Air India to be transferred to Tata Group on January 27.
Air India will become a Tata-owned company this week as the government has decided to hand over the company to the Tata Group on January 27, 2021.
“The disinvestment of Air India is
now decided to be on the 27th January,2022. The closing balance sheet as on
20th Jan has to be provided today 24th Jan so that it can be reviewed by Tatas
and any changes can be effected on Wednesday,” airline’s director finance Vinod
Hejmadi said in an email to employees.
Seeking support from employees, he
said, all of them have done an excellent job till now in providing all support
for the disinvestment exercise.
The Tata Group won a bid (through a
holding company Talace) to buy 100% stake in Air India along with AI Express
and 50% stake in ground handling company AISATS and the government has targeted
to transfer to the before the end of this month.
Post the handover, the Tata Group is
likely to operate three airlines – Air India, Air India Express and Vistara –
after the government transfers the airline to the group and upon merger of
AirAsia India and AI Express.
Current Issue
02-2026
