Corporate Grapevine     

Published: May 15, 2024
Updated: May 15, 2024

Aviation bonanza for GMR, Adani

The GMR and Adani groups are in for a bonanza as ICRA projects the overall air passenger traffic to witness a healthy growth of around 8-11 per cent to around 407- 418 million in FY2025, supported by a strong pick-up in both leisure and business travel, improved connectivity to newer destinations in the domestic segment and a continued uptick in international travel. Passenger traffic had already reached 376.4 million (+15% YoY) in FY2024, surpassing the pre-Covid level by 10%. The revenues of ICRA’s sample set are likely to grow by around 15-17% YoY in FY2025.

Both companies own some of India’s leading airports and will make the most of this unprecedented growth. While GMR owns the New Delhi and Hyderabad airports, Adani operates the Mumbai, Jaipur, Lucknow, Ahmedabad and Thiruvantapuram airports.

July 15, 2024 - First Issue

Industry Review

VOL XV - 23
July 01-15, 2024

Formerly Fortune India Managing Editor Deven Malkan Assistant Editor A.K. Batha President Bhupendra Shah Circulation Executive Warren Sequeira Art Director Prakash S. Acharekar Graphic Designer Madhukar Thakur Investment Analysis CI Research Bureau Anvicon Research DD Research Bureau Manager (Special Projects) Bhagwan Bhosale Editorial Associates New Delhi Ranjana Arora Bureau Chief Kolkata Anirbahn Chawdhory Gujarat Pranav Brahmbhatt Bureau Cheif Mobile: 098251-49108 Bangalore Jaya Padmanabhan Bureau Chief Chennai S Gururajan Bureau Chief (Tamil Nadu) Ludhiana Ajitkumar Vijh Bhubaneshwar Braja Bandhu Behera

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