Adani Group Outlines its Strategy for its Airport Business

Justin Lee

Singapore

November 12, 2022

Mumbai Airport

© Wikimedia Commons

The past 12 months have been a busy and significant year for Adani Group as it consolidated the operations of the six regional airport concessions acquired from Airports Authority of India while achieving financial closure for the Navi Mumbai International Airport project.

Adani Group has also consolidated its airport portfolio at a time of steady recovery for the Indian air transport industry, which had been seriously affected by the impact of the global COVID-19 pandemic.

In the Adani Airports CFO Presentation delivered on 13 October 2022, Adani Airports reported that domestic passenger traffic recovery for the six airports that were acquired - Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, Trivandrum - recorded a recovery in March to June 2022 period to 90% of domestic passenger traffic in the pre-COVID quarter of January to March 2020.

6 Airports Recovery v2

© Adani Airports CFO Presentation

International passenger traffic during the same period in 2022 was reported to have recovered to 89% of international passenger traffic in the pre-COVID quarter of January to March 2020.

At Mumbai International Airport, domestic passenger traffic during the March to June 2022 period was 99% that of the domestic passenger traffic in the January to March 2020 period while international passenger traffic during March to June 2022 was 78% that of the international passenger traffic in the January to March 2020 period.

Subscriber-only content. You must be signed in and have a subscription plan to view this information.

Not a member of airportIR?

Subscribers receive access to value-added content including the latest Deal Pipeline intel, in-depth feature articles and analysis, operator/investor profiles, industry insights, reports and much more.

What's Included

  • In-depth deal pipeline content
  • Feature articles and analysis
  • Detailed operator/investor profiles
  • Industry insights, reports and much more

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin faucibus arcu et sem dapibus, faucibus viverra ex semper. Sed maximus urna quis lectus porta gravida. Sed enim sem, ullamcorper at tempor et, tincidunt eget purus. Etiam vitae iaculis dolor. Etiam commodo tempus turpis. Integer ac nunc ac leo facilisis tempus. Pellentesque quis sagittis diam. Fusce congue pulvinar interdum. Curabitur porta libero enim, ullamcorper condimentum diam accumsan quis. In tempor egestas risus, id congue nibh cursus in. Cras sollicitudin fermentum orci et eleifend.

Nam eget imperdiet risus, at luctus nulla. Nullam porttitor, est quis viverra fringilla, ipsum velit tincidunt massa, vel egestas lacus velit eget mauris. Proin finibus condimentum tellus, in commodo felis dapibus a. Curabitur luctus et sapien a dapibus. Mauris faucibus dapibus justo vitae varius. Proin quis mauris eros. Curabitur tincidunt feugiat dignissim.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin faucibus arcu et sem dapibus, faucibus viverra ex semper. Sed maximus urna quis lectus porta gravida. Sed enim sem, ullamcorper at tempor et, tincidunt eget purus. Etiam vitae iaculis dolor. Etiam commodo tempus turpis. Integer ac nunc ac leo facilisis tempus.