹506 to ₹770 for domestic travellers for a year and further raised every subsequent year. The Thiruvananthapuram Kerala International Airport Ltd is owned by Adani Airport Holdings Limited, …

Indian airports to profit more and airlines to lose more this year: CAPA
6 months, 2 weeks ago

Indian airports to profit more and airlines to lose more this year: CAPA

Hindustan Times  

Profits of Indian airports are expected to grow by 35% due to strong demand, according to aviation advisory and research firm CAPA. Passengers stand at the ticket counter of Indigo Airlines at the airport on the outskirts of Agartala, capital of India's northeastern state of Tripura, The airport industry's pre-tax profit will rise to Rs.10,370 crore, up about 35% from …

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 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 …

Adani Group says government probing accounts of two Mumbai airports
1 year, 2 months ago

Adani Group says government probing accounts of two Mumbai airports

Live Mint  

Adani Enterprises on Friday informed the stock exchanges that the corporate affairs ministry is probing the accounts of the group's two airports in Mumbai. had sought information and documents on the airports – Mumbai International Airport Ltd and Navi Mumbai International Airport Ltd – for financial years 2017-18 to 2021-22. The Adani Group acquired a 74% stake in Mumbai’s international …

Expensive Flights to Small Cities Like Prayagraj, Agra? Suggestions to Come in Today on Centre's Hike Plan
1 year, 9 months ago

Expensive Flights to Small Cities Like Prayagraj, Agra? Suggestions to Come in Today on Centre's Hike Plan

News 18  

Will flights to smaller cities like Karnataka’s Belagavi, Uttar Pradesh Prayagraj and Agra get expensive? The answer is yes, as the Centre has proposed a 30 per cent hike in charges for small airports, which cater to less than 3.5 million passengers. According to the draft concept paper, the airports would be divided in three categories: Cluster 1: 13 airports …

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 airport work may need new funding after FPO fiasco
1 year, 10 months ago

Adani airport work may need new funding after FPO fiasco

Live Mint  

The withdrawal of the follow-on public offering by the Adani Group will impact its airport upgradation plans, since over one-fourth of the proceeds was intended for developing its airports. According to the company’s plans, over ₹5,200 crore was to be used for upgradation of the airports in Ahmedabad, Lucknow and Mangaluru, starting January 2023 to March 2024, ₹4,165 crore for …

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 Airports raises $250 million for airports development
2 years, 7 months ago

Adani Airports raises $250 million for airports development

India TV News  

Highlights AAHL is a wholly owned subsidiary of Adani Enterprises Ltd AAHL handle around 200 million consumers, including passengers and non-passengers It is largest airport infrastructure company, accounting for 30% of India’s air cargo traffic Adani Airport Holdings Ltd on Monday said it has raised USD 250 million through a 3-year ECB facility from a consortium of Standard Chartered Bank …

Adani Group takes over Thiruvananthapuram International Airport
3 years, 2 months ago

Adani Group takes over Thiruvananthapuram International Airport

The Hindu  

The Adani Group has formally taken charge of the operations and management of the Thiruvananthapuram International Airport. Adani Thiruvananthapuram International Airport Ltd, a wholly-owned subsidiary of Adani Enterprises Ltd, will now operate, manage and develop the airport for a period of 50 years under a concession agreement signed with the AAI. The Adani Group, which is constructing the ₹7,525 crore …

Adani Group to take over Guwahati's Lokpriya Gopinath Bordoloi International Airport operations
3 years, 2 months ago

Adani Group to take over Guwahati's Lokpriya Gopinath Bordoloi International Airport operations

Firstpost  

The government of India included the Guwahati airport in the group of six airports – Ahmedabad, Lucknow, Mangalore, Jaipur and Thiruvananthapuram – set for privatisation for operations, management and development Guwahati: The Lokpriya Gopinath Bordoloi International Airport in Guwahati was handed over to the Adani Group for operations, management and development responsibilities on Friday. In 2018, the government of India …

Navi Mumbai International Airport- Boon or bane? -Bhupendra Shah analyses
3 years, 5 months ago

Navi Mumbai International Airport- Boon or bane? -Bhupendra Shah analyses

Hindustan Times  

The proposed Navi Mumbai international airport project planned in the city is both a boon and bane for the city at present. Speaking on the project, Shah, who is also the Chairman Trustee Board of Builders Association of Navi Mumbai says, “Fact is that the proposed airport is not really Navi Mumbai’s requirement. Land prices have appreciated manifold up from …

Maharashtra Government Approves Adani to Operate Upcoming Navi Mumbai International Airport
3 years, 6 months ago

Maharashtra Government Approves Adani to Operate Upcoming Navi Mumbai International Airport

News 18  

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 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 Take Over Airport Ops at Mangaluru by Oct 31, Lucknow by Nov 2, Ahmedabad by Nov 11: AAI
4 years, 2 months ago

Adani to Take Over Airport Ops at Mangaluru by Oct 31, Lucknow by Nov 2, Ahmedabad by Nov 11: AAI

News 18  

The Adani group would be taking over the operations, management and development of the airports at Mangaluru, Lucknow and Ahmedabad from the AAI by October 31, November 2 and November 11, respectively, said an official press release on Thursday. "The AAI and concessionaires of Ahmedabad, Lucknow and Mangaluru airports will be completing conditions precedents as prescribed in the concession agreements …

Adani gets till 12 Nov to take over airports
4 years, 2 months ago

Adani gets till 12 Nov to take over airports

Live Mint  

The Airports Authority of India has given Adani Enterprise time till 12 November to take over the management of three privatised airports of Ahmedabad, Mangaluru and Lucknow due to the ongoing covid-19 pandemic, ministry of civil aviation said in a presentation on Thursday. Due to covid-19, M/s Adani Enterprises Ltd has cited force majeure and filed for extension in March, …

Hardeep Singh Puri Completes Review of Darbhanga and Deoghar Airport Ahead of Completion
4 years, 3 months ago

Hardeep Singh Puri Completes Review of Darbhanga and Deoghar Airport Ahead of Completion

News 18  

Civil Aviation Minister Hardeep Singh Puri completed his review of the Darbhanga and Deoghar Airport ahead of its completion. In his review, Puri noted that the passenger traffic handled by 2 operational airports Patna and Gaya in Bihar in 2019-20 was close to 5 million passengers per annum, which translates to per capita air trips of about 3.9. Patna handled …

Gautam Adani says airports to create adjacencies for group businesses
4 years, 3 months ago

Gautam Adani says airports to create adjacencies for group businesses

India TV News  

Billionaire Gautam Adani on Wednesday said his ports-to-energy conglomerate acquiring a controlling stake in Mumbai airport will help expand its existing portfolio of six airports and create strategic adjacencies for the group's other businesses. Earlier this week, Adani Airports, a subsidiary of Mumbai-listed Adani Enterprises, announced the acquisition of GVK Airport Developers Ltd's 50.50 per cent stake in the Mumbai …

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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