Call us for Counseling - 9580048004, For Support - 8860807050.  

News in Short

Filter By Date

Filter By Date

Air India handover to Tata group delayed

Date: 28 December 2021 Tags: Services
  • Tata Group’s takeover of loss-making national carrier Air India is most likely delayed by a month till January as the completion of procedures taking longer than expected.
  • In October, the government accepted the highest bid made by a Tata Sons company for 100 per cent equity shares of Air India and Air India Express along with its 50 per cent stake in ground-handling company AISATS — the first privatisation in 20 years.
  • At that time, the government had stated that it wanted to complete the transactions, which included Tatas paying ? 2,700 crore in cash, by December end.