Adani Group Chairman and Billionaire Gautam Adani on Tuesday announced that Adani-led Adani Airport Holdings has taken over management control of the Mumbai International Airport from the GVK Group.
With the current take over, Adani Airport Holdings Limited has become the country’s largest airport infrastructure company. The company now values 25% of airport footfalls, having eight airports in its administration and development portfolio. AAHL will also have command of 33% of India’s air cargo traffic.
“We are delighted to take over management of the world class Mumbai International Airport. We promise to make Mumbai proud. The Adani Group will build an airport ecosystem of the future for business, leisure and entertainment. We will create thousands of new local jobs,” Gautam Adani tweeted.
AAHL had earlier this year obtained a 23.5% stake in MIAL from ACSA Global (ACSA) and Bid Services Division (Mauritius), or Bidvest, for Rs 1,685.25 crore. The company also declared that it will start the construction of Navi Mumbai International Airport next month.