- Adani Group took over Lucknow’s Amausi Airport for a lease period of 50 years from the hands of the Airports Authority of India (AAI)
- Back in 2019 February, the central government privatised six major airports of the country
THoD Newsdesk, New Delhi: On Sunday, the Adani Group took over Lucknow’s Amausi Airport for a lease period of 50 years from the hands of the Airports Authority of India (AAI). The AAI had also given up on the management of the Mangaluru airport to the group, on the 30th of October.
Back in 2019 February, the central government privatised six major airports of the country, which includes, Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. After an extensive bidding process, the Adani Group bagged the rights to operate all of them for the next 50 years. The AAI had signed concession agreements with the Adani Group on the 14th of February for operations, management and development of the Mangaluru, Lucknow and Ahmedabad airports.
On the 22nd of October, the AAI had stated in a press release that the Adani Group would be taking over the airports at Mangaluru, Lucknow and Ahmedabad by October 31, November 2 and November 11, respectively.
Further, AAI took to Twitter and proclaimed, “In accordance to concession agreement executed on February 14, 2020, AAI handed over handling of Mangaluru airport to @AdaniOnline on lease for 50 yrs. Exchange of symbolic key held at midnight 00:00 hrs on October 30, 2020.”
“Shri A.K Sharma, APD (Airport Director), Lucknow exchanged symbolic key in accordance with concession agreement & future development,” it added.
The concession agreements for the other three airports, namely, Jaipur, Guwahati and Thiruvananthapuram, were signed between both the parties in September.