New Delhi: Tata Sons has reportedly won the bid for the debt-laden state-run airline Air India.
A panel of ministers has accepted a proposal recommending Tata Sons’ bid for the national carrier, Bloomberg reported on Friday.
SpiceJet founder Ajay Singh was also among the bidders.
While Tata Sons and Air India declined to comment, the finance ministry spokesperson did not immediately respond to a Reuter’s message.
“Air India getting back to Tatas means AI coming back to the top. I am personally very happy… Tatas will become a dominant player not only in India but worldwide,” former Executive Director of Air India Jitendra Bhargava was quoted as saying by CNN News18.
The government will divest its 100 per cent stake in the debt-ridden Air India, Air India Express and 50 per cent stake in the ground handling company (AISATS), a TOI report said.
Two movies 18 years apart, set in distinctly different social landscapes yet so similar. Two… Read More
Bhubaneswar: Mining conglomerate Vedanta will set up its Rs 1 lakh crore aluminium refinery and… Read More
Stay ahead with Odisha Bytes Breaking News - your ultimate source for the fastest, most… Read More
Keonjhar: Twenty-six girl students of Odisha Adarsha Vidyalaya (OAV) at Oriya village under Telkoi block… Read More
Bhubaneswar: Odisha received investment intent of nearly Rs 20,900 crore in in IT/ITeS on the… Read More
Mumbai: As a result of a path-breaking innovation, Artificial Intelligence (AI) has made its way… Read More
This website uses cookies.
