A key proposal by three of the conglomerate’s airports has been turned down by authorities. There are also concerns about corporate governance and profiteering at the expense of flyers.
The Adani group’s airport business has over the past year and a half suffered several setbacks. A key regulator turned down proposals on how the conglomerate’s airports would operate commercially.
The group currently operates seven airports under Adani Airport Holdings Ltd (AAHL), which is a subsidiary of Adani Enterprises, the conglomerate’s flagship company. These airports are in Mumbai, Ahmedabad, Thiruvananthapuram, Mangaluru, Jaipur, Lucknow and Guwahati.
In three different instances since August 2022, the Airports Economic Regulatory Authority (AERA), the government body that regulates tariffs charged by airports, has turned down proposed commercial structures to operate and generate revenues in three …
Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.
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