Airports Authority Leases Lucknow Airport To Adani Group For 50 Years
The AAI had handed over the Mangaluru airport to the group on Oct. 30 midnight.
The Airports Authority of India on Sunday midnight handed over the Lucknow airport to the Adani group on lease for a period of 50 years.
The AAI had handed over the Mangaluru airport to the group on Oct. 30 midnight.
The central government in February 2019 privatised six major airports of the country -- Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. After a competitive bidding process, the Adani group won the rights to run all of them for 50 years.
The AAI had signed concession agreements with the Adani group on Feb.14 for operations, management and development of the Mangaluru, Lucknow and Ahmedabad airports.
On Oct. 22, the AAI said in a press release that the Adani group would be taking over the airports at Mangaluru, Lucknow and Ahmedabad by Oct. 31, Nov. 2 and Nov. 11, respectively.
The concession agreements for the other three airports -- Jaipur, Guwahati and Thiruvananthapuram -- were signed between both the parties in September.