Tata Group To Take Over Air India Today, N Chandrasekaran To Meet PM Modi: Reports
Mumbai: Tata Group is likely to take over Air India today (January 27), nearly 69 years after it was taken from the conglomerate, reports said.
With the due date just a day away, sentiments amongst the employees of the airlines range from scepticism to eagerness ahead for the takeover.
The government had on October 8 last year sold Air India to Tails Pvt Ltd, a subsidiary of the Tata group’s holding company, for Rs 18,000 crore after a competitive bidding process.
While some pilots of the airline have written to the management seeking reduction in payment of their dues and dues, staff on the administrative side of Air India are hoping to streamline operations going forward.
After a long journey of 69 years, Air India is set to be officially handed over to the Tata Group on Thursday. Sources told ANI that Tata Group Chairman N Chandrasekhar is in Delhi to witness the formal transfer.
“Officially Air India hands over to Tata Group today in the afternoon. Tata Group Chairman N Chandrasekaran will be in the ministries for the official handover process,” a senior government official said.
A formal announcement from the Tata Group regarding the official handover process will be made today.
Maharaja is the official mascot of Air India which operates globally apart from domestic operations. As per the data available in 2020, “Air India operates to around 101 destinations including 57 domestic operations, including 33 countries on four continents across the world.”
Aviation experts say that Air India is carrying a substantial number of the latest aircraft in its fleet from both Airbus and Boeing which is Air India`s strength.
Air India shares the code with Star Alliance and operates a total of 172 wide and narrow-body aircraft with Air India Express globally, including domestic operations.
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