New dawn for Air India: Scindia on airline’s sale to Tata Group
Air India’s sale to the Tata Group marks a new dawn for the airline, Civil Aviation Minister Jyotiraditya Scindia said on Friday as he hoped that the carrier would continue to bring people closer through successful operations.
Earlier in the day, the government announced that Talace Private Limited, a wholly-owned subsidiary of Tata Sons, has beaten a consortium led by SpiceJet promoter Ajay Singh by offering Rs 18,000 crore to win the bid to acquire debt-laden Air India.
“Air India’s return to the Tata group marks a new dawn for the airline! My best wishes to the new management, and congratulations to DIPAM Secretary and the Civil Aviation Ministry for successfully concluding the difficult task of paving a new runway for the airline to take off!” Scindia wrote on Twitter.
