Adani Group has no plans to operate an airline, says CFO
Mumbai, July 31 -- The Adani Group is exploring the possibility of picking a non-controlling stake in regional carriers to improve connectivity to its existing and future small airports, but has no plans to operate an airline, a top executive said on Wednesday.
"We're not starting an airline or business, but to be able to support the development of an airline for regional connectivity is our interest," Adani Group's chief financial officer (CFO) Jugeshinder Singh told analysts during a post-earnings call of flagship firm Adani Enterprises Ltd.
The clarification comes four days after Adani Enterprises informed stock exchanges that it was "not evaluating any proposal to enter the airline business."
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