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AAHL will either have an IPO or a demerger between 2027 and 2030: Jeet Adani
December 20, 2025
|Business Standard
The Navi Mumbai International Airport (NMIA), the second airport in the Mumbai Metropolitan Region (MMR), will see its commercial flight operations begin on December 25 after a long wait.
Jeet Adani, director, Adani Airport Holdings Ltd (AAHL), spoke to the press at a media roundtable at the airport's office ahead of the operational launch. Edited excerpts:
There has been a buzz about a proposed study by the City and Industrial Development Corporation (Cidco) of Maharashtra for a third runway. What’s your view?
It is something that we welcome. More than just the land feasibility, what's important is to see the sky feasibility because Mumbai airspace is quite congested. If the third runway comes through, it will benefit since that will push out the need for a third airport by five to six years. Larger point, if we compare Mumbai to London, there are five airports in London, and in Mumbai there's talk about two to three airports. You need five airports in Mumbai itself.
Is there space for a third runway within the existing NMIA?
There is no space. It is a little theoretical. On paper, a new airport will need up to ₹20,000 crore. If I can buy land for ₹2,000-3,000 crore and put another runway, it is a better option on paper. But it’s not just the runway. With that, one requires highway connectivity, a new terminal, and other things. It has to be truly independent.
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