Finally, Thi'puram airport lands in Adani Group's fold
Almost a year after the State government suffered a big setback when the Kerala High Court dismissed their plea against Centre's move to lease out Thiruvananthapuram international airport to Adani Group
Gautam Adani becomes Asia's richest person
Thiruvananthapuram: Almost a year after the State government suffered a big setback when the Kerala High Court dismissed their plea against Centre's move to lease out Thiruvananthapuram international airport to Adani Group, starting midnight Thursday, the running of the airport here will be handed over to the Adani Group by the Airports Authority of India (AAI).
This airport, which was declared as the fifth international airport in the country in 1991, will now be run by the Adani Group for the next five decades.
In February 2019, the financial bid for privatising five airports in the country was opened and it was won by Adani Enterprises.
The other airports that the Adani firm got are situated in Mangaluru, Ahmedabad, Lucknow and Jaipur.
The Kerala government too placed a bid, but the Adani firm won it by quoting a bigger amount. While the Kerala government bid for Rs 135 per passenger, the Adani firm quoted Rs 168. After losing the bid, the Kerala government approached the Kerala High Court, but failed to get a favourable direction, following which they along with the Airport Employees Union approached the Supreme court and the case is going on.
