Deloitte begins due diligence on Vistara’s proposed Air India bid

MUMBAI: Deloitte has begun due diligence on the proposed bid for Air India by the Tata Group’s airline company Vistara, a group official told ET. Bids for the debt-laden national carrier are scheduled to close on March 17, with a section of the industry believing that New Delhi would extend the deadline.

“Air India and Vistara are a good fit. Vistara may be a small airline in size, but you have to look at the considerable might and capabilities of its parents – the Tata Group and Singapore Airlines,” said a consultant who is helping the government on the proposed transaction.