Adani Airport Holdings is considering bidding for ground handling services in Mumbai and Ahmedabad. The space has been created in both these airports after the withdrawal of Turkish company Celebi (Celebi Hava exit India). Ground handling will be a new business for Adani Airport. Meanwhile, the company has also informed about raising a foreign loan of $ 750 million.
Adani Airports wants to replace Turkey’s Celebi company
Celebi used to operate at nine airports in India. These include the gateway facility at New Delhi’s Indira Gandhi Airport and the commercial hub at Mumbai‘s Chhatrapati Shivaji Airport. When Turkey supported Pakistan in the India-Pakistan war last month, after that this Turkish company had to close its operations in India.
If Adani Airports is successful in getting the bid for ground handling at Mumbai and Ahmedabad airports, then it will be the third ground handler company at both these airports. According to Indian rules, airports with an annual capacity of at least 1 million passengers will have three ground handling companies.
Foreign Loan of $750 Million Raised by Adani Airports
Which Banks Funded the Loan – Adani Group company Adani Airports has raised a foreign loan of $750 million (Adani Airports foreign loan). The international banks providing loans include First Abu Dhabi Bank, Barclays and Standard Chartered Bank. The company has given this information by issuing a statement on Wednesday.
How Will the Funds Be Utilized – Adani Airports will use this amount to refinance existing debt, upgrade infrastructure and expand capacity at the airport. These upgrades will be done mainly at Ahmedabad, Lucknow, Bengaluru, Jaipur, Guwahati and Thiruvananthapuram airports. Adani Airports was formed in 2019. It is a 100% owned subsidiary of Adani Enterprises, the flagship company of the Adani Group.
Adani Airports’ Expansion Roadmap – The company has said that in the financial year 2024-25, 9.4 crore passengers arrived at its operational airports. Their capacity is 11 crore passengers. By 2040, it wants to increase the passenger capacity by 3 times to 30 crore. Under this road map, Navi Mumbai International Airport is going to start soon. It is expected to add 2 crore passengers in its first phase. After completion of all the phases, its capacity will increase to 9 crore annually.
Q1. Why is Adani Airports bidding for ground handling services?
A: Adani Airports is entering the ground handling business after Turkish company Celebi exited India, leaving space at Mumbai and Ahmedabad airports.
Q2. What is the reason behind Celebi’s exit from India?
A: Celebi exited India following geopolitical tensions after Turkey supported Pakistan in the recent India-Pakistan conflict.
Q3. How much loan has Adani Airports raised?
A: Adani Airports has raised a $750 million foreign loan from global banks like Barclays, First Abu Dhabi Bank, and Standard Chartered.
Q4. What will Adani use the $750 million loan for?
A: The funds will be used to refinance existing debt, upgrade infrastructure, and expand capacity across six major airports in India.
Q5. What are Adani Airports’ future plans for capacity expansion?
A: The company aims to increase its passenger handling capacity from 11 crore to 30 crore annually by 2040, including Navi Mumbai International Airport.
