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Air India LIVE Updates: Tata Gets Maharaja, Chairman Says Will Make it 'World-Class Airline'

Air India Returns LIVE Updates: Air India is all set to return to Bombay House on Thursday, January 27, after a gap of 69 years.

By: Business Desk

Last Updated: January 27, 2022, 10:09 IST

The Tata Group had acquired Air India for Rs 18,000 crore

After 69 years, Air India returned to Tata fold. Marking a beginning of Narendra-Modi government’s successful privatisation plan, the Maharaja went back to its founders, Tata Group. The transaction for the puchase of India’s oldest airline was completed on Thursday, January 27, announce the Tata Group. With effective from January 27, the conglomerate took over the management and control of Air India. “We are very happy to Read More

Jan 27, 2022 16:34 IST

Air India Back to Tata Fold: What Tatas Will not Get

Tatas would not get to retain non-core assets such as the Vasant Vihar Housing colony of Air India, Air India Building at Nariman Point, Mumbai, and Air India Building in New Delhi.

Jan 27, 2022 16:27 IST

Best Wishes to the New Owners: Aviation Minister

“Best wishes to the new owners. I am confident that the airline will bloom under their wings, and pave the way for a thriving & robust civil aviation industry in India,” aviation minister added.

Jan 27, 2022 16:06 IST

Air India Returns to Tata Sons LIVE Updates: 'Indeed Noteworthy', Says Scindia

“It is indeed noteworthy that the disinvestment process of Air India has been brought to a successful conclusion in a time-bound manner. This proves the govt’s ability, and the resolve to carry out disinvestment effectively in non-strategic sectors in the future,” said Union civil aviation minister Jyotiraditya M. Scindia

Jan 27, 2022 16:00 IST

Look Forward to Create a World Class Airline: Tata Sons chairman N Chandrasekaran

“We are very happy to have Air India back in the Tata group. We look forward to working with everyone in creating a world class airline,” Tata Sons chairman N Chandrasekaran said.

Jan 27, 2022 15:56 IST

Air India Returns to Tata Group LIVE Updates: 'Air India Disinvestment Process is Complete'

“The formalities have been completed. The Air India disinvestment process is closed. The shares have been transferred to Talace Pvt Ltd, which is the new owner of Air India,” said Tuhin Kant Pandey, Secretary, Department of Investment & Public Asset Management (DIPAM).

Jan 27, 2022 15:51 IST

Air India finally Becomes a Tata Property

Air India finally Becomes a Tata Property

Jan 27, 2022 15:22 IST

Air India handover to Tata Group LIVE Updates: With Air India, Tata will Dominate the Sky

Tata Sons owns 84 per cent share in Air Asia which has a market share of 5.2 per cent. It also has 51 per cent stake in Vistara which has a market share of 8.3 per cent. With Air India under the stable, Tatas could be in control of 26.7 per cent market share and be the second biggest player after IndiGo.

Jan 27, 2022 15:13 IST

Ratan Tata's Emotional Note after Tata Wins Bid for Air India

“On an emotional note, Air India under the leadership of Mr JRD Tata had, at one time, gained the reputation of being one of the most prestigious airlines in the world. Tata will have the opportunity of regaining the image and reputation it enjoyed in earlier years. Mr JRD Tata would have been overjoyed if he was in our midst today,” Ratan Tata, Tata Group’s Chairman Emeritus said in a statement.

Jan 27, 2022 15:02 IST

Tata Group to Take Over Air India Today: An Expat CEO to Join the Board?

To run Air India, the Tata Group has shortlisted a few candidates for the role of chief executive officer. According to reports, an expat CEO will be appointed to look after the integration of Air India with Tata Group and prepare its future plans.

Jan 27, 2022 15:02 IST

Tata Group to Take Over Air India Today: An Expat CEO to Join the Board?

To run Air India, the Tata Group has shortlisted a few candidates for the role of chief executive officer. According to reports, an expat CEO will be appointed to look after the integration of Air India with Tata Group and prepare its future plans.

