Indian conglomerate Mahindra Group has no plans to enter the commercial
aviation business, its chairman said on Thursday, after a local media
report said the company was planning to launch an airline.
"Mahindra Aerospace has no plans to enter commercial aviation. It is restricted to the manufacture of utility aircraft and aerostructures," Anand Mahindra said on Twitter.
Business daily Mint, citing unnamed sources, reported earlier on Thursday that Mahindra was considering starting a new airline through a joint venture.
Read news in full 23/07/15 Reuters/Business Insider
"Mahindra Aerospace has no plans to enter commercial aviation. It is restricted to the manufacture of utility aircraft and aerostructures," Anand Mahindra said on Twitter.
Business daily Mint, citing unnamed sources, reported earlier on Thursday that Mahindra was considering starting a new airline through a joint venture.
Read news in full 23/07/15 Reuters/Business Insider
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