Air India’s handover to Tatas expected soon after Republic Day
Air India (AI) is likely to be formally handed over to the Tata group by the end of this week, officials with knowledge of the matter said on Monday, signaling that process to transfer the debt-laden national carrier was nearing an end.
AI officials said the final handover date was not finalised but they aimed to hand over the airline by Thursday. “We cannot confirm a date, but the final handover has to happen this week,” an AI official said, declining to be named.
An AI spokesperson refused to comment on the matter.
The national carrier, which began its journey under the Tatas 90 years ago before the government nationalized the sector in 1953, was sold to the autos-to-steel Tata conglomerate, which will pay ₹18,000 crore for a 100% stake. The sale was announced on October 8 by the Union government.
