Amid the aviation industry’s worst crisis, Indian conglomerate Adani Enterprises Ltd. is finding one opportunity after another to expand its foray into the aviation industry. As widely reported recently, the Adani Group is looking to acquire a controlling 74% stake in the International Airport of India’s economic hub Mumbai. While the Indian aviation sector might be comatose amid the pandemic restrictions, the country is still the fastest-growing aviation market globally.
With the future of the country’s national carrier already under threat, the recent COVID-19 Novel Coronavirus pandemic has made the situation for Air India even worse. Does this mean that the days for India’s ‘Maharaja of the Skies’ are now numbered?