An airport in India. (Photographer: Anindito Mukherjee/Bloomberg)

Cabinet Approves Leasing Out Three Major Airports Of Airports Authority Of India 

The Union Cabinet gave its approval on Wednesday to the proposals for leasing out three major airports — Ahmedabad, Lucknow and Mangaluru — of the Airports Authority of India through public-private partnership, an official spokesperson said.

Earlier this year, the Adani group had won the bids to operate the three airports for a period of 50 years.

The Adani group had also won the bids to operate the Jaipur, Guwahati and Thiruvananthapuram airports, owned by the AAI.

The AAI had chosen the winner on the basis of the "per-passenger fee" offered by the bidders.

Principal Spokesperson of the Government of India Sitanshu Kar also announced it on Twitter.

Other Cabinet decisions:

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Bloomberg Quint

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