Lockdown 2.0: Mumbai airport invokes force majeure over revenue sharing
The country’s two largest private airports, in Delhi and Mumbai, are taking different routes to seek a waiver from revenue payment to the Airports Authority of India (AAI) as the nationwide lockdown continues.
While GVK group-owned Mumbai International Airport Ltd (MIAL) has invoked the force majeure clause to suspend payment for the April-June period, GMR’s Delhi International Airport Ltd (DIAL) has opened a dialogue with the AAI for the same. A MIAL spokesperson didn’t respond to a query on the matter.
The AAI has not yet agreed to give a waiver and has instead asked the two entities to defer the payment by three months. “We took legal opinion from the Solicitor General of India and have decided to defer their payment for April-June.
