The Adani Group on Friday refuted media reports and market speculation that it was planning to enter the airline business, calling these claims completely baseless and false. ""We would like to categorically deny the recent media reports and market speculation suggesting that Adani Enterprises is planning to launch an airline. These reports are entirely baseless and factually incorrect," an Adani Enterprises spokesperson said.
The spokesperson added that Adani Enterprises is not evaluating any proposal to enter the airline business.
Earlier, media reports had said that billionaire Gautam Adani's flagship group is considering launching a new airline, which could change the competitive environment in the market dominated by IndiGo and Air India.
However, the Indian conglomerate categorically denied such media reports, saying the group is not planning to launch an airline.
"These reports are completely baseless and factually incorrect," An Spokesperson said, adding Adani Enterprises is not considering any proposal to enter the airline business.
Adani Group Presence In Airport And Ports Business
The group, which entered the Airport management sector in 2019, operates airports like Mumbai, Jaipur, and Thiruvananthapuram through its flagship firm, Adani Enterprises. The group has a presence in roads, real estate, and infrastructure.
Additionally, the group has a strong presence in the port business as well through Adani Ports. It is India's top private operator by volume and operates 15 domestic ports, including Mundra, the country's busiest private port, in the western state of Gujarat.
Adani Ports has four ports outside India, including Australia, Israel, Tanzania and Colombo.