With the formal proposal of handing over the six airports recently won by Adani Enterprises through an open bid not figuring on the Union Cabinet’s agenda on Thursday, a cloud of uncertainty hangs over the prospects of the group’s foray into airports.
The group’s flagship, Adani Enterprises had recently bid aggressively and won the bids for the privatisation of all of the six airports put out by the Airports Authority of India.
According to the concession agreement, the facilities were to be handed over to Adani Enterprises for a period of 50 years under the public-private partnership model, only after the approval of the Union Cabinet.
