Airports Authority Hands Over Mangaluru Airport To Adani Group On Lease For 50 Years

Sunday, 1 November 2020Newsdesk

The Airports Authority of India (AAI) has handed over the Mangaluru airport to the Adani group on lease for a period of 50 years, according to an official statement.

New Delhi, 01 November 2020

As per news report of NDTV, the central government in February 2019 had privatised six major airports of the country -- 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 said on Twitter.

Source -NDTV