Can’t pilot airports in rough weather: Adani Group
MUMBAI: The Adani Group has told India’s state-run airport developer that it won’t be able to take possession of the three privatised airports in Ahmedabad, Lucknow and Mangaluru this calendar year due to the disruption caused by the Covid-19 pandemic. The infrastructure conglomerate has invoked the force majeure clause in the contract, several people in the know said.
The group has also asked the Airports Authority of India (AAI) to defer the deadline for payment of asset transfer fees of over Rs 1,000 crore for these airports from August to beyond December 2020, the people cited above said.
