Almost 64 years after Air India was taken over by the Central government from Tata Sons, and nationalised, the life may come full circle for the Mumbai-based conglomerate.
In an interview to CNBC-TV18, Tata Sons’ chairman Natarajan Chandrasekaran has confirmed that the group is considering buying the airlines.
He said that the group is thinking to expand its aviation business and he would definitely consider buying the Air India, looking after relevant aspects.
“We still don’t have all the details. Every business proposal will be very seriously looked at and we will look at that (Air India). Definitely! But currently, we don’t have the data… there are so many different groups within Air India and then there is real estate, there is debt, there are liabilities and we got to look at all of that it, but we will definitely look at it.” Natarajan Chandrasekaran said.
“We need to look at aviation as a whole. We are subscale. Any decision that we take—Air India or otherwise—we have to have a story because we can’t be operating with 15 aircraft or 20 aircraft. I feel scale is important….” he further added.
Earlier, Tata Sons were reportedly in talks with the government over Air India sale.
The group’s Chairman N Chandrasekaran is reported to be in talks with the Central government to buy controlling stakes in the airline, reports a business news channel. The group may also bring Singapore Airlines on board to buy 49% stakes in the national carrier, in case the airline is entirely privatised.