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 Aviation News
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.
Domestic and international passengers increased by 92% and 133%, respectively, at 7 Adani airports
The Chaudhary Charan Singh International Airport (CCSIA) in Lucknow will be greatly improved in the near future. The Adani Group intends to invest up to Rs 5,000 crore in the project.
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The Adani Group has made a non-binding offer of 462 crore to purchase Air Works, one of India’s oldest maintenance and repair companies for aircraft.
Reliance Group’s Asteria Aerospace designs and develops drone-based solutions to change enterprise operations using aerial data. It develops customized drone solutions operating in-house hardware design, software development, and manufacturing capabilities.
The Adani Group, which handles seven airports in the country, is looking to invest in Mumbai-based Air Works Group, a 71-year-old firm that is India’s biggest independent aircraft maintenance, repair, and overhaul (MRO) organization.