India's Adani says not evaluating proposal to enter airline business

Indian billionaire Gautam ‌Adani’s Adani Enterprises said 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.