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The flagship company of Gautam Adani’s sprawling corporate giant incorporated “Airports Infrastructure PLC (AIP)” in Kenya on August 30, according to a filing with the National Stock Exchange of India in Mumbai. “AIP is incorporated to take over, operate, maintain, develop, design, construct, upgrade, modernise and manage the airports,” the filing reads.
Adani Enterprises has set up a Kenyan subsidiary as it steps up its push to take over the running of Jomo Kenyatta International Airport, amid continued opposition among transport workers to the takeover by the Indian conglomerate.
The flagship company of Gautam Adani’s sprawling corporate giant incorporated “Airports Infrastructure PLC (AIP)” in Kenya on August 30, according to a filing with the National Stock Exchange of India in Mumbai.“AIP is incorporated to take over, operate, maintain, develop, design, construct, upgrade, modernise and manage the airports,” the filing reads.
The Kenyan subsidiary was set up by an Abu Dhabi group called Global Airports Operator, itself a subsidiary of Adani Enterprises, which will own 100 percent of AIP’s share capital. As part of the incorporation of the Kenyan company, Adani issued a share capital of Ksh6.75 million, consisting of 6,750 shares at Ksh1,000 each.
While Adani noted that AIP has yet to commence operations or generate revenue, the establishment of a Kenyan airport subsidiary is a sign of its continued commitment to the JKIA takeover, even as domestic opposition to the deal grows.
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Kenya Airports Authority workers went on strike at JKIA on Monday to oppose Adani’s proposal to take over the airport, amid ongoing
