Air India Handover To Tata Group Likely To Be Delayed By A Month Till January 2022
Tata Group's takeover of loss-making national carrier Air India is likely to be delayed by a month till January 2022
Stay updated with breaking news from Aisats. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Tata Group's takeover of loss-making national carrier Air India is likely to be delayed by a month till January 2022
The Tata Group plans to create a new business vertical to onboard all its holdings in the airline industry, including Air India post the share purchase agreement.
Air India sold: Maharaja to return to House of Tatas
The union also criticized the airline's management for its decision to retract the ‘full board’ facility, which is providing all three meals to the pilots while on domestic or international layovers
NEW DELHI: The government has initiated the process for inviting financial bids for the sale of national carrier Air India and the deal is likely to conclude by September, sources said. Salt-to-software conglomerate Tata Group was among the "multiple" entities that had put in preliminary bids for buying loss-making Air India in December last year. The sources said that after analysing the preliminary bids, eligible bidders were given access to the Virtual Data Room (VDR) of Air India, following which investors' queries were answered. The transaction has now moved to the financial bids stag...