Ahmedabad, Lucknow, Mangalore airports of Adani Enterprises become members of Airports Council International

By: |
New Delhi | November 2, 2020 4:20 PM

With the joining of the Ahmedabad, Lucknow, and Mangaluru airports, the ACI Asia-Pacific has a total of nine airport members in India.

ahmedabad airport name, ahmedabad airport quarantine rules, ahmedabad airport news, lucknow airport adani, lucknow airport news, lucknow airport name, lucknow airport code, mangalore airport adani, mangalore airport adani group, mangalore airport adani news, mangalore airport code,Back in July 2019, Prime Minister Narendra Modi-led the Union Cabinet approved the proposal for leasing out these three airports to Adani Enterprises through Public-Private Partnership (PPP).

Three airports from India have become members of elite Airports Council International (ACI) Asia-Pacific. These three airports are Sardar Vallabhbhai Patel International Airport (AMD) in Ahmedabad, Chaudhary Charan Singh International Airport (LKO) in Lucknow, and Mangalore International Airport (IXE). Delhi, Mumbai, Bengaluru airports are already members of the council.

The Ahmedabad, Lucknow, and Mangaluru airports have become members of regional airport association, said ACI Asia-Pacific. “We extend a warm welcome to our new members in India. We look forward to meeting their needs through our wide-ranging portfolio of policy and guidance materials, training and advocacy,” Director General of ACI Asia-Pacific Stefano Baronci said.

“Under a public-private partnership agreement, Adani Enterprises, the flagship company of the Adani Group, was awarded concessionaire status in 2019. The handover of Mangaluru Airport and Lucknow Airport to the Adani Group has been completed and will be followed by Ahmedabad Airport later this week. Combined, the three new members served more than 19 million passengers in 2019,” ACI Asia-Pacific said.

Back in July 2019, Prime Minister Narendra Modi-led the Union Cabinet approved the proposal for leasing out these three airports to Adani Enterprises through Public-Private Partnership (PPP). Airports in Mangaluru, Ahmedabad, and Mangaluru were operated by the Airports Authority of India (AAI). Adani Enterprises quoted the highest bid and got rights of operation, management, and development under PPP for a lease period of 50 years, the Ministry of Civil Aviation said in a statement.

With the joining of the Ahmedabad, Lucknow, and Mangaluru airports, the ACI Asia-Pacific has a total of nine airport members in India. These nine airport members operate 129 airports. ACI Asia-Pacific, one of the five regions of the Airports Council International (ACI), is based in Hong Kong and represents 117 members operating 604 airports in 49 countries or territories in Asia-Pacific and the Middle-East.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Bengaluru Airport using digital transformation, social media platforms to tackle Covid impact
2Delhi Airport’s fight against Covid-19! Here is how India’s busiest airport is striving for normalcy
3AirAsia India to expand network; plans to induct three more A320 neo planes by June 2021