National carrier Maharaja could be set for homecoming as Vistara, which is owned by Air India-founder Tata Group, is evaluating bidding for the cash-strapped airline. \u201cWe are evaluating Air India. Which company would not be interested in evaluating a sovereign airline of the country?\u201d Bhaskar Bhat, chairman, Vistara, said, PTI reported. However, the company also said that it is not confirmed yet if it will participate in the bidding. \u201cWhether we bid or not comes later,\u201d he added. The airline was founded by JRD Tata in 1932 but was later nationalised. However, the government now looks to disinvest 100% of its stake in the airline as the carrier has been bleeding money. <\/p>\n
Upon being asked if Vistara is evaluating bidding or Tata Sons, Bhaskar Bhat said: \u201cWe (Vistara) are a joint venture.\u201d Earlier, N Chandrasekaran, Chairman, Tata Sons, had said that it is \u201ctoo early\u201d for the company to take a call on Air India. \u201cIt is too early\u2026\u201d N Chandrasekaran had told the news agency upon being asked if Tata Group would be bidding for the airline. Tata Group\u2019s interest in the airline has been in news for sometime now and it was earlier reported that the group could be moving closer to a decision to bid for Air India in partnership with Singapore Airlines. Singapore Airlines is also a partner in full-service airline Vistara. <\/p>\n","protected":false},"excerpt":{"rendered":"
National carrier Maharaja could be set for homecoming as Vistara, which is owned by Air India-founder Tata Group, is evaluating bidding for the cash-strapped airline. \u201cWe are evaluating Air India. Which company would not be interested in evaluating a sovereign airline of the country?\u201d Bhaskar Bhat, chairman, Vistara, said, PTI reported. However, the company also said that it is not confirmed yet if it will participate in the bidding. \u201cWhether we bid or not comes later,\u201d he added. The airline was founded by JRD Tata in 1932 but was later nationalised. However, the government now looks to disinvest 100% of […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-340189","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=340189"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340189\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=340189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=340189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=340189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}