Here's what most people miss about Adani's aviation play: it's a masterclass in value chain capture

Here's what most people miss about Adani's aviation play: it's a masterclass in value chain capture. By owning airports, MRO, ground handling, cargo, and fuel, they control the profit pools and create massive barriers to entry.

Airlines become dependent. This isn't about flying planes; it's about owning the sky's infrastructure. A crucial lesson for any capital-intensive sector.

https://the-ken.com/story/adanis-big-plan-to-own-indian-aviation-invest-in-everything-but-an-airline/