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- Air India Limited was privatized through its sale to the Tata Group.
en.wikipedia.org/wiki/Air_India_Limited
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Jan 25, 2022 · Tata group reclaimed Air India from the government for Rs 18,000 crore on October 8, 2021 after a competitive bidding process. After that, a letter of intent (LoI) was issued to the Tata Group on October 11, confirming the government’s willingness to sell its 100 per cent stake in the airline.
- India Today Web Desk
- Business
NEW DELHI: The government on Thursday handed over Air India (AI) to the Tata Group, marking the end of the process for the transfer of the debt-laden national carrier.
Oct 8, 2021 · On Friday, the government announced its decision to sell all its stake in Air India (AI) as well as AI’s stake in two other businesses — Air India Express Ltd (AIXL) and Air India SATS Airport Services Pvt Ltd (AISATS).
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May 9, 2024 · After decades of decline, Air India is betting billions on a comeback. CEO Campbell Wilson says journey to restoring Air India’s reputation is ‘well under way’.
Oct 8, 2021 · The airline's accumulated losses as of March end 2021 was Rs 70,820 crore. After the deal, the government will take on Rs 46,262 crore worth of debt and Rs 14,718 worth of assets which includes real estate. All of it will be transferred to a special purpose vehicle called Air India Asset Holdings Ltd.
Jan 27, 2022 · India's national carrier, Air India, has been officially handed over to the Tata Group, which bought the debt-ridden airline in October last year.
Oct 8, 2021 · India's loss making national carrier Air India has been sold to the Tata group, the country's largest conglomerate. The government has sold the airline to the company, which was the highest...
