Tatas may be looking to pilot Air India again
It seems that the Tata Group may be piloting Air India once again.
Sameer Dixit reports that Singapore Airlines and Tata Group have approached the aviation ministry with their proposal to buy Air India from the government.
However, sources said that the Tata Group has raised some concerns regarding the Rs 55,000 crore debt of Air India.
In November, 2000, a Tata Sons press release said, "Singapore Airlines is a global player with impeccable credentials ... Its airline operating competency will be a significant asset to the consortium and will be critical in ensuring the success of Air India in the international market place."
The aviation ministry has also expressed concerns over privatisation proposals stating the plan for revival of Air India would be taken up by the cabinet only after various issues, including the concerns raised by the parent ministry, are resolved.