AAI hands over Lucknow airport to Adani group on lease for 50 years
- The Airports Authority of India (AAI) has handed over the Lucknow airport to the Adani group on lease for a period of 50 years. Apart from this, Adani group has taken over/will take over operations of 5 more airports.
- In February 2019, the Central Govt had privatised six major airports of the country namely Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
- The right to run all these 6 airports has been won by Adani Group for 50 years.
- Adani group has taken over the operations of Jaipur, Guwahati and Thiruvananthapuram in September 2020, Mangaluru on October 31, 2020, Lucknow on November 02, 2020 and will take on the operations of Ahmedabad Airport on November 11, 2020.
Points to remember:
- Which company has won the rights for six major airports of the country?
Source: Business Standard