Govt claims reports of Tata Sons winning Air India bid ‘incorrect’

The finance ministry on Friday clarified that reports suggesting that Tata Sons has won the bid for Air India were not correct after it was reported that a panel of ministers accepted a proposal from officials which recommended Tata Sons, ahead of SpiceJet Limited promoter Ajay Singh’s bid. “Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect,” the ministry said in a tweet. “Media will be informed of the Government decision as and when it is taken,” it said.

Bloomberg News earlier reported that Tata Sons have won the deb-laden national carrier and with this Air India will be again flying under the Tata Group after a gap of 68 years.