Adani Airports’ USD 750 Million Deal to Transform Flying in India
Newzdaddy Business Updates
- Adani Airports secures USD 750 million in global financing to fuel its upcoming expansion.
Editor’s Summary - Acquired USD 750 million in funding from international banks via the ECB
- The financing was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank; the funds will be used to refinance the current USD 400 million debt, with the remainder going towards expansion capital expenditures for six of its airports and AAHL’s non-aero sector.
The largest private airport operator in India, Adani Airports Holdings Ltd (AAHL), a division of Adani Enterprises Limited, has raised USD 750 million from a group of foreign banks through External Commercial Borrowings (ECB). Standard Chartered Bank, Barclays PLC, and First Abu Dhabi Bank spearheaded the deal.
The funds will be utilised to expand the capacity of the six airports—Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram—refinance existing debt, and scale non-aeronautical businesses like retail, food and beverage, duty-free, and services throughout the airport network.
With a total capacity of 110 million passengers, AAHL carried 94 million passengers in FY 2024–2025. Through gradual development, the airline hopes to treble its capacity to 300 million passengers annually by 2040. The Navi Mumbai International Airport is anticipated to open soon as part of this plan, adding 20 million passengers in the first phase and gradually increasing capacity to 90 million passengers yearly, greatly enhancing the aviation infrastructure in the Mumbai area.
“The confidence that top international financial institutions have shown in us highlights the aviation infrastructure of India’s long-term worth and potential. Arun Bansal, CEO of AAHL, stated that the airline is well on its way to providing outstanding customer experiences, utilising technology to ensure smooth operations, and giving sustainability and community involvement top priority throughout its airport network. “As we proceed, AAHL is dedicated to being the Gateway to Goodness, providing customer-focused solutions, and constructing top-notch airport infrastructure that establishes international standards for sustainability and service.”
Cyril Amarchand Mangaldass and TT&A served as the transaction’s Indian legal counsel, while Latham and Watkins LLP and Linklaters LLP served as its English legal counsel.
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