Air India is expected to return to the Tata Group after eight decades, which saw the airline witnessing several ups and downs. The central government, in a bid to complete the disinvestment process, is expected to hand over the airline to Tata Group today.
The process started two decades ago, when former Prime Minister Atal Bihari Vajpayee invited bids to sell the government’s 40 per cent stake in the national carrier. Singapore Airlines and Tata Group showed interest, but the disinvestment process could not be completed.
Since then, the government has tried to sell the airline, burgeoning with losses, to raise funds. It finally succeeded in its bid in October last year.
