Tata Group to buy Air India? Will India’s national carrier fly back to its home base?

Tata Group to buy Air India? Will India’s national carrier fly back to its home base?

Current Affairs

Tata Group is considering buying a controlling stake in state-run aviation Air India from government in partnership with Singapore Airlines,May be homecoming for Air India,whose original owner was Tata Group itself before airline was nationalised,in 1953. State-run carrier Air India is beleaguered. Tata Group chairman held informal talks with government, expressing preliminary interest in buying a controlling stake in Air India with 51% equity holding.