Indian billionaire Gautam Adani’s Adani Enterprisessaid on Friday that it is not evaluating any proposal to enter the airline business, denying media reports and market speculation that it planned to launch an airline.
“The reports are entirely baseless and factually incorrect,” the company said in an exchange filing.
Reuters reported on Thursday that the Adani Group was considering launching a new airline, citing two sources with direct knowledge of the matter.
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