Friday 21 February 2020
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business-standard - 6 days ago

AAI signs concession agreements with Adani Group for 3 airports

The Airports Authority of India (AAI) has signed three concession agreements with Adani Enterprises for operations, management and development of Ahmedabad, Lucknow and Mangaluru airports.In a statement, the AAI said that the agreements were signed on Friday with the group s subsidiary companies, namely, Adani Ahmedabad International Airport Ltd, Adani Lucknow International Airport Ltd, and Adani Mangaluru International Airport Ltd.The concessionaires are required to take-over the three airports after fulfilling certain conditions precedents within 180 days from February 14 and will operate, manage and develop the airports for the next 50 years, in accordance with the terms and conditions specified in the Concession Agreements.The agreements were signed by BK Mehrotra, Executive Director, Strategic Initiative Unit on behalf of AAI and Behnad Zandi, Chief Executive Officer - Airports Adani Enterprise Ltd at Corporate Headquarters of AAI in the presence of Chairman, AAI, Board Members ..


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