Latest news with #AdaniAirportHoldings
New Indian Express
03-07-2025
- Business
- New Indian Express
No 'middlemen' required for lounges, says Adani Airport CEO
Adani Airport Holdings said on Thursday that passengers across India can now access lounges directly through their platform in partnership with other lounge operators, thus removing the need for any intermediaries. The Adani Group currently operates the airports in Mumbai, Lucknow, Ahmedabad, Mangaluru, Guwahati, Jaipur, and Thiruvananthapuram. It is also building the Navi Mumbai International Airport. 'Passengers across India can now access lounges directly through our platform in partnership with other lounge operators. This means no intermediaries – only seamless, a world class experience delivered directly to our consumers,' Adani Airport Holdings's chief executive Arun Bansal said on LinkedIn. Bansal added that India is at the global forefront of digital innovation. 'UPl has transformed the lives of a billion Indians, revolutionising how we transact every day and accelerating our journey to becoming the third largest economy in the world. This fintech revolution has eliminated the need for middlemen across sectors, just as companies like Airbnb and Uber did several years ago.' 'We have now brought the same spirit of innovation to our own ecosystem, led by our outstanding Digital Lab team.' Adani Airport's move to cut middlemen and increase accessibility of lounge services comes days after Dreamfolks Services CEO and Chairperson Liberatha Peter Kallat criticised two major Indian airport operators for using pressuring tactics to disrupt her company's business. Dreamfolks Services commands 90% market share in India's domestic lounge access market for debit and credit card programs, as per the company's website.
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Business Standard
03-07-2025
- Business
- Business Standard
Adani Airport rolls out digital lounge access, cuts intermediaries
Adani Airport Holdings on Thursday announced that passengers across India can now access airport lounges directly through its platform, removing the need for intermediaries. The service is being launched in collaboration with multiple lounge operators, the company's chief executive Arun Bansal mentioned on LinkedIn. 'Passengers across India can now access lounges directly through our platform in partnership with other lounge operators. This means no intermediaries – only seamless, a world class experience delivered directly to our consumers,' Bansal said. He linked the development to broader trends in India's digital transformation. 'India is at the global forefront of digital innovation. UPI has transformed the lives of a billion Indians, revolutionising how we transact every day and accelerating our journey to becoming the third-largest economy in the world,' he said. He said the company's in-house Digital Lab team led the new initiative. The move is part of Adani Group's broader push to digitise passenger services across its airport network. According to a report from last month by Bloomberg, the group is also gearing up to list its airports unit by 2027, as part of an ambitious growth plan that entails investing $100 billion across businesses over the next few years. Currently, Adani Airport Holdings, the largest private-sector airport operator in India, is a wholly owned subsidiary of Adani Enterprises Ltd. According to the report, the company plans to spend $100 billion in five to six years across its businesses. Shares of Adani Enterprises were trading at ₹2,618.25 apiece at 1.51 pm at the BSE on Thursday.
NDTV
24-06-2025
- Business
- NDTV
Adani Airports Gets $1 Billion Financing For Mumbai International Airport
Mumbai International Airport Ltd, a subsidiary of Adani Airport Holdings, has secured a $750 million investment from a group led by affiliates of Apollo-managed funds and other long-term backers, the US private capital group said on Monday. The four-year unsecured notes will be used to refinance existing debt, with an option to raise an additional $250 million, Apollo said in a statement. Adani Airports Holdings, the airport division of Adani Enterprises, secured a $750 million investment earlier this month from a consortium of international banks. The unit is expected to be spun off and listed by March 2027, according to a Bloomberg report from June. Adani Airport Holdings currently operates eight airports across India and also oversees the Navi Mumbai International Airport, a strategically located project on the outskirts of Mumbai set become operational soon.
Business Recorder
24-06-2025
- Business
- Business Recorder
Adani's Mumbai Airport inks $750 million deal with Apollo-led investor group
Mumbai International Airport Ltd, a subsidiary of Adani Airport Holdings, has secured a $750 million investment from a group led by affiliates of Apollo-managed funds, and other long-term backers, the U.S. private capital group said on Monday. The four-year unsecured notes will be used to refinance existing debt, with an option to raise an additional $250 million, Apollo said in a statement. Adani Airports Holdings, the airport division of Adani Enterprises, secured a $750 million investment earlier this month from a consortium of international banks. The unit is expected to be spun off and listed by March 2027, according to a Bloomberg report from June. India's Adani Group in talks with sovereign funds to raise $2.6bn, Business Standard reports Adani Airport Holdings currently operates eight airports across India and also oversees the Navi Mumbai International Airport, a strategically located project on the outskirts of Mumbai set become operational soon. Adani Airport Holdings and Adani Enterprises did not immediately respond to requests for comment outside of business hours.
New Straits Times
24-06-2025
- Business
- New Straits Times
Adani's Mumbai Airport inks US$750mil deal with Apollo-led investor group
KUALA LUMPUR: Mumbai International Airport Ltd, a subsidiary of Adani Airport Holdings, has secured a US$750 million investment from a group led by affiliates of Apollo-managed funds and other long-term backers, the US private capital group said on Monday. The four-year unsecured notes will be used to refinance existing debt, with an option to raise an additional US$250 million, Apollo said in a statement. Adani Airports Holdings, the airport division of Adani Enterprises, secured a US$750 million investment earlier this month from a consortium of international banks. The unit is expected to be spun off and listed by March 2027, according to a Bloomberg report from June. Adani Airport Holdings currently operates eight airports across India and also oversees the Navi Mumbai International Airport, a strategically located project on the outskirts of Mumbai set become operational soon. Adani Airport Holdings and Adani Enterprises did not immediately respond to requests for comment outside of business hours.
