Tata Sons are set to file the Expression of Interest (EoI) for a strategic disinvestment process of Air India on Monday, sources told CNBC-TV18. The development comes as the deadline for filing the EoI ends today.
Sources said that at this point of time the Tatas are exploring various options on how to carry out this transaction as the group has already run two airlines in India – one, a joint venture with Singapore Airline which is a full service carrier, and the other being the joint venture with Air Asia.
“We have already seen Tony Fernandes coming out on record and saying that the relationship is under review and all options have been considered. We are also given to understand that perhaps the Tata could look at buying Tony Fernandes from Air Asia joint venture and this might be used as vehicle to board Air India because there is a non-compete clause for a full service carrier operation with the Tata-Singapore Airline joint venture,” CNBC-TV18 reported.
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