Tata mulls AirAsia India, Air India Express merger - report.


Tata Sons may partner Singapore Airlines (SQ, Singapore Changi) in bidding for Air India (AI, Mumbai Int'l), amid hopes it will merge its AirAsia India (I5, Chennai) subsidiary with the flag carrier's low-cost unit Air India Express (IX, Mumbai Int'l), local media reported on February 4. The Indian conglomerate already operates Vistara (UK, Delhi Int'l) as a 51/49 venture with Singapore Airlines. A combination of Air India and Vistara would give Tata Sons a monopoly in the country's full-service market. The two partners have started working on a possible structure for such an acquisition, according to the reports.

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