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Adani Group may run three Sri Lankan airports
Adani Group is negotiating with Sri Lankan authorities to manage three airports in the island nation, including its premier international gateway, Bandarnaike International Airport in Colombo.
Dr.G.R.Balakrishnan Feb 10 2024 Logistics News (Airlines & Aviation)

Adani Group may run three Sri Lankan airports

Sri Lanka’s minister for tourism, land, sports, and youth affairs, Harin Fernando, said on Friday 9 Feb that modalities are being discussed between the two sides and could involve management contracts as well.

Other airports being offered are Ratmalana Airport in Colombo and Mattala Airport, the latter earning the tag of the world’s emptiest international airport seven years ago.

“There are plans to work with Adani Group for the management of airports,” Fernando told businessline on the sidelines of the OTM travel show in Mumbai.

 

The plan to rope in a private partner to manage airports comes amid a resurgence in tourism. Foreign tourist arrivals in Sri Lanka doubled to 1.48 million in 2023 on a year-on-year basis. This, however, has put a strain on the country’s airport infrastructure. It is hoped that a private partner would help in expanding the facilities and improving the passenger experience.

The Adani Group did not respond to an email query on the topic.

 

If the deal goes through, it could be Adani Group’s first overseas aviation foray. In Sri Lanka, it is already present in ports and the renewable energy sector. The

Adani Group currently has a portfolio of eight airports (including the upcoming Navi Mumbai airport) in the country, serving 23 per cent of India’s passenger base.

“We are happy with tourism growth. In January, we received 208,000 tourists, and in the first seven days of February, we had 60,000 tourists. Our numbers are trending well, and forward bookings are looking great,” Fernando said.

 

 India is the largest source market for the country, accounting for 37 per cent of all arrivals in CY 2023. The Sri Lankan government is also targeting wealthy Indians to park their yachts at their marinas as a part of its marine tourism policy.

“We are targeting 2.3 million tourists in 2024, and we are quite hopeful we will reach the target. By 2030, we hope to attract four million visitors. That’s why we have to go for massive development projects,” he remarked.