The Indian government is likely to hand over Air India to the Tata Group on Thursday, nearly 69 years after it was taken from the conglomerate, officials said on Wednesday.
After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited – a subsidiary of the Tata Group’s holding company – for Rs 18,000 crore.
Meanwhile, two airline pilot unions – Indian Pilots’ Guild (IPG) and Indian Commercial Pilots’ Association (ICPA) – on Monday warned Air India’s CMD Vikram Dev Dutt of legal action as “multiple deductions and recoveries have been projected” on the dues owed to pilots.
