On Tuesday, September 1, 2020, Adani Airport Holdings had entered into an agreement to acquire the debt of GVK Airport Developers and 50.50 per cent equity stake in Mumbai International Airport MIAL), which also has 74 per cent equity stake in the proposed Navi Mumbai International Airport.
“The Mumbai International Airport1 is absolutely world-class and I compliment the GVK Group for having built such an outstanding airport. The addition of the Mumbai International Airport and the Navi Mumbai International Airport to our existing portfolio of 6 airports provides us a transformational platform that will help shape and create strategic adjacencies for our other B2B businesses. This acquisition helps us redesign the way we will serve our customer base and bridge our B2C and B2B business models,” Adani said.
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- 1. From a medium to long-term perspective, Mumbai is well on its way to becoming one of the top 5 global metropolitan centres of the 21st century. It is expected to be the nation’s leading airport as well as a core domestic and international hub as passenger traffic across our country grows 5-fold and India builds 200 additional airports to handle over 1 billion domestic and international passengers across the Tier 1, 2 and 3 cities, majority of which will connect to Mumbai. Over this period, India’s top 30 cities are expected to each require two airports and Adani Airports sees itself well-positioned to help build the infrastructure platform required.