COVID-19 effect: AAI gives more time to Adani group to take over management of 3 privatised airports
The Airports Authority of India (AAI) has given three more months to the Adani group to take over the management of three privatised airports of Ahmedabad, Mangaluru and Lucknow due to the COVID-19 scenario, according to the Civil Aviation Ministry on Saturday.
“On the advent of COVID-19 scenario, AEL (Adani Enterprises Limited) has cited force majeure and filed for extension in March 2020 and sought time till February 15, 2021 (to take over the three airports),” said the statement by the Civil Aviation ministry.
“AAI has agreed to the extension of time of additional three months to achieve Commercial Operation Date (COD) by the concessionaire in view of force majeure on account of COVID-19,” it added.
