The airport operator Adani Airports secured $750 million through external commercial borrowings from First Abu Dhabi Bank and Barclays and Standard Chartered. The substantial financial transaction enables Adani Airports Holdings Ltd (AAHL) to expand its infrastructure and operational capabilities as India’s largest private airport operator.
The obtained funds will serve to pay off current debts and enhance the facilities at Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram airports. The company plans to develop its non-aeronautical business segments through retail and duty-free and food & beverage and additional passenger service expansion. CEO Arun Bansal highlighted the worldwide confidence in Indian aviation infrastructure while emphasizing AAHL’s dedication to maintain smooth and environmentally friendly airport operations.
The company processed 94 million passengers during the last year and targets to reach 300 million annual passengers by 2040. The upcoming Navi Mumbai International Airport will increase passenger numbers through its first phase which will handle 20 million passengers.
The company plans to enter the ground handling business in Mumbai and Ahmedabad after Turkish operator Celebi lost its security clearance.
