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Adani Group plans to invest over $11bn in its airports business by 2030 to expand capacity, upgrade infrastructure and bid for up to 11 new airports slated for privatization. The investment will cover terminals, runways, passenger facilities and a push into aviation services such as aircraft maintenance and ground handling. Adani Airport Holdings, which currently operates seven airports, is said to be preparing for an IPO by FY2028, likely via a demerger from Adani Enterprises, and is open to bringing in a strategic investor ahead of listing. The airports unit is EBITDA positive but not yet cash-flow positive, a milestone it expects to reach within three years, according to Jeet Adani, director at Adani Airport Holdings. The expansion comes as the group works to cut debt, restructure businesses and rebuild investor confidence following recent scrutiny, while also exploring opportunities in aircraft maintenance, engineering and potential manufacturing partnerships.
Adani’s bonds traded stable with its 3.1% 2031s at 88.7, yielding 5.69%
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