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'Won't get into airline business'

Press Trust Of India/Mumbai 10 Dec 12 | 12:30 AM

Once pioneers in civil aviation, the Tata Group is unlikely to get into the sector because of "destructive competition", Ratan Tata indicated today.

Recalling the group's proposal for a tie-up with Singapore International Airlines for a domestic carrier in India in the mid-1990s, the Tata patriarch pointed out, "It is a different sector today than it was at that time.

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"It is somewhat like telecom. It is proliferated by many operators some of them in financial trouble. I would hesitate to go into the sector today in the sense that the chances are that you would have a great deal of competition, which would be unhealthy competition."

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