A senior executive recently declared in an interview that Adani Airports plans to acquire more airports through the process of public bidding.
Arun Bansal, CEO of Adani Airport Holdings Ltd, recently declared in an ANI interview that Adani Airports has great ambition to acquire additional airports through official bidding.
The Airports Authority of India (AAI) has given permission for eight airports to be operated, managed and improved via a Public-Private Partnership (PPP). Of the total, AEL is responsible for overseeing seven airports. These cities are Mumbai, Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru.
The Adani Group made their entrance into the airports industry in 2019.
Bansal voiced his conviction that the Indian aviation sector would rapidly expand and predicted that within five to ten years, nine hundred million people will travel via Indian airports.
He noted that prior to the outbreak of Covid, approximately 300 million people had boarded flights from India's airports.He stated that airports are having a major impact on Indians currently.
In July 2021, the Adani Group obtained a 74% share in Mumbai's Chhatrapati Shivaji Maharaj International Airport. Out of this stake purchase transaction, GVK Group was responsible for 50.5%, while 23.5% was held by minority partners including Airports Company South Africa (ACSA), and Bidvest Group.
By taking over Mumbai airport, Adani Airport Holdings now has a third of India's air cargo market.