TATA-SIA likely to participate in bid for Air India

Tata Group and Singapore Airlines, joint venture partners in Vistara Airline, are likely to bid for the cash-strapped Air India. Speaking in Delhi last Friday, Vistara’s chief executive officer Leslie Thng hinted considering the bid proposal though he did not specify whether the partners in Vistara Airlines will opt to bid jointly.

“The two promoters are open to evaluate bids for Air India. They keep an open mind,” Thng told a news conference in New Delhi. Late last year, Tata Group chairman N Chandrasekaran had clearly said that India’s leading business conglomerate will be interested in bidding for the national carrier.

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