Sale of Air India
12th October, 2021 Economy
Figure 3: No Copyright Infringement Intended
- Tata Sons subsidiary Talace Pvt. Ltd. emerged as the winning bidder for the debt-laden national carrier after quoting an enterprise value of 718,000 crore.
- The government will take a hit of 28,844 crore.
- The Tatas will own a 100% stake in Air India, as also 100% in its international low-cost arm Air India Express and 50% in the ground handling joint venture,Air India SATS.
- Apart from 141 aircraft and access to a network of 173 destinations, including 55 international ones, Tatas will also have the ownership of iconic brands such as Air India, Indian Airlines and the MaharajahSpecial Category Status.