Adani Group takes over Mumbai International Airport from GVK Group

Adani Group takes over Mumbai International Airport from GVK Group


Adani Mumbai International Airport: The Adani Group has now taken over the command of Mumbai International Airport from the GVK Group. This was announced by Adani Group Chairman Gautam Adani on Tuesday. The Adani Group had announced in August last year that it would acquire GVK Group’s stake in the Mumbai airport.

After this deal, the Adani Group will hold 74 per cent stake in Mumbai’s Chhatrapit Shivaji Maharaj International Airport. Out of this, 50.5 percent stake will be acquired from GVK Group and the remaining 23.5 percent stake will be acquired from minority partners Airports Company South Africa (ACSA) and Bidwest Group.

After the MIAL board meeting, Adani Airport Holdings Limited (AAHL) took over the command of Mumbai International Airport from GVK Group. Gautam Adani said- “We are delighted to be managing the world class Mumbai International Airport. We are very happy to manage the world class Mumbai International Airport. Mumbai will be proud of us. The Adani Group is the future for business, luxury and entertainment. Will create an airport ecosystem.”

The company said- “With India becoming the world’s third largest aviation market by the year 2024, the operations of the Mumbai International Airport followed by the greenfield Navi Mumbai International Airport Limited (NMIAL) are one in addition to the Adani Group’s existing portfolio of six airports. Provides a transformative aviation platform. This allows Adani Group to integrate its B2B and B2C businesses as well as create multiple strategic proximity to other B2B businesses in the group.”

Adani said, “Our major objective is to reinvent airports as ecosystems that drive local economic growth and act as nuclei around which we can catalyze aviation-related businesses. These include metropolitan developments that span entertainment facilities, e-commerce and logistics capabilities, industries relying on aviation, smart city development and other innovative business concepts.”

It is worth noting that recently Adani Group’s Lucknow, Lucknow, Jaipur, Guwahati, Ahmedabad, Thiruvanandapuram, and Mangaluru airports have been allowed to operate through Public Private Partnership (PPP) model. Adani Airport Holdings Limited is India’s largest airport infrastructure company, which controls 25 percent of airport visitors and 33 percent of India’s air freight traffic.

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