Air India handed over to Tata Group | Top points
India Today
The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets
The government on Thursday officially handed over Air India to the Tata group. The Tata Group now takes full control of the iconic 'Maharaja'.
The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets.
The strategic disinvestment transaction of Air India successfully concluded today with the transfer of 100 per cent shares of Air India to Talace Pvt Ltd along with management control. A new Board, led by the Strategic Partner, takes charge of Air India, Secretary, DIPAM stated.
EFFECTIVE DISINVESTMENT OF AIR INDIA
Union Minister Jyotiraditya Scindia said 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. Best wishes to the new owners. I am confident that the airline will bloom under their wings, and pave the way for a thriving and robust civil aviation industry in India," Scindia said.
AIR INDIA GOES TO TATA
