Singapore Airlines, Tata Sons mull joint bid for Air India

Tata Sons is negotiating with its Vistara (UK, Delhi Int'l) joint-venture partner Singapore Airlines (SQ, Singapore Changi) about bidding together for heavily indebted Air India (AI, Mumbai Int'l), sources have told the Economic Times. According to the plan, the bid would be made through full-service carrier Vistara. But even if the Singaporean carrier backs out, the Indian conglomerate is likely to pursue a bid on its own and then consolidate its airline businesses including Vistara under a single entity, the sources said....
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