Tata Group eyeing up Air India and Indian Airlines stakes

Tata Group is hoping to get a slice of the action in the planned privatization of Air India and Indian Airlines, bringing the two back under the Tata family''s control after a 47-year break.

Tata Group is considering bidding for stakes in Air India and Indian Airlines in the forthcoming privatization of the state-owned airlines. Personally, I am interested in both the state-owned airlines because of my interest in aviation. But eventually, it will have to be a group-level decision after scrutinizing all available information on them, says Ratan Tata, chairman of Tata Group, in a Business Standard report.

The Indian government has said it is prepared to sell up to 60% of Air India, with a maximum 40% earmarked for a strategic partner, subject to a 26% ceiling for foreign buyers, and 51% of Indian Airlines, which is reserved for Indians only. The sales are expected to...

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