Home Posts tagged Tata Sons
Aviation Top Stories
Tata Sons will likely have to make a provision of INR 26 billion (USD 325.69 million) as accumulated losses for low-cost carrier AirAsia India, which it’s seeking to absorb into unit Air India and merge with Air India Express, the Economic Times reported on Wednesday. Earlier this year, Tata Group-owned Air India proposed to buy […]Continue Reading
Aviation Top Stories
Singapore Airlines Ltd. is committing to a strategy of working with international partners and establishing overseas hubs after the pandemic exposed the financial dangers of not having a domestic air travel market, reports Bloomberg. The airline is open to opportunities and will evaluate potential synergies, CEO Goh Choon Phong said in an interview with Bloomberg […]Continue Reading
Aviation Top Stories
Tata Sons has won the final bid for acquiring national carrier Air India, according to government sources. The salt-to-software conglomerate had submitted the final bid for the airline on September 15 and emerged as the frontrunner to acquire the airline. While SpiceJet promoter Ajay Singh had also submitted a bid for the airline, government sources […]Continue Reading
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