Potential Air India-Tata deal raises hopes of consolidation in aviation
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Tatas’ seemingly complex structures with existing partners may make the AI takeover challenging
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The Air India Ltd sale is finally showing signs of taking off. Multiple expressions of interest have been received for the strategic disinvestment of the airline, the government said on Monday. While the identity of all bidders hasn’t been revealed, news reports suggest the Tata group and a consortium involving Air India employees are among the suitors.
With the Tata group already having established its presence in the aviation sector, there are some hopes of consolidation in the industry if it is successful with its bid. Varun Ginodia, an analyst with Ambit Capital Pvt. Ltd, said, “The likely acquisition of Air India by the Tata group is positive in the long run as it paves way for consolidation.