They had said in May that they intend to launch a regional airline. The Hubballi, Karnataka-headquartered promoters of VRL Logistics on 23rd May, had announced that they intend to launch a regional airline in their personal capacity. They had also indicated that they might dilute up to 10% of their 69% stake in VRL Logistics in order to fund the new venture.

VRL Logistics not going ahead with airline plan

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