Thursday, December 17, 2020

Tata-Air India: Too much to chew

To have an over $100-billion Indian conglomerate like the Tata group, that has a vast consumer connect (from jewellery to salt), play a bigger role in India’s aviation industry would certainly augur well for the sector, which has been plagued by loss-making airlines. Reason: Tata group has deep pockets and, quite rightly, stands for long-term commitment. The shortlisted bidders, though, are expected to be announced in the first week of the new year. However, the Tata group is being pegged as the front-runner to acquire AI. And if it does, there are now hushed voices within the industry that suggest that the Tata group may be biting off more than it can chew. 

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