Tata Sons and a group led by SpiceJet chairman Ajay Singh placed financial bids for Air India
Tata Sons made the offer via its 100% arm Talace Private Ltd
Singh relied on his personal capacity along with some investment funds
Soon, the govt will set a floor price for the airline’s sale
The one who quotes the highest bid over the floor price will claim the airline
The winner will get Air India Express and a 50% stake in AISATS
The remaining 50% in AISATS is owned by Singapore’s SATS
SATS is a partner in Tata Sons’ air catering venture
Tata had promoted Air India in 1932 but sold interests to the govt in 1953
