India warns Air Pegasus of impending licence suspension – ch-aviation

Vijay Sankeshwar, the chairman of Indian firm, VRL Logistics, has denied reports in the country’s press linking the company to a proposed new regional airline. The announcement this week sent VRL’s shares down almost 20% necessitating the chairman’s rebuttal.

In a filing to the Mumbai Stock Exchange, Sankeshwar said that while VRL was not involved in the project, he was and only in his personal capacity.

“I wish to clarify that the proposed entry into the airline business is a personal …


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