Air India Acquisition Might Not Be Easy for Tata Sons Due to AirAsia Non Compete Rule
While Tata Sons might seem like a fit entity who could invest in Air India and participate in the stake sale for the national carrier, there are a few hurdled that the company might face. Tata Sons already owns a majority stake in Vistara. However, the company had signed a Memorandum of Understanding (MoU) with AirAsia Berhad for AirAsia India in partnership with Telestra Tradeplace which had a non-compete clause.... Read More
