Tata Group deciding to buy Air India or not

Executive Chairman of Tata Sons Ltd, Natarajan Chandrasekaran in an interview said that Tata group is considering buying Air India. But he also said that before taking any decision they need more details from the government on the state owned flag carrier Air India Ltd disinvestment process.“We will definitely look at it,” Chandrasekaran said, adding, “We still don t have all the details. Every business proposal will be very seriously looked at and we will look at that (Air India). Definitely. But currently we don t have the data... there are so many different groups within Air India and then there is real estate, there is debt, there is liabilities and we got to look at all of that it but we will definitely look at it.”Chandrasekaran indicated the group was keen on the airline it once started.“We have a team which can definitely spend the time as soon as the details are out,” he said, adding, “We need to look at aviation as a whole. We are subscale. We got two airlines both are subscale. Any decision that we take—Air India or otherwise—we have to have a story because we can t be operating with 15 aircraft or 20 aircraft. I feel scale is important, in every industry in every group we operate in scale is important. Without scale you get to a situation where you are all over the place and it is very, very difficult to pay management attention."