Claim: Modi mortgaged Lucknow Airport at 46 crores for 50 years. Lucknow Airport makes a profit of 120 crores per year.
Fact-check: Lucknow airport was not mortgaged at 46 crores but leased at Rs 171/passenger for 50 years to Adani Group - FACTLY
Verdict: the lucknow airport is not mortgaged but leased for 50 years to adani group after inviting bids. the lease was granted based on revenue per passenger model. there was no fixed amount for the grant of the bid. also, based on the data available for years 2014-15 to 2017-18, the profit of lucknow airport never went beyond 100 crores. hence the claim made in the post is false.
Organisation: FACTLY
Author: Akhil Reddy
Date published: 2019-07-08T14:04:12