Ahmedabad: Adani Airports Holdings Ltd (AAHL), India’s largest private airport operator and a subsidiary of Adani Enterprises Limited, has raised USD 750 million via External Commercial Borrowings (ECB) from a consortium of international banks. The transaction was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank.
The proceeds will be used to refinance existing debt, invest in infrastructure upgrades, and capacity expansion across the six airports viz. Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram; scale the non-aeronautical businesses, including Retail, F&B, Duty Free and services across the airport network.
AAHL served 94 million passengers in FY 2024–25 with an overall capacity of 110 million passengers, further it aims to triple capacity to 300 million passengers per annum by 2040 through phased development. As part of this roadmap, the Navi
Mumbai International Airport is expected to be operational shortly, adding 20 million passengers in the first phase, with capacity expanding up to 90 million annually in a phased manner, significantly boosting the Mumbai region’s aviation infrastructure.
“The trust placed in us by leading global financial institutions underscores the long-term value and potential of India’s aviation infrastructure. AAHL is well on its path to deliver exceptional customer experiences, leveraging technology for seamless operations, and prioritizing sustainability and community engagement across its airport network,” said Arun Bansal, CEO of AAHL. “As we continue our journey,
AAHL remains committed to being the Gateway to Goodness, delivering customer- centric solutions and building world-class airport infrastructure that sets global benchmarks in service and sustainability”
Latham and Watkins LLP and Linklaters LLP acted as English Law counsel to the transaction, Cyril Amarchand Mangaldass and TT&A acted as Indian law counsel to the transaction.
About AAHL
AAHL was incorporated in 2019 as a 100% subsidiary of Adani Enterprises Ltd, the flagship company of the Adani Group. In line with its vision to be the global leader in integrated infrastructure and transport logistics, the Adani Group made its maiden venture into the airports sector by emerging as the highest bidder for the operation, management, and development of six airports: Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram, and signing concession agreements with the Airports Authority of India for all six airports. AAHL also holds 74% in Mumbai International Airport Ltd, which, in turn, holds 74% in Navi Mumbai International Airport Ltd. With eight airports in its management and development portfolio, AAHL is India's largest airport infrastructure company, accounting for 23% of passenger footfalls and over 29% of India’s air cargo traffic.
