Wednesday, June 21, 2017

Privatisation Of Air India: Tata Group, Singapore Airlines Emerge Possible Buyers

Rumours of the privatisation of national airlines Air India have been at an all-time high, and according to recent reports, Tata Group and Singapore Airlines may be the new buyers, with Tata holding a majority share.

Although Tata Group and Singapore Airlines already run a full-service carrier 'Vistara' they may enter another partnership to buy Air India, with the Tatas buying a 51 percent share, and the remaining being bought by Singapore Airlines.

The news of Tata and Singapore Airlines buying Air India together comes as the latest in a series of possible options to rescue the loss-making carrier.

Air India currently holds only a 14 percent market share in the nation's domestic air traffic, leading to Finance Minister Arun Jaitley stating that "If 86 percent of flying can be handled by the private sector, so it can also handle 100 percent."

Niti Aayog also pitched for the full privatisation of Air India.
21/06/17 News World India