Adani Airports Holdings Ltd (AAHL), India’s largest private airport operator and a unit of Adani Enterprises Ltd, has secured $750 million in funding via external commercial borrowings. The funds will be used for debt refinancing, infrastructure upgrades, and expanding non-aeronautical services across its airports in India. The move marks a significant step in the group’s long-term aviation growth strategy, especially in Maharashtra and other key states.
Adani Airports Holdings Ltd (AAHL), a subsidiary of Adani Enterprises Ltd and India’s largest private airport operator, has raised $750 million through external commercial borrowings. The financing was secured from a consortium of international banks, including First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank, according to a stock exchange filing.
Headquartered in Ahmedabad, Gujarat, AAHL operates six major airports across India—Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram—and is currently developing the upcoming Navi Mumbai International Airport in Maharashtra.
The funds will be used to refinance existing debt, enhance airport infrastructure, and expand capacity. Additionally, AAHL plans to invest in growing its non-aeronautical business verticals, such as retail, food and beverages, duty-free, and passenger services.
The trust placed in us by leading global financial institutions underscores the long-term value and potential of India’s aviation infrastructure, We aim to deliver seamless, tech-driven operations while focusing on sustainability and community engagement.”
Arun Bansal, CEO of AAHL
Legal advisors for the transaction included Latham and Watkins LLP and Linklaters LLP for English law, and Cyril Amarchand Mangaldas and TT&A for Indian law.
The company also revealed plans to bid for ground handling services at Mumbai and Ahmedabad airports, particularly after the revocation of Turkish firm Çelebi Hava Servisi AŞ’s security clearance due to diplomatic tensions involving Turkey.
AAHL served approximately 94 million passengers in FY2024–25, with a current capacity exceeding 110 million. The company aims to scale this to 300 million passengers annually by 2040. The first phase of the Navi Mumbai International Airport will add another 20 million passenger capacity, eventually expanding to 90 million.
