WebJan 27, 2024 · The four Boeing 747 jumbo jets of AI are also being transferred to the Tatas. But since they are each over 27-year-old and no longer used for VVIP flights, it remains to be seen if the Tatas use them. The Rs 18,000-crore deal will see Tatas giving up Rs 2,700 crore upfront and taking over Rs 15,300 crore debt. WebOct 8, 2024 · The Tata Sons floated special purpose vehicle (SPV) has emerged as the successful bidder for the 100 per cent takeover of the debt-laden state-run airline Air India. The Tatas’ winning bid was...
Tata Sons acquires Air India for Rs.18,000 crore - Frontline
WebDec 20, 2024 · Along with Air India, Tatas will acquire low-cost carrier Air India Express and Air India's 50% stake in equal joint venture AISATS. Besides, non-core assets of … WebOct 8, 2024 · The Tata Group – which owns stakes in Vistara airlines and Air Asia has been eyeing to bring Air India back into Tata's folds for a long time. Air India, which was … heather nohelty obituary
Tata Group to acquire 100% stake in Air India
Web13 hours ago · Product Description. On the morning of October 9, 2024, almost all newspapers in India carried the news of the re-privatization of Air India. They celebrated the move by the Government of India to hand back the airline to its original owner, the Tata group. Tata Airlines was founded in 1932 as India's first airline. WebOct 16, 2024 · The government of India has finally found a buyer for Air India, with Tata Group selected to take over the flag carrier as expected. But although Tata has won the bidding contest, it will face many challenges in operating the airline as a viable business. The primary question will be how to move Air India towards profitability. WebOct 8, 2024 · Tata Sons Chairman Emeritus Ratan Tata on Friday tweeted a photograph of the company’s former chairman JRD Tata getting down from an Air India flight, minutes after Tata Sons secured the winning bid for the national carrier for Rs 18,000 crore. In the photo, Tata wrote “The Tata Group winning the bid for Air India is great news! heather noelle davis