Tata Sons and Singapore Airlines Might Bid for the Debt Laden Air India
Tata Sons, a holding company of the Tata group, might bid for the national carrier, Air India. The debt-laden airline’s bidding had to be postponed by the government of India four times earlier this year because of the global pandemic. But now, Tata Sons, the majority stake owner of Vistara along with Singapore Airlines (SIA) is all set to make the bid for Air India. But there’s just one problem. For Tata Sons to make this bid, it would have to go against a no-compete clause it has with SIA. More details on the story ahead.
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