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Indian billionaire Adani considering starting an airline, sources say

Two sources who have direct knowledge of the situation said that Indian billionaire Gautam 'Adani's group is considering launching a new airline. This could reshape the competition in a market currently dominated by IndiGo &?Air India.

Sources declined to be named because they weren't authorised to talk to the media.

According to the first source, India has been encouraging business groups to start an airline, including Adani. This is due to the ongoing scrutiny of Air India after 'last year's crash, and IndiGo's operational problems that led to 'widespread disruptions in December'.

Adani?did not immediately respond to?questions from?. Reporting by Abhijith Gaapavaram and Aditya Kalra, Editing by Jacqueline Wong & Jamie Freed

(source: Reuters)