Tata Group will likely get the government’s nod to take control of money-losing Air India Ltd. considering the nation’s largest conglomerate is capable of pouring large sums into the flag carrier and revamping it.
That’s according to former Air India director Jitender Bhargava, who said in a Bloomberg TV interview Wednesday that Tata Group has the funds and wherewithal to revive it.
“Tatas have been very, very passionate about Air India,” Bhargava said. “J.R.D. Tata on record has said that this is his only creation, rest of the Tata companies came to him and he was only managing them. So there was a lot of passion, lot of emotional connection between Tatas and Air India, and that has made them bid for it.”
