CURRENT AFFAIRS

Detailed explanation-1: -The airport has been leased out to the group by the government of India for a period of 50 years.

Detailed explanation-2: -While the share of the revenue for AAI is 45.99% for Delhi international airport and 38.7% for Mumbai international airport on gross revenue, for the Bengaluru and Hyderabad airports it is 4% of gross revenue. The Adani Group already runs eight airports across India, handling nearly 20% of air passengers in India.

Detailed explanation-3: -The Airports Authority of India (AAI) on Sunday midnight handed over the Lucknow airport to the Adani group on lease for a period of 50 years.

Detailed explanation-4: -Three of these six airports - Ahmedabad, Mangaluru and Lucknow - were consequently handed over to the Adani Group in November 2020. The concession agreement for the other three airports - Jaipur, Guwahati and Thiruvananthapuram - were signed between AAI and Adani Group in September 2020.

Detailed explanation-5: -The AAI has leased out eight of its airports under PPP for operation, management and development on a long term lease basis. A total of 25 airports have been earmarked for leasing over the years between 2022 and 2025, Minister of State, Civil Aviation, Gen V.K.