- Thursday, February 27, 2025
By: Shubham Ghosh
INDIA’S national carrier Air India is set to be officially handed over to Tata Group on Thursday (27). Tata Sons chairman N Chandrasekaran is in national capital Delhi to witness the formal transfer, Asian News International cited sources as saying.
“Officially Air India hands over to Tata Group today in the afternoon. Tata Group Chairman N Chandrasekaran will be in the ministries for the official handover process,” a senior government official said.
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A formal announcement on behalf of the Indian conglomerate regarding the official handover process was due be made the same day.
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Air India operates around 101 destinations including 57 domestic operations including 33 countries on four continents around the world, according to data available in 2020.
Aviation experts said Air India is carrying a substantial number of latest aircraft in its fleet from both Airbus and Boeing which is the carrier’s strength.
Air India code-shares with Star Alliance and operates a total of 172 wide and narrow body aircraft with Air India Express globally, including domestic operations.
Recently Vinod Hejmadi, director — finance, Air India, said in an email to employees, “Air India disinvestment has been decided to take place on January 27, 2022. Closing balance sheet on Jan 20 is to be provided today, January 24 so that it can be reviewed by Tata and any changes can be made on Wednesday.”
Tata Sons won the bid for acquiring Air India for Rs 18,000 crore (£1.7 billion) last October.
(With ANI inputs)
