AAI got request for waiver on airport-airline cross ownership restriction: Govt.
The Indian government confirmed that the Airports Authority of India received a request to waive restrictions on cross-ownership between airports and airlines. This follows reports that the Adani Group is seeking such relaxations as it explores entering the aviation sector.
Why it matters
Granting such a waiver could lead to significant market consolidation and raise concerns regarding competition and conflicts of interest in India's aviation infrastructure.
The Airports Authority of India (AAI) has received a request seeking a waiver from provisions that bar cross-ownership of airports and airlines, the government told Parliament on Monday, confirming reports that the Adani Group has sought relaxations as it explores entering the airline business.
“Request seeking waiver of the relevant agreement provision has been received by Airports Authority of India (AAI),” Minister of State for Civil Aviation Murlidhar Mohol said in response to a question from CPM MP John Brittas in the Rajya Sabha.
Though Adani Enterprises denied the media reports, a prominent business daily subsequently cited a letter from Adani Airports CEO Arun Bansal seeking relaxations from the government. Adani Airports Holding Limited has eight airports in its kitty.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in