New Delhi. India’s oldest airline company Air India, which has been in government hands for many years, has been bought by Ratan Tata’s Tata Group a few days ago. Air India, once known as Tata Airlines, has once again gone to Tata. It is also being called the home return of Air India. Now it has been made clear by the government that in 10 days the keys of Air India will be in the hands of Ratan Tata. In this regard, Civil Aviation Secretary Rajiv Bansal has said that the process of disinvestment of Air India will be completed in 10 days. Rajiv Bansal is also currently the Chairman and Managing Director of Air India. According to him, the process of disinvestment of Air India is now in its final stage. Air India’s letter of intent has already been issued to the Tata Group and now only the necessary revenue and capital expenditure process is pending.
Also read – Tata Sons bids Rs 18,000 crore for Air India
Tata Group’s new plan for Air India
After the acquisition of Air India by the Tata Group, the work of preparing a new plan for it has started. The Tata Group plans to create a new business vertical to on-board Air India as well as all its holdings in the airline business. The new business vertical will take Tata Group’s interest in Air India Express and AISATS. Along with this, a plan will also be made to strengthen Air India keeping in mind the travel and tourism.
Also read – Air India became private, now know what will happen to the employees’ job PF-gratuity?
Source: Patrika : India's Leading Hindi News Portal by www.patrika.com.
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