Tatas back in race for stake in Air India: Sources
Tata Sons is expected to send in their express of interest (EoI) for national carrier Air India on Monday, industry insiders said.
According to highly placed sources, Tata Sons which owns the industrial conglomerate Tata Group will send in a direct EoI to buy out the government’s stake in the airline.
“Tata Sons will be submitting the EoI,” highly placed sources told IANS.
However, when contacted an official spokesperson of the Group declined to comment.
Speculations have been rife over several months regarding Tata’s interest in their erstwhile airline.
Notably, it was Tata’s who started Air India prior to the nationalisation of the airline in the 1960s.
