India based Tata sons is currently discussing a proposed bid for Air India with Singapore Airlines.
The Economic Times reports that Tata Sons is made a decision to bid for Air India. Even though Singapore airlines is yet to give its consent to the proposal, Tata Sons may go ahead regardless.
Air India has been struggling with finances for a long time now. With a strong backing of Singapore Airlines and Tata Sons, the airline could head in the right direction.
“Our group chairman has clearly stated that the airline businesses have to be consolidated and there cannot be multiple airlines. So Air India being a full-service carrier, it is only sensible that it will come under the Vistara business which is a full-service carrier too,”, the director aware of the situation told The Economic Times.
“So we are hopeful that our partner will be willing to participate in the future plans that includes Air India.”, he added.
A bid by Vistara would require consent from SIA(Singapore International Airlines) and Temasek which owns 55% of SIA.
It will be great to see Air India coming back to the group who started it.
What do you think of Tata Sons and SIA’s plans to jointly bid for Air India? Let me know in the comments section below.