Indian billionaire Adani considering starting an airline, sources say
NEW DELHI, July 23 (Reuters) – Indian billionaire Gautam Adani’s group is considering launching a new airline, a move that could potentially reshape competition in a market dominated by IndiGo and Air India, said two sources with direct knowledge of the matter. The plan signals a change of strategy for the ports-to-cement group which operates eight airports in India, including two in Mumbai, and has an $11 billion expansion strategy, but said earlier it was not looking to enter the airline business. No final decision has been made and the group is still considering whether it should start an airline