Tatas may be looking to pilot Air India again

Tatas may be looking to pilot Air India again
Photo of an Air India Airbus getting Water Canon Salute as it lands in Delhi. Image Source: IANS
Written By: ZeeBiz WebTeam
Updated: Wed, Jun 21, 2017
05:07 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Air India commences Delhi-Shanghai cargo flight operations Air India commences Delhi-Shanghai cargo flight operations
NRIs can own up to 100 pct stake in Air India; DPIIT notifies decision NRIs can own up to 100 pct stake in Air India; DPIIT notifies decision
Air India may cut salaries by 5 pc, amid coronavirus concerns Air India may cut salaries by 5 pc, amid coronavirus concerns

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.

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.