InvestorQ : Is it true that Adani has now taken over Mumbai Airport fully?
Dawn Cherian made post

Is it true that Adani has now taken over Mumbai Airport fully?

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Mitali Bhutta answered.
1 week ago
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That is absolutely correct. Adani group announced that it had taken over the management and total control of Mumbai International Airport Ltd or MIAL from the GVK Group. The GVK group had been cash strapped for a while and the intervention by Adani would focus on first defraying the Rs.8,000 crore debt in the books of MIAL. This will effectively result in GVK being eased out of the airports business altogether.

Gautam Adani promised an airport ecosystem combining business, leisure and entertainment. Additionally, Adani has also committed to start the construction of the Navi Mumbai International Airport from August this year so as to be on schedule for completion by 2024. With the MIAL acquisition, AAHL will now control 33% of India’s air cargo traffic and 25% of India’s total passenger movement.

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