Adani Airports: more expansion in India, more equity at Mumbai
The private sector has had a hard time of things where India’s airports are concerned. The pace of privatisation was slow, and the administration of the very first round, in 2006, cumbersome and off-putting to some foreign investors, who never returned.
Others have complained about the poor level of representation in decision-making which was afforded to them by their minority shareholding, but what did they expect?
A more recent round has resulted in the emergence of the Adani Group, which is managing regional airports sufficiently well that Airports Authority of India is being financially rewarded from the concessions earlier than it might have expected.
Now Adani has secured a 74% stake holding in Mumbai’s main airport, as well as in the new one, where there is some construction under way. This puts it in a more powerful position than most of its private sector predecessors.
The question is, how will it balance development at the old airport with that at the new?
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.