Adani Group gets Mangaluru Airport on lease for 50 years

On Friday, the Airport Authority of India (AAI) handed over the Mangaluru airport to the Adani group on lease for a period of 50 years.

The central government had last year decided to privatise six major airports of the country. Inspite of several challenges and protests, after a competitive bidding process, the government handed over the rights to the Adani group.

With this, the Adani Group has now the rights over six major airports - Lucknow, Ahmedabad, Thiruvananthapuram, Jaipur, Mangaluru and Guwahati.