Airports Authority Handed Over Mangaluru Airport To Adani Group For 50 Years On Lease 

The Airports Authority of India (AAI) has passed over the Mangaluru airport to the Adani organization on lease for a length of fifty years, in step with an professional statement.

The crucial authorities in February 2019 had privatised six essential airports of the country — Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. After a aggressive bidding process, the Adani organization received the rights to run all of them.

“In accordance to concession settlement achieved on February 14, 2020, AAI passed over coping with of Mangaluru airport to @AdaniOnline on rent for fifty yrs. Exchange of symbolic key held at midnight 00:00 hrs on October 30, 2020,” the AAI stated on Twitter.

The AAI had signed concession agreements with the Adani organization on February 14 for operations, control and improvement of the Mangaluru, Lucknow and Ahmedabad airports.

On October 22, the AAI had stated in a press launch that the Adani organization might be taking up the airports at Mangaluru, Lucknow and Ahmedabad with the aid of using October 31, November 2 and November 11, respectively.

The concession agreements for the alternative 3 airports — Jaipur, Guwahati and Thiruvananthapuram — have been signed among each the events in September.