September 2020 \ Business & Investment \ BUSINESS AND GOVERNANCE
Nod to lease 3 airports to Adani Enterprises

The Union Cabinet in August approved the proposal ...

Earlier, AAI’s airports at Delhi and Mumbai were leased out in PPP mode for their operation, management and development about a decade ago.

“While these PPP experiments have helped create world-class airports and delivery of efficient and quality services to air passengers, the measure has also helped AAI in enhancing its revenues and focusing on developing airports and air navigation infrastructure in the rest of the country,” it added.

“Revenue received by AAI from PPP partners enabled it to create infrastructure facilities in Tier-2 and Tier-3 cities and also to upgrade their airports to international standards.”