Air India: Air India in Tata's bag, became the winning bidder with a bid of Rs 18000 crore|Ratan Tata|Air India flight|Air India sell|Air India बीक गाय|

 The government sells its entire stake to Air India and Air India Express. Also, the state-owned airline Air India sells 50 percent of the shares in AISATS.

Highlights

The agreement is expected to be finalized by the end of December this year.

Ajay Singh of Tata Group and SpiceJet had applied

The government sells the entire stake to Air India and Air India Express

New Delhi

Air India, a state-owned airline, has returned to its former owner. Air India's winning bid was won by the Tata Sons unit. This was announced by Tuhin Kant Pandey, Secretary, DIPAM. Pandey said at a press conference on Friday evening that the Tata Sons unit Talace Pvt Ltd won the Air India R18 million. The agreement is expected to be finalized by the end of December this year. Ajay Singh of Tata Group and SpiceJet had called Air India.

The government sells its entire stake to Air India and Air India Express. Also, the state-owned airline Air India sells 50 percent of the shares in AISATS. With this, Ajay Singh of Tata Group and SpiceJet made individual bids. The sale of Air India is an integral part of the Modi government's independence program. The Ministerial Committee, led by Home Affairs Minister Amit Shah, is monitoring it in person. According to the current application, Air India will be transferred to a new owner with a loan of Rs 23,000 crore. The rest of the company's debt will be transferred to Air India Asset Holdings Ltd (AIAHL).

Air India is returning home after 68 years

Air India will return home after 68 years. Tata Group bids Air India via AirAsia India. Air India was started by the Tata team and now after 68 years, and Air India is in the lap of Tata team. JRD Tata founded Tata Airlines in 1932. The planes were stopped during World War II. When the planes were restored, on July 29, 1946, the name of Tata Airlines was changed to Air India Limited. After independence, in 1947, 49 percent of Air India's participation was taken over by the government. The country was formed in 1953.

Ratan Tata Says 'Welcome'

How much and how much debt the government has set aside

Pandey said from 2009-10 until now, the government had set aside Rs 54,584 crore as funding for Air India. Apart from this, Rs 55,692 crore has been set aside as a guarantee of funding. In this way, the government has set a total value of rs 1,10,276 crore on Air India from 2009-10. Air India has a debt of Rs 61,562 crore as at 31 August 2021. The winning Tata Sons winner will carry a debt of Rs 15,300 crore. Following this, Air India will have a debt of Rs 46,262 crore.

what will happen to the workers

Secretary for Air Transport Rajiv Bansal said Air India currently has 12 085 employees, of which 8 084 are full-time employees and 4,001 are on contract. Apart from this, there are 1434 employees on Air India Express. He added that the winner of the Tata Sons project will retain all staff next year. If they are not retained for the second year, the company will voluntarily retire them.