Tata to Likely Emerge Victorious for Air India, Ex-Director Says
- Recommendation on winning bidder expected very shortly
- Group can inject large sums needed to revive airline: Bhargava
An Air India Ltd. aircraft prepares to land at Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, on Sept. 28.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Tata Group will likely get the government’s nod to take control of money-losing Air India Ltd. considering the nation’s largest conglomerate is capable of pouring large sums into the flag carrier and revamping it.
That’s according to former Air India director Jitender Bhargava, who said in a Bloomberg TV interview Wednesday that Tata Group has the funds and wherewithal to revive it.