Tata Sons Chairman Likely To Meet PM Ahead Of Air India Handover: Sources

Tata Sons Chairman N Chandrasekaran is likely to meet Prime Minister Narendra Modi ahead of the official handover of Air India, sources said.

Tata Sons Chairman N Chandrasekaran is likely to meet Prime Minister Narendra Modi ahead of the official handover of Air India, sources told NDTV. Tata nominees are expected to replace government members on Air India Board ahead of formal handover, they added.

In October last year, the government had sold Air India to Talace Private Limited -- a subsidiary of the Tata group's holding company -- for Rs 18,000 crore.

After that, a Letter of Intent (LoI) was issued to the Tata group confirming the government's willingness to sell its 100 per cent stake in the airline. Then, the Centre had signed the share purchase agreement (SPA) for this deal.

As a part of the deal, the Tata group will also be handed over Air India Express and a 50 per cent stake in ground handling arm Air India SATS.