Jan 27, 2022 14:48 IST

Air India to Return to Tata Today: Tata Sons chairman Meets PM Modi

Tata Sons chairman N Chandrasekaran met Prime Minister Narendra Modi ahead of the official handover of Air India on Thursday. Air India is all set to return to its founders after a gap of 69 years.

Jan 27, 2022 14:41 IST

Air India to Return to Tata Today: DIPAM secretary Arrives at Air India HQ

DIPAM secretary Tuhin Kanta Pandey arrives at Air India HQ Airlines House in Delhi ahead of the official handover of Air India to Tata Group

Jan 27, 2022 14:38 IST

Air India Returns to Tata Group LIVE Updates: What Tata Group will Get

After the acquisition, Tata Group will have access to a fleet of 117 wide-body and narrow-body aircraft, and 24 narrow-body aircraft of Air India Express. Besides, it will get control of 4,400 domestic and 1,800 international landing, and parking slots at domestic airports.

Jan 27, 2022 14:31 IST

Air India Returns to Tata Group LIVE: Chandrasekaran Arrives Air India HQ

Tata Sons chairman N Chandrasekaran arrives at Air India headquarter Airlines House in Delhi ahead of the official handover on January 27.

Jan 27, 2022 14:20 IST

Air India Returns to Tata LIVE: SBI-Led Lenders to Provide Loans

A consortium of lenders led by State Bank of India (SBI) has agreed to provide loans to Tata Group for the smooth operations of loss-making airline, according to news agency PTI. The consortium of banks includes Punjab National Bank, Bank of Baroda, and Union Bank of India apart from SBI.

Jan 27, 2022 14:04 IST

Air India Returns to Tata LIVE Updates: Know What Tatas will Get

The Tata Group will own 100 per cent stake in Air India. It will also acquire 100 per cent stake in its international low-cost arm Air India Express and 50 stake in the ground handling joint venture. It will take over 141 planes of the airlines and 173 destinations along with the ownership of iconic brands like Air India, Indian Airlines and the Maharajah.

Jan 27, 2022 12:00 IST

Air India Returns to Tata: A New Board to be Formed

A new board will be constituted on Thursday after Air India resigns, according to CNBC-TV18 sources. Tata Group is also in talks to appoint an ex-pat from the global aviation industry as Air India CEO.

Jan 27, 2022 11:44 IST

Tata Group's Blueprint to Revamp Air India

Tata Group is preparing a 100-day plan for Air India to improve the operational and service standards of the airline, under the watch of an expatriate chief executive, according to reports

Jan 27, 2022 11:07 IST

Air India to Return to Tata Today

Air India is India’s biggest overseas carrier. With Air India and Vistara, Tata group will be the No.2 in the domestic market share after IndiGo.

Jan 27, 2022 10:47 IST

N Chandrasekaran to Meet PM Modi Shortly Ahead of the Handover

N Chandrasekaran, chairman Tata Sons board will meet Prime Minister Narendra Modi ahead of the formal handover of Air India to Tata Group, according to CNBC TV18. “The group would work to make Air India a world class airline,” N Chandrasekaran said earlier.

have Air India back in the Tata group. We look forward to working with everyone in creating a world class airline,” N Chandrasekaran said.

In October last year, the Talace Private Limited, a subsidiary of the Tata group’s holding company, won the bid to take over Maharaja from the central government for Rs 18,000 crore. The Tatas will own 100 per cent stake in Air India. As a part of the deal, the central government will also hand over Air India Express and a 50 percent stake in ground handling arm Air India SATS to the Tata group.

The Tata Group is likely to introduce “enhanced meal service” on four flights that will operate from Mumbai on Thursday, according to media reports. It will be provided on four flights — AI864 (Mumbai-Delhi), AI687 (Mumbai-Delhi), AI945 (Mumbai-Abu Dhabi) and AI639 (Mumbai-Bengaluru). Air India flights will however not fly under the banner of the Tata Group from Thursday, officials told.

The group will announce later from when all Air India flights will run under the Tata’s banner. Air India will be third airline brand under Tata’s stable after Air Asia India and Vistara.

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