Delhi airport is turning out to be a great investment for Groupe ADP
Also read: For India to become an aviation hub, first fix airport terminal connectivity Groupe ADP operates the two airports in Paris and has stakes in TAV Airports - the Turkish company, which owns or operates airports across multiple countries from Kazakhstan to Chile. The investments were linked to GMR infrastructure, the listed company, reorganising itself into GMR Airports and the non-airport assets being separated. For the nine months ended September, total traffic at the two airports in Paris stood at 75,563,078.
The traffic at airports operated by GMR stood at 79,521,105 while the 11 operators under TAV saw 74,624,104 passengers. With 53,431,298 passengers from January to September, Delhi airport was the jewel in the crown for Groupe ADP as Paris CDG saw 50,841,244 passengers in the same period. Delhi has been amongst the airports which have grown its traffic since 2019 (pre-COVID).
The growth was 4.4% for Delhi. Hyderabad grew 10% as well. Other airports in the Groupe ADP portfolio which recorded more traffic than 2019 were Almaty, Medina, Amman and Zagreb.
Interestingly, at the group level the traffic was down by 2.1% for the first nine months of 2023 when compared against the same period of 2019. Paris CDG, the flagship of the group Both the ADP airports at Paris and all airports of TAV have shrunk. The TAV airports portfolio handled 87,637,592 passengers for the first nine months of 2019, while the number stood at 74,624,104 in 2023 for the first nine months.
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