New Delhi: The Adani Group has taken over the operations, management and development works of Mangaluru airport on Saturday, the Airports Authority of India (AAI) said today.
"In accordance to concession agreement executed on 14th Feb, 2020, AAI handed over handling of Mangaluru airport to Adani group on lease for 50 years," said, the Airports Authority of India.
As per the AAI officials, Adani Group will take over Lucknow and Ahemdabad airports on November 2 and November 7 respectively.
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The AAI had earlier given Adani enterprise time till 12 November to take over the management of three privatised airports of Ahmedabad, Mangaluru and Lucknow.
The Ahmedabad-based conglomerate was expected to take over the three airports within a six month i.e. by August 2020, but the group had asked the AAI to invoke the force majeure clause to postpone the payment deadline citing disruption caused by the Covid-19 pandemic in the aviation sector.
Adani Enterprises Ltd (AEL), the Adani Group flagship, had won the operations and development rights over a 50-year lease from the Ahmedabad, Lucknow, Bengaluru, Thiruvananthapuram, Jaipur and Guwahati airports, the first round of privatization that was held by the Centre in February 2019.
