Adani Group takes over Lucknow airport operations from in the present day | Firms Information

Adani Group takes over Lucknow airport operations from today

New Delhi: The Adani group could be taking on the operations, administration and improvement of the airport at Lucknow’s Chaudhary Charan Singh Worldwide Airport from the AAI from Monday (November 2).

The Adani group has already taken over the operations Mangaluru in October whereas it might be taking on the operations for the Ahmedabad from November 11.

The Airports Authority of India (AAI) beforehand stated in its launch that the Aviation Ministry has signed MoUs (memorandums of understanding) with three entities of the Adani group to offer companies like customs, immigration and safety on the aforementioned three airports.

The central authorities privatised six main airports — Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati — in February 2019. After a aggressive bidding course of, Adani Enterprises gained the rights to run all of them.

Adani had quoted the very best bid for these airports, for operation, administration and improvement beneath PPP for a lease interval of fifty years as per the phrases and situations of the bid paperwork, an official launch had stated.

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In July 2019, the Union Cupboard had authorized the proposal for leasing out three airports – Mangaluru, Lucknow and Ahmedabad – to Adani Enterprises. On August 19 this 12 months, the Union Cupboard authorized the proposal for leasing out the opposite three airports to the Ahmedabad-based group.

“These tasks will carry effectivity in supply, experience, enterprise and professionalism aside from harnessing the wanted investments within the public sector. This may even end in enhanced revenues to the AAI, which can result in additional funding by AAI at Tier II and Tier III cities and financial improvement in these areas by way of job creation and associated infrastructure,” a cupboard launch had stated.