Lockdown 2.0: Mumbai airport invokes force majeure over revenue sharing

Delhi airport settles for talks; AAI refuses waiver but agrees to deferred payment

The country’s two largest private airports, in Delhi and Mumbai, are taking different routes to seek a waiver from revenue payment to the Airports Authority of India (AAI) as the nationwide lockdown continues.
 

While GVK group-owned Mumbai International Airport Ltd (MIAL) has invoked the force majeure clause to suspend payment for the April-June period, GMR’s Delhi International Airport Ltd (DIAL) has opened a dialogue with the AAI for the same. A MIAL spokesperson didn’t respond to a query on the matter.
 

The AAI has not yet agreed to give a waiver and has instead asked the two entities to defer