Tata Group to file an Expression of Interest for Air India today. Tata group will use Air Asia as a vehicle where Tata Sons has a significant majority stake, said Sources.Tata group will use Air Asia as a vehicle where Tata Sons has a significant majority stake, sources informed
The Tata Group is believed to have used its budget airline joint venture in India with Malaysia’s AirAsia Group, Air Asia India, to submit the EoI, according to a report in ToI. Several news reports said that Tata Sons was considering to slowly raise its stake in AirAsia India to more than 76 per cent by the end of 2020-21.
Further, a group of 200 Air India staff is likely to file EoI, and the group claims to have a financial investor onboard, the publication mentioned. Budget airline SpiceJet’s Chairman and Managing Director Ajay Singh also is eyeing the embattled national carrier but the domestic carrier was reticent to comment.