Aviation

Tata Group May Take Air India’s Control by Jan 1 if it is Sole Eligible Bidder

The buzz in aviation circles is getting louder that the Tata group could be in the Air India’s cockpit as early as the New Year, if it is the sole eligible bidder for India’s national carrier. If the Tata bid is put in on or before the final submission date of August 31 and as it looks at the moment, Tata will likely be the sole eligible bidder.

Thereafter, if the Tata bid is deemed accepted, the 90 day period for handover shall commence and end by November 30 or at the most, by December 31. So, one possible scenario is for Tata to take control of Air India by January 1, 2021.

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