As Jet Airways undergoes bankrupcty resolution, the Tata Group is looking to bid for the airline's aircraft and bilateral rights to scale up and tap the gap created by the exit of the Naresh-Goyal led airline.
The Tata Group has two joint ventures in the aviation space. One is with budget airline AirAsia and the other is its stake in full-service carrier Vistara, a joint venture with Singapore Airlines. Both Vistara and AirAsia India, along with their partners, are quietly putting together an aggressive plan to become a formidable force in the skies. AirAsia India plans to double their fleet