Mial

Mumbai airport sees 6.3% rise in passenger traffic to 54.8 million in 2024

Mumbai International Airport logged a 6.3 per cent year-on-year growth in passenger traffic at 5.48 crore in 2024, the private airport operator Mumbai International Airport Ltd (MIAL) said on Thursday. The passenger traffic at Mumbai airport was recorded at 5.16 crore in 2023, it said. The airport also recorded 3,46,617 air traffic movements, or departures and arrivals, marking a 3.2 per cent increase over the previous year, MIAL said. The facility saw its highest single-day passenger movement on December 21, with about 170,000 passengers -- 116,982 domestic and 52,800 international travellers, it said. December also emerged as the busiest month for the airport, recording a 3.4 per cent growth in arrival and departure of passengers at 50.5 lakh. Additionally, the airport achieved a milestone with over 8,000 international air traffic movements in December, further strengthening its position as a global travel hub while two days of February 2024 -- 3 and 10 February -- saw CSMIA ...

Q4 results: Airport dues drag down Adani Enterprises net profit 37.6%

Mumbai International Airport Ltd (MIAL) reported a one-time exceptional expense of Rs 627.37 crore due to past dues

Mumbai airport may 'incur losses in near future' due to Covid impact: MIAL

MIAL's net loss in FY22 would have been higher had it included the annual fee payment - which is 38.7 per cent of revenues - to Centre-run AAI under its head 'total expenditure' of the balance sheet

Mumbai airport handles 260,000 passengers over weekend, most since May 2020

Delhi, Bengaluru and Chennai were the top three domestic destinations, while Dubai, Abu Dhabi and Singapore took the top three positions for highest international traffic

Mumbai International Airport raises $750 million debt from Apollo Global

The capital raise comes in the backdrop of recovery in domestic air traffic and resum­ption of scheduled internatio­nal services from March-end

Mumbai airport hires banks for sale of dollar-denominated bonds: Report

Mumbai International Airport has hired a group of banks to arrange a sale of US dollar-denominated bonds to refinance existing debt and for capital expenditure, a bank document showed on Monday.

MIAL raises Rs 7,200 cr via NCDs and foreign loans, refinances debt

The capital raise happened last month and around Rs 6,500 crore of loans owned to domestic lenders were repaid

BS READS: Rs 10,000-cr hit behind govt plan to sell Delhi, Mumbai airports

With the golden geese laying golden eggs no more, the Modi government's decision to sell Delhi and Mumbai airports could well save it from flogging a dead horse in the coming years

Adani Group likely to bid through MIAL in next round of privatisation

The group is reshuffling top management of Mumbai Airport after acquiring 74 per cent stake last year

Delhi HC stops AAI from collecting 38.7% of Mumbai airport's revenue

Verdict a respite for MIAL, which invoked force majeure due to Covid disruptions

Mumbai airport delays salary and vendor dues, says no access to funds

MIAL cites court's status quo order on escrow account for situation

BS Reads: 1 in 4 flyers in India to land or take off from an Adani airport

While questions may arise over the dominance of a single corporate group in running airports, it pretty much fits into the govt's plan to exit this space and earn revenue without working for it

ED probe 'finds diversion' of Rs 310 cr from MIAL through shell companies

A portion of this was routed back to the promoters of the GVK Group in the joint venture company through multiple complex transactions, according to the federal agency

Terminal decline: How GVK group's infra bets cost it Mumbai airport biz

While the group hadn't built on its airport assets, its entry into coal, power and roads was the proverbial last straw that saw its lose its crown jewel in Mumbai

Adani Group acquires 74 per cent stake in Mumbai International Airport

The deal has been finalised even though a consortium of foreign investors which had earlier signed a binding agreement with GVK group for buying the asset has legally challenged it

A tale of jittery bankers, a stalled deal and GVK's Adani embrace

August-end loan deadline brought GVK to negotiating table

Grounded in Mumbai

Issues related to airport deal raise questions

Battle for MIAL: Foreign investors serve legal notice on GVK group

Call Mumbai airport stake sale to Adani a breach of agreement

Covid-19: MIAL headed for debt restructuring under RBI's special window

RBI has formed a panel under the chairmanship of K V Kamath to advise on debt restructuring of corporate borrowers facing stress due to the pandemic.

Adani Enterprises shines on bourses as it closes in on Mumbai airport

The company is aiming to become the leading airport operator in the country after getting access to the key Mumbai airport and that has driven investor sentiment and confidence, say experts