/ With six airports, Adani becomes third largest in one single swoop

The New Indian Express : Feb 28, 2019, 10:38 AM

The Adani group, which has just won the mandate to run all the six government-owned airports that were put up for privatisation recently, will become the third largest private operator in passenger volume after the GMR group and GVK group. Adani group is marking its entry into airport space after bagging a 50-year contract for operation, management & development. The six airports handled 30 million passengers.

The Adani group, which has just won the mandate to run all the six government-owned airports that were put up for privatisation recently, will become the third largest private operator in passenger volume after the GMR group and GVK group.

The diversified Adani group is marking its entry into the airport space after bagging a 50-year contract for operation, management and development of the Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram and Mangalore airports after quoting revenue share in the range of Rs 115 to Rs 177 per passenger.

"With these six airports under concession, the Adanis will become the third largest private airport operator in terms of passengers handled, after the GMR group and GVK group," Icra said in the note Wednesday.