Vistara may explore opportunities to bid for Air India

Mumbai | New Delhi: Vistara, the airline majority-owned by the Tata Group, may explore opportunities to bid for Air India, executives close to the matter said, even as industry insiders said they expect the national carrier to finally find a buyer with the government offering to sell 100% stake.

On the face of it, the 100% divestment offer “does not seem worth rejecting” and therefore makes it as attractive to Tatas as to other industry players, said an executive. “There is the emotional goodwill part to it too, considering that it was part of the Tatas initially (before the government nationalised Air India). It is too early though to make any blanket statement,” said the executive. “We have just received the documents and there is a lot of matters that need detailed consideration in terms of its financial status.”