Tata Sons Prepare To Buy Air India

Tata Sons has started the process of due diligence of government-owned Air India and its subsidiary, Air India Express. Air India is nearly Rs. 40,000 crores in debt, and has been looking for divestment opportunities since 2017 – when it owed creditors upwards of Rs. 50,000 crores. Expressions of interest were invited in 2019, and – after a…