NEW DELHI: The countdown for founder Tata Group re-acquiring Air India 68 years after the Maharaja was nationalised has begun. They have to take control and start running AI, AI Express and AI-SATS (in which 50% stake is with the new owners) latest by January 23, 2022 \u2014 the \u201clong stop date\u201d as per the share purchase agreement signed with the government last month.
\nComments from the Tatas were sought on preparations being made for this transfer of ownership and awaited till the time of filing report. They have so far not spelt out their plans for AI like whether there will be mega airline or a low-cost and a full-service carrier, the management structure and fleet and cabin upgrade plans.
\n\u201cThe long stop date of January 23, 2022, is the outer limit by when Tata\u2019s wholly owned subsidiary Talace has to take over AI. This date has been agreed upon by both the parties (seller government and buyer Tatas),\u201d said people in the know.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: The countdown for founder Tata Group re-acquiring Air India 68 years after the Maharaja was nationalised has begun. They have to take control and start running AI, AI Express and AI-SATS (in which 50% stake is with the new owners) latest by January 23, 2022 \u2014 the \u201clong stop date\u201d as per the share purchase agreement signed with the government last month. Comments from the Tatas were sought on preparations being made for this transfer of ownership and awaited till the time of filing report. They have so far not spelt out their plans for AI like whether […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-448512","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/448512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=448512"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/448512\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=448512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=448512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=448512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}