AAI to give Adani Group till November to take over three privatised airports; rejects request for moratorium on payments
MUMBAI: The state-run Airports Authority of India (AAI) has decided to give the Adani Group time till November 12, 2020 to take over the commercial operations of the three privatised airports Ahmedabad, Lucknow and Mangaluru, said multiple people in the know.
This is less than half the seven-month extension the group had asked for, citing the Force Majeure clause because of Covid19. ET had reported it on June 4.
AAI will also reject the company’s requests of a six month moratorium on payment of concession fees and a three month extension on reimbursements to AAI. The decisions were made by the AAI board on Friday, said a senior executive.
