The Tata Group on Thursday confirmed that the government has made an offer to its chairman, Ratan N. Tata, to head an international advisory panel for revival of Air India.
The ailing state-owned airline is desperately seeking a bailout from the government. But the latter has made help conditional and is planning to restructure and reform of the airline.
The government plans to set up a panel of international experts to guide that exercise.
“There have been reports in the media about Ratan N. Tata having accepted the offer to head the New International Advisory Board of Air India,” a Tata group statement said.
“We wish to clarify that these reports are all speculative as Tata has not yet taken any decision on the offer made to him,” it said.