Anil Ambani revives plan to launch airline

Bangalore: Reliance Anil Dhirubhai Ambani Group (ADAG) chief Anil Ambani is revisiting his dream of entering the civil aviation business.
According to an industry source who did not want to be named, the group is reviving plans to tap opportunities in aviation, now that the sector is showing signs of a turnaround.
The source said the group has not yet decided whether it would start its own airline or acquire another carrier to foray into the commercial aviation space.
He said Reliance had enough resources to start out on its own, but it would get a headstart if it bought out an established airline.
However, he does not expect Ambani’s airline dream to materialise before one or two years.
“It is looking to offer services in both the low-cost and full-service segment, like Kingfisher Airlines and Jet Airways. It wants to start on a big scale and that will take time,” said the source.
05/03/10 Praveena Sharma/Daily News & Analysis

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Categories: New Mar 2010