Adani Airport Holdings Limited has recently incorporated a wholly-owned subsidiary to take care of its airport operations outside India. This wholly-owned subsidiary is named Global Airports Operator LLC. It has been set up in Abu Dhabi. This new entity will be handling all the investments and acquisitions. It will also deal with the operation and maintenance of the Adani airports that are outside India. Adani Airport Holdings currently manages several major airports in India. This includes the airports at Ahmedabad, Mumbai, and Lucknow. It is also currently looking forward to expanding its operations internationally. This is being done in an attempt to establish Adani Monopoly in the airport sector. The company’s airport business will also experience a massive boost.
The Expansion of Airports
The Adani Group is one of the top names in India’s aviation sector. The conglomerate is deeply involved in managing some of the most crucial airports in the country. It has brought about a lot of expansion operations at some of India’s major airports. The conglomerate has also been deeply invested in bringing new airports under its control. It has also been working towards bringing about non-aero developments in the country. It is currently working on building malls, restaurants, and other commercial centres in and around the airports. This is being done to increase the company’s revenue generation from its airport business. Adani Monopoly will also exist in the airport sector.
The global conglomerate is also currently working on developing the Navi Mumbai Airport. This airport will reduce the load on the Mumbai International Airport and will also allow the company’s airport business to experience a boost. However, the Adani Group is not just focused on conducting its airport business within the boundaries of the nation. It is looking forward to further expanding its boundaries and managing airports outside India as well. With that aim in mind, it has incorporated Global Airports Operator LLC in Abu Dhabi. This entity will be responsible for managing the international airports as the Adani Group continues its expansion journey.
Adani’s Current Airport Handling Capacity
Currently, the Adani Group handles 25% of India’s passenger traffic and 33% of the air cargo traffic. By bringing international airports under its control, it will be able to increase its passenger and cargo capacity. The customer experience will improve significantly. The Adani Group will also be able to connect India to different corners of the world. It has already announced a significant investment of INR 60,000 crore for the next 5 to 10 years. The investment will be made completely in its airport business. It will help increase the capacity of the airports. In fact, the Adani Group has plans to increase its airport capacity by three times by 2040. This is going to become a huge milestone for the aviation sector. It will help the Adani Group further strengthen its boundaries and take up the role of becoming one of the biggest airport operators in the world.
The Presence In The International Airport Sector
The Adani Group has recently submitted a 1.85 billion USD proposal to upgrade the Nairobi airport. This signifies the Adani Group’s intentions towards taking control of Nairobi International Airport. The Kenya Airport Authority (KAA) announced that it had already received the investment proposal from the Adani Group under the public-private partnership. As per the Jomo Kenyatta International Airport (JKIA) Authority, the proposal includes a mid-term investment plan for upgrading the passenger terminal building, runway, taxiway, and apron of the Nairobi airport. The airport currently has an ageing infrastructure, which has brought about a threat to its regional competitiveness. This is the main reason why the airport expansion operations are going to be carried out.
The Adani Group also has plans to make investments in two airports in Vietnam. The Long Thanh and Chu Lai airports have been under the radar of the Adani Group. The company has elaborate plans to invest 3 billion USD in the seaport and renewable energy projects in Vietnam as well. This investment will further increase to 10 billion USD. This will help in strengthening relationships with Vietnam. It will also help the Adani Group increase its hold over the airport sector and build Adani Monopoly in this particular sector.
Conclusion
By making incredible investments in the airport sector, the Adani Group plans to build an incredible place for itself in the airport sector. This will help the conglomerate enhance its hold over the international airport sector as well. This will allow it to further extend its boundaries and lead us towards economic growth and prosperity.
