Tatas to go solo for Air India EoI, plan to co-opt Singapore Airlines later

If Air India comes into its fold, the combined market share of Tatas in India's domestic aviation market will be around 23 per cent - 10 per cent higher than SpiceJet.

Salt-to-steel conglomerate Tata Sons is likely to submit an expression of interest (EoI) for state-owned carrier Air India, the deadline for which ends on December 14. Singapore Airlines (SIA), with which Tata Sons operates full-service airline Vistara, will not be part of the bid in the initial stages, people aware of the development said.
 
Tata Sons did not comment on the issue. A spokesperson of SIA also refused to comment on future investment opportunities.
 
“The opportunity to acquire Air India is too good to let go if the company wants to have scale and size in the business