CURRENT AFFAIRS

Detailed explanation-1: -After a competitive bidding process, the Adani group won the rights to run all of them for 50 years.

Detailed explanation-2: -Airports in Lucknow, Jaipur, Mangaluru, Thiruvananthapuram, Ahmedabad, and Guwahati were leased by the AAI in February 2019 through a competitive bidding process. The Adani group did aggressive bidding and won the rights to run all six of them for 50 years.

Detailed explanation-3: -It is owned and operated by the Lucknow International Airport Limited (LIAL), a public–private consortium led by Adani Group.

Detailed explanation-4: -The Adani group is estimated to invest Rs 10, 700 crore in the expansion of Lucknow airport, increasing its annual passenger handling capacity from four million passengers per annum (MPPA) to 39 MPPA and cargo handling capacity to 0.25 million tonnes annually.

Detailed explanation-5: -The Chief Executive Officer (CEO) of Adani Airport Holdings Ltd Arun Bansal today while speaking to ANI stated that Adani Airports is very ambitious to acquire more airports through government bidding.