Adani Group denies plans to launch airline:Terms reports ‘baseless and factually incorrect’

Adani Group on Friday denied media reports and market speculation that it is planning to enter the airline business, calling the claims “entirely baseless and factually incorrect.” 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. -Adani Enterprises spokesperson to PTI The spokesperson added that Adani Enterprises is not evaluating any proposal to enter the airline business. What media reports claimed earlier? Earlier media reports had stated that major airport operators GMR Group and Adani Group were seeking approval to enter the airline business by pursuing changes to existing rules governing airport operators’ ownership of scheduled airlines. Why Adani Group needs the GoI to change country’s aviation rules to launch airline? Media reports had suggested that the move would require amendments to the existing regulatory framework, which currently bars operators of the New Delhi and Mumbai airports from holding more than a 10% stake in a scheduled airline. The reports further said the government was examining the possibility of amending the provision, including seeking legal opinion, with any change requiring Cabinet approval. No confirmation from the govt: However, neither the government nor the airport operators have officially announced any changes to the existing rules. Adani Group’s Aviation Ecosystem Adani Group operates 8 major airports in India Adani Group company, Adani Airport Holdings Limited (AAHL), already operates eight major airports across India, including those in Mumbai, Jaipur, and Thiruvananthapuram. Starting an airline would allow the group to connect its airport infrastructure directly with flight operations.