The Tata group will have to refinance Air India’s loans, upgrade aircraft, and rewrite multiple business contracts. The coal ministry says there is enough stock to meet the demand of power plants.
Tata group may need to invest $1 billion to upgrade Air India fleet
Tata group may need to invest $1 billion to upgrade Air India fleet
The Tata group may have to deploy upwards of $1 billion to improve the airline’s passenger reservation system, upgrade and refurbish Air India’s fleet, primarily the wide-body aircraft which are the mainstay for the airline’s international operations, people in the know said. Read more
After Air India buy, Tata group companies can