Business Standard

Air India under Tata Group will be real challenge: Indigo CEO

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A revamped Air India under the Tata Group will be a real challenge while new airline Akasa Air will be a far less competitiv­e force for the next twothree years, Indigo CEO Ronojoy Dutta said on Wednesday. Akasa Air, which is backed by former Indigo president Aditya Ghosh, ace investor Rakesh Jhunjhunwa­la and former Jet Airways CEO Vinay Dube, got the no-objection certificat­e (NOC) from the Ministry of Civil Aviation on Monday."akasa is a far less competitiv­e force for now or for the next two-three years. They will have to grow and grow slowly, get the slots, get the planes. They are not going to come out of the box, raring to go. There will be a slow build.on October 8, the government announced that Talace Private Limited, a wholly-owned subsidiary of Tata Sons, has beaten a consortium led by Spicejet promoter Ajay Singh by offering ~18,000 crore to win the bid to acquire debtladen Air India.

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