Business(Airlines) Air India Sale: After a 68-year hiatus, Air India will be sold to Tata Sons, with the central government approving the group’s bid. A consortium led by SpiceJet’s Ajay Singh was outbid by Tata Group.
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Piyush Goyal reiterates that there has been no final decision on the winning bid for Air India.
India Air India, which has been losing money since a merger with the former state-run Indian Airlines in 2007-08, had accumulated losses of up to Rs. 70,820 crore as of March 31, 2020. Tata Sons, the group holding company that owns a majority stake in AirAsia India and controls Jaguar Land Rover, made an offerContinue reading “Piyush Goyal reiterates that there has been no final decision on the winning bid for Air India.”
Tata Sons wins bid for Air India, official announcement awaited
Business The long wait is finally over. According to Bloomberg News, Tata Sons won the bid for Air India. Later that day, the top bureaucrat in charge of the government’s divestment plan said that no final decision had yet been made. The political license will be divided into two levels. At one level is theContinue reading “Tata Sons wins bid for Air India, official announcement awaited”
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