Adani group seeks more time to take over 3 airports, cites coronavirus

The Adani group has expressed its inability to take over three airports it won after aggressive bidding last year, dealing a blow to the government’s privatisation plan.

The group has cited uncertainty in the aviation sector due to the coronavirus pandemic for seeking at least six months to take over Lucknow, Mangalore and Ahmedabad airports, sources told Business Standard. It has written to the Airport Authority of India (AAI) to invoke the force majeure clause to postpone the takeover and it has appointed consultants to re-evaluate the viability of the business.

Business Standard reached out to the Adani group for its comment. We will update this story as and when it responds.