Adani Airport becomes the largest airport company; caters 10% of India s traffic
May 05, 2021
The company has taken a ₹4,197 crore long-term debt in FY21
Adani Airports Holding said that it has now become the ‘Largest Indian airport platform’ by catering to at least 10 per cent of India’s air passenger traffic. It has reached over 200 million consumer base in FY 2020.
This includes a non-passenger customer base of 120 million with a breakup of 80 million ‘Meet and Greeters’ and 40 million ‘City Side’ customers.
To reach this goal, Adani Airports has taken a ₹4,197 crore long-term debt in FY21.
Adani Airports has won bids for six airports. It also took over Mangaluru, Lucknow and Ahmedabad Airports in Q3 FY21 and operations of Mumbai International Airports Ltd (MIAL) by acquiring a 23.50 per cent stake in Q4 FY21 from ACSA and Bidvest.
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