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Adani Airports Holdings Limited secured USD 750 million in external commercial borrowings from an international banking consortium led by First Abu Dhabi Bank, Barclays and Standard Chartered. The proceeds will refinance debt and fund infrastructure upgrades and capacity expansion at Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram airports. Last fiscal year, AAHL handled 9.4 crore passengers against an 11 crore capacity. The funds aim to strengthen non-aeronautical revenues through retail, F&B and duty-free offerings across its network.
Adani Airports Holdings Limited recently raised USD 750 million in external commercial borrowings from a consortium of international banks led by First Abu Dhabi Bank, Barclays and Standard Chartered. AAHL indicated that it intended to apply the funds towards refinancing existing debt and investing in infrastructure improvements and capacity enhancement across its six airports - Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram. Advertisement
AAHL, India's largest private airport operator by number of airports and a subsidiary of Adani Enterprises, recorded 9.4 crore passengers in the past fiscal year against an overall capacity of 11 crore. The lender group was told that the fresh capital would also facilitate the scaling of non-aeronautical businesses, including retail, F&B, duty-free and ancillary services across the airport network.
Since assuming operations under the public-private partnership model in 2019, AAHL has invested heavily in terminal modernisation and passenger amenities. It has established premium lounges, upgraded cargo handling facilities and secured brand partnerships to bolster retail zones. This latest debt raise is expected to expedite ongoing projects such as the expansion of terminal lounges and the introduction of dedicated premium retail precincts, reflecting a broader industry trend of diversifying revenue streams beyond aeronautical charges.
By refinancing existing obligations and channel-ling investment into capacity enhancement, Adani Airports is poised to meet rising passenger demand while enriching customer experience. The emphasis on non-aeronautical revenue streams also highlights how airport operators are adapting to shifting market dynamics and seeking sustainable growth avenues. As AAHL continues to expand and modernise its facilities, this funding round reaffirms its commitment to delivering world-class infrastructure and fostering long-term operational resilience.
Source - PTI
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