Adani group takes over Mumbai Airport
The Adani Airport Holdings Ltd (AAHL), a subsidiary of Adani Enterprises Limited ...
The Adani Airport Holdings Ltd (AAHL), a subsidiary of Adani Enterprises Limited, has taken over the management control of Mumbai International Airport Limited (MIAL), India’s second busiest airport by both passenger and cargo traffic, from the GVK Group following a board meeting of MIAL held in July, as per a statement issued by the Adani Enterprises.
The development came after approvals were received from the Government of India, the City and Industrial Development Corporation (CIDCO) of Maharashtra, and the Government of Maharashtra.
MIAL is India’s second busiest airport both in terms of passenger and cargo traffic. With eight airports under its management and development portfolio, AAHL is now India’s largest airport infrastructure company, accounting for 25 percent airport footfalls. With the addition of MIAL, AAHL will now control 33 per cent of India’s air cargo traffic.