+
Adani to take over Thiruvananthapuram airport ops by October 14
AVIATION & AIRPORTS

Adani to take over Thiruvananthapuram airport ops by October 14

Adani Thiruvananthapuram International Airport Ltd may take control of the airport by October 14. It won the bid for running the airport for 50 years, and has reported seeking an extension of three months to take over after signing the agreement with the Airport Authority of India (AAI), which expired on July 18.

According to the sources, the Centre has allowed the extension for three months, which will expire on October 18.

The company is preparing to take over the airport by October 14. The deputy officials of the company have also made arrangements for the same. The airport valuation assets have also been confirmed, which was listed for Rs 800 crore in the tender, and not valued at Rs 273 crore.

The government has yet not confirmed that the private company that won the bid would get the airport. It had previously announced that it would not allow private companies to run the airport in Thiruvananthapuram. It also announced that it would not sign the support agreement with the private company, which is necessary to ensure the basic utilities needed for running the airport.

In a meeting with the Airports Authority Employees Union and the Chief Minister, Pinarayi Vijayan, the chief minister confirmed that the state government would not cooperate with the private company. But, if the company comes with the court order, the state will have to support it.

The Airports Authority Employees Union secretary, S Ajith Kumar, said that it would not be easy for the company to take over the airport. A majority of the airports taken by the company, AAI is still paying the salary to the employees after the company refused to pay the citing losses because of absent flight operations. According to the bid document, the company has not even paid the passenger fee to AAI.

Image Source


Also read: Adani Airports appoints Rajeev Jain as CEO of airport biz

Also read: Adani Group takes control of Mumbai airport management

Adani Thiruvananthapuram International Airport Ltd may take control of the airport by October 14. It won the bid for running the airport for 50 years, and has reported seeking an extension of three months to take over after signing the agreement with the Airport Authority of India (AAI), which expired on July 18. According to the sources, the Centre has allowed the extension for three months, which will expire on October 18. The company is preparing to take over the airport by October 14. The deputy officials of the company have also made arrangements for the same. The airport valuation assets have also been confirmed, which was listed for Rs 800 crore in the tender, and not valued at Rs 273 crore. The government has yet not confirmed that the private company that won the bid would get the airport. It had previously announced that it would not allow private companies to run the airport in Thiruvananthapuram. It also announced that it would not sign the support agreement with the private company, which is necessary to ensure the basic utilities needed for running the airport. In a meeting with the Airports Authority Employees Union and the Chief Minister, Pinarayi Vijayan, the chief minister confirmed that the state government would not cooperate with the private company. But, if the company comes with the court order, the state will have to support it. The Airports Authority Employees Union secretary, S Ajith Kumar, said that it would not be easy for the company to take over the airport. A majority of the airports taken by the company, AAI is still paying the salary to the employees after the company refused to pay the citing losses because of absent flight operations. According to the bid document, the company has not even paid the passenger fee to AAI. Image Source Also read: Adani Airports appoints Rajeev Jain as CEO of airport biz Also read: Adani Group takes control of Mumbai airport management

Next Story
Infrastructure Transport

Odisha To Launch Aviation Security Training Institute In PPP Mode

With Odisha’s aviation network expanding rapidly, the state government has begun work on an Aviation Security Training Institute (ASTI) to serve current and future airports. The former Government Aviation Training Institute premises at Biju Patnaik International Airport, Bhubaneswar, are being refurbished by the Directorate of Civil Aviation in line with Bureau of Civil Aviation Security guidelines.Because full redevelopment will take time, the directorate plans a temporary campus in the Mancheswar area so courses can begin without delay. The institute will address the growing demand for sec..

Next Story
Infrastructure Transport

Rs 500 Mn Plan Makes Kochi a Key Aircraft MRO Hub

Cochin International Aviation Services Ltd (CIASL) has launched a Rs 0.5 billion scheme to turn Kochi into a national centre for aircraft maintenance. Chairman S Suhas broke ground for the company’s third maintenance, repair and overhaul (MRO) hangar and Kerala’s first covered aircraft parking apron at Cochin International Airport.The 53,800 sq ft hangar—due for completion in eight months—will handle two narrow body jetliners simultaneously, plus business jets, helicopters and seaplanes. It adjoins the forthcoming CIASL Business Park and includes 7,000 sq ft of office..

Next Story
Real Estate

Strong Real Estate Growth to Boost Cement Demand in FY26

A report by Axis Securities projects sustained momentum in cement demand for FY26, backed by robust growth in the real estate market and government housing initiatives like the Pradhan Mantri Awas Yojana (PMAY). Large-scale construction under such schemes is expected to drive continuous demand for building materials, especially cement, which remains essential for housing infrastructure.The report forecasts cement demand growth of 7 to 8 per cent in FY26, supported by the government’s focus on infrastructure development alongside ongoing real estate activities. Further reinforcement is antici..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?