NEW DELHI: Air India divestment has entered its last lap with the transaction advisor Ernst & Young, along with RBSA Advisors making a presentation on the valuation of the Maharaja to the government on Tuesday. Department of investment and public asset management (Dipam) brass is learnt to have met both the qualified bidders — Tata Group and SpiceJet promoter Ajay Singh-led consortia — on Wednesday.
Incidentally, October 15 is an important date in AI history. It was on this date in 1932 that J R D Tata piloted the first-ever flight of Tata Air Services from Karachi’s Drigh Road Aerodrome to Mumbai’s Juhu Airstrip via Ahmedabad on a single-engine De Havilland Puss Moth carrying 25 kg of 4-anna airmail letters.
