408 crore loss after Adani acquires Ahmedabad airport: white elephant

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408 crore loss after Adani acquired Ahmedabad airport: It has been revealed that the Sardar Vallabhbhai Patel International Airport of Ahmedabad has incurred a loss of Rs 408.51 crore in the financial year 2022-23. Ahmedabad tops the list of most loss-making airports under Public Private Partnership (PPP) in the financial year 2022-23.


A loss of Rs 48.51 crore to Ahmedabad Airport in the year 2022-23

These details have been revealed in the information presented by the Ministry of Aviation regarding the status of profit and loss in public private partnership airports. In which Ahmedabad airport suffered a loss of Rs 48.51 crore in the financial year 2022-23. Delhi airport is second with the highest loss of Rs 284.86 crore, Lucknow airport is third with Rs 160.66 crore and Jaipur airport is fourth with Rs 128.52 crore. Mumbai Airport suffered the least loss of Rs 1.04 crore. Ahmedabad Airport was privatized on 8 November 2020. . After privatisation, i.e. from November 2020 to March 2021, Ahmedabad Airport suffered a loss of Rs 83.28 crore. Interestingly, Ahmedabad Airport was making a profit before it was privatized. In which the income was Rs 176.86 crore in the financial year 2017-18, Rs 52.46 crore in 2018-19 and Rs 45.71 crore in 2019-20. In the financial year 2019-20, the profitable airports in the country included Ahmedabad, Amritsar, Bagdogra, Bhubaneswar, Chennai, Calicut, Goa. According to the informants, the facilities of Ahmedabad airport have not improved significantly after privatization and it has now become a huge loss.




Other airports of Gujarat are also sinking in the mire of loss

Other airports of Gujarat are also sinking in the mire of loss. Talking about major airports, Vadodara airport incurred a loss of Rs 46.71 crore, Surat airport Rs 31.99 crore and Rajkot airport Rs 21.93 crore in the financial year 2022-23.



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