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Tata ready pay more for national carrier

Tata Sons Pvt. Ltd. quotes higher price to acquire Air India Ltd
Tata outsmarted SpiceJet promoter Ajay Singh in preliminary bidding round
Government will privatise Air India by the end of current fiscal year
Tata Sons has a strong presence in the Air India share sale process
Candidates’ experience, fleet size, and assets will impact final decision
Covid-19 is delaying physical inspection of credentials of contenders
This may delay airline’s privatisation efforts for months
So far, Tata Group and SpiceJet chief Ajay Singh are shortlisted to bid for carrier
Air India has debts running to over $10 billion
Tata Sons may ask government to take care of debts worth $5 billion

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