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Air India - Tata Group
January 30 , 2022
971 days
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- The government of India officially handed over India’s flag carrier, Air India to the Tata Group on January 27, 2022.
- This is almost 69 years after acquiring the conglomerate.
- The total value of the deal is Rs 18,000 crore (US$2.4 billion).
- The strategic disinvestment transaction of Air India includes the transfer of a 100 percent stake of GoI in Air India to Tata Sons, along with management control.
- The transaction covers three entities namely, Air India, Air India Express, and Air India SATS (AI SATS).
- The airline was founded in 1932 when JRD Tata piloted the inaugural flight between Karachi and Bombay.
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