HOME       Contact Us      Hire Us       Domestic Airlines        Railway Enquiry     Railway Booking     Hotels Abroad
NEIGHBOURS CALLING:      Dubai      Malaysia     Nepal     Bhutan
indiatraveltimes.com
CORONAVIRUS CASUALTIES (Feb 28):- GLOBAL:- Total Cases: 11,44,64,297; Total Deaths: 25,39,067 Recovered: 9,00,08,036 BELGIUM:- Total Cases: 7,69,414; Total Deaths: 22,052 BRAZIL:- Total Cases: 1,05,17,232; Total deaths: 2,54,263 CANADA:- Total Cases: 8,64,196; Total Deaths: 21,960 CHINA:- Total Cases: 89,893 ; Total Deaths: 4,636 FRANCE:- Total Cases: 37,36,016; Total Deaths: 86,332 GERMANY:- Total Cases: 24,44,177 Total Deaths: 70,589 INDIA:- Total Cases: 1,10,96,731; Total Deaths: 1,57,087 INDONESIA:- Total Cases: 13,34,634; Total Deaths: 36,166 IRAN:- Total Cases: 16,31,169; Total Deaths: 60,073 ITALY:- Total Cases: 29,07,825; Total Deaths: 97,507 JAPAN:- Total Cases: 4,30,539; Total Deaths: 7,807 MEXICO:-Total Cases: 20,84,128; Total Deaths: 1,85,257 NETHERLANDS:- Total Cases: 10,84,021; Total Deaths: 15,543 PHILIPPINES:- Total Cases: 5,76,352; Total Deaths: 12,318 RUSSIA:- Total Cases: 42,46,079; Total Deaths: 86,122 S KOREA:- Total Cases: 89,676; Total Deaths: 1,603 SPAIN:-Total Cases: 31,88,553; Total Deaths: 69,142 SWEDEN:- Total Cases: 6,57,309 Total Deaths: 12,826 SWITZERLAND:-Total Cases: 5,54,932; Total Deaths: 9,966 UAE:- Total Cases: 3,91,524; Total Deaths: 1,221 UK:- Total Cases: 41,70,519; Total Deaths: 1,22,705; US:- Total Cases: 2,92,02,824; Total Deaths: 5,24,669 - India Travel Times.Com   [Estd: 1998]       * * *    Travel, More Travel, Travel Means A Million Things     * * *    
Tatas come close to bidding for Air India: SIA waives non-compete clause?
The SIA has reportedly waived the non-compete clause allowing Tata Sons, its partner in Vistara airline, to bid for Air India, ET reported. SIA has reportedly expressed its unwillingness to join the Tatas in the bid due to coronavirus slump.

NEW DELHI, Jan 30: Singapore Airlines (SIA) has reportedly decided not to join Tata Sons, its partner in Tata SIA Airlines Ltd operating Vistara airline, to bid for India's Government-owned, debt-ridden luxury airline Air India as it is unable to pump money into such a liability especially at a time when the pandemic has crippled the aviation sector, an ET report said.

However, Singapore Airlines is reportedly waiving off a non- compete clause in its joint venture with the Tatas in the Tata SIA Airlines Ltd facilitating Tata Sons to bid for the white elephant being run for the sake of its luxury class employees at the expense of the rest of India like other PSUs.

Now Tatas could opt for solo bid or jointly with AirAsia India as the non-compete clause was a stumbling block for the salt-to- software conglomerate. The Tatas has been increasing its stake in Air Asia and has substantial holdings currently.

The Government will be shortlisting potential bidders in the next few days. The Air India divestment proposal has received expressions of interest from three parties, it is reported.

“Singapore Airlines does not comment on investment opportunities, including in India,” ET quoted a spokesperson.

In view of the slump due to the pandemic, SIA would not be ready to take the risk of funding a debt-ridden Air India. Tata Sons has 51% of Vistara (Tata SIA Airlines Ltd) share and SIA holds 49%.

Previous Files
ARCHIVES



Neighbours
Calling

Bhutan
Nepal
Malaysia
Dubai

Dalai Lama discharged from hospital in New Delhi
Fashion & Lifestyle
Yoga & Asanas
Fairs, Festivals & Melas
Religion & Cult
Pilgrimage
Art & Culture
History, Legends & Mythology
Ayurveda
Free Ayurveda Consultation
ARCHIVES
A Window On India
Fashion & Lifestyle
Yoga & Asanas
Fairs, Festivals & Melas
Religion & Cult
Pilgrimage
Art & Culture
History, Legends & Mythology
Ayurveda
News (Archives)
Travel News
Travel News Archives
Travel News Index

Custom Search