Tata group sole contender for Air India

The Tata group is the only bidder in the fray for national carrier Air India with just a month left for the final bidding date. The Tata group, which already has a footprint in the airlines business, has shown interest in acquiring Air India, which at one point of time was under the Tata umbrella. The other bidders will be known in due course as globally airlines are under severe stress due to the COVID-19 pandemic and the resultant disruptions on air travel and tourism. The Tata group is likely to go ahead with the bid while its joint venture airlines, SIA, has declined to join the Air India bid due to COVID-19 woes. The group is currently doing due diligence for the airlines. The last date for bidding is August 31 and the government is not in favour of extending the deadline. From Tata Airlines and Air India to Vistara and AirAsia India, the Tata group has been an important part of the growing aviation sector in India.<br/>