AAI extends contracts at six airports till March 2021
The Adani Group had declared its inability to take over three of the airports
The Airports Authority of India (AAI) is extending its contracts with concessionaires at six airports until March 2021, indicating that it plans to run them till then.
The Adani Group had declared its inability to take over three of the airports, and Cabinet approval is pending for privatisation of the other three.
The delay has been in privatisation of Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram airports. Concessionaires include third party services such as ground handlers and retail/food outlet operators.
The Adani Group won bids to operate, manage and develop all six in February 2019. In February 2020, it signed concession agreements for Ahmedabad, Lucknow and Mangaluru and was supposed to take over by 12 August 2020.