Saturday, June 24, 2017

Sunil Mittal backs Tatas' likely buyout of Air India

Since the news of the Tata Group evincing interest in buying stake in government airline Air India came, the media has been flooded with various reports examining the Tatas' move and its likely plan to revive the ailing carrier.
On Thursday, Tatas likely acquisition of the carrier received a thumping response from none other than Bharti Airtel chairman Sunil Bharti Mittal.
If Air India is to be privatised, then Tatas will be one of the better candidates to buy stake in the airline, the business leader told media.
Amid the government exploring ways to revive the debt-laden airline, Tata group is believed to be interested in purchasing stake in the national carrier.
"Tatas, if it (Air India) has to be privatised, should be one of the better candidates," Mittal said in New Delhi.
His response came when reporters sought his views on reports that Air India might be sold off and that Tatas are interested in buying stake in the airline.
23/06/16 Business Today