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AAI To Receive Payments Worth INR 2,800 crore from the Adani Group

This will help the business group build an enhanced presence across the business sector. It will also be able to rise above the controversies surrounding Adani Investigation and earn the reputation of being one of the biggest airport operators on a global scale.

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AAI To Receive Payments Worth INR 2,800 crore from the Adani Group

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  1. AAI TO RECEIVE PAYMENTS WORTH INR 2,800 CRORE FROM THE ADANI GROUP

  2. Airport Authority of India (AAI) is all set to receive INR 2,800 crore from the Adani Group towards payments linked to the privatised airports which are currently under the control of the Adani Group. The Adani Group had acquired the rights to take over these airports during the airport privatisation drive initiated by the government. The conglomerate will be paying the mentioned sum to AAI as a part of the privatisation offer for the three airports that it bagged in 2021. The group had already paid the sum of INR 2,440 crore to the AAI for the takeover of 6 major airports of the country: Jaipur, Ahmedabad, Guwahati, Lucknow, Mangalore, and Thiruvananthapuram in November 2021.

  3. The Payment to Be Made to AAI This has made the Adani Group one of the biggest private airport operators in the country. In the upcoming years, the Group has plans to bring more airports under its control under the government’s privatisation drive.

  4. What Do You Know About Us? Lorem ipsum dolor sit amet, consectetur adipiscing elit. In vulputate lacus felis, et volutpat erat euismod non. Etiam ex nibh, interdum ut sapien a, consequat lobortis ligula. Fusce malesuada nisl lacus, non fringilla tortor auctor eget. Praesent id fringilla augue, sed convallis quam.

  5. The Need for the Payment During FY 2017-21, AAI was operating the airports. They observed huge under-recovery due to the massive disruption of services during the COVID-19 pandemic. If the airports were not privatised, AAI would have been entitled to recover the revenue losses in the previous five years. As Adani Group is operating the airports now, it will have to pay the authority an amount approved by AERA to compensate for this revenue loss.

  6. Get in Touch • https://dutable.com/2024/10/04/aai-to-receive-payments-worth-inr-2800-crore-from-the-adani-group/

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