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aviation | IST

Have to see if adding another airline in business makes sense, says N Chandrasekaran

N Chandrasekaran, chairman of Tata Sons, on the Air India bid said "We have to see if adding another airline in our business makes sense."
The statement comes after media reports claimed that India's steel-to-autos conglomerate Tata Group, widely seen as a potential suitor for Air India, was unlikely to consider a bid for the state-run carrier as the government's terms are just too onerous.
The disinvestment process or the privatisation of the government-owned airline has witnessed several twists and turns with IndiGo, Jet Airways and SpiceJet declaring that they would not bid for the airline. Not just the domestic carriers, even the international carriers seemed uninterested in acquiring 'Maharaja'. Gulf carrier Emirates Airlines also came forward saying that it had no plans to acquire any airline.
However, Singapore and Lufthansa gave an open ended response with regard to the speculations that the two airlines were interested in Air India stake sale.  "We will keep our options open with respect to the proposed divestment of Air India," said Singapore Airlines in response to CNBC TV18's query.
"India is a strategic market for Lufthansa Group and we are committed to increase our offerings by introducing our latest and most innovative products and services and by providing unrivalled connectivity," said Lufthansa.