The country’s most private airport operator Adani Airports Holdings Limited (AAHL) has raised US $ 750 million from a union of international banks through an external commercial lending (ECB). According to PTI news, AAHL, a subsidiary of Adani Enterprises Limited, has raised this amount from First Abu Dhabi Bank, Barclays PLC and Standard Chartered Bank. The company will use this amount for rehabilitation of existing loans, investing in upgrading infrastructure and capacity expansion in six airports ie Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram.
What is the company’s planning regarding the raised amount
According to the news, with the help of this amount, non-standard businesses including services in the company retail, F&B, duty free and airport network will be increased. AAHL served 94 million passengers with a total capacity of 110 million passengers in FY 2024-25, as part of this roadmap, the Navi Mumbai International Airport is expected to be operational soon, with 20 million passengers in the first phase will add up to 90 million annually, and the capacity will be expanded up to 90 million annually, which will boost the Mumbai region’s airline.
The company will provide the best customer experience
Arun Bansal, CEO, Adani Airports Holdings Limited, said the trust by the leading global financial institutions underlines the long -term value and capacity of India’s aviation infrastructure. The company is moving well on its route to provide excellent customer experience, take advantage of technology for uninterrupted operations and prioritize stability and community engagement in its airport network.
Bansal said that we continue our journey, Aahl Gateway to Goodness is committed to providing customer-focused solutions and building a world-class airport infrastructure, which sets a global standard in service and stability. Latham and Watkins LLP and Linklator LLP served as the English Law Advisor for the transaction, Siril Amarchand Mangaldas and TT&A served as Indian law advisors for transactions.
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