Home Business AAI Hands Over Lucknow Airport To Adani Group On Lease For 50...

AAI Hands Over Lucknow Airport To Adani Group On Lease For 50 Years

AAI -Hands -Over -Lucknow -Airport -To -Adani -Group -On -Lease -For -50 -Years

On midnight, the Airports Authority of India handed over Lucknow airport to the Adani group on lease for a tenure of 50 years.

The AAI handed over the Mangaluru airport to the group on October 30 at midnight.

The decision in order to hand over the Mangaluru Airport came under high criticism from the Congress leader Rahul Gandhi.

On such an issue, Rahul tweeted that development is taking place, but a few capitalists are ‘friends.’

The general secretary of Congress, Priyanka Gandhi Vadra, evenly targeted the government over the issue, accusing it of supporting the crony capitalists.

She quoted during a report regarding handing over of Lucknow airport to the private hands.
Since the Adani group won the bid, it claimed for the development and maintenance of Lucknow and Mangaluru airports.

The central government in February 2019 privatized six significant airports of the country, such as Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.

After such a competitive bidding process, the Adani group won to claim the right to run all of them for 50 years.

Shri A.K Sharma, the airport director of Lucknow, exchanged symbolic key in according to the concession agreement and its future development,” it stated.

The AAI had signed concession agreements with the Adani group on February 14 for operations, management, and development of the Mangaluru, Lucknow, and Ahmedabad airports.

On October 22, the AAI, during a press statement, released that the Adani group would be taking up the airports at Mangaluru, Lucknow, and Ahmedabad by October 31, November 2, and November 11, respectively.

The concession agreement for the remaining three airports, Jaipur, Guwahati, and Thiruvananthapuram, was signed between the parties in September.

Written By- Mousami jena
Image Courtsey- Google

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