August 2021 \ Business & Investment \ ADANI GROUP
Adani group takes over Mumbai Airport

The Adani Airport Holdings Ltd (AAHL), a subsidiary of Adani Enterprises Limited ...

“I believe that the economic value that cities create will be maximised around the airports and the cities of tomorrow will be built with airports as the focal point. This is a fundamental lever for modern world development and the rapid build-out of our airport infrastructure will create multiple employment structures that will generate thousands of new job opportunities,” added Adani.

: “Our larger objective is to reinvent airports as ecosystems that drive local economic development and act as the nuclei around which we can catalyse aviation-linked businesses. These include metropolitan developments that span entertainment facilities, e-commerce and logistics capabilities, aviation dependent industries, smart city developments, and other innovative business concepts” —Gautam Adani, Chairman, Adani Group

With the management control of Mumbai Airport, AAHL is poised to join the league of the world’s leading airport operators that cater to more than 100 million passengers and 200 million non-fliers in a year, presenting a more than 300 million strong consumer platform.

At 12 per cent CAGR, AAHL expects its share of passenger traffic to grow from 80 million in fiscal 2020 to 100 million in fiscal 2022.As the post-pandemic demand for air travel in India and the rest of the world is expected to surge, the International Air Transport Association aspires that the global passenger traffic will recover to 88 percent of pre-Covid levels by 2022 and exceed the pre-Covid levels in 2023.

Tags: Adani Group