Air India’s return to the Tata group marks a new dawn for the airline, Civil Aviation Minister Jyotiraditya Scindia said today as the salt-to-software conglomerate has won the bid for the national carrier.
“Air India’s return to @TataCompanies marks a new dawn for the airline! My best wishes to the new management, and congratulations to @SecyDIPAM and @MoCA_GoI for successfully completing the arduous task of building a new runway for the airline!” The minister tweeted.
“I hope the airline continues its mission of bringing people closer through its successful operations,” he added.
return of air india @tata companies A new dawn for the airline! My best wishes to the new management, and congratulations @SecyDIPAM And @MoCA_GoI To successfully complete the difficult task of building a new runway for the airline to take off!
– Jyotiraditya M. Scindia (@JM_Scindia) 8 October 2021
Tata Sons was chosen as the winning bidder for Air India, ending decades of efforts to privatize the debt-ridden airline, and potentially end years of taxpayer bailouts that kept it running.
Tata Sons, which originally launched Air India Limited with a well-known branding in 1932, bid Rs 18,000 crore as an enterprise value for Air India, said Tuhin Kanta Pandey, the top bureaucrat in the Department of Investment and Public Asset Management. said in a briefing. Friday. The government aims to complete the transaction by the end of 2021.