The Airports Authority of India (AAI) has handed over the Mangaluru airport to the Adani Group on lease for a period of 50 years.
The central government in February 2019 had privatised six major airports of the country namely Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. After a competitive bidding process, the Adani Group won the rights to run all of them.
“In accordance to concession agreement executed on February 14, 2020, AAI handed over handling of Mangaluru airport to @AdaniOnline on lease for 50 yrs. Exchange of symbolic key held at midnight 00:00 hrs on October 30, 2020,” the AAI tweeted.
The AAI had signed concession agreements with the Adani group on February 14 for operations, management and development of the Mangaluru, Lucknow and Ahmedabad airports.
Last month, the AAI had said that the Adani Group would be taking over the airports at Mangaluru, Lucknow and Ahmedabad by October 31, November 02 and November 11, respectively.