Tata Group ruled out of Chennai airport privatisation bid

admin
By admin December 11, 2013 13:12

Tata Group ruled out of Chennai airport privatisation bid

Due to its investment in a new airline with Singapore Airlines, Tata Realty and Infrastructure (TRIL) will not be able to bid for the project to privatise Chennai airport because the Ministry of Civil Aviation, Government of India requires that no related company holds an equity interest that exceeds five per cent in an airline firm.

TRIL has asked the Ministry for a waiver so that it can participate in the bidding process.

admin
By admin December 11, 2013 13:12
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Ffinance%2Ftata-group-ruled-out-of-chennai-airport-privatisation-bid%2F"> registered </a> users can comment.