Lounge access at airports across India faces disruption as Dreamfolks Services Ltd unexpectedly suspends operations. Adani Airport Holdings Ltd (AAHL) reports that the lounge access provider, partnered with multiple banks, has violated service agreements with affected airports.
Adani airports
According to an Adani Enterprises presentation, 30-35 airports currently managed by the state-owned Airports Authority of India (AAI) are slated for privatization by 2025.
Reportedly, the Adani Group has shown interest in developing the proposed international airport in Puri
Prisma AI, a global company providing visual AI-based solutions, collaborated with Adani airports last year to establish the ‘Desk of Goodness’
Adani Airports in discussions with Hong Kong-based Plaza Premium to establish a joint venture for the operation of airport lounges
Adani Airports Holdings successfully raised Rs 400 crore through secured, listed, rated, non-convertible debentures with a 10% offering for three and five years
Adani Ports and Special Economic Zone (APSEZ) has officially established a fully-owned subsidiary company called Udanvat Leasing IFSC unit.
MUMBAI- Adani Enterprises, supported by billionaire Gautam Adani, announced on Friday that the corporate affairs ministry in India is conducting an examination of the financial records of the group’s two airports located in Mumbai, the country’s financial hub.
Adani Airports Holdings (AAHL), India’s second-largest airport operator, has expressed interest in raising its stake in Mumbai International Airport (MIAL) beyond the current 74 percent.
Kannur International Airport (CNN), facing financial difficulties, is actively considering the option of transferring its management to the renowned Tata Group, while Adani Airports are also interested in business.