Tata Sons Chairman says it is "too early" to take a call on Air India

On context of privatization of Air India in which government has decided to sell its 100% stake, Chairman of Tata Sons, N Chandrasekaran said that it is "too early" to take a call on Air India.

 

This statement came while there are reports that Tatas appear to be moving closer to a decision to bid for Air India in partnership with Singapore Airlines.

 

The Tata group has already started working on the structure for such buyout, including a merger of AirAsia India, in which they hold 51% in Air India Express, a 100% subsidiary of the government-owned national carrier.

 

The Central government last month issued a preliminary information memorandum (PIM), initiating the process to divest its entire stake in the national air carrier.