Friday, September 04, 2020

Indian Government to evaluate AAHL’s plan to acquire Mumbai Airport

The Government of India will evaluate Adani Airport Holdings’ (AAHL) request to acquire controlling interest in Mumbai Airport.
The Minister of Civil Aviation of India Hardeep Singh Puri told CNBC-TV18 that the government and the Airports Authority of India (AAI) will examine AAHL’s request to acquire a 74% stake in Mumbai International Airport (MIAL), which operates the airport.
Minister Puri was quoted by the publication as saying: “As per shareholders’ agreement and OMDA (Operations, Management, Development agreement), the shares held can be sold subject to certain conditions and consent of AAI and Government of India.
“The request for purchase of shares by Adani Group was received by us and we will examine it.
“OMDA lays down mechanism of revenue sharing between AAI and concessionaires and it also stipulates the service standards that the airports shall maintain. All future developments of an airport is governed by OMDA.”
04/09/20 Airport Technology

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