Adani Group is weighing a non-controlling investment in a regional airline as part of efforts to improve connectivity at its airports, while ruling out plans to launch or run its own carrier. The proposal centres on supporting traffic to Adani Airport Holdings’ smaller airports in India, rather than building a full airline business, after earlier market speculation that the group could enter aviation directly.
Jugeshinder Singh, chief financial officer of Adani Group, outlined the approach during a post-earnings call in Mumbai. Adani Enterprises has already told stock exchanges that it is not evaluating any proposal to enter the airline business, and the latest remarks framed any potential involvement as strategic support for regional services.
The group is also understood to have sought a change to rules limiting airport operators to a 10% equity stake in airlines. That constraint has become relevant as India looks to expand regional aviation links, with Adani seeking ways to align airline connectivity with its airport network without taking on operating risk in the carrier business.