Tatas likely to take call on cash-strapped Air India bid this week
Tata Sons and Singapore Airlines are actively weighing the option to bid for Air India and a decision to submit an expression of interest (EoI) could be taken soon.
Sources aware of the development said the board of Tata Sons, the holding company of the group, would meet later this week and possibly take up the Air India matter for approval.
Singapore government’s sovereign fund Temasek is also likely to be a part of the consortium being planned for the Air India bid, one of the sources said.
When asked about Tata group’s interest in Air India, Bhaskar Bhat, chairman of Vistara and a director in Tata Sons board, said the group was evaluating options.
