Adani Group takes management control of Mumbai International Airport from GVK Group

Mumbai, Jul 13 : Adani Group Chairman Gautam Adani announced on July 13 that the Adani Group has taken over management control of the Mumbai International Airport from the GVK Group.

The Adani Airport Holdings Limited (AAHL) took over the management control of MIAL from the GVK Group, following a MIAL board meeting earlier on July 13.

Gautam Adani said: “We are delighted to take over management of the world-class Mumbai International Airport. We promise to make Mumbai proud. The Adani Group will build an airport ecosystem of the future for business, leisure, and entertainment. We will create thousands of new local jobs.”

The company said: “With India becoming to be the world’s third-largest aviation market by 2024, the addition of the Mumbai International Airport to the Adani Group’s existing portfolio of six airports, and thereafter the operationalization of the greenfield Navi Mumbai International Airport Limited (NMIAL) provides a transformational aviation platform allowing the Adani Group to interlink its B2B and B2C business as well as create several strategic adjacencies for the Group’s other B2B businesses.”

AAHL will begin the construction of the Navi Mumbai International Airport next month and complete the financial closure in the next 90 days. This new international airport will be commissioned in 2024.

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