At a time when the aviation sector is going through an all-time low owing to the pandemic, the Adani Group has formally taken over the management of the Mumbai International Airport from the controls of the GVK Group. With the addition of Mumbai airport, Adani Airport Holdings will now have control over 33% of India’s air cargo traffic. Adani Group will have 74% stake in Mumbai’s Chhatrapati Shivaji Maharaj International Airport, post the stake purchase transaction, with 50.5% being bought from GVK Group and 23.5% from minority partners including Airports Company South Africa (ACSA), and Bidvest Group.
