Big setback to Adani in foreign
Business Business: Gautam Adani Group’s overseas expansion has suffered a major setback. In fact, a Kenyan court has banned the Adani Group company from planning to operate the country’s main airport (Jomo Kenyatta International Airport). The deal is worth $1.85 billion. The temporary ban was imposed at a time when Kenya’s acquisition of an airport in Nairobi was facing strong opposition. A decision by Kenya’s Supreme Court has dealt a blow to the 30-year lease of Jomo Kenyatta International Airport. It is important to note that protests began in July against the proposed 30-year purchase of Jomo Kenyatta International Airport by the Adani Group. The Kenya Airways Workers Union opposed the acquisition due to job cuts and hiring of foreigners. Last month, Kenya’s largest aviation union also called for a strike. The Kenya Airways Union, which represents airport workers, said the deal with Adani Airport Holdings would result in the loss of jobs for local workers and attract non-Kenyan workers. In a seven-day strike, the union has called on the government to stop the illegal sale of Jomo Kenyatta International Airport to India’s Adani Airport Holdings.
The Kenyan government said the contract with the Adani Group was to modernize the airport, not sell it. On this basis, Mr. Adani’s company is building a new runway and a new passenger terminal. There has been no response from the Adani Group on this matter yet. Adani Airport Company Gautam Adani has a portfolio of eight airports that handle more than 50% of India’s top 10 domestic flights. Let us tell you that Adani Group is the leading company of the Adani Airport Business Group.
