Tatas To Partner Singapore Airlines In Bid For Air-India
The Tatas Thursday announced that the group will partner Singapore Airlines (SIA) in its bid to acquire a 40 per cent stake in Air-India.
Tata Sons and its Indian affiliates will lead the consortium, with Singapore Airlines as their foreign joint venture partner, the group said.
The last date for submitting bids is November 10. Tata group chairman Ratan Tata had earlier gone on record to say that the group had an emotional attachment to Air-India, as the national carrier was founded by the late J R D Tata, former group chairman and Ratan Tata