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Gangwal, in keeping with his February 2022 announcement of a near-complete exit from the airline in five years, has been paring his stake at regular intervals.

Nearly four years after the unsavoury incident that created a national furore, the alleged offender’s life has come undone. He has been defeated by a system that does not deem him worthy of transparency or a chance at finding closure.
The Adani group plans to spend Rs 1 lakh crore over the next five years to develop its airport business. While everything—including the funding—is sorted, a prolonged war could disturb the math.
The most profitable airline carriers are having to contend with the new realities of flying in the face of missiles and drones.