Adani's Airport Empire: How Many Does He Own?

Adani Airport Holdings Limited (AAHL) currently manages seven airports across India: Mangaluru, Lucknow, Ahmedabad, Guwahati, Jaipur, Thiruvananthapuram and Mumbai. The Adani Group also holds a 73% stake in Mumbai International Airport Ltd, which, in turn, has a 74% holding in the Navi Mumbai International Airport Ltd. With eight airports in its management and development portfolio, AAHL is India's largest airport infrastructure company, accounting for 25% of passenger footfalls and 33% of India's air cargo traffic.

Adani Airport Holdings Limited (AAHL)

AAHL currently manages seven airports across India: Mangaluru, Lucknow, Ahmedabad, Guwahati, Jaipur, Thiruvananthapuram and Mumbai. It also holds a 73% stake in Mumbai International Airport Ltd, which in turn has a 74% holding in the Navi Mumbai International Airport Ltd. This means that AAHL has eight airports in its management and development portfolio, making it India's largest airport infrastructure company.

The Adani Group won the rights to operate these airports as part of the government's first privatisation drive in 2019. Six of the airports were transferred to the group for 50 years under the privatisation project. The group took over the Mumbai International Airport from GVK in July 2021.

AAHL accounts for 25% of passenger footfalls and 33% of India's air cargo traffic. It is in line with the Adani Group's vision to be the global leader in integrated infrastructure and transport logistics.

Adani Group's winning bids for six airports

Adani Airport Holdings Limited (AAHL) is a subsidiary of Adani Enterprises Ltd, which owns and operates seven airports across India. Six of these were won as part of the government's first privatisation drive in 2019. The airports are Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. The Adani Group also holds a 73% stake in Mumbai International Airport Ltd, which, in turn, has a 74% holding in the Navi Mumbai International Airport Ltd.

The handing over of the six government-owned airports to the Adani Group has been a controversial topic. Congress leader Rahul Gandhi accused the Narendra Modi-led government of tweaking rules regarding airport privatisation to favour the Adani Group. The Ministry of Finance and NITI Aayog also raised objections about the 2019 bidding process. Despite this, the Adani Group emerged as the highest bidder for five of the six airports, outbidding a slew of national and international competitors. The Adani Group will get to manage these airports for 50 years if its offers are approved by the government.

AAHL is India's largest airport infrastructure company

Adani Airport Holdings Limited (AAHL) is India's largest airport infrastructure company. It manages seven airports across India: Mangaluru, Lucknow, Ahmedabad, Guwahati, Jaipur, Thiruvananthapuram and Mumbai. It also holds a 73% stake in Mumbai International Airport Ltd, which, in turn, has a 74% holding in the Navi Mumbai International Airport Ltd. This means that AAHL has eight airports in its management and development portfolio, accounting for 25% of passenger footfalls and 33% of India's air cargo traffic.

AAHL was incorporated in 2019 as a 100% subsidiary of Adani Enterprises Ltd, the flagship company of the Adani Group. The Adani Group owns and operates seven airports in India, six of which have been transferred for 50 years under the privatisation project. The group took over the Mumbai International Airport from GVK in July 2021.

The Adani Group's acquisition of these airports has been a controversial topic. Congress MP Gandhi accused the Narendra Modi-led government of tweaking rules regarding airport privatisation to favour the Adani Group. However, the chairman and some members of the panel that decided on the airport privatisation plan deny any wrongdoing in the process. They defend the relaxation in certain criteria to bring in more participation from domestic players.

AAHL's stake in Mumbai International Airport Ltd

Adani Airport Holdings Limited (AAHL) is a 100% subsidiary of Adani Enterprises Ltd, which currently manages seven airports across India: Mangaluru, Lucknow, Ahmedabad, Guwahati, Jaipur, Thiruvananthapuram and Mumbai. AAHL holds a 73% stake in Mumbai International Airport Ltd, which in turn has a 74% holding in the Navi Mumbai International Airport Ltd. This means that AAHL has a total of eight airports in its management and development portfolio, making it India's largest airport infrastructure company. The company accounts for 25% of passenger footfalls and 33% of India's air cargo traffic.

AAHL acquired its stake in Mumbai International Airport Ltd in July 2021, when it took over the airport from GVK. The acquisition was part of the Indian government's privatisation drive, which aimed to transfer the management and development of several government-owned airports to private companies. AAHL emerged as the highest bidder for the airport, outbidding other domestic players.

The privatisation of Mumbai International Airport Ltd has been a controversial topic in India. Congress MP Gandhi accused the Narendra Modi-led government of tweaking the rules regarding airport privatisation to favour the Adani Group. Despite these allegations, AAHL has continued to expand its presence in the Indian aviation industry, with plans to develop a new airport in Navi Mumbai.

In conclusion, AAHL's stake in Mumbai International Airport Ltd is a significant aspect of its airport infrastructure business in India. With its majority stake, AAHL has a substantial influence on the operations and development of one of the country's busiest airports. The company's presence in Mumbai, along with its management of seven other airports, solidifies its position as a leading player in India's aviation industry.

Adani Group's highest bid for the operation, management, and development of six airports

Adani Group owns and operates seven airports across India, six of which it won as part of the government's first privatisation drive in 2019. The group took over the Mumbai International Airport from GVK in July 2021. Adani Airport Holdings Limited (AAHL), a 100 per cent subsidiary of Adani Enterprises Ltd, currently manages seven airports: Mangaluru, Lucknow, Ahmedabad, Guwahati, Jaipur, Thiruvananthapuram and Mumbai. It also holds a 73 per cent stake in Mumbai International Airport Ltd, which, in turn, has a 74 per cent holding in the Navi Mumbai International Airport Ltd. With eight airports in its management and development portfolio, AAHL is India's largest airport infrastructure company, accounting for 25 per cent of passenger footfalls and 33 per cent of India's air cargo traffic.

In 2019, the Adani Group emerged as the highest bidder for the operation, management, and development of six airports: Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. The group signed concession agreements with the Airport Authority of India for all six airports. The Gautam Adani-led infra major won the bids to operate the airports for the next 50 years. The Adani Group bid aggressively to claim the top slot for the five airports, quoting a per-passenger (domestic) fee of ₹177 for the Ahmedabad airport, where the Group is based, ₹174 for Jaipur, ₹171 for Lucknow, ₹168 for Thiruvananthapuram and ₹115 for Mangaluru.

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