Government of India might handover 'Air India' to Tata Group on 27 Jan, A day after Republic Day. Tata Group won the Bid of Air India 3 month back before.
The remaining formalities regarding this deal are expected to be completed in next few days.
Tata group emerged as the successful bidder of the Divestment process of the national carrier Air India. Talace Private Limited - Subsidiary of the tata group's had won the bid of Air India after competitive bidding process. The salt-to-software conglomerate placed a winning bid of 18,000 crore re-acquire the airline more than half a century after it ceded control to the government.
Tata sons beat SpiceJet promoter to bag Air India.
This marks the return of Air India to the Tatas. "Welcome Back Air India," said Ratan Tata, Tata Sons' chairman emeritus on Twitter after the announcement.
Welcome back, Air India
— Ratan N. Tata (@RNTata2000) October 8, 2021
Jehangir Ratanji Dadabhoy (JRD) Tata founded the airline in 1932. It was called Tata Airlines then. In 1946, the aviation division of Tata Sons was listed as Air India and in 1948, Air India International was launched with flights to Europe.
Tata Group was among the multiple entities that had put in an initial expression of interest (EoI) in December 2020 for buying the Maharaja.
The airline will give Tata control of 4,400 domestic and 1,800 international landing and parking slots at domestic airports, as well as 900 slots at airports overseas.
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