Adani group wins the rights to run Mangaluru airport

03 Nov 2020 Editorial Team

Additionally, AAI revealed that the officials of AAI, their employees, and support staff will assist Adani Group for the next three months, and will remain with the group for the next three years.

The ambitions of the Adani Group in the aviation sector began last year when it bid for six airports. Mangaluru airport is one of the first three airports that AAI has handed over to the Adani Group. The sources disclosed that the Adani group took over Ahmedabad, Lucknow, Jaipur, Mangaluru, Guwahati, and Thiruvananthapuram airports after winning the bidding process in February 2019 when the central government privatised the six airports of the country.

AAI operates 137 airports, including 103 domestic and 24 international airports. Now, after the privatisation of airports, the Adani group has the rights to run all the six airports it won in the bid. Moreover, AAI and the Adani group had earlier signed the concession agreement on February 14 for the management, operations, and development of the Lucknow, Mangaluru, and Ahmedabad airports. A press release by AAI on October 22 had specified that Adani group is going to take over the Mangaluru, Lucknow, and Ahmedabad airports by the end of this year.

While the Mangaluru airport is now already handed over on October 30, the group is now expected to take over Lucknow airport on November 2 and Ahmedabad airport on November 11. However, the agreements related to the Jaipur, Guwahati, and Thiruvananthapuram airports were signed between AAI and Adani group in September.

Further, a Memorandum of Understanding (MoU) was signed on October 21 between the Ministry of Civil Aviation and Adani Mangaluru International Airport Ltd about providing security and reserved services such as immigration, customs, health, plant, and animal quarantine.

The AAI has also signed surveillance-air traffic management (CNS-ATM), communication, and navigation agreements with the concessionaires for the maintenance of CNS-ATM services at Lucknow, Ahmedabad, and Mangaluru airports.

As COVID-19 has severely impacted the aviation industry, bringing in a financially strong investor like the Adani group with the adoption of a PPP model is anticipated to enhance the AAI's revenue and boost the economic development in airports, according to the central government.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

The Airports Authority of India (AAI) finally handed over the Mangaluru airport on October 30 to the Adani group on lease for 50 years. A tweet by AAI on Saturday confirmed that CEO of Adani Ashutosh Chandra, and Adani Airports CEO Behnad were officially handed over the airport by VV Rao, the Director of Mangaluru airport. The official tweet stated that “the exchange of the symbolic key was held at midnight 00:00 hrs on October 30, 2020. Additionally, AAI revealed that the officials of AAI, their employees, and support staff will assist Adani Group for the next three months, and will remain with the group for the next three years. The ambitions of the Adani Group in the aviation sector began last year when it bid for six airports. Mangaluru airport is one of the first three airports that AAI has handed over to the Adani Group. The sources disclosed that the Adani group took over Ahmedabad, Lucknow, Jaipur, Mangaluru, Guwahati, and Thiruvananthapuram airports after winning the bidding process in February 2019 when the central government privatised the six airports of the country. AAI operates 137 airports, including 103 domestic and 24 international airports. Now, after the privatisation of airports, the Adani group has the rights to run all the six airports it won in the bid. Moreover, AAI and the Adani group had earlier signed the concession agreement on February 14 for the management, operations, and development of the Lucknow, Mangaluru, and Ahmedabad airports. A press release by AAI on October 22 had specified that Adani group is going to take over the Mangaluru, Lucknow, and Ahmedabad airports by the end of this year. While the Mangaluru airport is now already handed over on October 30, the group is now expected to take over Lucknow airport on November 2 and Ahmedabad airport on November 11. However, the agreements related to the Jaipur, Guwahati, and Thiruvananthapuram airports were signed between AAI and Adani group in September. Further, a Memorandum of Understanding (MoU) was signed on October 21 between the Ministry of Civil Aviation and Adani Mangaluru International Airport Ltd about providing security and reserved services such as immigration, customs, health, plant, and animal quarantine. The AAI has also signed surveillance-air traffic management (CNS-ATM), communication, and navigation agreements with the concessionaires for the maintenance of CNS-ATM services at Lucknow, Ahmedabad, and Mangaluru airports. As COVID-19 has severely impacted the aviation industry, bringing in a financially strong investor like the Adani group with the adoption of a PPP model is anticipated to enhance the AAI's revenue and boost the economic development in airports, according to the central government.

Real Estate

04 Sep 2025

Mumbai Records 11,230 Property Deals in August 2025

Mumbai’s property market remained resilient in August 2025, with 11,230 property registrations recorded under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, according to data released by Knight Frank India. While this marks a 3 per cent year-on-year (YoY) decline compared to 11,631 registrations in August 2024, activity stayed robust despite the marginal dip.On a month-on-month (MoM) basis, registrations fell 11 per cent from 12,579 deals in July 2025, indicating seasonal moderation. However, the city’s stamp duty collections still reached Rs 10 billion, reflecting a 6 per cent..

Infrastructure Transport

04 Sep 2025

68 Jammu-Katra Trains Cancelled Amid Rain Damage

Jammu and Katra railway services remain severely affected as Northern Railway announced the cancellation of 68 trains—both incoming and outgoing—until 30 September, due to extensive track damage caused by heavy rains and flash floods. Meanwhile, 24 trains are scheduled to resume operations gradually.The Jammu railway division has experienced a complete halt in services for the past eight days, following track misalignment and breaches at several points along the Pathankot–Jammu section. Torrential rainfall since 26 August led to widespread flooding and damage, stranding hundreds of passe..

Infrastructure Transport

04 Sep 2025

Bangalore Metro MD Reviews Reach 6 and Phase 2A Progress

Bangalore Metro Rail Corporation Limited (BMRCL) Managing Director, Dr J Ravishankar, IAS, conducted inspections of key metro corridors on 29 and 30 August, reviewing the progress of Reach 6 (Pink Line) and Phase 2A (Blue Line).On 30 August, the inspection covered Reach 6, a 21.39-km corridor stretching from Kalena Agrahara to Nagawara, with 18 stations. This stretch is part of Phase 2 of the Bangalore Metro project. Dr Ravishankar assessed the status of civil works, finishing, track laying, and system integration between Kalena Agrahara and MG Road.Earlier, on 29 August, the MD inspected Phas..