Adani Airports buys 23.5% stake in Mumbai International Airport for $224.6m
Adani group chairman Gautam S. Adani. Photographer: Tomohiro Ohsumi/Bloomberg Premium
Adani Airport Holdings (AAHL), a wholly owned subsidiary of Adani Enterprises, has acquired 23.5 percent stake in Mumbai International Airport (MIAL) from ACSA Global (ACSA) and Bid Services Division (Mauritius), or Bidvest, for ₹1,685.25 crore, the company said in a regulatory filing.
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Saudi Arabia has put on hold financing plans potentially worth billions of dollars for the expansion of Riyadh's airport, sources said, a sign that the kingdom is re-assessing strategic priorities after the coronavirus crisis.
Riyadh Airports marks launch of new flight route to Amsterdam
RIYADH, January 27, 2021 Riyadh Airports Company (RAC) celebrated the launch of a new route between the Dutch capital Amsterdam and the Saudi capital Riyadh operated by Royal Dutch Airlines (KLM). This new route marks KLM’s very first operation through King Khalid International Airport (KKIA) Riyadh, marking a new chapter for both KLM and KKIA. The inauguration ceremony of this new route and the arrival of the first flight from Amsterdam were attended by Janet Alberda, the Ambassador of the Kingdom of the Netherlands to Saudi Arabia, Hamid Sait, Country Manager of KLM and Abdulaziz Al-Asaker, General Manager Aeronautical Business Development at Riyadh Airports.
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Saudi Arabia has put on hold financing plans potentially worth billions of dollars for the expansion of Riyadh s King Khalid International Airport, said a report, citing sources, as the kingdom starts prioritising projects based on budgetary needs.