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November 24, 2020

Chief of Tata Group said, Will consider to buy Air India

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  • Tata group chairman says he has not ruled out buying Air India
  • He said that he will talk to the team about this and ask to consider
  • Chandrasekaran said that Tata does not want to run a third airline but would consider a merger
  • Explain that two airlines of Tata have incurred a loss of 1500 crores in the year 2019.

Tata Group chairman N Chandrasekaran has said that he has not refused to bid for Air India. He said, “I will ask the team to think about it.” He said this during the release of his book Bridget Nation. He said that this decision will actually be done by Vistara and not in the name of Tata Sons.

Tata Chief considering to buy Air India

Chandrasekaran said, “I am not going to operate any third airline other than Vistara and Air Asia until it is merged.” There are problems with this. I am never going to say yes or no. I do not know about this. ‘ Explain that the government has decided to sell Air India completely. The government had earlier planned 24 percent disinvestment.

If no customers were found, its limit was increased to 74 percent. Tata did not show interest in it as he was considering the jet at the time.

Chandrasekaran said, ‘We have to find a solution for our aviation business. I want to increase it but in 2025 there is a possibility of loss. The acquisition of Air India could give the Tata group a chance to grow in the airline business.

The group has two joint ventures. One with Singapore Airlines and the other with AirAsia. Together, the two incurred a loss of Rs 1500 crore in 2019.

Experts say that Ratan Tata, the head of Tata Trusts, could make up his mind to buy Tata Air India. Vistara may also get an extension through Air India. So far, Vistara’s flight only goes to four international destinations. Its share in domestic flights is still 6 percent.

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